Atlas Iron Limited

Published : November 16th, 2016

Change in substantial holding (Marathon)

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Change in substantial holding (Marathon)

Partner David Clee

T +61 2 9263 4368

[email protected]

Our ref DXC:TJG:1028611

16 November 2016 By mail



T +61 2 9263 4000 F +61 2 9263 4111 GTLAW.COM.AU


Company Announcements Platform Australian Securities Exchange

Notice of change of interests of substantial holders

Dear Sir/Madam

On behalf of Marathon Asset Management, L.P., we enclose a Form 604 (Notice of change of interests of substantial holders) in respect of Atlas Iron Limited ACN 110 396 168 (ASX:AGO) pursuant to section 671B of the Corporations Act 2001 (Cth).

Yours faithfully

Gilbert + Tobin

David Clee Partner

T +61 2 9263 4368

[email protected]


Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Atlas Iron Limited (Atlas) ACN/ARSN 110 396 168

  1. Details of substantial holder (1)

    Name Marathon Asset Management, L.P (Marathon), Marathon Asset Management GP, L.L.C (MAMG), Bruce Richards, Louis Hanover and the entities listed in Annexure A (Associates) (together the Substantial Holders).

    ACN/ARSN (if applicable)

    Not applicable.

    There was a change in the interests of the substantial holder on


    The previous notice was given to the company on


    The previous notice was dated


  2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as

    Class of securities (4)

    Previous notice

    Present notice

    Person's votes

    Voting power (5)

    Person's votes

    Voting power (5)

    Ordinary shares





  3. Changes In relevant interests

    Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate 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 Nature of

    interest change (6) changed

    Consideration given in relation to change (7)

    Class and number of securities affected

    Person's votes affected


    Marathon, MAMG, Net disposalof Bruce Richard, Louis ordinaryshares Hanover

    $3,452,904.21 approx .


    ordinary shares

    136 ,580 ,998

    See Annexure B

    The Managed

    See Annexure B.

    Entities listed in See Annexure B. Annexure B of this

    See Annexure B.

    See Annexure B.

    form .

  4. Present relevant interests

    Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

    Holder of relevant interest

    Registered holder of securities

    Person entitled to be

    registered as holder (8)

    Nature of relevant

    interest (6)

    Class and number of securities

    Person's votes


    The Managed Entities

    The Managed Entities

    Relevant interest under sections 608(1)(b) and (c) of the Corporations Act 2001 (Cth) (Corporations Act) in the ordinary

    shares held by or on behalf of the funds listed in Annexure A of this form (Managed Entities).


    ordinary shares



    The Managed Entities

    The Managed Entities

    In its capacity as the general partner of Marathon.


    ordinary shares


    Bruce Richards

    The Managed Entities

    The Managed Entities

    In his capacity as a person whose voling power in MAMG is greater than 20%.


    ordinary shares


    Louis Hanover

    The Managed Entities

    The Managed Entities

    In his capacity as a person whose voting power in MAMG is greater than 20%.


    ordinary shares


    The Managed Entities

    See Annexure A

  5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows :

Name and ACN/ARSN (if applicable)

Nature of association

MAMG, Marathon and the Managed Entities

No change in association.

6. Addresses

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



Marathon, each of the Managed Entities, MAMG, Bruce Richards and Louis Hanover

One Bryant Park, 38th Floor, New York , New York, United States, 10036


Marathon Asset Management, LP

print name LOUIS HANOVER



sign here Date11


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Atlas Iron Limited

ISIN : AU000000AGO1
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Atlas Iron is an exploration iron company based in .

Atlas Iron holds various exploration projects in Australia.

Its main asset in production is PARDOO in Australia, its main assets in development are WODGINA and RIDLEY MAGNETITE PROJECT in Australia and its main exploration properties are ABYDOS, MT WEBBER and MID WEST IRON in Australia.

Atlas Iron is listed in Australia and in Germany. Its market capitalisation is AU$ 166.7 millions as of today (US$ 134.0 millions, € 111.6 millions).

Its stock quote reached its highest recent level on July 29, 2011 at AU$ 3.96, and its lowest recent point on June 24, 2016 at AU$ 0.01.

Atlas Iron has 9 261 129 728 shares outstanding.

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