Resolute Mining Limited — Major Shareholding Notification 2022

Dec 15, 2022

Form 604 Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder (amended)

To Company Name/Scheme		Resolute Mining Limited
ACN/ARSN	097 088 689
1. Details of substantial holder (1)NameACN/ARSN (if applicable)	ICM Limited (and associates listed in Annexure "A"), Somers Isles Private Trust Company Limited
There was a change in the interests of thesubstantial holder onThe previous notice was given to the company onThe previous notice was dated		2022/12/152022/11/182022/11/18

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

	Previous notice		Present notice
Class of securities (4)	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary	131,375,391	7.71%	123,309,607	5.79%

3. 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 ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
See Annexure "A"

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered	Person entitled	Nature of	Class and	Person's votes
relevant	holder of	to be registered	relevant	number of
interest	securities	as holder (8)	interest (6)	securities
See Annexure "B"

5. Changes in association

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

Name and ACN/ARSN (if applicable)	Nature of association

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Somers Isles Private Trust Company Limited, Alliance Life Common FundLimited, Prime Life Common Fund Limited, General Provincial Life PensionFund Limited, Union Mutual Pension Fund Limited, Zeta Resources Limited,ICM Limited and Duncan Saville	34 Bermudiana Road, Hamilton, HM11, Bermuda
UIL Limited	2 Church Street, Hamilton HM11
Utilico Emerging Markets Trust plc and ICM Investment Management Limited	The Cottage, Ridgecourt, The Ridge, Epsom Surrey,KT18 7EP, UK

Signature

	print name Duncan Gutsche	capacity	NotificationsAdministrator
sign here		date	2022/12/15

Annexure 'A'

This is Annexure A of 1 page referred to in Form 604 Notice of change of interests of substantial holder.

Print Name Duncan Gutsche Capacity Notifications Administrator

Signature Date 2022/12/15

Changes in relevant interests

Date ofchange	Person whoserelevant interestchanges	Nature of change	Considerationgiven inrelation tochange	Class andnumber ofsecurities	Person'svotesaffected
NOV - DEC2022	UIL Limited	Sales – on market	$3,772,161	(20,250,000)	(20,250,000)
NOV - DEC2022	ICM NZ Limited	Sales – on market	$1,615,124	(8,542,708)	(8,542,708)
NOV - DEC2022	Ingot Capital InvestmentsPty Ltd	Sales – on market	$1,605,046	(8,500,000)	(8,500,000)
12 DEC 2022	ICM NZ Limited	Placement	$1,600,000	10,000,000	10,000,000
12 DEC 2022	Ingot Capital InvestmentsPty Ltd	Placement	$1,600,000	10,000,000	10,000,000
12 DEC 2022	Utilico Emerging MarketsTrust plc	Placement	$1,476,308	9,226,924	9,226,924
NOV – DEC2022	ICM Limited	Change in % holding due to on marketsales by UIL Limited and ICM NZ Limited		(28,792,708)	(28,792,708)
12 DEC 2022	ICM Limited	Change in % holding due to placementby ICM NZ Limited	-	10,000,000	10,000,000
12 DEC 2022	ICM Limited	Change in % holding due to placementby Utilico Emerging Markets Trust plc	-	9,226,924	9,226,924
NOV - DEC2022	Capel Court Pty Ltd	Change in % holding due to on marketsales by Ingot Capital Investments PtyLtd	-	(8,500,000)	(8,500,000)
12 DEC 2022	Capel Court Pty Ltd	Change in % holding due to placementby Ingot Capital Investments Pty Ltd	-	10,000,000	10,000,000
NOV - DEC2022	General Provincial LifePension Fund Limited	Change in % holding due to on marketsales by UIL Limited	-	(20,250,000)	(20,250,000)
NOV - DEC2022	Union Mutual PensionFund Limited	Change in % holding due to on marketsales by UIL Limited	-	(20,250,000)	(20,250,000)
NOV - DEC2022	Somers Isles Private TrustCompany Limited	Change in % holding due to on marketsales by UIL Limited and ICM NZ Limited	-	(28,792,708)	(28,792,708)
12 DEC 2022	Somers Isles Private TrustCompany Limited	Change in % holding due to placementby ICM NZ Limited		10,000,000	10,000,000
NOV - DEC2022	ICM InvestmentManagement Limited	Change in % holding due to on marketsales by UIL Limited	-	(20,250,000)	(20,250,000)
12 DEC 2022	ICM InvestmentManagement Limited	Change in % holding due to placementby Utilico Emerging Markets Trust plc	-	9,226,924	9,226,924
12 DEC 2022	Duncan Saville	Change in % holding due to placementby ICM NZ Limited, Ingot CapitalInvestments Pty Ltd and Utilico EmergingMarkets Trust plc	-	29,226,924	29,226,924
NOV - DEC2022	Duncan Saville	Change in % holding due to on marketsales by UIL Limited, ICM NZ Limitedand Ingot Capital Investments Pty Ltd	-	(37,292,708)	(37,292,708)
12 DEC 2022		Revised Total Shares on Issue:2,128,956,134	n/a	n/a	n/a

Annexure 'B'

This is Annexure B of 2 page referred to in Form 604 Notice of change of interests of substantial holder.

