12/24/2015 11:24 Al'1 FROM: +61 8 9321 8288 Westozfunds Management TO: 1300135638 PAGE: 001 OF 001

Form 605

Corporations Act

Section 671 B

Notice of ceasing to be a substantial holder

To Company Name/Scheme: Troy Resources Limited

ABN: 33 006 243 750

1. Details of substantial holder(1)

   
   

   Name: Westoz Funds Management Ply Ltd ACN 106 677 721

   
   

   The holder ceased to be a substantial holder on: The previous notice was given to the company on: The previous notice was dated:

   24 December 2015

   29 October 2015

   29 October 2015

   
   

2. Changes in relevant interests

   
   

   Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

   
   

   Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected		Person's votes affected
   23-Nov-15	Westoz Funds Manaaement Ptv Ltd	On market sale	-128,054.11	-532,671	Ord	-532,671
   24-Nov-15	As Above	On market sale	-134, 112.98	-584,880	Ord	-584,880
   25-Nov-15	As Above	On market sale	-338,296 21	-1,465, 120	Ord	-1,465, 120
   26-Nov-15	As Above	On market sale	-66,000.00	-300,000	Ord	-300,000

   
   

3. Changes in association

   The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

   Name and ACN/ARSN if a licable Nature of association Not a licable

   
   

4. Addresses

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

Name Address

Westoz Funds Mana ement Pl Ltd Level 18, 58 Mounts Ba Rd Perth print name Philip Rees capacity Director

sign here date 24 December 2015