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604 GUIDE page 111 13 March 2000

Form 604

Corporations Acl2001

Section 671B

Notice of change of interests of substantial holder

!Q: Coml);lny Name/Scheme

ACNIARSN

Murchison Metals Ltd ,(ASX:MMX)

ACN 078 257 799

1. Dotaìls ofsubstantialhold•r (1)

Narne

ACNARSN (if appllcable)

M Q ntile InvestmenCompany Limited (ASX: )

ACN 121 415 576

There was a change in the intei'E!sts of the

substantialholder on
The previous notioo was given to the company on

The previous notlce was dated

1110112
20111112
20111112
2. Provious and pre••nt vo1ing poWl)r

The tota.J n , mbet of votes attaohed to ali 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 when last required, and when now requirad, lo 9ive a substanijal holdln9 notioo to the oompany or scheme, are a< follows:

Class of secuntles (

4)

Previous notice

Present notice

Class of secuntles (

4)

Peroon's votes

Votino oower 151

Person's votes

Votino oower 151

Oruinary shares

4)

76,419,789

17.0%

77,568.408

27.9%

3. Changil!s in levant inMR!i!!it&:

Particulars of each change in, or change in the nature of, a rerevant interest of the substantial holder or an associate in voting securities of the company or scheme, sfnce the substantial holder was la:st required to give a substantial holding notice to the company or scheme, are as fol!ows:

Date of change

Peroon whose relevant internst changed

Nature of change (6)

Consideraffon given in

relation lo change (7)

Class and number of securities

affectod

Person's votes affected

1 Oct 2013

Mercantile lnves1Jl1ent

Companyltd

lnein issued capitai following completion of off-market

share buv-back.

n/a

77,568.408

77,568,408

4. Pmsent relèVant interests

Partieulars of each relevant interest of the substantialholder In votlng securìties after the change are as follows:

Holderof relevant interest

Registered holder of

securities

Person en

rogistered

tiffed to be

as holder (8)

e lnvestment

Limited

Nature or relevant interest (S)

Class and numberof

securities

Person's votes

Mercantile lnvestment Company

Llmited

McNell Nomineés

Limite

Mercàntil

Company

tiffed to be

as holder (8)

e lnvestment

Limited

Registered holder

76,168,408

76,168,408

Mertantlle lnvestment Company

Limited

Mertantlle lnvestrrtent

Company Limited

Mere

Company Limited

Registere

1.400,000

1.400,000

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5. Changes !n assaciation


604 GUIDE page 211 13 March 2000

The pei'Sons who have bécome O.$SOCìates (2) of, ceased to be associ:ates of, or have changed the nature oftheir associatlon (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN Iiiannlicable

Nature of associa1ion

6. Addre$ses

The addresses of the persons named ln thls form are as follows:

Name

Address

Mercantihl!! lnw: stment Cornnanv Lir'li.ited

cevel11, 139 Macnuane Street Svdnev NSW 2000

McNeil Nominees Pty l..td

Level15. 60 Castlereagh Street. Sydney NSW 2000

Signature

printname Gabnel Radeymins capacìty Direcw

sign here date 3 Oclober2013

DIRECTIONS

(1) lf lhero aro a number of substantial holders wilh similar or related relevant interests (eg, a corporotion and its related corporations, or the manager and tflstee of an eq ,. ity tr'lst), the names oould be included In an annexure to the form. lf the relevant interests of a group of persons ara e.ssentiaUy similar, they may be l'éferred to throughout the form as a speclfically named group if the membership of each group, wlth the namE!s and addresses of members is clear1y set aut in paragraph 7 of the form.
(2) See the definition of "assooia1e" in section 9 of the Corporations Aet 2001.
(3) See the definition of ·relevant interesr in sections 608 and 6718(7) of the Corp<>rations Aet 2001. (4) The voting shares of a company constitute on@ dass unle!S$ divided ioto separate classes.
(5) The person's votes dividod by (he tolal votes in the body corporale or scheme multiplied by 100. (6) Include details ot:
(a) any relevant agroement or other circumstances because of which lhe change In relevant ìnterest occurred. Ilsubsection 6718(4) applies, a copy of any doc:ument setting out the terms of any relevant agreement, and a statement by the person giving full.and accurate details of any contrascheme or arrangement, must accompany thi$ fOrti'l, together with a written statement cert)fying this contrac:t, scheme or anangement and
(b) any qualrflcation af the powet of a person to exercise, contrai the exercisa of, or influence the exercise of, the votlng powei'S ot disposai of the secuntles to whi()l) the rlllevant interest relates (indicatin9 clearly the particular secunties to whlch the qualification opplles),
See the dafinition of 'relevant agreemenr in section 9 of !:he Corporations Aet 2001,
(7) Detoils cf the consideration must Include any and ali benefits, money and other,lhat any person lrom whom o re1evant interest was a"luired has, or may, beCOr'r'le entitled to receive in relation ta that acquisitiOI'l. Oetails must be included even if the benefit is conditional on the happening or not of a oontingency. Oetails musibe included of any benefit paid on behalf of the substantlalholder or its associate in relation lo the •"luisitions, even ilthey are not paìd directly lo the person from whom the relevant interest was acquired.
(8) lf the substantialholder is unable to delennine thé identity ofthe person (eg if lhe relevant interest anses because of an option) wrtte "unknown', (9) Give details, if appropriate, of the present association and any change in that association sinre thelast substantial holding notlce.

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