Becoming a substantial holder from WBC

Page 1 of 6


Form 603

Corporations Act 2001
Section 671B

Notice of initial substantial holder



To Company Name/Scheme Heavy Minerals Limited


ACN/ARSN ACN 647 831 883



1. Details of substantial holder(1)

Name WESTPAC BANKING CORPORATION (WBC) and its associated entities listed
in Annexure ‘B ’


ACN/ARSN (if applicable) ACN 007 457 141


The holder became a substantial holder on 22/08/2022



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)
Ordinary Shares 2,711,043 2,711,043
Total 2,711,043 2,711,043 5.03%


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) Number of securities Class of securities
Westpac RE Limited Westpac RE Limited is
the manager of various
superannuation funds,
institutional investor
portfolios and unit trusts
and, in that capacity, can
exercise the power to
vote or dispose of the
shares.
2,711,043 Ordinary


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
Persons entitled to be
registered as holder (8)
Class and number of
securities
Westpac RE Limited HSBC Custody
Nominees (Australia)
Limited.
See Annexure 'A' 2,711,043
Ordinary

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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) Class and number of
securities
Cash Non-cash
WBC & associates See Annexure ‘A’ See Annexure ’A’ See Annexure ’A’


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)

Nature of association



7. Addresses

The addresses of persons named in this form are as follows:

Name

Address
Westpac Banking Corporation (WBC) Level 18, Westpac Place, 275 Kent St, Sydney
NSW 2000
Westpac RE Limited Level 18, Westpac Place, 275 Kent Street, Sydney
NSW 2000
Heavy Minerals Limited Level 11, London House, 216 St George’s
Terrace, Perth, WA 6000





Signature

Print name Timothy Hartin Capacity Company Secretary


Sign here Date 24/8/2022

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DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (e.g. 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.

(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 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 with 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.

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ANNEXURE A

This is annexure ‘A’ referred to in Form 603, Notice of initial substantial holder, lodged for Westpac Banking Corporation ACN
007 457 141 and its associated entities.

Tim Hartin – Company Secretary, Westpac Banking Corporation 22/08/2022

TRANSACTION HISTORY

Sales & Purchases for the period: 22/04/2022 to 22/08/2022

SECURITY: HVY


Westpac RE Limited

Date Registered Company
Nature of
Change
Quantity Consideration
Class of
Securities
Person’s
votes
affected
22/04/2022
HSBC Custody Nominees (Australia) Limited
Buy 162107 35663.54
Ordinary
162107
26/04/2022
HSBC Custody Nominees (Australia) Limited
Buy 53365 12273.95
Ordinary
53365
26/04/2022
HSBC Custody Nominees (Australia) Limited
Buy 57893 12736.46
Ordinary
57893
26/04/2022
HSBC Custody Nominees (Australia) Limited
Buy 400000 92000
Ordinary
400000
27/04/2022
HSBC Custody Nominees (Australia) Limited
Buy 66635 15326.05
Ordinary
66635
27/04/2022
HSBC Custody Nominees (Australia) Limited
Buy 170000 40800
Ordinary
170000
2/05/2022
HSBC Custody Nominees (Australia) Limited
Buy 350000 98000
Ordinary
350000
25/05/2022
HSBC Custody Nominees (Australia) Limited
Sell -70542 -14108.4
Ordinary
70542
30/05/2022
HSBC Custody Nominees (Australia) Limited
Sell -50000 -10500
Ordinary
50000
31/05/2022
HSBC Custody Nominees (Australia) Limited
Sell -55000 -11550
Ordinary
55000
1/06/2022
HSBC Custody Nominees (Australia) Limited
Sell -55000 -11000
Ordinary
55000
21/06/2022
HSBC Custody Nominees (Australia) Limited
Sell -22193 -4216.67
Ordinary
22193
24/06/2022
HSBC Custody Nominees (Australia) Limited
Buy 600000 114000
Ordinary
600000
27/06/2022
HSBC Custody Nominees (Australia) Limited
Sell -60000 -11400
Ordinary
60000
27/06/2022
HSBC Custody Nominees (Australia) Limited
Sell -90000 -17100
Ordinary
90000
28/06/2022
HSBC Custody Nominees (Australia) Limited
Sell -75000 -14250
Ordinary
75000
28/06/2022
HSBC Custody Nominees (Australia) Limited
Sell -80000 -15200
Ordinary
80000
18/08/2022
HSBC Custody Nominees (Australia) Limited
Buy 50000 10500
Ordinary
50000

