WEST WITS MINING LIMITED — Major Shareholding Notification 2021

Mar 2, 2021

Form 603

Corporations Act 2001
Section 671B

Notice of initial substantial holder

	To Company Name/Scheme West Wits Mining Limited
ACN/ARSN	124 894 060

1. Details of substantial holder (1)

Name	Wingfield Durban Deep, LP
ACN/ARSN (if applicable)

The holder became a substantial holder on 02/03/2021
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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

Class of securities (4)	Number of securities Person's votes (5) Voting power (6)
Ordinary Shares (WWI) 173,195,314		1173, 195, 314	12.46%

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
Wingfield Durban Deep, LP Legal & beneficial owner ordinary shares in the		173, 195, 314 Fully paid Company

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 linterest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
Wingfield Durban Deep, Wingfield Durban LP	Deep, LP	Wingfield Durban Deep, LP	173, 195, 314 Fully paid ordinary shares in the Company

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 linterest	Date of acquisition Consideration (9)		Class and number of securities

		Cash	Non-cash
Wingfield Durban Deep, LP	02/03/2021	USD 1,173,200.25		167,600,036 Fully paid N/A ordinary shares in the Company
Wingfield Durban Deep, LP	09/06/2020	AUD 55,952.78		$5.595,278$ Fully paid N/A ordinary shares in the Company

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

7. Addresses

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

Name	IAddress
Wingfield Durban Deep, LP 800 Bering, Suite 100

Signature

print name Scott A. Kell capacity Manager of the General Partnernship

sian he $\prime$ 2 date $2.$ $\mathbf{z}$ $2021$

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 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 7 of the form.
• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.
• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• (4) The voting shares of a company constitute one class unless divided into separate classes.
• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

(7) Include details of:

• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. 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 relevant agreement, and a statement by the person giving full and accurate details of any 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 applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write 'unknown".
• (9) 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. Detai