TURNSTONE RESOURCES LTD — Major Shareholding Notification 2022

Feb 16, 2022

605 Page 2 of 2 15 July 2001

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme South Harz Potash Limited ACN/ARSN 153 414 852

1. Details of substantial holder (1)

Name DELPHI Unternehmensberatung Aktiengesellschaft, Heidelberg, Germany Wilhelm K.T. Zours, Heidelberg, Germany

ACN/ARSN (if applicable) The holder ceased to be a substantial holder on 14/ 02 / 2022 The previous notice was given to the company on 29/ 12 / 2021 The previous notice was dated 29/ 12 / 2021

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:

llows:
Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
30.12.2021	DELPHI Unternehmensberatung Aktiengesellschaft	On-market sales	$ 0.1450 per share	ordinary shares, 27,698	27,698
31.12.2021	DELPHI Unternehmensberatung Aktiengesellschaft	On-market sales	$ 0.1450 per share	ordinary shares, 296,187	296,187
04.01.2022	DELPHI Unternehmensberatung Aktiengesellschaft	On-market sales	$ 0.1700 per share	ordinary shares, 150,000	150,000
05.01.2022	DELPHI Unternehmensberatung Aktiengesellschaft	On-market sales	$ 0.1700 per share	ordinary shares, 350,000	350,000
06.01.2022	DELPHI Unternehmensberatung Aktiengesellschaft	On-market sales	$ 0.1800 per share	ordinary shares, 151,381	151,381
13.01.2022	DELPHI Unternehmensberatung Aktiengesellschaft	On-market sales	$ 0.1800 per share	ordinary shares, 105,894	105,894
09.02.2022	DELPHI Unternehmensberatung Aktiengesellschaft	On-market sales	$ 0.1502 per share	ordinary shares, 186,465	186,465
10.02.2022	DELPHI Unternehmensberatung Aktiengesellschaft	On-market sales	$ 0.1585 per share	ordinary shares, 853,535	853,535
11.02.2022	DELPHI Unternehmensberatung Aktiengesellschaft	On-market sales	$ 0.1818 per share	ordinary shares, 1,922,616	1,922,616
14.02.2022	DELPHI Unternehmensberatung Aktiengesellschaft	On-market sales	$ 0.1914 per share	ordinary shares, 1,977,021	1,977,021

605 Page 3 of 2 15 July 2001

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

4. Addresses

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

Name	Address
DELPHI Unternehmensberatung Aktiengesellschaft	Ziegelhaeuser Landstrasse 1, 69120 Heidelberg, Germany
Wilhelm K.T. Zours	69120 Heidelberg, Germany

Signature

print name sign here	Alexander Linkcapacity
	date 15 / 02 / 2022

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 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.

• (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.