STRIKE RESOURCES LIMITED — Major Shareholding Notification 2009

Feb 19, 2009

MALLESONS STEPHEN JAQUES

20 February 2009

Mr Victor P. H. Ho Company Secretary Strike Resources Limited Level 14 The Forrest Centre 221 St George's Terrace PERTH WA 6000 Fax (08) 9322 1515

Company Announcements Office Australian Stock Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Fax 1300 135 638

Dear Sirs

Notice of ceasing to be a substantial holder - Strike Resources Limited

We act for GLG Partners LP.

Please find attached an ASIC Form 605 issued by GLG Partners LP under Part 6C.1 of the Corporations Act 2001 (Cwith) in relation to shares in Strike Resources Limited (ACN 088 488 $724$ ).

Yours sincerely

Tennie Tam Solicitor Direct line +61 2 9296 2831 Email tennie.tam@mallesons.com

Meredith Paynter Partner Direct line +61 2 9296 2277

T +61 2 9296 2000 F+612 9296 3999

605 page 1/2 15 July 2000

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Strike Resources Limited
ACN/ARSN	088 488 724
1. Details of substantial holder (1)
Name	GLG Partners LP
ACN/ARSN (if applicable)	Asset Manager established in England, UK
The holder ceased to be asubstantial holder on	11/02/2009
The previous notice was given to the company on	19/08/2008
The previous notice was dated	19/08/2008

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 ofchange	Person whose relevantinterest changed	Nature ofchange (4)	Considerationgiven in relationto changes (5)	Class (6) andnumber ofsecurities affected	Person's votesaffected
	See Annexure A

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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..
NíA
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4. Addresses

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

Name	Address
GLG Partners LP	One Curzon Street, London W1J 5HB
CASAM GLG European Equity Market Neutral Fund Limited	One Curzon Street, London W1J 5HB
CASAM GLG European Long-Short Fund Limited	One Curzon Street, London W1J 5HB
GLG European Long-Short (Special Assets) Fund	One Curzon Street, London W1J 5HB
GLG Global Mining Fund	One Curzon Street, London W1J 5HB
Pilsudski Fund Limited	One Curzon Street, London W1J 5HB

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Signature

print name

mainne Mangeal capacity

sign here

Date $1\frac{7}{7}102109$

605 page 2/2 15 July 2000

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 $(1)$ an equily 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 4 of the form.
• $(2)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(3)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $\left( 4\right)$ 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 $(a)$ 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.

• $(5)$ 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.
• The voting shares of a company constitute one class unless divided into separate classes. $(6)$
• $(7)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure A

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This is Annexure A of 3 pages referred to in Form 605 Notice of ceasing to be a substantial holder

	and the continue that the continue and a continue of the company of the continue of the continue of the continue of the continue of the continue of the continue of the continue of the continue of the continue of the contin
Signed	the first contract and a part of the		Print name: DANIEL JOHNSC٦N______________________
Capacity:	COMPLIANCE MANAGER______________________________________	Pated	------------na$\sim$

Strike Resources Limited (ACN 088 488 724)

