SAKARI RESOURCES LIMITED: NOTICE OF CESSATION OF SUBSTANTIAL SHAREHOLDING

Notice of Interest/Change in Interest
* Asterisks denote mandatory information
Name of Announcer *	SAKARI RESOURCES LIMITED
Company Registration No.	199504024R
Announcement submitted on behalf of	SAKARI RESOURCES LIMITED
Announcement is submitted with respect to *	SAKARI RESOURCES LIMITED
Announcement is submitted by *	Graeme Tivey
Designation *	Company Secretary
Date & Time of Broacast	23-Mar-2012 18:01:04
Announcement No.	00104
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	22/03/2012
2. Name of Substantial Shareholder *	Neptune LLC
3. Please tick one or more appropriate box(es): *
- Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

>> Part II
1. Date of change of [Select Option]
2. Name of Registered Holder
3. Circumstance(s) giving rise to the interest or change in interest
# Please specify details
4. Information relating to shares held in the name of the Registered Holder
No. of N.A. held before the change
As a percentage of issued share capital
No. of N.A. which are subject of this notice
As a percentage of issued share capital
Amount of consideration (excluding brokerage and stamp duties) per share paid or received
No. of N.A. held after the change
As a percentage of issued share capital

>> Part III
1. Date of change of Deemed Interest	26/09/2011
2. The change in the percentage level	From 7.26 % to 0 %
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	Dissolution of Neptune LLC. (an indirect intermediate parent company). Neptune LLC. had a deemed interest by virtue of section 7(4) of the Companies Act, in the interests of Newton Investment Management Limited in the shares of Sakari Resources Ltd.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions	The change of percentage level is due to the dissolution of Neptune LLC, there was no transaction of shares. All interests of Neptune LLC have bee assumed by MBC Investments Corporation, its direct corporate parent, which has also been previously disclosed as a party with deemed interest in those same securities.

>> Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	0	82,305,000
As a percentage of issued share capital	0 %	7.26 %
No. of shares held after the change	0	0
As a percentage of issued share capital	0 %	0.00 %