Print Name Duncan Gutsche Capacity Notifications Administrator

Present relevant interests

Holderof relevantinterest	Registered holder ofsecurities	Person entitled tobe registered asholder	Nature of relevant interest	Class andnumber ofsecurities	Person'svotes
UIL Limited	JP Morgan NomineesAustralia Limited	UIL Limited	Beneficial Owner	48,172,173ordinaryshares	48,172,173
Utilico EmergingMarkets Trust plc	JP Morgan NomineesAustralia Limited	Utilico EmergingMarkets Trust plc	Beneficial Owner	19,468,810ordinaryshares	19,468,810
Alliance LifeCommon FundLimited	HSBC CustodyNominees	Alliance LifeCommon FundLimited	Beneficial Owner	28,897,831ordinaryshares	28,897,831
ICM NZ Limited	Bell Potter SecuritiesPty Limited	ICM NZ Limited	Beneficial Owner	19,457,292ordinaryshares	19,457,292
Ingot CapitalInvestments PtyLtd	Bell Potter SecuritiesPty Limited	Ingot CapitalInvestments Pty Ltd	Beneficial Owner	7,313,501ordinaryshares	7,313,501
Prime LifeCommon FundLimited	HSBC CustodyNominees	Alliance LifeCommon FundLimited	Relevant interest under section 608(3)(b)of the Corporations Act by having controlover Alliance Life Common Fund Limitedholding 100% of the shares on issue.	28,897,831ordinaryshares	28,897,831
General ProvincialLife Pension FundLimited	JP Morgan NomineesAustralia Limited	UIL Limited	Relevant interest under section 608(3)(a)of the Corporations Act by having controlover UIL Limited holding greater than50% of the shares on issue.	48,172,173ordinaryshares	48,172,173
Union MutualPension FundLimited	JP Morgan NomineesAustralia Limited	UIL Limited	Relevant interest under section 608(3)(b)of the Corporations Act by havingcommon control of UIL Limited	48,172,173ordinaryshares	48,172,173
Capel Court Pty Ltd	Bell Potter SecuritiesPty Limited	Ingot CapitalInvestments Pty Ltd	Relevant interest under section 608(3)(b)of the Corporations Act by having controlover Ingot Capital Investments Pty Ltdholding 100% of the shares on issue.	7,313,501ordinaryshares	7,313,501
Somers IslesPrivate TrustCompany Limited	JP Morgan NomineesAustralia Limited	UIL Limited	Relevant interest under section 608(3)(b)of the Corporations Act by having controlover General Provincial Life PensionFund Limited.	48,172,173ordinaryshares	115,996,106
	JP Morgan NomineesAustralia Limited	Utilico EmergingMarkets Trust plc	Relevant interest under section 608(3)(b)of the Corporations Act by having controlover ICM Limited.	19,468,810ordinaryshares
	HSBC Bank AustraliaLimited	Alliance LifeCommon FundLimited	Relevant interest under section 608(3)(b)of the Corporations Act by having controlover Prime Life Common Fund Limitedholding 100% of the shares on issue ofthis entity.	28,897,831ordinaryshares
	Bell Potter SecuritiesPty Limited	ICM NZ Limited	Relevant interest under section 608(3)(b)of the Corporations Act by having controlover ICM Limited holding 100% of theshares on issue of this entity.	19,457,292ordinaryshares

ICM Limited	JP Morgan NomineesAustralia Limited	UIL Limited	Relevant interest under sections608(1)(b) and (c) of the Corporations Actby having power to control the exerciseof voting or disposal of shares as coinvestment manager for UIL Limited.	48,172,173ordinaryshares	87,098,275
	JP Morgan NomineesAustralia Limited	Utilico EmergingMarkets Trust plc	Relevant interest under sections608(1)(b) and (c) of the Corporations Actby having power to control the exerciseof voting or disposal of shares as coinvestment manager for Utilico EmergingMarkets Trust plc.	19,468,810ordinaryshares
	Bell Potter SecuritiesPty Limited	ICM NZ Limited	Relevant interest under section 608(3)(b)of the Corporations Act by having controlover ICM NZ Limited holding 100% ofthe shares on issue.	19,457,292ordinaryshares
ICM InvestmentManagementLimited	JP Morgan NomineesAustralia Limited	UIL Limited	Relevant interest under sections608(1)(b) and (c) of the Corporations Actby having power to control the exerciseof voting or disposal of shares as coinvestment manager for UIL Limited.	48,172,173ordinaryshares	67,640,983
	JP Morgan NomineesAustralia Limited	Utilico EmergingMarkets Trust plc	Relevant interest under sections608(1)(b) and (c) of the Corporations Actby having power to control the exerciseof voting or disposal of shares as coinvestment manager for Utilico EmergingMarkets Trust plc.	19,468,810ordinaryshares
Duncan Saville	JP Morgan NomineesAustralia Limited	UIL Limited	Relevant interest under section 608(3)(b)of the Corporations Act by having controlover ICM Limited and holding 100% of	48,172,173ordinaryshares	123,309,607
	JP Morgan NomineesAustralia Limited	Utilico EmergingMarkets Trust plc	the shares in Somers Isles Private TrustCompany Limited.	19,468,810ordinaryshares
	HSBC Bank AustraliaLimited	Alliance LifeCommon FundLimited		28,897,831ordinaryshares
	Bell Potter SecuritiesPty Limited	ICM NZ Limited		19,457,292ordinaryshares
	Bell Potter SecuritiesPty Limited	Ingot CapitalInvestments Pty Ltd	Relevant interest under section 608(3)(b)of the Corporations Act by having controlover Capel Court Pty Ltd holding 100%of the shares on issue.	7,313,501ordinaryshares