SGH LIMITED — Major Shareholding Notification 2016

Aug 30, 2016

31 August 2016

Mr G Kaczmarek Company Secretary Saracen Mineral Holdings Limited Level 4 89 St Georges Terrace Perth WA 6000

Total Pages: 6 (including covering letter)

Dear Mr Kaczmarek

Notice of Change of Interests of Substantial Holder for Saracen Mineral Holdings Limited ("the Company")

I attach a copy of the above Notice that we have lodged with the ASX Company Announcements Platform today.

The Notice is in relation to a change in the substantial holding of Seven Group Holdings Limited (SGH) and its subsidiaries, as a result of a decrease in the voting power of Australian Capital Equity Pty Ltd and its subsidiary Wroxby Pty Limited in the Company.

SGH and its subsidiaries do not have any direct shareholding in the Company and are only required to give this notice as associates of Wroxby Pty Limited.

Yours faithfully

Warren Coatsworth Company Secretary

cc – Company Announcements Office Australian Securities Exchange Limited Level 6, 20 Bridge Street SYDNEY NSW 2000

Seven Group Holdings Limited | ABN 46 142 003 469 38-42 Pirrama Road | Pyrmont NSW 2009 Australia | Postal Address: PO Box 777 | Pyrmont NSW 2009 Australia

Telephone +61 2 8777 7777 | Facsimile +61 2 8777 7192

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: Company Name/Surname Saracen Mineral Holdings Limited (the Company)

ACN/ARSN 009 215 347

1. Details of substantial holder (1)

Name Seven Group Holdings Limited (SGH) and SGH's subsidiaries as set out in Annexure A (SGH Group)

ACN (if applicable) 142 003 469

There was a change in the interests of the substantial holder on	12/08/2016
The previous notice was given to the company on	19/09/2014
The previous notice was dated	19/09/2014

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	63,452,550	8.00%(based on 792,784,738ordinary shares on issue)	56,422,703	7.00%(based on 806,205,292ordinary shares on issue)

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 of change	Person whose relevantinterest changed	Nature of change (6)	Consideration givenin relation to change(7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
19/12/2014	Wroxby PtyLimited ACN061 621 921(Wroxby)	The nature of the relevant interest ofWroxby changed from a relevant interestunder s608(8) of the Corporations Actpursuant to a share forward transaction, aspreviously disclosed, to a relevant interestunder s608(1) on settlement of thattransaction	N/A	24,600,000ordinaryshares	24,600,000
21/07/2015	Wroxby	Acquisition of shares on-market	$0.37001 pershare	941,733ordinaryshares	941,733
23/07/2016	Wroxby	Acquisition of shares on-market	$0.37 pershare	528,780ordinaryshares	528,780
06/07/2016	Wroxby	Disposal of shares on-market	$1.645 pershare	2,518,121ordinaryshares	2,518,121
07/07/2016	Wroxby	Disposal of shares on-market	$1.656 pershare	4,371,980ordinaryshares	4,371,980

					604Page 2 of 5
Date of change	Person whose relevantinterest changed	Nature of change (6)	Consideration givenin relation to change(7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
08/07/2016	Wroxby	Disposal of shares on-market	$1.645 pershare	1,609,899ordinaryshares	1,609,899
12/08/2016	Wroxby	Increase in total number of ordinary shareson issue as disclosed in Appendix 3B- NewIssue Announcement lodged by theCompany, dated 12 August 2016, whichhas resulted in a dilution of Wroxby's votingpower, since it does not have a relevantinterest in any of the new shares issued	N/A	N/A	N/A

4. Present relevant interest

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

Holder of relevant interest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Nature of relevant interest (6)	Class and numberof securities	Person's votes
Wroxby	Wroxby	Wroxby	Wroxby's relevant interest arisesunder s608(1) of the Corporations Actas the registered holder of thesecurities.	56,422,703ordinaryshares	56,422,703

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 in relation to voting interests in the company or scheme are as follows:

Name and ACN (if applicable)	Nature of association
SGH and the SGH Group	SGH controls each member of the SGH Group and, as such, they are eachassociates of each other. The members of SGH Group are set out inAnnexure A, some entities of which have become members, or ceased to bemembers, since the last notice was givento the Company.

6. Addresses

The addresses of persons in this form are as follows:

Name	Address
SGH	Level 2, 38 –42 Pirrama Road, Pyrmont, NSW, 2009
SGH Group	See Annexure A
Wroxby	Level 3, 30 Kings Park Road, West Perth, WA 6005

Signature

print name Warren Coatsworth capacity Company Secretary

sign here date 31 August 2016

DIRECTIONS

(1) If there are a number of substantial holders with similar or related interests (eg, 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 6 of the form.

(2) See the definition of "associate" in section 9 of the Corporations Law.

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

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

(5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

(6) Include details of:

(a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671(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.

• (7) 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 theacquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• (8) If the substantial holder is unable to determine the identity of the person (eg, if the relevant interest arises because of an option) write "unknown".
• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure 'A'

This is Annexure 'A' of 2 pages referred to in the Form 604 (Notice of change of interests of substantial holder), signed by me and dated 31 August 2016.