Date	Person whose relevant interest changed	Nature ofChange	Consideration	Numberof shares
6/08/08	CASAM GLG European Equity Market Neutral Fund Ltd	Purchase	$-$13,236$	6546
6/08/08	GLG European Long-Short (Special Assets) Fund	Purchase	$- $69,808$	34524
6/08/08	GLG European Long-Short (Special Assets) Fund	Purchase	$- $69,808$	34524
6/08/08	CASAM GLG European Long-Short Fund Limited	Purchase	$-1,658$	820
6/08/08	Pilsudski Fund Limited	Purchase	$-$13,022$	6440
6/08/08	GLG Global Mining Fund	Purchase	$-$139,583$	69032
7/08/08	GLG European Long-Short (Special Assets) Fund	Purchase	$-$114,337$	56396
7/08/08	Pilsudski Fund Limited	Purchase	$-$21,328$	10520
7/08/08	CASAM GLG European Equity Market Neutral Fund Ltd	Purchase	$-$21,681$	10694
7/08/08	GLG Global Mining Fund	Purchase	$-$228,626$	112768
7/08/08	CASAM GLG European Long-Short Fund Limited	Purchase	$-52,717$	1340
7/08/08	GLG European Long-Short (Special Assets) Fund	Purchase	$-$114,337$	56396
8/08/08	GLG European Long-Short (Special Assets) Fund	Purchase	$-$66,155$	33294
8/08/08	GLG European Long-Short (Special Assets) Fund	Purchase	$-$ $66,155	33294
8/08/08	CASAM GLG European Long-Short Fund Limited	Purchase	$-$1,572$	791
8/08/08	Pilsudski Fund Limited	Purchase	$-$12,341$	6211
8/08/08	CASAM GLG European Equity Market Neutral Fund Ltd	Purchase	$-$12,544$	6313
8/08/08	GLG Global Mining Fund	Purchase	$-$132,285$	66575
11/08/08	GLG Global Mining Fund	Purchase	$-$127,576$	65565
11/08/08	CASAM GLG European Equity Market Neutral Fund Ltd	Purchase	$-$12,099$	6218
11/08/08	Pilsudski Fund Limited	Purchase	$-$11,902$	6117
11/08/08	CASAM GLG European Long-Short Fund Limited	Purchase	$-$1,516$	779
11/08/08	GLG European Long-Short (Special Assets) Fund	Purchase	$-$ $63,805	32791
11/08/08	GLG European Long-Short (Special Assets) Fund	Purchase	$- $63,805$	32791
12/08/08	GLG Global Mining Fund	Purchase	$-$128,868$	67049
12/08/08	CASAM GLG European Equity Market Neutral Fund Ltd	Purchase	$-$12,220$	6358
12/08/08	Pilsudski Fund Limited	Purchase	$-$12,022$	6255
12/08/08	CASAM GLG European Long-Short Fund Limited	Purchase	$-$1,532$	797
12/08/08	GLG European Long-Short (Special Assets) Fund	Purchase	$-$ $64,449	33532
12/08/08	GLG European Long-Short (Special Assets) Fund	Purchase	-$64,449	33532
13/08/08	GLG Global Mining Fund	Purchase	$-$250,247$	133344
13/08/08	CASAM GLG European Equity Market Neutral Fund Ltd	Purchase	$-$23,731$	12645
13/08/08	Pilsudski Fund Limited	Purchase	$-$23,346$	12440
13/08/08	CASAM GLG European Long-Short Fund Limited	Purchase	$-$2,973$	1584
13/08/08	GLG European Long-Short (Special Assets) Fund	Purchase	$-$125,150$	66686
13/08/08	GLG European Long-Short (Special Assets) Fund	Purchase	$-$125,150$	66686
4/09/08	GLG European Long-Short (Special Assets) Fund	Purchase	$- $3,520,228$	2607576
4/09/08	GLG European Long-Short (Special Assets) Fund	Sale	$3,520,228	-2607576
11/09/08	Pilsudski Fund Limited	Sale	$349,817	-320933

