SILVER MINES LIMITED — Major Shareholding Notification 2016

Jun 30, 2016

604

Form 604 Corporations Act 2001
Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme		SILVER MINES LIMITED
ACN/ARSN	107 452 942
1. Details of substantial holder (1)
Name	Morgan Stanley and its subsidiaries listed in Annexure A
ACN/ARSN (if applicable) Not Applicable
There was a change in the interests of the substantial holder on		June 29, 2016
The previous notice was given to the company on		June 24, 2016
The previous notice was dated		June 21, 2016
The holder became aware on		July 1, 2016

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 Shares	27,333,334	8.03%	22.703.450	6.67%
		Based on 340,475,643 Ordinary Shares Outstanding		Based on 340,475,643 Ordinary Shares Outstanding

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 relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of Securities affected	Person's votes affected
6/23/2016	Stanley Morgan Australia Securities Limited	Sell	3,286.93	-21,206 Ordinary Shares	$-21.206$
6/23/2016	Stanley Morgan Australia Securities Limited	Sell	22,035.74	-129,622 Ordinary Shares	-129.622
6/23/2016	Stanley Australia Morgan Securities Limited	Sell	22.574.97	-136,818 Ordinary Shares	$-136.818$
6/23/2016	Stanley Morgan Australia Securities Limited	Sell	10,425.03	-63,182 Ordinary Shares	$-63.182$
6/23/2016	Stanley Moroan Australia Securities Limited	Sell	32,000.00	-200,000 Ordinary Shares	$-200.000$
6/24/2016	Morgan Stanley Australia Securities Limited	Sell	67,500.00	-500,000 Ordinary Shares	-500.000
6/24/2016	Stanley Australia Morgan Securities Limited	Sell	62.438.74	-445,991 Ordinary Shares	-445.991
6/24/2016	Stanley Morgan Australia Securities Limited	Sell	7.561.26	-54,009 Ordinary Shares	-54.009
6/27/2016	Morgan Stanley Australia Securities Limited	Sell	4.893.84	-34.956 Ordinary Shares	-34,956

6/27/2016	Australia Stanley Morgan Securities Limited	Sell	29.030.94	-215 044 Ordinary Shares	$-215,044$
6/27/2016	Australia Stanley Morgan Securities Limited	Sell	4.066.62	-29.056 Ordinary Shares	$-29.056$
6/28/2016	Australia Stanley Morgan Securities Limited	Sell	1 734.20	-11.960 Ordinary Shares	-11,960
6/28/2016	Australia Stanley Morgan Securities Limited	Sell	27,265.80	-188.040 Ordinary Shares	$-188,040$
6/28/2016	Australia Stanley Morgan Securities Limited	Sell	60.000.00	-400.000 Ordinary Shares	$-400.000$
6/28/2016	Australia Stanley Morgan Securities Limited	Sell	30,000,00	-200.000 Ordinary Shares	$-200.000$
6/29/2016	Australia Stanley Morgan Securities Limited	Sell	319,043.68	-1,994,023 Ordinary Shares	$-1,994,023$
6/29/2016	Australia Stanley Morgan Securities Limited	Sell	956.32	-5,977 Ordinary Shares	$-5,977$

4. Present relevant interests

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

$\mathbb{R}^2$

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Morgan Stanley Australia Securities lLimited	Morgan Stanley Australia Securities (Nominee) Pty Limited	Not Applicable	Shares held or in respect of which the holder Imay exercise control over disposal in the ordinary course of sales and trading businesses.	22,703,450 Ordinary Shares	22.703.450
Each of the entities (as llisted in Annexure A) in the Morgan Stanley group upstream of the labove entity			The above entity is a body corporate that each Shares (N.B.: Total of upstream entity controls and therefore has the the above direct relevant interests that the above entity has.	[22,703,450 Ordinary linterest)	22,703,450

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:

$\ddot{\phantom{a}}$

Name and ACN/ARSN (if applicable)	Nature of association
Not applicable	Not applicable

6. Addresses

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

Name	Address
Morgan Stanley	1585 Broadway, New York 10036, USA
Morgan Stanley Australia Securities Limited	Level 39 Chifley Tower, 2 Chifley Square, Sydney NSW 2000, Australia

Signature

	print name Annie Gong	capacity	Executive Director
sign here		date	July 1, 2016

Annexure A

List of Morgan Stanley and its subsidiaries that have a relevant interest or deemed to have a relevant interest in the shares or units stated in Section 4.

