WEST WITS MINING LIMITED — Major Shareholding Notification 2008

Nov 24, 2008

		FORM 605 Corporations Act 2001 Section 671B
		Notice of ceasing to be a substantial holder
To Company Name/Scheme	West Wits Mining Limited
ACN/ARSN	124 894 060
1. Details of substantial holder(1)
Name	Merrill Lynch & Co., Inc.
ACN/ARSN (if applicable)
1999 B
The holder ceased to be a substantial holder on		16/10/2008
The previous notice was given to the company on		19/12/2007
The previous notice was dated		22/01/2008

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2. Changes in relevant interests

$25 - 11 - 08; 09:17 \qquad ; \, \mathsf{Merri} \, 11 \quad \mathsf{Lynch}$

Particular of each 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 change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) of securities	l Securities laffected	lPerson's votes affected
$\cdots$ Appendix 1	Merrili Lynch International	Prime Broker with rehypothecation right pursuant to Prime Brokerage agreement (see relevant clause below)*		Ordinary Shares	,604,000	1,604,000
Appendix 1	BlackRock Group	Market Transactions, Dilution Appendix 1		Ordinary Shares	$-6,250,000$	$-6.250.000$
Appendix 1	Merrill Lynch International (Australia) Ltd	Collateral Received	Appendix 1	Ordinary Shares	17,000	17,000

12.9 The Customer hereby consents (without any further notice, consent or reference) to MLI from time to time utilising any Securities for MLI's own purposes and for its
own benefit on the terms specified in this Clause 12

3. Changes in associations

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 follo

Name and ACN/ARSN (if applicable)	Nature of association
Merrill Lynch & Co Inc.	(Ultimate Holding Company
Merrill Lynch International	Subsidiary of Merrill Lynch & Co.
BlackRock Group	Associate of Merrill Lynch & Co.
Merrill Lynch International (Australia) Ltd	Subsidiary of Merrill Lynch & Co.

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1. Addresses

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

Name	Address
Merrill Lynch & Co Inc.	4 World Financial Center, North Tower, 250 Vesey Street, New York, New York 10281
Merrill Lynch International	Merrill Lynch Financial Centre, 2 King Edward Street, London EC1A 1HQ
BlackRock Group	4 World Financial Center, North Tower, 250 Vesey Street, New York, New York 10281
Merrill Lynch International (Australia) Ltd	Level 38, Governor Phillip Tower, 1 Farrer Place, Sydney 2000

*This report is submitted on the basis of our present understanding of ASIC's current policy on reporting by Prime Brokers

Signature

print name	Michael Horrax	capacity	Attorney-in-fact --------
sign here	Company of Company	date .

$25 - 11 - 08; 09:18~~; Merri 11 Lynch$

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Transaction History
Period: 19 Dec 2007 - 16 Oct 2008

Appendix 1

WEST WITS MINING LTD (ISIN: AU000000WWI4 / SEDOL: Q9762L104)

	Loan Value /
Date of	Consideration
Acquisition Transaction	(AUSS)	Price (AUSS)	Currency	No of Shares
Merrill Lynch International (Australia) Limited
10/10/2008 Received	680	0.04	AUD	17000
10/10/2008 Delivered	680	0.04	AUD	17000
13/10/2008 Delivered	850	0.05	AUD	17000
Blackrock Inc - Discrectionary Funds Management
7/10/2008 Sale	1,500.00	0.08	AUD	20,000
9/10/2008 Sale	52,104.00	0.05	AUD	1.040,000
10/10/2008 Sale	21,640.00	0.04	AUD	541,000
13/10/2008 Sale	74.200.00	0.05	AUD	1,400,000
14/10/2008 Sale	1.000.00	0.05	AUD	20,000
15/10/2008 Sale	1.599.50	0.05	AUD	35,000
16/10/2008 Sale	96.778.20	0.03	AUD	3.194.000

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