REG-Base Resources Limited: Notice of change of Substantial Shareholder

Base ResourcesAnnouncement

13/02/2020 07:05

AIM and Media Release 

13 February 2020

BASE RESOURCES LIMITED
Notice of change of Substantial Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has
today received notification from FIL Limited that it and its related entities
(FIL) have increased their voting power in Base Resources to 117,160,977
ordinary shares, representing 10% of the total Base Resources ordinary shares
on issue and constituting a substantial shareholding for the purposes of the
AIM Rules for Companies.

FIL’s interest in 117,160,977 ordinary shares is held as follows: 

 Investment Manager             Custodian                                                                                   Nature of relevant interest           Number of ordinary shares          
 FIL Investments International  Brown Bros Harrimn Ltd Lux (C)  Brown Brothers Harriman and Co  JP Morgan, Bournemouth (C)  Investment Discretion / Voting Power   32,702,957  3,957,867  69,881,600 
 FIL Limited                    Brown Bros Harrimn Ltd Lux (C)  Brown Brothers Harriman and Co                              Investment Discretion / Voting Power                7,430,452  3,188,101 

The increase in FIL’s interest was the result of the acquisition of
17,575,290 shares for an average price of A$0.241 per share between 26
November 2019 and 10 February 2020.

A copy of the notice referred to in this release is available from the
company’s website:  www.baseresources.com.au.

ENDS.

For further information contact:

 James Fuller, Manager Communications and Investor Relations  UK Media Relations              
 Base Resources                                               Tavistock Communications        
 Tel: +61 (8) 9413 7426                                       Jos Simson and Barnaby Hayward  
 Mobile: +61 (0) 488 093 763                                  Tel: +44 (0) 207 920 3150       
 Email: jfuller@baseresources.com.au                                                          

About Base Resources

Base Resources is an Australian based, African focused, mineral sands producer
and developer with a track record of project delivery and operational
performance.  The company operates the established Kwale Operations in Kenya
and is developing the Toliara Project in Madagascar.  Base Resources is an
ASX and AIM listed company.  Further details about Base Resources are
available at www.baseresources.com.au

PRINCIPAL & REGISTERED OFFICE
Level 1, 50 Kings Park Road
West Perth, Western Australia, 6005
Email:  info@baseresources.com.au
Phone: +61 (0)8 9413 7400
Fax: +61 (0)8 9322 8912

NOMINATED ADVISOR
RFC Ambrian Limited
Stephen Allen
Phone: +61 (0)8 9480 2500

JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800

JOINT BROKER
Numis Securities Limited
John Prior / James Black / Paul Gillam
Phone: +44 20 7260 1000



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