STRIKE RESOURCES LIMITED — Major Shareholding Notification 2014

Nov 20, 2014

Form 605 Corporations Act 2001 Section 671B Notice of ceasing to be a substantial holder

To Company Name/Scheme	STRIKE RESOURCES LIMITED (SRK)
ACN/ARSN	94 088 488 724
1. Details of substantial holder (1)
Name			ACN / ABN
FAROOQ KHAN		(F KHAN)
ISLAND AUSTRALIA PTY LTD		(ISLAND)	A.C.N. 073 447 300
	There was a change in the interests of the substantial holders on:		19 November 2014
The previous notice was given to the company on:		24 January 2014
The previous notice was dated:		24 January 2014

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 are as follows:

Date ofchange	Personwhoserelevantinterestchanged	Nature of change (4)	Considerationgiven in relationto change (5)	Class (6) andnumber ofsecuritiesaffected	Person'svotesaffected
19November2014	F KHAN	F KHAN ceased to have a greater than20% voting power in QUE andaccordingly, has ceased to have adeemed relevant interest in the SRKshares in which QUE has a relevantinterest pursuant to section 608(3)(a) ofthe Corporations Act	Not applicable	(16,690,802)	(16,690,802)

Notes:

• (a) OEQ is a legal, beneficial and registered holder of shares in SRK;
• (b) QUE is taken under section 608(3)(b) of the Corporations Act to have a relevant interest in SRK shares in which OEQ has a relevant interest by reason of having control of OEQ - refer QUE/OEQ's Change of Substantial Shareholding Notice in SRK dated 16 February 2011;
• (c) F KHAN was taken under section 608(3)(a) of the Corporations Act to have a deemed relevant interest in the SRK shares in which QUE has a relevant interest by reason of having a greater than 20% voting power in QUE - refer Change of Substantial Shareholding Notice in QUE filed by Farooq Khan dated 23 January 2014;
• (d) Therefore, F KHAN had a deemed relevant interest in the SRK shares held by OEQ (in which QUE has a relevant interest).
• (e) F KHAN has ceased to have a greater than 20% voting power in QUE and accordingly, has ceased to have a deemed relevant interest in the SRK shares in which QUE has a relevant interest pursuant to section 608(3)(a) of the Corporations Act; refer Change of Substantial Shareholding Notice in QUE filed by Farooq Khan dated 20 November 2014.

3. Changes in association

The persons who have become associates (2) 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
N/A	N/A

4. Addresses

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

Name	Address
F KHAN	c/- Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005
ISLAND	c/- Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005
QUESTE COMMUNICATIONS LTDABN 58 081 688 164 (QUE)	Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005
ORION EQUITIES LIMITEDABN 77 000 742 843 (OEQ)	Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005

Signature

sign here Date 20 November 2014

print name FAROOQ KHAN capacity Personally and as Director of ISLAND

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 "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.
• (4) 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.

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