Date	Person whose relevant interest changed	Nature ofChange	Consideration	Numberof shares
11/09/08	GLG European Long-Short (Special Assets) Fund	Sale	$1,293,821	-1186992
11/09/08	GLG European Long-Short (Special Assets) Fund	Sale	$2,842,258 -2607576
11/09/08	CASAM GLG European Long-Short Fund Limited	Sale	$45,432	$-41681$
11/09/08	Pilsudski Fund Limited	Purchase	$-$349,817$	320933
11/09/08	GLG European Long-Short (Special Assets) Fund	Purchase	$-$1,293,821$	1186992
11/09/08	GLG European Long-Short (Special Assets) Fund	Purchase	$-$2,842,258$	2607576
11/09/08	CASAM GLG European Long-Short Fund Limited	Purchase	$-$45,432$	41681
16/09/08	CASAM GLG European Equity Market Neutral Fund Ltd	Sale	$33,780	$-36128$
19/09/08	GLG European Long-Short (Special Assets) Fund	Sale	$2,242,515 -2607576
19/09/08	GLG European Long-Short (Special Assets) Fund	Sale	$1,020,813 -1186992
19/09/08	GLG European Long-Short (Special Assets) Fund	Purchase	$-$1,020,813$	1186992
19/09/08	GLG European Long-Short (Special Assets) Fund	Purchase	$-$2,242,515$	2607576
1/10/08	CASAM GLG European Long-Short Fund Limited	Purchase	$-$27,509$	41681
1/10/08	CASAM GLG European Long-Short Fund Limited	Sale	$27,509	$-41681$
1/10/08	GLG Global Mining Fund	Purchase	$-$1,903,264$	2883734
1/10/08	GLG Global Mining Fund	Sale	$1,903,264	-2883734
1/10/08	Pilsudski Fund Limited	Purchase	$- $211,816$	320933
1/10/08	Pilsudski Fund Limited	Sale	$211,816	-320933
22/10/08	CASAM GLG European Equity Market Neutral Fund Ltd	Sale	$38,193	$-102505$
22/10/08	Pilsudski Fund Limited	Sale	$28,846	$-77417$
22/10/08	CASAM GLG European Long-Short Fund Limited	Sale	$5,314	$-14261$
31/10/08	GLG Global Mining Fund	Sale	$88,707	-179933
31/10/08	Pilsudski Fund Limited	Sale	$723	$-1467$
31/10/08	GLG European Long-Short (Special Assets) Fund	Sale	$593,496 -1186992
31/10/08	GLG European Long-Short (Special Assets) Fund	Sale	$1,303,788 -2607576
31/10/08	GLG European Long-Short (Special Assets) Fund	Purchase	$-$1,303,788$	2607576
31/10/08	GLG European Long-Short (Special Assets) Fund	Purchase	-$593,496	1186992
3/11/08	GLG Global Mining Fund	Sale	$34,305	-72989
3/11/08	Pilsudski Fund Limited	Sale	$287	$-611$
3/11/08	CASAM GLG European Equity Market Neutral Fund Ltd	Sale	$32,094	-68607
3/11/08	CASAM GLG European Long-Short Fund Limited	Sale	$4,465	$-9544$
3/11/08	GLG Global Mining Fund	Purchase	-$113,815	252922
3/11/08	GLG Global Mining Fund	Sale	$113,815	-252922
4/11/08	GLG Global Mining Fund	Sale	$3.178	$-7062$
4/11/08	Pilsudski Fund Limited	Sale	$27	$-60$
4/11/08	CASAM GLG European Equity Market Neutral Fund Ltd	Sale	$20,728	$-49481$
4/11/08	CASAM GLG European Long-Short Fund Limited	Sale	$2,883	-6883
5/11/08	CASAM GLG European Equity Market Neutral Fund Ltd	Sale	$32,472	$-79007$
5/11/08	CASAM GLG European Long-Short Fund Limited	Sale	$4,518	$-10993$
6/11/08	GLG Global Mining Fund	Sale	$999,709 -2630812
6/11/08	GLG Global Mining Fund	Purchase	-$999,709	2630812
17/11/08	CASAM GLG European Equity Market Neutral Fund Ltd	Purchase	$-$8,884$	24122
18/11/08	CASAM GLG European Equity Market Neutral Fund Ltd	Purchase	$-512,597$	34185
19/11/08	CASAM GLG European Equity Market Neutral Fund Ltd	Purchase	-$14.775	41293
20/11/08	CASAM GLG European Equity Market Neutral Fund Ltd	Purchase	$-$ $8,995	27599
21/11/08	CASAM GLG European Equity Market Neutral Fund Ltd	Purchase	$- $9,501$	32185
24/11/08	CASAM GLG European Equity Market Neutral Fund Ltd	Purchase	-$10,596	35216
25/11/08	CASAM GLG European Equity Market Neutral Fund Ltd	Purchase	$-$4,601$	15000