Total

1,352,265 321,974.93
Ordinary



Westpac RE Limited Total :

1,352,265 321,974.93

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ANNEXURE B – ASSOCIATED COMPANIES

This is the annexure ‘B’ (being 2 pages) referred to in Form 603, Notice of initial substantial holder, lodged for Westpac Banking
Corporation ACN 007 457 141 and its associated entities

Tim Hartin – Company Secretary, Westpac Banking Corporation – 22/08/2022

Westpac Banking Corporation Australia

St.George Security Holdings Pty Limited Australia
1925 (Commercial) Pty Limited Australia

Sydney Capital Corporation Inc. USA
1925 (Industrial) Pty Limited Australia

The Home Mortgage Company Limited
New
Zealand
1925 Advances Pty Limited Australia

Value Nominees Pty Limited Australia
Advance Asset Management Limited Australia

W2 Investments Pty Limited Australia
Altitude Administration Pty Limited Australia

Waratah Receivables Corporation Pty Limited Australia
Altitude Rewards Pty Limited Australia

Waratah Securities Australia Limited Australia
Aotearoa Financial Services Limited
New
Zealand

Westpac (NZ) Investments Limited
New
Zealand
Asgard Capital Management Limited Australia

Westpac Administration 2 Pty Limited Australia
Asgard Wealth Solutions Limited Australia

Westpac Administration 3 Pty Limited Australia
Belliston Pty Limited Australia

Westpac Administration 4 Pty Limited Australia
Bill Acceptance Corporation Pty Limited Australia

Westpac Administration Pty Limited Australia
BT (Queensland) Pty Limited Australia

Westpac Altitude Rewards Trust Australia
BT Australia Pty Limited Australia

Westpac Americas Inc. USA
BT Financial Group (NZ) Limited
New
Zealand

Westpac Asian Lending Pty Limited Australia
BT Financial Group Pty Limited Australia

Westpac Bank-PNG-Limited
Papua New
Guinea
BT Financial Group Holdings Pty Limited Australia

Westpac Capital Markets Holding Corp. USA
BT Financial Group Resources Pty Limited Australia

Westpac Capital Markets LLC USA
BT Funds Management (NZ) Limited
New
Zealand

Westpac Capital-NZ-Limited
New
Zealand
BT Funds Management Limited Australia

Westpac Cash PIE Fund
New
Zealand
BT Funds Management No.2 Limited Australia

Westpac Covered Bond Trust Australia
BT Portfolio Services Limited Australia

Westpac Debt Securities Pty Limited Australia
BT Securities Limited Australia

Westpac Digital Partnerships Pty Limited Australia
Capital Corporate Finance Pty Limited Australia

Westpac Direct Equity Investments Pty Limited Australia
Capital Finance Australia Limited Australia

Westpac Equity Holdings Pty Limited Australia
Capital Finance (NZ) Pty Limited
New
Zealand

Westpac Equity Investments NZ Limited
New
Zealand
CBA Pty Limited

Australia

Westpac Europe Limited UK
Challenge Limited Australia

Westpac Europe GmbH Germany
Crusade ABS Series 2017-1P Trust Australia

Westpac Finance (HK) Limited Hong Kong
Crusade ABS Series 2018-1P Trust Australia

Westpac Financial Consultants Pty Limited Australia
Crusade Trust No.2P of 2008 Australia

