SUNSTONE METALS LTD — Major Shareholding Notification 2016

Sep 18, 2016

Form 604

Corporations Act 2007 Section 6718

Notice of change of interests of substantial holder

To Company Namo/Scheme	Avalon Minurals Ltd
ACN/ARSN	123 184 412
1. Detaile of substantial holder (1)
Name	Valbonne II
ACN/ARSN (If applicable)	M/A
There was a change in the interasts of theno teblod laihotsdus	23/08/2016
The pravious delice was given to the company on	15/07/2016
The provious notice was dated	14/07/2016

2. Previous and present voling power

$\bullet$

$\cdot$

The total number of votes attached to all the voling shares in the company or voling interests in the scheme that the substantial holder oran executio (2) had a relevant interest (3) in when lest required, and when now re

Class of accurities (4)	Previous notice			Present notice
	Person's votes	Voting power (5)	Parson's votes	Voting power (5)
Ordinary Shares	64,739,601	13.555	64,739,601	12.648

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relovant interest of the autertantial holder or an ecacolate in voling securities ofthe company or scheme, eince the substantial holder was last required to giv

Date ofchange	Person whosetaisvant interestchanged	Nature of change (6)	Consideration givenin relation to change(7)	Closs and numberof socuritiesaffocted	Person's votesaffected
23/08/2016	Valboune II	Placement to政府所marcholderszaducingvoting power		64,739,601OrdinaryShaxes	64,739,601

4. Present relevant Interests

$\cdot$ $\sim$

$\overline{a}$

Particulars of each relevant interest of the substantial holder in voling eccurities after the change are as follows:

Halder ofrefevantInterest	Registered holderof securities	Percon entitied to beregistored as holder(8)	Naturo of relevantinters(0)	Class and numberof securities	Person's votes
ValbonneII	RSBC CustodyNominaas(Australia)Limitod	Valbonne II	Direct	64,739,601OrdinaryShares	64,739,601

.Property Public Seconds	The Company of the Company of the Company of the Company of the Company of the Company of the Company of the Co	AN ONE OF THE CONSTRUCTION OF A PARTIES	The Management of the Automobile Project

6. 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, thesubstantial helder in relation to voling interects in the company or schome are as fo

Name and ACN/ARSN (If applicable) Nature of association
N/A	1.05.00000.00.000
	$-0.00000000000000000000000000000000000$

6. Addresses

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

Nama	Addrass
Valbonne II	15A, Avenus JJ Kannady, L-1865 Luxembourg
RSEC Custody Nominees(Australia) Limited	CPO HOX 5302 SYDNEY NSW 2001

Michele 3 Signature $\zeta_4$ $RF$ print name capacity $38/2016$ sign here dalo 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 truct), the names could be induced 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 "associate" in aection 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 606 and 6718(7) of the Corporations Act 2001.
• (4) The voting shares of a company constitute one class unless divided into separate dasses.
• (5) The parson's votes divided by the total votes in the body corporate or scheme multiplied by 100,
• Include datalla of: $(6)$
  • any relavant agreement or other circumstances because of which the change in relavant interest accumed. If subsection 671B(4) $(a)$ any senses. Separate of any decument setting out the terms of any relevant agreement, and a elatement by the person giving full andaccurate details of any contract, scheme or arrangement, must accompany this form, togethe contract, scheme or arrangement; and
  • $(b)$ any qualification of the power of a person to exercise, control the excroise of, or influence the exercise of, the voling powers or dispossi 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,

• Datalls of the consideration must include any and all benefits, mency and other, that any person from whom a relevant interest was acquiredhap, or may, become entitied to receive in relation to that acquisition. Details m $(7)$ happening or not of a contingency. Dataliz must be included of any banalit paid on behalf of the aubstantial 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.
• if the aubstantial holder is unable to determine the identity of the person (eg. if the raievant interest arises because of an option) write $(8)$ "unknown".
• (9) Give details, if appropriate, of the present asseciation and any change in that esseciation since the last substantial holding notice.