1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

KEFI Minerals plc (AIM: KEFI)

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

AUSDRILL INTERNATIONAL PTY LTD

4. Full name of shareholder(s)

(if different from 3.):

AS ABOVE

5. Date of the transaction and date on which the threshold is crossed or reached:

REFER ATTACHMENT A

6. Date on which issuer notified:

7. Threshold(s) that is/are crossed or reached:

REFER ATTACHEMENT A

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

129,073,000

129,073,000

228,279,349

228,279,349

N/A

7.31

N/A

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial

Expiration

Exercise/

Number of voting

% of voting

instrument

date

Conversion Period

rights that may be

rights

acquired if the

instrument is

exercised/ converted.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

228,279,349

7.31%

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Strati Gregoriadis, Ausdrill Group General Counsel

15. Contact telephone number:

+618 9311 5666

Registration

Date

Shares Issued

Accumulative Total Issued

Total KEFI Shares on

Issue

% of Total Shares on

Issue

Kefi Minerals (KEFI) Kefi Minerals (KEFI) Kefi Minerals (KEFI)

Kefi Minerals (KEFI)

08-May-15

15-Jun-15

10-Dec-15

21-Mar-16

33,000,000

41,250,000

54,823,000

99,206,349

33,000,000

74,250,000

129,073,000

228,279,349

1,645,336,880

1,744,447,480

2,621,638,902

3,120,998,693

2.01

4.26

4.92

7.31