ST GEORGE MINING LIMITED — Major Shareholding Notification 2013

May 8, 2013

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	St George Mining Limited
ACN/ARSN	139 308 973
1. Details of substantial
holder(1)
Name	John Prineas
ACN/ARSN (if applicable)
There was a change in the interests of the substantial
holder on	08/05/2013
The previous notice was given to the company on	18/11/2011
The previous notice was dated	18/11/2011

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:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Fully paid ordinary shares	10,104,221	16.04%	10,214,221	14.19%

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 are as follows:

Date of change	Person whoserelevant interestchanged	Nature of change(6)	Consideration givenin relation to change(7)	Class and number ofsecurities affected	Person'svotesaffected
30 December 2011	Zeus Private EquityPty Ltd	On-Market	$3,994	30,000 Fully PaidOrdinary Shares	0.048%
3 July 2012	John Prineas	On-Market	$3,399	60,000 Fully PaidOrdinary Shares	0.095%
6 July 2012	John Prineas	On-Market	$1,133	20,000 Fully PaidOrdinary Shares	0.032%
October 2012 – May2013	John PrineasZeus Private EquityPty LtdZeus Super Pty Ltd<zeus fund<br="" super="">a/C>	Dilution ofInterest	N/A	N/A	-2.018%

4. Present relevant interests

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

Holder of relevant	Registered holder of	Person entitled to be	Nature of relevant	Class and	Person's
interest	securities	registered as holder (8)	interest (6)	number of	votes
				securities
John Prineas	John Prineas	John Prineas	Legal and beneficial	9,189,021 Fully Paid Ordinary	12.77%
			holder	Shares
Zeus Private Equity	Zeus Private Equity	Zeus Private Equity Pty	Legal and beneficial	821,200 Fully Paid Ordinary	1.14%
Pty Ltd	Pty Ltd	Ltd	holder	Shares
Zeus Super Pty Ltd	Zeus Super Pty Ltd	Zeus Super Pty Ltd	Legal and beneficial	204,000,000 Fully Paid Ordinary	0.28%
<zeus fund<="" super="" td=""><zeus fund<="" super="" td="">holderShares	<zeus fund<="" super="" td="">holderShares		holder	Shares
A/C>	A/C>

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/ARSN (if applicable)	Nature of association
N/A

6. Addresses

The addresses of persons named in this form are:

Name	Address
John Prineas	43 Badgery Avenue, Homebush, NSW 2140
Zeus Private Equity Pty Ltd	GPO Box 5322, Sydney, NSW 2001
Zeus Super Pty Ltd	GPO Box 5322, Sydney, NSW 2011

Signature

print name John Prineas capacity Director sign here date 9 May 2013

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 6 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 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 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.

• (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 the acquisitions, 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 identify 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.