Prospect Resources : Change in substantial holding from MS

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

onlyToCompany Name/Scheme

ACN/ARSN

1. Details of substantial holder (1) Name

ACN/ARSN (if applicable)

PROSPECT RESOURCES LIMITED

124 354 329

Morgan Stanley and its subsidiaries listed in Annexure A

Not Applicable

There was a change in the interests of the
use	July 29, 2022
substantial holder on
The previous notice was given to the company on	July 28, 2022
The previous notice was dated	July 26, 2022
The holder became aware on	August 02, 2022

2. Previous and present 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) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)

Previous notice

Present notice

Person's votes

Voting power (5)

Person's votes

Voting power (5)

Ordinary Shares

38,656,885

8.36%

31,439,762

6.80%

Based on 462,259,462

Based on 462,259,462

personal

Ordinary Shares

Ordinary Shares

Outstanding

Outstanding

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or

cheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Nature of

Consideration given in

Class and number of

Person's

Date of change

Person whose relevant interest changed

votes

change (6)

relation to change (7)

Securities affected

affected

07/27/2022

Morgan Stanley Australia Securities Limited

Buy

300.71

3,623 Ordinary Shares

3,623

07/27/2022

Morgan Stanley Australia Securities Limited

Sell

145,751.44

145,331 Ordinary Shares

145,331

07/27/2022

Morgan Stanley Australia Securities Limited

Sell

11,675.21

11,823 Ordinary Shares

11,823

07/28/2022

Morgan Stanley Australia Securities Limited

Sell

3,167.76

3,152 Ordinary Shares

3,152

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

2.58

28 Ordinary Shares

28

For

Morgan Stanley Australia Securities Limited

Buy

1,640.90

16,409 Ordinary Shares

16,409

07/28/2022

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

602.63

6,377 Ordinary Shares

6,377

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

6,774.97

69,845 Ordinary Shares

69,845

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

5,790.60

48,255 Ordinary Shares

48,255

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

2,337.40

23,851 Ordinary Shares

23,851

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

14,902.57

152,067 Ordinary Shares

152,067

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

1,226.93

11,685 Ordinary Shares

11,685

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

711.60

7,693 Ordinary Shares

7,693

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

768.19

8,002 Ordinary Shares

8,002

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

17,039.87

179,367 Ordinary Shares

179,367

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

10,531.32

113,240 Ordinary Shares

113,240

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

1,356.25

10,850 Ordinary Shares

10,850

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

2,321.04

19,342 Ordinary Shares

19,342

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

428.04

3,567 Ordinary Shares

3,567

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

666.62

7,017 Ordinary Shares

7,017

1

2

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

344.66

3,535 Ordinary Shares

3,535

07/28/2022

Morgan Stanley Australia Securities Limited

Sell

3,659.23

3,623 Ordinary Shares

3,623

07/28/2022

Morgan Stanley Australia Securities Limited

Sell

14,896.53

15,047 Ordinary Shares

15,047

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

1,969.68

16,079 Ordinary Shares

16,079

07/28/2022

Morgan Stanley Australia Securities Limited

Sell

5,343.03

5,397 Ordinary Shares

5,397

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

1,717.64

18,670 Ordinary Shares

18,670

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

887.96

8,663 Ordinary Shares

8,663

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

3,097.86

32,956 Ordinary Shares

32,956

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

1,208.28

10,069 Ordinary Shares

10,069

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

927.22

9,559 Ordinary Shares

9,559

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

2,241.89

23,232 Ordinary Shares

23,232

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

4,338.09

35,413 Ordinary Shares

35,413

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

2,857.17

29,918 Ordinary Shares

29,918

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

26,537.38

276,431 Ordinary Shares

276,431

only

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

627.94

6,375 Ordinary Shares

6,375

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

725.77

7,804 Ordinary Shares

7,804

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

716.92

6,669 Ordinary Shares

6,669

07/28/2022

Morgan Stanley Australia Securities Limited

Buy

880.25

7,042 Ordinary Shares

7,042

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

17,806.09

250,790 Ordinary Shares

250,790

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

