STELLAR RESOURCES LIMITED — Major Shareholding Notification 2017

Mar 21, 2017

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Stellar Resources Limited
ACN/ARSN	108 758 961
1. Details of substantial holder(1)
NameACN/ARSN (if applicable)	Capetown S.A.
There was a change in the interests of thesubstantial holder on	10/03/2017
The previous notice was given to the company onThe previous notice was dated	09/04/201409/04/2014

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) $\frac{1}{3}$ in when last required, and

Class of securities (4)	Previous notice
	Person's votes	Voting power (5)	Person's votes!	Voting power (5)
Ordinary Fully Paid	62,382,221	- 20.78%	62.382.221	16.66%

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 thesubstantial holder was last required to give

Date ofchange	Person whoserelevant interestchanged	Nature ofchange $(6)$	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
	10/03/2017 Capetown S.A.	Dilution resultingfrom Issue ofShares	N/A	IN/A	N/A

4. Present relevant interests

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

Holder ofrelevantinterest	Recisteredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes
	Capetown S.A Capetown S.A	Capetown S.A.	Owner	Ordinary FullyPaid	62,382,221
				62,382,221

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

6. Addresses

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

Name	Address
Capetown S.A.	19 Rue Aldringen, L-1118, Luxembourg

Signature

$-$print name	Jacques RECKINGER	Board Hembercapacity
sign here		date $03/17/2017$
	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 anequity trust), the names could be included in an ann $(1)$ 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:
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of anydocument setting out the terms of any relevant agreement, and a statemen $(a)$
  • 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 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.

• $(7)$ 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, becom'e included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if the happening or not of a contingency. Details must be included of any benefit paid on behalf of th the relevant interest was acquired.
• 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". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$