Holding(s) in Company 08.04.2016

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

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 thenotification obligation:

AUSDRILL INTERNATIONAL PTY LTD

4. Full name of shareholder(s) (if different from 3.):

AS ABOVE

5. Date of the transaction and date onwhich the threshold is crossed orreached:

REFER ATTACHMENT A

6. Date on which issuer notified:

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

REFER ATTACHEMENT A

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% 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 financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

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

Resulting situation after the triggering transaction

Type of financialinstrument

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%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

Ausdrill International Pty Ltd, ACN 069 769 811 is a wholly owned subsidiary company of Ausdrill Limited, a company registered in Western Australia, ACN 009 211 474, and listed on the Australian Securities Exchange (ASX: ASL)

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting 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