RMG : Change in substantial holding

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

ACN/ARSN

1. Details of substantial

   holder(1)

   RMG Limited 065 832 377

   Name Chile Metals Consulting SPA ACN/ARSN (if applicable)

   24/8/16

   There was a change in the interests of the substantial holder on

   The previous notice was given to the company

   on

   The previous notice was dated

2. Previous and present voting power

   26/11/2014

   25/11/2014

   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 f3) in when last required, and when now required, to give a substantial holdinn 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	40,108,785	19.24%	40,108,785	9.31%

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

   Date of change	Person whose relevant interest	Nature of change (6)	Consideration given in relation to	Class and number of	Person's votes affected
   changed	change (7)	securities
   24/8/16	Chile Metals	Dilution on issue	n/a	affected Ordinary	Chile Metals
   Consulting SPA	of shares by RMG Ltd	shares 40, 108,785	Consulting SPA

4. Present relevant Interests

   Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder 18	Nature of relevant interest (6)	Class and number of securities	Person's votes
   Chile Metals Consultinq SPA	Chile Metals Consultinq SPA	Chile Metals Consultinn SPA	Direct ownership	40, 108,785 ordinarv shares	40, 108,785

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

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:

   Name and ACN/ARSN (if applicable)	Nature of association

6. Addresses

The addresses of persons named in this form are:

Name		Address
Chile Metals Consultino SPA		38C Grove Street, RidQefield CT 06877, USA

Signature

DIRECTIONS

1. 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 6 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 6718(7) of the Corporations Act 2001.

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

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

6. Include details of:

7. any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(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

8. 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.

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.

10. If the substantial holder is unable to determine the identify of the person (eg. if the relevant interest arises because of an option) write "unknown".

11. Give details, if appropriate, of the present association and any change In that association since the last substantial holding notice.