Resolute Mining Limited — Major Shareholding Notification 2012

Feb 12, 2012

FORM 605 Corporations Act 2001 Section 671B

NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER

To: Company Name/Scheme RSG - Resolute Mining Limited ACN/ARSN 097 088 689 1. Details of Substantial Holder(1) Name Acorn Capital Limited ACN/ARSN (if applicable) 082 694 531 There was a change in the interests of the 01/03/2010 substantial holder on The previous notice was given to the company on 03/04/2006 The previous notice was dated 29/03/2006

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of Change	Person whose relevantinterest changed	Nature ofchange	Consideration given inrelation to change	Class and number ofsecurities affected	Person's votesaffected
29-Mar-2006 to01-Mar-2010	Acorn Capital Limited	Sale and dilution	$5,665,837.91	5,134,402	5,134,402
		Purchase	$10,883,548.85	11,734,307	11,734,307

3. Changes in Associates

The persons who have become associates (2) of, ceased to be associates, or have change the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Name of Association

Print Name PAUL PALUMBO Sign Here

Capacity Portfolio Manager Date 10/02/2012

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