Warren Coatsworth Company Secretary

Entity	ACN
ATPH Pty. Limited	128 476 120
ATP1 Pty. Limited	128 478 311
ATP2 Pty. Limited	128 480 491
ATP3 Pty. Limited	128 482 584
C7 Pty. Limited	082 901 442
Direct Target Access Pty. Limited	072 507 227
Industrial Investment Holdings Pty Limited	166 596 710
Kimlin Holdings Pty. Limited	112 288 445
Manooka Holdings Pty. Limited	092 680 245
Miltonstar Pty. Limited	074 811 144
Network Investment Holdings Pty. Limited	078 448 512
Point Pty. Limited	009 643 501
Realtime Reporters Pty. Limited	009 371 055
Seven Custodians Pty. Limited	089 327 551
Seven Entertainment Pty. Limited	085 598 429
Seven Finance Pty. Limited	115 082 196
Seven Media Group Pty. Limited	116 850 607
Seven (National) Pty. Limited	153 299 159
Seven Network (United States) Inc	N/a
Seven Network Limited	052 816 789
Seven Network Nominees Pty. Limited	060 667 861
Seven Network Investments Pty. Limited	078 267 759
Seven Network International LimitedSGH Productions Pty. Limited	065 640 075091 398 471
Seven Resources Pty. Limited	093 422 032
Seven (WAN) Pty. Limited	122 263 129
SGH Communications Pty. Limited	063 582 990
SGH Energy (No 1) Pty Limited	168 933 355
SGH Energy (No 2) Pty Limited	168 935 644
SMG Executives Pty. Limited	128 792 003
SMG FINCO Pty. Limited	122 728 321
SNZ Pty. Limited	124 503 028
Specialised Investments Pty Limited	163 941 884
Tallglen Pty. Limited	058 439 786
WesTrac Holdings Pty. Limited	009 336 109
SGH Energy Pty Limited	058 818 278
SGH Energy Aust. Pty Limited	090 835 608
SGH Energy Corporate Pty Limited	123 237 712
SGH Energy NTP66 Pty Limited	123 243 470
SGH Energy Services Pty Limited	113 220 670
SGH Energy VICP56 Pty Limited	125 036 142
SGH Energy WA377P Pty Limited	123 243 274
SGH Energy WA Pty Limited	113 911 274
SGH Energy NV Pty Limited	124 180 070
SGH Energy VICP54 Pty Limited	108 405 009

All companies listed above have a registered office located at Level 2, 38 – 42 Pirrama Road, Pyrmont, NSW, 2009 except Seven Network (United States) Inc: 1013 Centre Road, City of Wilmington, Delaware, USA

Entity	ACN
Allight Holdings Pty. Ltd	070 926 555
AllightPrimax FZCO	N/a
AllightSykes Pty. Ltd	053 434 807
Allight Sykes SA (Proprietary) Limited	N/a
EMT Group Pty. Limited	100 871 592
FGW Pacific Pty. Ltd	085 531 353
Liaoning WesTrac Machinery Equipment Limited (incorporated in China)	N/a
Mining Equipment Spares Pty. Ltd	133 869 191
National Hire Facilitation Pty. Limited	128 890 442
National Hire Group Limited	076 688 938
Priority People Solutions Pty. Ltd	147 979 548
PT Allightsykes	N/a
Primax USA Inc (incorporated in the USA)	N/a
Pump Rentals Pty. Ltd	057 090 561
Sitech (Beijing) Engineering Technology Development
Company Limited (incorporated in China)	N/a
Sitech Solutions Pty. Limited	137 343 090
Sitech (WA) Pty. Ltd	139 286 454
Sykes Group Pty. Limited	004 093 752
Sykes Fleet Services Pty. Limited	074 656 027
Sykes New Zealand Limited (incorporated in New Zealand)	N/a
Tianjin WesTrac Machinery Equipment Limited (incorporated in China)	N/a
Weishan (Beijing) Machinery Equipment Ltd (incorporated in China)	N/a
WesTrac (Beijing) Machinery Equipment Limited (incorporated in China)	N/a
WesTrac China Limited (incorporated in Hong Kong)	N/a
WesTrac (China) Machinery Equipment Limited (incorporated in China)	N/a
WesTrac Fleet Pty. Ltd	009 413 325
WesTrac Hong Kong Limited (incorporated in Hong Kong)	N/a
WesTrac Inventory Pty. Ltd	094 801 573
WesTrac Pty. Ltd	009 342 572
WesTrac Machinery Distribution Pty Limited	155 500 413

All companies registered in Australia listed above have a registered office located at 12 Hoskins Road, Landsdale, WA, 6065, except:

• WesTrac Inventory Pty Ltd, WesTrac Fleet Pty Ltd and Sitech (WA) Pty Ltd: 128 Great Eastern Highway, South Guildford, WA, 6055
• EMT Group Pty Ltd and Mining Equipment Spares Pty Ltd: 327 Victoria Road, Malaga, WA, 6090
• Priority People Solutions Pty Ltd: Level 2, 38 42 Pirrama Road, Pyrmont, NSW, 2009
• Sitech Solutions Pty Limited: 33 Allison Street, Bowen Hills, QLD, 4006
• Allight Sykes SA (Proprietary) Limited: 2 Eglin Road, Sunning Hill, South Africa, 2157
• PT Allightsykes: JI Proklamsi #38 RT 32, Balikpapan, Indonesia
• AllightPrimax FZCO: Plot No. S50119, Jebel Ali Free Zone South, Dubai, UAE