ORDINARY SHARES

Total number of ordinary shares on issue – 207,794,301

DISTRIBUTION OF SHAREHOLDERS

Distribution	Number of Shareholders	Number of Shares
Total	3,537	207,794,301
1 - 1,000	1,200	533,951
1,001 - 5,000	1,215	3,198,477
5,001 - 10,000	449	3,433,494
10,001 - 100,000	583	17,944,553
100,001 - 1,000,000	73	17,762,607
1,000,000 and over	17	164,921,219

TOP 20 SHAREHOLDERS

	Name of Shareholder	Number of Shares Held	% Held
1	HSBC Custody Nominees (Australia) Limited	62,163,590	29.92
2	Citicorp Nominees Pty Limited	29,757,786	14.32
3	Merrill Lynch (Australia) Nominees Pty Limited	23,555,389	11.34
4	J P Morgan Nominees Australia Limited	21,327,923	10.26
5	BNP Paribas Nominees Pty Ltd < IB AU Noms Retail Client DRP>	3,450,792	1.66
6	Amalgamated Dairies Limited	3,296,881	1.59
7	National Nominees Limited	2,898,926	1.40
8	Berne No 132 Nominees Pty Ltd <594138 A/C>	2,591,880	1.25
9	Neweconomy Com Au Nominees Pty Ltd <900 Account>	2,335,557	1.12
10	Mr Samuel Gonzales Afdal	2,260,000	1.09
11	BNP Paribas Noms Pty Ltd	2,189,772	1.05
12	CS Third Nominees Pty Limited	2,081,212	1.00
13	Mr Carl Eric Holt + Mrs Lorraine Holt < Holt Superfund A/C>	1,2,007,907	0.97
14	Zero Nominees Pty Ltd	1,450,000	0.70
15	Merrill Lynch (Australia) Nominees Pty Limited	1,284,906	0.62
16	National Nominees Limited	1,215,488	0.58
17	Morgan Stanley Australia Securities (Nominee) Pty Limited	1,053,210	0.51
18	Ozlexa Pty Ltd	1,000,000	0.48
19	Riverflow Pty Ltd	932,732	0.45
20	Piama Pty Ltd	850,000	0.41
Total	Top 20 Holders of Ordinary Fully Paid Shares	167,703,951	80.7
Total	Remaining Holders Balance	40,090,350	19.29

SUBSTANTIAL SHAREHOLDERS*

Name	Date of Notice	Ordinary Shares Held	Ordinary Shares Held
		Number of Shares	Percentage
Arbiter Partners Capital Management	20-Nov-18	29,851,761	14.36%
Mitsubishi UFJ Financial Group	02-Aug-19	11,087,707	5.34%
Carol Australia Holdings Pty Ltd	06-Aug-19	10,564,969	5.08%
Ruffer LLP	20-Aug-19	31,045,518	14.94%

Note *Information based on substantial shareholder notices provided to the Company.

UNQUOTED SECURITIES

The Company has the following unlisted securities on issue:

Options:

• 360,000 unquoted options (comprising of 4 equal tranches of 90,000 options per tranche) to subscribe for ordinary shares exercisable at the following tranche prices of $1.00, $1.25, $1.50 and $1.75 per share respectively, with an expiry date of 24 November 2020
• 1,665,000 unquoted options (comprising of 4 equal tranches of 416,250 options per tranche) to subscribe for ordinary shares exercisable at the following tranche prices of $1.00, $1.25, $1.50 and $1.75 per share respectively, with an expiry date of 08 January 2022

SHARE REGISTRY

Any matters relating to registration details, eg change of address, tax file numbers, etc should be referred to, for:

ASX Registered Shares:
Computershare Investor Services Pty Ltd Level 11 172 St George’s Terrace Perth  6000 Western Australia Tel: +618 9323 2000 Fax: +618 9323 2033