Notice of initial substantial holder Tawana Resources NL (Incorporated in Australia) (Registration number ACN 085 166 721) Share code on the JSE Limited: TAW JSE ISIN: AU0000TAWDA9 Share code on the Australian Securities Exchange Limited: TAW ASX ISIN: AU000000TAW7 (“the Company” or “Tawana”) Form 603 Corporations Act 2001 Section 671B NOTICE OF INITIAL SUBSTANTIAL HOLDER To Company Name/Scheme Tawana Resources NL ACN/ARSN 085 166 721 1. Details of substantial holder (1) Name Tribeca Investment PA ACN/ARSN 080 430 100 The holder became a substantial holder 27/04/2017 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) has a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows: Class of securities (4) Number of Person’s votes (5) Voting power (6) securities Ordinary 20 038 000 20 038 000 5.24% 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 Tribeca Investment Partners Pty Ltd Investment Manager Ordinary 20 038 000 managing equities on behalf of individually managed clients 4. Details of present registered holders The person registered as holders of the securities referred to in paragraph 3 above are as follows: Holder of relevant Registered Person entitled to be Class and number of interest holder of registered holder (8) securities securities Tribeca Investment Various Various clients investment Ordinary 20 038 000 Partners Pty Ltd custodian Manager nominee companies 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 Date of acquisition Consideration (9) Class and number of interest securities Cash Non-Cash Tribeca Investment 27 Dec 2016 – 27 April AUD Ordinary 20 038 000 Partners Pty Ltd 2017 2 507 160 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 Tribeca Investment Partners Pty Ltd Level 23, 1 O’Connell Street, Sydney, NSW 2000 Signature Print name Diana Shang-Knudsen Capacity Joint Company Secretary Date 1/05/2017 DIRECTIONS 1. If there are a number of substantial holders with similar or related interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group 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 attaches 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 contract, scheme of arrangement, must accompany this from, together with a written statement certifying this contract, scheme or 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 (indicting clearly the particular securities to which the qualification 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. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired. 02 May 2017 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 02/05/2017 09:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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