Westpac Financial Holdings Pty Limited Australia
Danaby Pty Limited Australia

Westpac Financial Services Group Limited Australia
General Credits Pty Limited Australia

Westpac Financial Services Group-NZ-Limited
New
Zealand
GIS Private Nominees Pty Limited Australia

Westpac Financial Services Limited Australia
Hastings Funds Management Pty Limited Australia

Westpac Global Capital Markets Pty Limited Australia
Hastings Management Pty Limited Australia

Westpac Group Investment-NZ-Limited
New
Zealand
Hyde Potts Insurance Services Pte. Limited Singapore

Westpac Holdings-NZ-Limited
New
Zealand
Magnitude Group Pty Limited Australia

Westpac Investment Capital Corporation USA
MoneyBrilliant Pty Ltd Australia

Westpac Investment Vehicle No.2 Pty Limited Australia

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Mortgage Management Pty Limited Australia

Westpac Investment Vehicle No.3 Pty Limited Australia
Net Nominees Limited
New
Zealand

Westpac Investment Vehicle Pty Limited Australia
Number 120 Limited Australia

Westpac Leasing Nominees-Vic.-Pty Limited Australia
Partnership Pacific Pty Limited Australia

Westpac New Zealand Group Limited
New
Zealand
Partnership Pacific Securities Pty Limited Australia

Westpac New Zealand Limited
New
Zealand
Pashley Investments Pty Limited Australia

Westpac New Zealand Staff Superannuation
Scheme Trustee Limited
New
Zealand
Pendal Short Term Income Fund Australia

Westpac Nominees-NZ-Limited
New
Zealand
Qvalent Pty Limited Australia

Westpac Notice Saver PIE Fund
New
Zealand
RAMS Financial Group Pty Limited
New
Zealand

Westpac NZ Covered Bond Holdings Limited
New
Zealand
Red Bird Ventures Limited Australia

Westpac NZ Covered Bond Limited
New
Zealand
Reinventure Special Purpose Investment Unit Trust Australia

Westpac NZ Operations Limited
New
Zealand
Reinventure Fund, I.L.P. Australia

Westpac NZ Securitisation Holdings Limited
New
Zealand
Reinventure Fund II I.L.P Australia

Westpac NZ Securitisation Limited
New
Zealand
Reinventure Fund III I.L.P Australia

Westpac NZ Securitisation No.2 Limited
New
Zealand
RMS Warehouse Trust 2007-1 Australia

Westpac Overseas Holdings No. 2 Pty Limited Australia
Sallmoor Pty Limited Australia

Westpac Overseas Holdings Pty Limited Australia
Securitor Financial Group Pty Limited Australia

Westpac Properties Pty Limited Australia
Series 2008-1M WST Trust Australia

Westpac RE Limited Australia
Series 2013-1 WST Trust Australia

Westpac Securities Administration Limited Australia
Series 2013-2 WST Trust Australia

Westpac Securities Limited Australia
Series 2014-1 WST Trust Australia

Westpac Securities NZ Limited
New
Zealand
Series 2014-2 WST Trust Australia

Westpac Securitisation Holdings Pty Limited Australia
Series 2015-1 WST Trust Australia

Westpac Securitisation Management Pty Limited Australia
Series 2019-1 WST Trust Australia

Westpac Singapore Limited Singapore
Series 2020-1 WST Trust Australia

Westpac Structured Products Limited Australia
Series 2021-1 WST Trust Australia

Westpac Superannuation Nominees-NZ-Limited
New
Zealand
Series 2022-1P WST Trust Australia

Westpac Syndications Management Pty Limited Australia
Sixty Martin Place (Holdings) Pty Limited Australia

Westpac Term PIE Fund
New
Zealand
St.George Business Finance Pty Limited Australia

Westpac TPS Trust Australia
St.George Finance Holdings Limited Australia

Westpac Unit Trust Australia
St.George Finance Limited Australia

Westpac USA Inc. USA
St.George Motor Finance Limited Australia