Resolute Mining Limited — Major Shareholding Notification 2023

Apr 23, 2023

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name / Scheme RESOLUTE MINING LTD ACN/ARSN 097 088 689

1. Details of substantial holder (1)

Name ACN/ARSN (if applicable)

BAKER STEEL CAPITAL MANAGERS LLP (CLIENTS OF AND ASSOCIATED OR CONNECTED PARTIES)

The holder ceased to be a substantial holder on 21-Apr-23 The previous notice was given to the company on 04-Apr-23 The previous notice was dated 04-Apr-23

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 ofCh	Person whose relevant interestchaned	Nature of change (4)	Consideration given inrelation to chane (5)	Class (6) and numberof securities affected	Person's votes affected
ange	g		g
++refer to schedule 1++

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

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

4. Addresses

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

Name	Address
for all entities listed…	c/o Baker Steel Capital Managers LLP
	86 Jermyn Street,London,SW1Y 6JD

Signature

print name	Tino Isnardi	capacity	Head of Trading
sign here		date	21-Apr-23

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (egg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.

(2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

(3) See the definition of "associate" in section 9 of the Corporations Act 2001.

(4) Include details of:

(a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

(5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

(6) The voting shares of a company constitute one class unless divided into separate classes.

(7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

SCHEDULE 1

Date ofChange	Person whose relevant interest changed	Nature of change (6)	Consideration given inrelation to change (7)	Class and number ofsecurities affected	Person's votes affected
21-Apr-23	Baker Steel Precious Metals Fund	market sale	1,616,461	ordinary	-3,548,200
20-Apr-23	Baker Steel UK Gold & Precious Metals Fd	market sale	78,909	ordinary	-172,500
19-Apr-23	Baker Steel Precious Metals Fund	market sale	953,397	ordinary	-2,026,500
18-Apr-23	Baker Steel UK Gold & Precious Metals Fd	market sale	41,943	ordinary	-91,900
18-Apr-23	Baker Steel Precious Metals Fund	market sale	1,097,928	ordinary	-2,417,200
17-Apr-23	Baker Steel UK Gold & Precious Metals Fd	market sale	54,027	ordinary	-117,000
17-Apr-23	Baker Steel Precious Metals Fund	market sale	992,897	ordinary	-2,147,000
13-Apr-23	Baker Steel Precious Metals Fund	market sale	1,798,558	ordinary	-3,710,000
13-Apr-23	Baker Steel Resources Trust	market sale	179,371	ordinary	-370,000
12-Apr-23	Baker Steel Precious Metals Fund	market sale	1,735,776	ordinary	-3,670,000
06-Apr-23	Baker Steel Precious Metals Fund	market sale	1,630,770	ordinary	-3,540,000
06-Apr-23	Baker Steel Resources Trust	market sale	276,042	ordinary	-600,000
06-Apr-23	Baker Steel UK Gold & Precious Metals Fd	market sale	58,664	ordinary	-127,600