Fitzroy River : Change in substantial holding for RCO - 10 January 2017

Form 604

Corporations Act 2001

S ection 6718

Notice of change of interests of substantial holder

cOJ oae • 2 i5 u y 200 ·

A C A S

_ o AL c o 'f S b 11(l LJ lf(b _ _

A .c._ . D'f l , 2 5 32

1. Details of substantial holder(1)

AC •AR ' ( i 3Dphcable;

Triere 1,.55 a ct-arge ., :rie n:erests of trie

s.;cs:a a 'lo c:er a,.. q-I • 1-1

Tee P'ev:.s rot ce :.a s •:er '.c tre cor"oany:1

"7°"'e O"::. :..; 1 t:e -',as catec

1. . Previous and present voting power

   'l ;t n

   " ii

   e to'.a "lL T:>er c1 votgs a:!ache: :o a :re vot.r'!g sares n :,e COr""C5'1y or i.,c: r; 11teres'. s ,n :,..e scrter·e :..a: 're 5_ :1s:ar:·a· ,..c :er or a" ::1ss:c a e (2} '1a a re e·/a"': r:e"e :t3l tr V.heo last requ rec arc '. rer now re U 'ed :J gve a SJtS3!13, ncld,nf no:,ce to tre CO.,.oa1y C'screire. are uS 'O 0 :1,

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   =ers:Jr·s vnte:, Vcle£ j .'. l - Pers:...· •.ote'>- pc1 .e _..§-. -;- -=-

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   C ass a' se:•. :es ;41 ;:re1 aJs nc ::e "re,ee: oc: e

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   0.J b 1 1' SHAE s .111 11! 1s _ _ 11, 113,1 ' (21.oi"/ ) _ 11,'25',°U,o ,

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   ,Ct

   o( 2 2 .,1%)

2. Changes in relevant interests

   can L ars cf ea n c.,a1£e r c,. ...ra:ge 1tf'le ra'...'t: cf a "t: eva'1t ":-;;:'es! cf e suos!ar:t,a no·ce, er 2,... ::,$5c ae .... vc " secu' t es c• t1e co...,.pa y 0" sereTe s,rce :re

   sJos:art,al "C ce• l'las ast reqJ red '.o g ve a sJos!ai·al c d 0 ioce :o '.ne c:irpa,y C' screrre a'e as 'o J .•. s

   Da:e ' c'1a,,1e	=r:rsor. v.rc se re•t:var 1rteres:	a! re o' crarf e (6)	C:r,de·a:,c ·ver ir re at r	oSS ar rL"'lber of	Perso,,'s O:e.s a'fectec
   ::, cr::re i?	sec..n• :.5

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3. Present relevant interests

C:.:f;CH:C

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H: Cer o	:	Re;·s:ercc	Pc·scr er :e:	a:.."e c'	C aS;i ar:,	?t:..S:l'1 S "Ot
reie·,art	10 dee o'	to oe 'e stered	·.,eva:	'1Jr."b!:r ::f
1t.,res:	secJr :.es	as ho der 18)	,i:e"es: {5J	sec:.. es

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AS 1. AdovE 1,S I E R l A dLE" CiJ'L. +

61: f'ltF / " A L..

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604 page 2 2 15 Ju y 2001

5. Changes in association

M persc, 'oho rave be:or,e associa!es (2) cf. ceased to be ssoc 3!,o' c· nave ranged '.he rature a·:reir asscc a .or (9) 1 1!h 1°e su star:a holce• , rela! on to vcting

ir.terests n :ne ccrroan; er screme ora as foJ;o ..·.i·

0f1a'l1e an-d -AC='A-RS'IJ-,f aoc

-aboe)

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1'.at..,e::assoc a: 1

6. Addresses

A:dress

L€vn 1 1 2

Signature

prr: rarre

sign here oa'.e I O t lt

D I RECTION S

p; If :nere are a numce, oi suostart al ro,ders w th s rr,1a,:r re a'.ed re1evanl m:c,cs:s (o,. a CC'pora: o ard ·ts rc:J:cc c:Ypcraors. or '.he mar ager ana !•Ls:ce c' a•1 ec;L !/ trus:: t0 e a,,.e, cou'c ce nci:ec r ar ar.ex re to !he 'or'Tl If :re rdevart ,r:e•es:s c' a g•oLc cf osrsons are essentially s.m-lar. they rray be re'erred to mroLgro t :re 'orm as a spec, 1ca 1y arre gro p . ti'e ·ne,ncersrip o: eah gr uo, 1 ti, the orres a1ci a icresses o l"eriibers s c earty set au: ,n pa•agrach 6 ci te '::wr

,2 , See tre def n !ion o' ·a,sc:,a:e 1se::·on 9 c' tre Corpora crs Ac: 200' .