Name
Morgan Stanley
--Morgan Stanley International Incorporated
According Morgan Stanley (Australia) Securities Holdings Pty Limited
-Morgan Stanley Australia Securities Limited

Signature

	print name Annie Gong	capacity	Executive Director
sign here	٠	date	July 1, 2016
v

DIRECTIONS

• 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 trust), the names could be included in an ann $(1)$ set out in paragraph 7 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a $(5)$ relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• $(7)$ Include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document
  setting out the terms of any relevant agreement, and a statement by the perso $(a)$
• 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 $(b)$ 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.

• 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." $(8)$
• Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest was acquired has, or may, $(2)$ 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.

GUIDE

This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 604.

Signature				This form must be signed by either a director or a secretary of the substantial holder.
Lodging period	Nil
Lodging Fee	Nil
Other forms to be completed	Nil
Additional information	(a)			If additional space is required to complete a question, the information may be included on a separate piece of paper annexed to the form.
	(b)			This notice must be given to a listed company, or the responsible entity for a listed managed investment scheme. A copy of this notice must also be given to each relevant securities exchange.
	(c)			The person must give a copy of this notice:
		(i)		within 2 business days after they become aware of the information; or
		(i)		by 9.30 am on the next trading day of the relevant securities exchange after they become aware of the information if:
			(A)	a takeover bid is made for voting shares in the company or voting interests in the scheme; and
			(B)	the person becomes aware of the information during the bid period.
Annexures	1 3 4 5 6.			To make any annexure conform to the regulations, you must use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides 2 show the corporation name and A.C.N or ARBN number the pages consecutively print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopied identify the annexure with a mark such as A, B, C, etc. endorse the annexure with the words: This is annexure (mark) of (number) pages referred to in form (form number and title) 7 sign and date the annexure. The annexure must be signed by the same person(s) who signed the form.

Information in this guide is intended as a guide only. Please consult your accountant or solicitor for further advice.

$\label{eq:2.1} \frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac{1}{\sqrt{2}}\sum_{i=1}^n\frac$

$\label{eq:2.1} \mathcal{L}(\mathcal{L}^{\mathcal{L}}{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}{\mathcal{L}})) \leq \mathcal{L}(\mathcal{L}^{\mathcal{L}}{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}{\mathcal{L}}))$

$\label{eq:2.1} \frac{1}{\sqrt{2}}\int_{0}^{\infty}\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^{2}e^{-\frac{1}{2}}\left(\frac{1}{\sqrt{2}}\right)^{2}e^{-\frac{1}{2}}\left(\frac{1}{\sqrt{2}}\right)^{2}e^{-\frac{1}{2}}\left(\frac{1}{\sqrt{2}}\right)^{2}e^{-\frac{1}{2}}\left(\frac{1}{\sqrt{2}}\right)^{2}e^{-\frac{1}{2}}\left(\frac{1}{\sqrt{2}}\right)^{2}e^{-\frac{1}{2}}\left(\frac{1}{\sqrt{2}}\right)^{2}e^{ \label{eq:2.1} \frac{1}{\sqrt{2}}\int_{0}^{\infty}\frac{1}{\sqrt{2\pi}}\left(\frac{1}{\sqrt{2\pi}}\right)^{2\alpha} \frac{1}{\sqrt{2\pi}}\int_{0}^{\infty}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\int_{0}^{\infty}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{$

$\label{eq:2.1} \frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt{2\pi}}\frac{1}{\sqrt$