Base Resources Limited - Notice of change of interests by Significant Shareholder

AIM and Media Release 16 August 2024 Base Resources Limited Notice of change of interests by Significant Shareholder Base Resources Limited (Base Resources) advises that it has received notification from Mitsubishi UFJ Financial Group, Inc. (MUFG) that, as at 13August 2024, MUFG had increased its voting power in Base Resources from 87,021,878 ordinary shares to 99,905,751 ordinary shares representing 7.39% and 8.48%, respectively, of the total Base Resources ordinary shares in issue. This constitutes a significant shareholding for the purposes of the AIM Rules for Companies. MUFG's interest in 99,905,751 ordinary shares is held as follows: +---------------------------+----------------+------------+----------+ |Registered holder of shares|Holder of |Nature of |Number of | | |interest |interest |ordinary | | | | |shares | +---------------------------+----------------+------------+----------+ |Citibank N A Hong Kong |Mitsubishi UFJ |Relevant |41,314,416| | |Financial Group,|interest in | | | |Inc |securities | | | | |that First | | | | |Sentier | | | | |Investors | | | | |Holdings Pty| | | | |Limited has | | | | |a relevant | | | | |interest in | | | | |under | | | | |section | | | | |608(3) of | | | | |the | | | | |Corporations| | | | |Act as | | | | |Mitsubishi | | | | |UFJ | | | | |Financial | | | | |Group, Inc. | | | | |has voting | | | | |power of | | | | |100% in | | | | |First | | | | |Sentier | | | | |Investors | | | | |Holdings Pty| | | | |Limited. | | +---------------------------+----------------+------------+----------+ |JP MORGAN CHASE |Mitsubishi UFJ |3,993,108 | | |Financial Group,| | | |Inc | | +---------------------------+----------------+------------+----------+ |National Australian bank |Mitsubishi UFJ |12,881,679 | | |Financial Group,| | | |Inc | | +---------------------------+----------------+------------+----------+ |Morgan Stanley Australia |Mitsubishi UFJ |Relevant |41,716,548| |Securities (Nominee) Pty |Financial Group,|interest in | | |Limited |Inc |securities | | | | |that Morgan | | | | |Stanley has | | | | |a relevant | | | | |interest in | | | | |under | | | | |section | | | | |608(3) of | | | | |the | | | | |Corporations| | | | |Act as | | | | |Mitsubishi | | | | |UFJ | | | | |Financial | | | | |Group, Inc. | | | | |has voting | | | | |power of | | | | |over 20% in | | | | |Morgan | | | | |Stanley. | | +---------------------------+----------------+------------+----------+ In the notice of its increase in its voting power, MUFG disclosed acquisitions and disposals of ordinary shares which occurred during the period from 27 May 2024 to 13 August 2024 (each inclusive).  During that period, the acquisition of 16,258,166 ordinary shares was disclosed for an average price of A$0.269 per share and the disposal of 3,374,293 ordinary shares was disclosed for an average of A$0.273 per share. 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: +--------------------------------+-----------------------------+ |Australian Media Relations |UK Media Relations | +--------------------------------+-----------------------------+ |Sodali & Co |Tavistock Communications | +--------------------------------+-----------------------------+ |Cameron Gilenko and Michael Weir|Jos Simson and Gareth Tredway| +--------------------------------+-----------------------------+ |Tel: +61 8 6160 4900 |Tel: +44 207 920 3150 | +--------------------------------+-----------------------------+ 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 3, 46 Colin Street West Perth, Western Australia, 6005 Email:  info@baseresources.com.au Phone: +61 8 9413 7400 Fax: +61 8 9322 8912 NOMINATED ADVISER & JOINT BROKER Canaccord Genuity Limited James Asensio / Raj Khatri / George Grainger Phone: +44 20 7523 8000 JOINT BROKER Berenberg Matthew Armitt / Detlir Elezi Phone: +44 20 3207 7800 This information was brought to you by Cision http://news.cision.com

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