(3) See tre def n t1or o' "relevart n:erest ,n sect o,s 608 ar.d 67 18(7) cf the C:rpo•auors Act 2CO •

14: re vot rg snare, of a ccMo"Y cors:·:ste ere c ass t.1 ess c·v,cea ,nto separa:e c 3sses

(5) Tre pe'Scn's votes divided by the to:a!vo!es ,n tre bcdy cor:;orate o· scre'Tie rr Jlt1pl1ed ty 1QC.

(c) Ire ..ce ce,a Is of.

;a) a,y re evart agreemer: or c:re ·c •cJn·;:a,:s oe;at.,e o' v.1c1 :e :rag n re'e :arl r:erest o:cc"eC If SJ,e:t oe 67'B(t) aop es a cccy c' ar y cocurrent se::mg cut tre terrrs c' any re evan:ag•eeme . a•1c a slater1ert b :ne cersor g11ing 'I ad accurate ae:a 1s of any cont•a:t serf:"' € or a'Ta 0 gemen: !"JS! acco'l1p3"Y tr s onr. togethe• v,,tr a 1v,:te 0 sta•eme1'. ce,;1f,ing te s con:rac: scJ-erie or a'Tager,er: and

(o) any qJal fca: Oil o' ;ne 00>",er o' a person :o exe'ose co,tro1tre exercise of , or 1rJerce :e exerc se of. tre :0!119 pov.ers or d sposa of !he se:Jm,es to 1·.r.1cr the re eva,t 0 :ere t re'a!e (inc.ca: ng clea•y re oart:.a' secunt es to •. •ch ire qua! fi:a'. on ocpl1es)

See Ire ce:,11 on oi re•evan l agree1en:' 1n seC' on 9 o' !re Cc-pora:·01s Ac: 20C •

(7) De a Is oi ,e cor.s,cera on mus: ,,::.de ay ad a.1 ce0 e·ts. cr.ey anc c rt· ;a! ary ce·sor rem :.so'TI a r,::tvan! me·es; 1,as a:qJ:·ed oas. c·ma,. oe:r e e1Led to 0 eceive 1r re'al:or :o trat acqL s Uon. Dela s m..s: be rc.uced ever if the berefit s ccrc t,:nal c, :re haope1ir or re: o' a co!nen:y. Oe:a Is 'Tlcs: ce nc .ce of any bere!it pa,c en bera f o! tr e subs:arl a1 roloe, o• ,ts assoc,a:e ,re at.o to tne acqc,s ,cr s even Iteey are re! pa ·c d•rect y to tne person -r '" . r.cf'"

:ne re'evant nterest was acqu:rea.

9J G '/e de:a .s f approor,ate of t ...e O!'eSe'1 a;;sci:.a or anc ariy criangc ir tria: assoc·at.on s r:e tne ,as! SLbs:a'1t 1 a: hole ng rJ:a;,

SCHEDULE 1 ATTACHMENT TO FORM 604 DATED 10 JANUARY, 2017

Shares acquired on market:

Date of Change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Persons votes affected
05/01/17	Fitzroy	On market purchase	$0.20 per share	235,000	235,000
06/01/17	Fitzroy	On market purchase	$0.20 per share	79,401	79,401
09/01/17	Fitzroy	On market purchase	$0.20 per share	64,000	64,000
Total:	378,401

Shares acquired pursuant to Off M arket Offer under Replacem ent Bidder's Statem ent dated 21 December 2016:

Date of Change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Persons votes affected
05/01/17	Fitzroy	Increase in	$0.20 per share	2,000	2,000
		relevant interest	being the Offer
		as a result of	Price under the
		acceptances of	Takeover Offer
		Fitzroy's takeover
		off under the
		Replacement
		Bidder's
		Statement dated
		21/12/16
		(Takeover Offer)
06/01/17	Fitzroy	As above	As above	152,000	152,000
09/01/17	Fitzroy	As above	As above	280,400	280,400
Total:	434,400