STRIKE RESOURCES LIMITED — Major Shareholding Notification 2011

Dec 11, 2011

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By facsimile transmission 1300 135 638 $Total - 5 pages including this page$

Company Announcements Platform ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

CLIFFORD CHANCE

LEVEL 12, LONDON HOUSE 218 ST GEORGES TERRACE PERTH, WESTERN AUSTRALIA 6000

TEL +618 9262 5555 FAX +618 9262 5522 www.cliffordchance.com

Our ref: 0256 Direct Dial: +61 8 9262 5504 E-mail: paul.vinci@cliffordchance.com

9 December 2011

Dear Sir/Madam

Strike Resources Limited ABN 94 088 488 724

We act for Gallagher Holdings Limited.

On behalf of Gallagher, we enclose a notice of change of interests of substantial holder (dated 6 December 2011) in respect of Gallagher's interest in Strike Resources Limited.

Yours faithfully

Clifford Chance

Clifford Chance Contact: Paul Vinci, Partner

Enclosure

CLIFFORD CHANCE IS A LAW FIRM WITH LIABILITY LIMITED BY A SCHEME APPROVED UNDER PROFESSIONAL STANDARDS LEGISLATION.

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604 page 1/3 15 July 2001

Form 604

Corporations Act 2001Section 671B

Notice of change of interests of substantial holder

To Company Name/SchemeStrike Resources Limited ("Strike")
ACN/ARSN	ABN 94 088 488 724
1. Details of substantial holder (1)
Name	(together "Gallagher")	Galiagher Holdings Limited and the other entitles referred to in item 6 below
ACN/ARSN (if applicable)	Gallagher Holdings Limited is incorporated in Gyprus with company numberHE 133001
There was a change in the interests of thesubstantial holder on05/12/11
The previous notice was given to the company on		04/03/08
The previous notice was dated		02/03/09
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 substantialholder or an associate (2) had a relevant interest (3) in when lest required, and when now required, to give a substantiel 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)
Ordinary shares	25,825,909	19.86%	25,825,000	18.12%

1. Changes in relevant interestsParticulars of each change in, or change in the nature of, a related interest of the substantial holder or an associate in votingsecurities of the company or scheme, since the substantial

Date of change	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change $(7)$	Class andnumber ofsecuritiesaffected	Person's votesaffected
See Annexure Al	Gallagher	Acquisitionsand disposalsof shares onmarket	iSee Annexure AiSee Annexure AiSee Annexure Al

09/12/2011

(FAX)+61892625522

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004 page 2/3 15 July 2001

Holder ofreleventInterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantInterest (6)	Class andnumber ofsecurities	Parson's votes
GallagherHoldingsLimited	ANZ NomineesLimited	GallagherHoldingsLimited	Pursuant tosection 608(1)of theCorporationsAct 2001(Cwith).	18,068,086ordinary shares	18,068,086
GallagherHoldingsLimited	NefcoNominees PtyLtd or personsfrom whom ithas boughtshares onmarket$($ "NNPL" $)$	GallagherHoldingsLimited	Pursuant toand/or 608(8) oftheCorporationsAct	7,756,914sections 608(1) ordinary shares	7,756,914
AlisherUsmanov	ANZ NominessLimited andNNPL	GallagherHoldingsLimited	Taken undersection 608(3)of theCorporationsAct to have arelevantinterest byreason ofhaving votingpower above20% in, andcontrol of.GallagherHoldingsLimited	25,825,000ordinary shares	25.825,000
Wolff Steel Ltd.	ANZ NomineesLimited andNNPL	GallagherHoldingeLimited	Associate ofGallagherHoldingsLimited	26,825,000ordinary shares	25,825,000
Epion Holdings ANZ NomineesLimited	Limited andNNPL	GallagherHoldingsLimited	Associate ofGallagherHoldingsLimited	26,826,000ordinary shares	26,825,000
CortlandTrading Limited	ANZ NomineesLimited andNNPL	GallagherHoldingsLimited	Associate ofGallagherHoldingsLimited	25,825,000 ordinary shares	25,826,000
Sam Invest Co.Limited	ANZ NomineeaLimited andNNPL	GallagherHoldingsLimited	Associate ofGallagherHoldingsLimited	25,825,000 ordinary shares	25,825,000
JSC HKMetallolnvest	ANZ NomineesLimited and -NNPL	GallagherHoldingsLimited	Associate ofGallagherHoldingsLimited	25,825,000ordinary shares	25,825,000

5, Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their sesociation (9)with, the substantial holder in relation to voting interests in the company or scheme are as fo

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

09/12/2011

604 page 3/3 15 July 2001

6. Addresses

of nectors porsed in this form are so follows: The addr

Name	Address
Gallagher Holdings Limited	205 Christodoulou Hadjipavlou Street, Loulloupis Court, 7 mFloor, 3036 Limassol, Cyprus
Allsher Usmanov	c/o Gallagher Holdings Limited, 205 ChristodoulouHadjipavlou Street, Loulloupis Court, 7 th Floor, 3036Limassol, Cyprus
Wolff Steel Ltd.	4 Curzon Square, W1J 7FW London, UK
(Epion Holdings Limited	Geneva Place, Water Front Drive, 3 rd Floor, Road Town, Tortola, British Virgin Islands 16 Agio Paviou Street, Ledra House, 1105 Agios Andreae,Nicosia, Cyprus
Cortland Trading Limited
Sam Invest Co. Limited	205 Christodoulou Hadjipaviou Street, Louiloupis Court, 7 thFloor, 3036 Limassol, Cyprus
iJSC HK Metalioinvest	Lesneya Street, 125337 Moscow, Russia
Signature
print name	Demetris Serghides / Director
sign here	date 6 December 2011

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 aspecifically named group if the membership of each group, with the names and addresses of members is cl in paragraph 6 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• Include details of: $(6)$
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If $(n)$ 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
  • any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the $(b)$ 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.
• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant $(7)$ Interest was ecquired has, or may, become entitled to receive in relation to that acquisition. Details must be includedeven if the benefit is conditioned on the happening or not of a contingency. Details must be included person from whom 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 $(8)$ option) write "unknown"
• $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

09/12/2011

ANNEXURE A

This is Annexure A of 1 page (including this page) referred to in Form 604, Notice of change of integests of substantial holder, given by Gallagher.

Dated:

Signed:

(6 December 2ेेेेेे्≬1

Demetris Serghides

Agent

Name:

Contract Date	Number bought	Number sold	Price	Total consideration
4 March 2009	100,000		0,315	31,500.00
23 April 2009		245,000	0.483	118,335.00
24 April 2009		120,000	0.459	55,080.00
27 April 2009		185,000	0.455	84,175.00
30 April 2009		125,386	0.460	57,677.56
I May 2009		34,614	0.470	16,268.53
4 May 2009	ä,	120,000	0.455	54,600.00
5 May 2009		85,000	0.470	39,950.00
6 May 2009		53,500	0.467	24,984.50
7 May 2009		74,409	0.468	34,786.21
9 May 2009		133,000	0.453	60,249.00
4 November 2011	500,000		0.245	122,703.00
7 November 2011	120,000		0.264	31,656.00
9 November 2011	34.127		0.232	7,924.29
11 November 2011	2,873		0.230	660.79
14 November 2011	8,000		0.230	1,840.00
16 November 2011	11,500		0.229	2,636.95
22 November 2011	15,000		0.211	3,157.50
29 November 2011	15,039		0,200	3,011.80
30 November 2011	20,000		0.200	4,000.00
1 December 2011	73,623		0.200	14,724.60
2 December 2011	24,818		0.200	4,963.60
5 December 2011	170,000		0.200	34,000.00
5 December 2011	80,000		0.200	16,000.00
Total	1,175,000	1,175,909

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Form 604 - change in substantial holding - Strike - December 2011