SILVER MINES LIMITED — Major Shareholding Notification 2016

Jun 22, 2016

603 page 1/2 15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme

SILVER MINES LTD

ACN/ARSN

107 452 942

1. Details of substantial holder (1)

Name BlackRock Group (BlackRock Inc. and subsidiaries named in Annexures

ACN/ARSN (if applicable) to this form)

The holder became a substantial holder on

21 06 / / 2016

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
ord	41,800,000	41,800,000	12.27

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

llows:
Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Annexure A

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant Registered holder of Person entitled to be Class and number interest securities registered as holder (8) of securities see Annexure A

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		Cash	Non-cash
see Annexure B

603 page 2/2 15 July 2001

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

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Name and ACN/ARSN (if applicable) Nature of association
see Annexure A
7. Addresses
The addresses of persons named in this form are as follows:
Name Address
see Annexure C
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Signature

print name Kayla McGrory capacity Authorised Signatory* sign here date 23 / 06 / 2016

• At a meeting of the Board on 22 November 2013, the Directors resolved to approve the delegation of the preparation and lodgement of substantial shareholder notices on behalf of BlackRock Investment Management (Australia) Limited. 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 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 7 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (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 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 relevant interest in.

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

• (7) Include details of:

• (a) 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 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.

• (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) 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 the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

This is Annexure A of 1 pages referred to in form 603 Notice of initial substantial shareholder

23-Jun-16 Kayla McGrory, Date Authorised Signatory

Annexure A

3. Details of Relevant Interests

4. Details of present registered holders

6. Associates

Holder of Relevant
Interests Name and ACN / ARSN (if	Nature of Relevant Interest	Registered Holder of Securities	Person entitled to be registered as holder	Class and number of Securities		Person's votes	Nature of Association
applicable)
BlackRock (Isle of Man)	Power to control the exercise of a right to vote attached to	BNP-BNP PARIBAS		ord	3,872,000	3,872,000	subsidiary of
Limited	securities and/or the power to dispose of securities as	JERSEY					BlackRock Inc.
	investment manager or trustee.
BlackRock International	Power to control the exercise of a right to vote attached to	BNYM-ABN AMRO		ord	19,300,000	19,300,000	subsidiary of
Limited	securities and/or the power to dispose of securities as	MELLON - AMSTERDAM					BlackRock Inc.
	investment manager or trustee.
BlackRock Investment	Power to control the exercise of a right to vote attached to	BNYM-BONY EUROPE -		ord	14,650,000	14,650,000	subsidiary of
Management (UK) Limited	securities and/or the power to dispose of securities as	LONDON					BlackRock Inc.
	investment manager or trustee.
BlackRock Investment	Power to control the exercise of a right to vote attached to	BOA-MERRILL LYNCH		ord	1,978,000	1,978,000	subsidiary of
Management (UK) Limited	securities and/or the power to dispose of securities as	INTL PRIME BROKER -					BlackRock Inc.
	investment manager or trustee.	NEW YORK
BlackRock Investment	Power to control the exercise of a right to vote attached to	JPM-JP MORGAN CHASE		ord	2,000,000	2,000,000	subsidiary of
Management (Australia)	securities and/or the power to dispose of securities held in	- NEW YORK					BlackRock Inc.
Limited	its capacityas responsible entity.

SVL

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Annexure B

This is Annexure B of 1 pages referred to in form 603 Notice of initial substantial shareholder

23-Jun-16

Kayla McGrory, Authorised Signatory

Date

5. Consideration

SILVER MINES	LTD (SVL)
Holder of Relevant Interest Date of Acquisition / Trans on a prescribed fin'l mkt	Cash Non-cash Person's votes affected Consideration Class and number of securities affected
BlackRock Investment Management (UK) Limited 21-Jun-16 yes	0.15 Placement ord 1,978,000 1,978,000
BlackRock(Isle of Man)Limited 21-Jun-16 yes	0.15 Placement ord 3,872,000 3,872,000
BlackRock Investment Management (Australia) Limited 21-Jun-16 yes	0.15 Placement ord 2,000,000 2,000,000
BlackRock Investment Management (UK) Limited 21-Jun-16 yes	0.15 Placement ord 14,650,000 14,650,000
BlackRock International Limited 21-Jun-16 yes	0.15 Placement ord 19,300,000 19,300,000

SVL

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Annexure C

This is Annexure C of 1 page referred to in form 603 Notice of initial substantial shareholder

23-Jun-16

Kayla McGrory, Date Authorised Signatory

7. Addresses

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

Name	Address
BlackRock Group
BlackRock Inc.	55 East 52nd Street
	New York NY 10055 USA
BlackRock (Isle of Man) Limited	Atlantic House
	3rdFloor, 4-8 Circular Road
	Douglas Isle of Man,IM1 1AG
BlackRock International Limited	Exchange Place One,
	1 Semple Street,
	Edinburgh, EH3 8BL,
	United Kingdom(Scotland, United Kingdom)
BlackRock Investment Management (Australia) Limited	Level 26, 101 Collins Street
	Melbourne VIC 3000
	Australia(Victoria,Australia)
BlackRock Investment Management (UK) Limited	12 Throgmorton Avenue
	London EC2N 2DL
	United Kingdom

SVL

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