STRIKE RESOURCES LIMITED — Major Shareholding Notification 2012

Dec 20, 2012

12/21/2012

12:18 PM From:

605 Page 1 of 2 15 July 2001

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

	To Company Name/Scheme STRIKE RESOURCES LIMITED
ACN/ARSN	ABN 94 088 488 724

1. Details of substantial holder (1)

Name	USM STEEL & MINING GROUP LIMITED (formerly: Gallagher Holdings Limited)
ACN/ARSN (if applicable)	USM STEEL & MINING GROUP LIMITED is incorporated in Cyprus with company number HE 133001
The holder ceased to be a substantial holder on	20/12/2012
The previous notice was given to the company on $\overline{a}$	06/12/2011
The previous notice was dated $\mathbb{Z}$	05/12/2011

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 follows:

Date of change	Person whose	Nature of change (4)	Consideration given	Class (6) and	Person's votes
	relevant interest changed:		in relation to change (5)	:number of securities affected	affected
		Share Purchase
	USM STEEL &	Agreement relating to
20/12/2012	MINING GROUP	shares in	AUD 2,840,750	25,825,000	18.12%
	LIMITED	Strike
		Resources Limited

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
ABU HOLDING INTERNATIONAL LIMITED	90% shareholder of USM STEEL & MINING GROUP LIMITED
ALISHER USMANOV	100% SHAREHOLDER OF ABU HOLDING INTERNATIONAL LIMITED

4. Addresses

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

Name:	Address
USM STEEL & MINING GROUP LIMITED (formerly known as Gallagher Holdings Limited)	205 Christodoulou Hadjipavlou Street, Louloupis Court, 7th Floor, 3036 Limassol, Cyprus
ABU HOLDING INTERNATIONAL LIMITED	P.O. Box 3175, Road Town, Tortola, British Virgin Islands
ALISHER USMANOV	c/o USM STEEL & MINING GROUP LIMITED, 205 Christodoulou Hadjipavlou Street, Louloupis Court, 7th Floor, 3036 Limassol, Cyprus

12/21/2012

Smartphone Server To:

PFAX201 Page: $\overline{2}$

DIRECTOR capacity 20/12/2012 date 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 4 of the form. See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
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
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
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 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.