Takeover Bid Closure Compliance Disclosure

AIM and Media Release 11 February 2015 BASE RESOURCES LIMITED TAKEOVER BID CLOSURE COMPLIANCE DISCLOSURE Base Resources Limited (ASX:BSE, AIM:BSE) ("Base" or the "Company") announcesthat the offer by Base for all of the issued capital in World TitaniumResources Limited closed at 7.00pm (WST) on 6 February 2015. In compliance with ASX Listing Rule 3.4.1, a holding distribution schedule andlisting of the largest 20 shareholders for Base as at 6 February 2015 is setout below: Largest 20 shareholders as at Friday 6 February 2015 NAME NUMBER OF % SHARES 1. HSBC Custody Nominees 169,558,108 30.07 2. J P Morgan Nominees Australia Limited 108,791,178 19.29 3. Pacific Road Capital Management GP II Limited 98,184,512 17.41 4. National Nominees Limited 50,558,143 8.97 5. Citicorp Nominees Pty Limited 25,296,202 4.49 6. UBS Nominees Pty Ltd 13,384,757 2.37 7. Pacific Road Capital II Pty Ltd 8. Warbont Nominees Pty Ltd 6,195,812 1.10 9. HSBC Custody Nominees 5,625,071 1.00 10. Citicorp Nominees Pty Limited 11. Raptor Securities Pty Ltd 3,180,000 0.56 12. Alchemy Securities Pty Ltd 3,150,000 0.56 13. HSBC Custody Nominees 2,990,015 0.53 14. Pacific Road Capital Mgmnt Gp II Ltd 2,433,861 0.43 15. CPU Share Plans Pty Ltd 2,062,742 0.37 16. Zero Nominees Pty Ltd 1,828,333 0.32 17. Pacific Road Capital II Pty Limited 1,648,165 0.29 18. Ms Rita Marian Brooks + Mr William Tobias Brooks 1,569,973 0.28 19. Raptor Securities Pty Ltd 1,360,000 0.24 20. Computershare Clearing Pty Ltd 1,320,289 0.23 516,831,927 91.65 Holding distribution schedule as at Friday 6 February 2015 Holders Units % 1 - 1000 111 18,353 0.00 1001 - 5000 161 484,387 0.09 5001 - 10000 147 1,266,440 0.22 10001 - 100000 441 16,175,148 2.87 100001 and over 115 545,958,443 96.82 975 563,902,771 100.00 A full PDF version of the notice is available from www.asx.com.au and theCompany's website: www.baseresources.com.au. ENDS For further enquiries contact: Base Resources LimitedTim CarstensManaging DirectorEmail: [email protected]: +61 (0)8 9413 7400 RFC Ambrian Limited (Nominated Adviser and Broker)As Nominated Adviser As BrokerAndrew Thomson or Trinity McIntyre Jonathan WilliamsPhone: +61 (0)8 9480 2500 Phone: +44 20 3440 6800 Africapractice (East Africa) (Kenyan Media Relations)David Maingi/ James Njuguna/Joan KimaniPhone: +254 (0)20 239 6899Email: [email protected] Tavistock Communications (UK Media Relations)Jos Simson / Emily Fenton / Nuala GallagherPhone: +44 (0) 207 920 3150 Cannings Purple (Australian Media Relations)Annette Ellis / Warrick HazeldineEmail: [email protected]@canningspurple.com.auPhone: +61 (0)8 6314 6300 Corporate Details: Board of Directors:Andrew King Non-Executive ChairmanTim Carstens Managing Director Colin Bwye Executive DirectorSam Willis Non-Executive DirectorMichael Anderson Non-Executive DirectorMichael Stirzaker Non-Executive DirectorMalcolm Macpherson Non-Executive DirectorWinton Willesee Company Secretary Principal & Registered Office: Contacts:Level 1 Email: [email protected] Kings Park Road Phone: +61 (0)8 9413 7400West Perth Fax: +61 (0)8 9322 8912WA 6005