Change of Interests of Significant Shareholders

ASX, AIM and Media Release 11 December 2013 NOTICE OF CHANGE OF INTERESTS OF SIGNIFICANT SHAREHOLDERS Base Resources Limited (ASX & AIM: BSE) ("Base") wishes to advise that it hasreceived notification from significant shareholders, Westpac BankingCorporation and its associated companies including BT Investment ManagementLimited, advising that they together currently hold interests in 33,617,796ordinary shares in Base representing 5.98% of the Company's issued sharecapital, following the net disposal of 5,979,655 ordinary shares between Apriland December 2013. The total holding above is an aggregate of interests held by Westpac BankingCorporation and its associated companies including BT Investment ManagementLimited as detailed in the full version of notice lodged on the ASX today, acopy of which is available at the Company's website: www.baseresources.com.au. ENDS For further enquiries contact: Base Resources Limited Winton Willesee Company Secretary Email: [email protected] Phone: +61 (0)8 9413 7400 RFC Ambrian Limited (Nominated Adviser and Broker) As Nominated Adviser As Broker Andrew Thomson or Trinity McIntyre Jonathan Williams Phone: +61 (0)8 9480 2500 Phone: +44 20 3440 6800 Corporate Details: Board of Directors: Andrew King Non-Executive Chairman Tim Carstens Managing Director Colin Bwye Executive Director Sam Willis Non-Executive Director Michael Anderson Non-Executive Director Trevor Schultz Non-Executive Director Michael Macpherson Non-Executive Director Winton Willesee Company Secretary Principal & Registered Office: Contacts: Level 1 Email: [email protected] 50 Kings Park Road Phone: +61 (0)8 9413 7400 West Perth Fax: +61 (0)8 9322 8912

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