Date	Person whose relevant interest changed	Change	Nature of Consideration	Numberof shares
26/11/08	CASAM GLG European Equity Market Neutral Fund Ltd	Purchase	$-$16,923$	54784
9/12/08	GLG Global Mining Fund	Sale	$20,359	$-75403$
9/12/08	CASAM GLG European Equity Market Neutral Fund Ltd	Sale	$2,325	$-8610$
9/12/08	GLG European Long-Short (Special Assets) Fund	Sale	$9,210	$-34112$
9/12/08	Pilsudski Fund Limited	Sale	$1,873	$-6937$
9/12/08	GLG European Long-Short (Special Assets) Fund	Sale	$20,233	$-74938$
10/12/08	CASAM GLG European Equity Market Neutral Fund Ltd	Sale	$2,400	$-8610$
10/12/08	GLG Global Mining Fund	Sale	$21,022	$-75403$
10/12/08	Pilsudski Fund Limited	Sale	$1,934	$-6937$
10/12/08	GLG European Long-Short (Special Assets) Fund	Sale	$20,893	$-74938$
10/12/08	GLG European Long-Short (Special Assets) Fund	Sale	$9,510	$-34112$
11/12/08	Pilsudski Fund Limited	Sale	$3,118	$-11135$
	11/12/08 CASAM GLG European Equity Market Neutral Fund Ltd	Sale	$3,870	$-13821$
11/12/08	GLG European Long-Short (Special Assets) Fund	Sale	$15,332	$-54756$
11/12/08	GLG European Long-Short (Special Assets) Fund	Sale	$33,681	$-120288$
12/12/08	GLG European Long-Short (Special Assets) Fund	Sale	$10,089	$-33463$
12/12/08	Pilsudski Fund Limited	Sale	$2,052	$-6805$
12/12/08	CASAM GLG European Equity Market Neutral Fund Ltd	Sale	$2,546	$-8446$
12/12/08	GLG Global Mining Fund	Sale	$23,449	$-77774$
	12/12/08 GLG European Long-Short (Special Assets) Fund	Sale	$22,164	$-73512$
15/12/08	GLG Global Mining Fund	Sale	$23,550	-77774
15/12/08	CASAM GLG European Equity Market Neutral Fund Ltd	Sale	$2,557	$-8446$
15/12/08	Pilsudski Fund Limited	Sale	$2,061	$-6805$
15/12/08	GLG European Long-Short (Special Assets) Fund	Sale	$10,133	-33463
15/12/08	GLG European Long-Short (Special Assets) Fund	Sale	$22,259	$-73512$
17/12/08	GLG European Long-Short (Special Assets) Fund	Sale	$7,827	$-25247$
17/12/08	Pilsudski Fund Limited	Sale	$1,592	$-5134$
17/12/08	CASAM GLG European Equity Market Neutral Fund Ltd	Sale	$1,699	$-5481$
17/12/08	GLG Global Mining Fund	Sale	$18,190	-58677
17/12/08	GLG European Long-Short (Special Assets) Fund	Sale	$17,193	$-55461$
6/01/09	GLG Global Mining Fund	Sale	$74,930	-195895
7/01/09	GLG Global Mining Fund	Sale	$49,763	-126239
11/02/09	Pilsudski Fund Limited	Sale	$1,105	$-3624$
11/02/09	GLG Global Mining Fund	Sale	$10,834	$-35521$
11/02/09	GLG European Long-Short (Special Assets) Fund	Sale	$5,437	$-17826$
11/02/09	GLG European Long-Short (Special Assets) Fund	Sale	$11,944	$-39159$
11/02/09	CASAM GLG European Equity Market Neutral Fund Ltd	Sale	$1,180	$-3870$

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