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BASE RESOURCES LIMITED - Notice of change of Significant Shareholder

AIM and Media Release 

1 October 2020

BASE RESOURCES LIMITED Notice of change of Significant Shareholder

Base Resources Limited (ASX & AIM: BSE) ( or the ) advises that it has today received notification from Credit Suisse Holdings (Australia) Limited (on behalf of Credit Suisse Group AG and its affiliates) ( ) that, as at , Credit Suisse had voting power in 58,992,556 ordinary shares in Base Resources, representing 5.01% of the total Base Resources ordinary shares on issue and constituting a significant shareholding for the purposes of the AIM Rules for Companies on that date.Base ResourcesCompanyCreditSuisse28 September 2020

Credit Suisse’s interest in 58,992,556 ordinary shares was held as follows:

Credit Suisse acquired 15,325,603 shares for an average price of per share between and (excluding any securities borrowed pursuant to a securities lending agreement).  It disposed of 850,750 shares for an average price of per share between and (excluding any shares returned pursuant to a securities lending agreement).  A$0.183A$0.2482 June 202028 September 202016 June 202028 September 2020

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


For further information contact:

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 and is developing the Toliara Project in Madagascar.  Base Resources is an ASX and AIM listed company.  Further details about Base Resources are available atKenyawww.baseresources.com.au

Level 1, , 6005 Email:  Phone: +61 (0)8 9413 7400 Fax: +61 (0)8 9322 8912PRINCIPAL & REGISTERED OFFICE

50 Kings Park RoadWest Perth, Western Australia[email protected]

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

Stephen Allen

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

Matthew Armitt

Holder of interest  Nature of interest   Registered holder of Number of ordinary
                                         shares               shares

Credit Suisse       Voting rights and    CS Fourth Nominees       37,518,556
Equities            right to dispose     Pty Limited (ACN 069
(Australia) Limited                      126 432)
(ACN 068 232 708)

Credit Suisse AG,   Holder of securities CS Third Nominees        21,474,000
Dublin Branch       subject to an        Pty Limited (ACN 007
                    obligation to return 053 849)
                    under securities
                    lending agreement
, Manager Communications and Investor  Media Relations

Base Resources                                    Tavistock Communications

Tel: +61 (8) 9413 7426                             and 

Mobile: +61 (0) 488 093 763                       Tel: +44 (0) 207 920 3150

Email:James FullerJos SimsonBarnaby HaywardUK[email protected]

Quick facts: Base Resources Limited

Price: -

Market: AIM
Market Cap: -

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