Announcement PDF 603 page 1/2 15 July 2001 Form 603 Corporations Act 2001 Section 671B Notice of initial substantial holder To Company Name/Scheme Tesoro Resources Limited (previously Plukka Limited) ACN/ARSN 106 854 175 1. Details of substantial holder (1) Name Geoffrey William McNamara, Tanamera Resources Pte Ltd, Linkwood Holdings Pte Ltd and Medea Natural Resources Limited ACN/ARSN (if applicable) N/A The holder became a substantial holder on 29/01/2020 2. Details of 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 on the date the substantial holder became a substantial holder are as follows: Class of securities (4) Number of securities Person's votes (5) Voting power (6) Fully paid ordinary shares (Shares) 39,679,405 39,769,405 10.94% (based on 362,673,387 Shares on issue) 3. Details of relevant interests The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows: Holder of relevant interest Nature of relevant interest (7) Class and number of securities Tanamera Resources Pte Ltd Relevant interest under section 608(1) of the Corporations Act 2001 21,910,546 Shares Linkwood Holdings Pte Ltd Relevant interest under section 608(1) of the Corporations Act 2001 15,184,259 Shares Medea Natural Resources Limited Relevant interest under section 608(1) of the Corporations Act 2001 2,674,600 Shares Geoffrey William McNamara Deemed relevant interest under section 608(3) of the Corporations Act 2001 39,769,405 Shares 4. Details of present registered holders The persons registered as holders of the securities referred to in paragraph 3 above are as follows: Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Class and number of securities Tanamera Resources Pte Ltd Tanamera Resources Pte Ltd Tanamera Resources Pte Ltd 21,910,546 Shares Linkwood Holdings Pte Ltd Linkwood Holdings Pte Ltd Linkwood Holdings Pte Ltd 15,184,259 Shares Medea Natural Resources Limited (as nominee of Linkwood Holdings Pte Ltd) Medea Natural Resources Limited Linkwood Holdings Pte Ltd 2,674,600 Shares Geoffrey William McNamara Tanamera Resources Pte Ltd, Linkwood Holdings Pte Ltd, and Medea Natural Resources Limited Tanamera Resources Pte Ltd and Linkwood Holdings Pte Ltd 39,769,405 Shares 5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows: Holder of relevant interest Date of acquisition Consideration (9) Cash Class and number of securities Non-Cash Tanamera Resources Pte Ltd 29/01/2020 Consideration Shares issued to Tanamera Resources Pte Ltd in its capacity as a shareholder in Tesoro Resources Limited, as approved by Shareholders pursuant to Resolution 5 of the Company’s Notice of Annual General Meeting dated 24 October 2019 8,510,179 Shares Tanamera Resources Pte Ltd 29/01/2020 Issued for nil cash consideration as conversion of existing accrued director loans in favour of Geoffrey McNamara, as approved by Shareholders pursuant to Resolution 14 of the Company’s Notice of Annual General Meeting dated 24 October 2019 12,400,367 Shares Tanamera Resources Pte Ltd 29/01/2020 Issued for nil cash consideration in satisfaction of services previously rendered to Tesoro Resources Limited, as approved by Shareholders pursuant to Resolution 15 of the Company’s Notice of Annual General Meeting dated 24 October 2019. 1,000,000 Shares Linkwood Holdings Pte Ltd 29/01/2020 Consideration Shares issued to Linkwood Holdings in its capacity as a shareholder in Tesoro Resources Limited, as approved by Shareholders pursuant to Resolution 5 of the Company’s Notice of Annual General Meeting dated 24 October 2019 15,184,259 Shares Medea Natural Resources Limited (as nominee of Linkwood Holdings Pte Ltd) 29/01/2020 Issued for nil cash consideration in satisfaction of services previously rendered to Tesoro Resources Limited, as approved by Shareholders pursuant to Resolution 15 of the Company’s Notice of Annual General Meeting dated 24 October 2019. 2,674,600 Shares Geoffrey McNamara 29/01/2020 Consideration as per each of the above 39,769,405 Shares William 6. Associates The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows: Name and ACN/ARSN (if applicable) NA Nature of association NA 7. Addresses The addresses of persons named in this form are as follows: Name Tanamera Resources Pte Ltd Linkwood Holdings Pte Ltd Medea Natural Resources Limited Geoffrey William McNamara Address #07-00 ASO Building 8 Robinson Road Singapore, 048544 #07-00 ASO Building 8 Robinson Road Singapore, 048544 Lynton House 7-12 Tavistock Square London, WC1H 9BQ 7L Tong Watt Road Singapore, 238022 Signature Geoffrey William McNamara Print Name Sign here 06/02/2020 Date 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 7of 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 671B(7) of the Corporations Act 2001. (4) The voting shares of a company constitute one class unless divided into separate classes. (5) 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. (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. (7) Include details of: (a) 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 (b) 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. (8) If the substantial holder is unable to determine the identity of the person (e.g. if the relevant interest arises because of an option) write "unknown". (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.