VAULT MINERALS LIMITED — Major Shareholding Notification 2021

Mar 28, 2021

Form 603

Corporations Act 2001

Section 671B

Notice of initial 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 became a substantial holder on

25/03/2021

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

==> picture [442 x 50] intentionally omitted <==

----- Start of picture text -----

Class of securities (4) Number of securities Person's votes (5) Voting power (6)
ORDINARY 116,901,333 116,901,333 5.27%
----- End of picture text -----

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

	Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
		REGAL FUNDS MANAGEMENT PTY LIMITED HAS
REGAL	FUNDS MANAGEMENT PTY LIMITED	A RELEVANT INTEREST IN ITS CAPACITY AS	116,901,333 ORDINARY
		INVESTMENT MANAGER AND/OR TRUSTEE

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
UBS AG, AUSTRALIA BRANCH	UBS NOMINEES PTY LTD	UBS AG, AUSTRALIA BRANCH	HOLDER OF SHARES	59,305,162 ORDINARY	59,305,162
MORGAN STANLEY & CO INTL PLC	HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED A/C 2	MORGAN STANLEY & CO INTL PLC	HOLDER OF SHARES	3,776,001 ORDINARY	3,776,001
MERRILL LYNCH INTERNATIONAL LIMITED	MERRILL LYNCH (AUS) NOMINEES PTY LTD	MERRILL LYNCH INTERNATIONAL LIMITED	HOLDER OF SHARES	20,556,154 ORDINARY	20,556,154
CREDIT SUISSE AG	CS THIRD NOMINEES PTY LIMITED	CREDIT SUISSE AG	HOLDER OF SHARES	33,264,016 ORDINARY	33,264,016

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder	of	relevant	interest	Date	of acquisition	Consideration (9)	Class and number of securities
				See	Annexure 1

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name	and ACN/ARSN (if applicable)	Nature of association
	NOT APPLICABLE

7. Addresses

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

	Name				Address
	PHILIP KING			LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW
					2000
Signature
	print name		Philip King		capacity	Director
		sign here			date	29/03/2021

Annexure 1

Consideration

					Considerati
					on given in	Number of		Persons
				Nature of	relation to	securities	Class of	votes
Date	Person	whose	relevant interest changed	Change	change	affected	securities	affected
9/12/2020		Regal	Funds Management	Buy	52134.71	207708	Ordinary	207708
16/12/2020		Regal	Funds Management	Buy	44347.50	177390	Ordinary	177390
19/01/2021		Regal	Funds Management	Buy	19903.70	77962	Ordinary	77962
25/03/2021		Regal	Funds Management	Buy	5513326.24	34458289	Ordinary	34458289