SANDFIRE RESOURCES LIMITED — Major Shareholding Notification 2008

Jun 22, 2008

4. Addresses

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

Name	Address
Gitigroup Global Markets Limited	Citigroup Centre, 33 Canada Square London, E14 5LB
Citigroup Global Markets Australia Pty Limited	Level 22, Citigroup Centre, 2 Park Street, Sydney NSW 2000

Dated this 23rd day of June 2008.

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Briana Mandile
Citigroup Global Markets Australia Pty Limited

2 Park Street Sydney NSW 2000
GPO Box 557 Sydney NSW 2001 Australia

1 61 2 8225 4066 F 61 2 8225 5461

facsimile
To:	ASX Company Announcements Platform 8	Fax:	1300 135 638
	Ms Jean Mathie, Company Secretary, Sandfire Resources NL	Fax:	$(08)$ 9226 5844
From:	Briana Mandile Citigroup Global Markets Australia Pty Limited	Fax:	$(02)$ 8225 5461
Date:	23 June 2008	Pages:	3 (including cover sheet)
Subject:	Submission of Form 605 re: Sandfire Resources NL (SFR)

If you do not receive all pages, please telephone on 61 2 8225 4066

This fax is confidential and may be privileged. If you are not the intended recipient, please notify the sender immediately by telephone.

Notice of ceasing to be a substantial holder	Form 605 Corporations Law
	Section 671B

To: Sandfire Resources NL (Ordinary Fully Paid, SFR)

$1.$ Details of substantial shareholder

Citigroup Global Markets Australia Pty Limited (ACN 003 114 832) and each of the related bodies corporate in the Citi group of companies worldwide (for more details please visit www.citigroup.com).

The holder ceased being a substantial holder on 20 June 2008.

The previous notice had been given to the company on 5 May 2008.

$2.$ 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 relevant interest changed and Person's votes affected	Nature of Relevant Interest	Class of securities affected
20 June 2008	Citigroup Global Markets Limited	Citigroup Global Markets Limited held a relevant interest in these shares solely in its capacity as Prime Broker.	SFR, Ordinary Fully Paid

$3.$ Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association 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	N/A