XRF SCIENTIFIC LIMITED — Major Shareholding Notification 2012

Apr 3, 2012

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To:	XRF Scientific Limited
ACN	107 908 314
1. Details of substantial holder (1)
Name	Skye Alba Pty Ltd
ACN/ARSN (if applicable)	149 257 214

2/4/2012 The holder became a substantial holder on

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:

Class of securities (4)	Number of securities	Person's votes (5)	Voling power (6)
Fully Paid Ordinary	7.617.029	7.617.029	5.91%

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
Skye Alba Pty Ltd ATF The Skye Alba Fund	Registered holder of the shares	7.617.029 Fully Paid Ordinary

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 securilies	Person entitled to be registered as holder (8)	Class and number of securities
Skye Alba Ply Ltd ATF The Skye Alba Fund	Skye Alba Pty Ltd	Skye Alba Pty Ltd	7,617,029 Fully Paid Ordinary

$\sim$

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
		Cash	Non-cash
Skye Alba Pty Ltd ATF The Skve Alba Fund	13/3/12	\$11,475		45,000 Fully Paid Ordinary
Skye Alba Pty Ltd ATF The Skye Alba Fund	13/3/12	\$90,631		348,580 Fully Paid Ordinary
Skye Alba Pty Ltd ATF The Skye Alba Fund	14/3/12	\$12.740		49,000 Fully Paid Ordinary
Skye Alba Pty Ltd ATF The Skye Alba Fund	30/3/12	\$26,000		100,000 Fully Paid Ordinary
Skye Alba Pty Ltd ATF The Skye Alba Fund	30/3/12	\$260,000		1,000,000 Fully Paid Ordinary
Skye Alba Pty Ltd ATF The Skve Alba Fund	2/4/12	\$520,000		2,000,000 Fully Paid Ordinary

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	Address
Skye Alba Pty Ltd	Level 21, 77 St Georges Terrace Perth WA 6000

Signature

print name	Darren Tootell	capacity	Investment Manager
sign here	$C$ ceple $U$ Yarten	date	3/4/12