S2 RESOURCES LTD — Major Shareholding Notification 2015

Nov 9, 2015

Form 605 Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To:	S2 RESOURCES LTD
ACN/ARSN	606 128 090
1. Details of substantial holder
Name	"Deutsche Bank Group")	Deutsche Bank AG and its related bodies corporate (together, the
ACN/ARSN (if applicable)	064 165 162
The holder ceased to be a substantial holder on The previous notice was given to the company on The previous notice was dated		6 November 2015 3 November 2015 30 October 2015

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 of change	Person whose relevant interest changed	Nature of change(4)	Consideration given in relation to change(5)	$Class(6)$ and number of securities affected	Person's votes affected
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
Deutsche Bank AG, Sydney Branch	Level 16, Deutsche Bank Place, Corner Hunter and Philip Street, Sydney, NSW, Australia 2000

Signature

Name Carmen Chan

Deutsche Bank AG, Hong Kong Branch

10 November 2015

Schedule 1

			Consideration	Class and number of
Date of			given in relation to	securities affected	Person's votes
change	Holder of relevant interest	Nature of change	change	Ordinary Shares)	affected
02/11/2015	Deutsche Bank AG. Sydney Branch	Buy	0.17	317.789	317.789
02/11/2015	Deutsche Bank AG, Sydney Branch	Buy	0.18	20,000	20,000
02/11/2015	Deutsche Bank AG, Sydney Branch	Sell	0.17 1	$-17,121$	17,121
03/11/2015	Deutsche Bank AG. Sydney Branch	Sell	0.18	$-20,000$	20,000
03/11/2015	Deutsche Bank AG. Sydney Branch	Sell	0.17	$-1.555$	$-1.55$ E
	04/11/2015 Deutsche Bank AG, Sydney Branch	Buy	0.17	10,000	10,000
	05/11/2015 Deutsche Bank AG. Sydney Branch	Sell	0.16	$-1,280,804$	$-1,280,804$
	Branch 05/11/2015 Deutsche Bank AG. Sydney	Buy	0.17	00,000	100,000
	05/11/2015 Deutsche Bank AG, Sydney Branch	Sell	0.17	$-10,000$	$-10,00$
	06/11/2015 Deutsche Bank AG, Sydney Branch	Sell	0.17	$-5.000$	$-5,000$