7,472.70

98,325 Ordinary Shares

98,325

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

15,122.57

204,359 Ordinary Shares

204,359

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

986.87

12,492 Ordinary Shares

12,492

use

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

135,714.81

1,938,783 Ordinary Shares

1,938,783

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

1,887.22

23,299 Ordinary Shares

23,299

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

19,836.94

275,513 Ordinary Shares

275,513

07/29/2022

Morgan Stanley Australia Securities Limited

Buy

620.19

4,594 Ordinary Shares

4,594

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

77,996.45

1,083,284 Ordinary Shares

1,083,284

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

983.56

12,857 Ordinary Shares

12,857

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

950.40

13,200 Ordinary Shares

13,200

07/29/2022

Morgan Stanley Australia Securities Limited

Buy

546.50

4,372 Ordinary Shares

4,372

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

1,951.35

23,797 Ordinary Shares

23,797

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

211,531.82

2,884,066 Ordinary Shares

2,884,066

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

4,284.51

55,643 Ordinary Shares

55,643

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

18,636.90

255,300 Ordinary Shares

255,300

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

1,796.72

24,280 Ordinary Shares

24,280

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

3,785.47

52,576 Ordinary Shares

52,576

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

164.62

2,255 Ordinary Shares

2,255

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

804.71

11,334 Ordinary Shares

11,334

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

1,480.16

18,502 Ordinary Shares

18,502

07/29/2022

Morgan Stanley Australia Securities Limited

Buy

396.78

3,239 Ordinary Shares

3,239

personal

07/29/2022

Morgan Stanley Australia Securities Limited

Sell

69,433.24

977,933 Ordinary Shares

977,933

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant

Registered holder

Person entitled

Nature of relevant interest (6)

Class and number

Person's

For

interest

of securities

to be registered

of securities

votes

as holder (8)

Morgan Stanley

Morgan Stanley

Shares held or in respect of which the holder may exercise

Australia Securities

31,439,762

Australia Securities

Not Applicable

control over disposal in the ordinary course of sales and

31,439,762

(Nominee) Pty

Ordinary Shares

Limited

trading businesses.

Limited

Each of the entities (as

listed in Annexure A) in

The above entity is a body corporate that each upstream

31,439,762

the Morgan Stanley

entity controls and therefore has the relevant interests that

31,439,762

Ordinary Shares

group upstream of the

the above entity has.

above entity

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

only
		Name and ACN/ARSN (if applicable)		Nature of association
					Not Applicable		Not Applicable
	6. Addresses
	The addresses of persons named in this form are as follows:
use			Name		Address
Morgan Stanley				1585 Broadway, New York, New York, 10036, USA.
			Morgan Stanley Australia Securities Limited		Level 39, Chifley Tower, 2 Chifley Square, Sydney, 2000, AUSTRALIA.
	Signature
personalFor		print name Wilson Li		capacity	Vice President
					sign here		date	August 02, 2022

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Annexure A

List of Morgan Stanley and its subsidiaries that have a relevant interest or deemed to have a relevant interest in the shares or units stated in Section 4.

only		Name
	└─┬─Morgan Stanley
	└─┬─Morgan Stanley International Holdings Inc.
	└─┬─Morgan Stanley (Australia) Securities Holdings Pty Limited
	└───Morgan Stanley Australia Securities Limited
	Signature
use		print name Wilson Li	capacity	Vice President
For personal		sign here	date	August 02, 2022

4

onlyuse(1)

(2)

(3)

personal(4)

(5)

(6)

(7)

(8)

(9) For

DIRECTIONS

If there are a number of substantial holders with similar or related relevant 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.

See the definition of "associate" in section 9 of the Corporations Act 2001.

See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

The voting shares of a company constitute one class unless divided into separate classes.

The total number of votes attached 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.

The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

Include details of:

1. 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 or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
2. 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 (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

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.'"

Details of the consideration must include any and all benefits, moneys 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.

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