SANDFIRE RESOURCES LIMITED — Major Shareholding Notification 2019

Oct 24, 2019

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/ Scheme	Sandfire Resources NL
ACN/ ARSN
1. Details of substantial holder (1) Name	Vinva Investment Management
ACN/ ARSN (if applicable)	147 934 263
The holder ceased to be a substantial holder on 23/10/2019
The previous notice was given to the company on	31/05/2016
The previous notice was dated	27/05/2016

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	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
28/05/2016 - 23/10/2019	Vinva Investment Management	Acquisition of 1,709,758 shares	Consideration for Acquisition of Shares \$10,772.561	1,709,758 shares	1,709,758 shares
		Disposal of 2,417,189 shares	Consideration for Disposal of Shares \$15,342,696	2,417,189 shares	2,417,189 shares
		Transfer in 1,377,381 shares		1,377,381 shares	1,377,381 shares
		Transfer out 1,015,927 shares		1.015,927 shares	1,015,927 shares
NB: There was a scheme of arrangement finalised on 23/10/2019 between Sandfire Resources NL and MOD Resources Limited. This corporate action increased the shares out on issue for SFR to 177,998,967.

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 assoc зіяної
N/r

4. Addresses

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

Name	Address
Vinva Investment Management	, 10 Bridge Street, Sydney, NSW 2000 ∟evel 13.

Signature

Print name ____________________________________

Sign here __________________________________ Date $\frac{1}{\sqrt{1-\frac{1}{2}}}$ $\sim$

DIRECTIONS

• $(1)$ If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity truster are a number of a manufacture in an annexure to the form. If the relevant interests leg, a corporation and interests researchildly similar, the manager and trustee of an equity
  form as a specifically named group if
• $(2)$ 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:
• .
  any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any $(a)$ 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
• 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 $(b)$ 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.

• 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 entilled
  to receive in relation to that acquisition, Details m $(5)$ 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.

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$(7)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $\mathcal{H}^{\mathcal{A}}$ and $\mathcal{H}^{\mathcal{A}}$ $\alpha$ and $\alpha$ . In the set of $\alpha$