VAULT MINERALS LIMITED — Major Shareholding Notification 2021

Sep 20, 2021

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme Red 5 Ltd (RED) ACN/ARSN 068 647 610 1. Details of substantial holder (1) Name Regal Funds Management Pty Ltd (RFM) ACN/ARSN (if applicable) 107 576 821 The holder ceased to be a substantial holder on 17/09/2021 The previous notice was given to the company on 27/05/2021 The previous notice was dated 25/05/2021

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:

Date of Person whose relevant Nature of change Consideration given in relation to Class (6) and number of Person's votes change interest changed (4) change(5) securities affected affected Refer annexure 1

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 NOT APPLICABLE 4. Addresses The addresses of persons named in this form are as follows: Name Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY Kenny Ho NSW 2000 Signature print name Kenny Ho capacity Company Secretary sign here date 21/09/2021

4. Addresses

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

Annexure 1

Changes in relevant interests

Date	Person whose relevant interest changed	Nature of Change	Consideration given in relation to change	Number of securities affected	Class of securities	Persons votes affected
8/06/2021	Regal Funds Management	Buy	274657.12	1483831	Ordinary	1483831
9/06/2021	Regal Funds Management	Buy	277500.00	1500000	Ordinary	1500000
11/06/2021	Regal Funds Management	Buy	156000.00	800000	Ordinary	800000
15/06/2021	Regal Funds Management	Buy	370000.00	2000000	Ordinary	2000000
16/06/2021	Regal Funds Management	Buy	54000.00	300000	Ordinary	300000
18/06/2021	Regal Funds Management	Buy	62372.63	356415	Ordinary	356415
18/06/2021	Regal Funds Management	Buy	700000.00	4000000	Ordinary	4000000
18/06/2021	Regal Funds Management	Buy	85650.25	489430	Ordinary	489430
18/06/2021	Regal Funds Management	Buy	46548.08	265989	Ordinary	265989
23/06/2021	Regal Funds Management	Buy	218217.31	1179553	Ordinary	1179553
23/06/2021	Regal Funds Management	Sell	5550000.00	30000000	Ordinary	30000000
29/06/2021	Regal Funds Management	Buy	261350.06	1412703	Ordinary	1412703
31/08/2021	Regal Funds Management	Sell	102700.00	500000	Ordinary	500000
31/08/2021	Regal Funds Management	Buy	818195.62	3920439	Ordinary	3920439
1/09/2021	Regal Funds Management	Buy	97043.44	454749	Ordinary	454749
2/09/2021	Regal Funds Management	Buy	450000.00	2000000	Ordinary	2000000
17/09/2021	Regal Funds Management	Sell	10750000.00	50000000	Ordinary	50000000