BASE RESOURCES LIMITED - Vesting of 2014 cycle of performance rights

AIM and Media Release

6 October 2017

BASE RESOURCES LIMITED
Vesting of 2014 cycle of performance rights

Base Resources Limited (ASX & AIM: BSE) ("Base Resources" or the "Company") advises that, following performance testing of the 2014 cycle of rights issued pursuant to the Base Resources Long Term Incentive Plan ("LTIP") as at 30September 2017, a total of 4,961,983 new fully paid ordinary shares ("New Shares") in Base Resources have today been issued for the benefit of LTIP participants. In accordance with the terms of the LTIP, the New Shares were issued for nil cash consideration.

Following allocation of the New Shares, set out below are updated shareholding details for those employees classified as "persons discharging managerial responsibilities" for the purposes of the Market Abuse Regulation (EU).

Name	New Shares allocated	Total holding of shares (direct and non-direct)
Tim Carstens	890,126	2,118,648
Colin Bwye	890,126	2,728,865
Kevin Balloch	356,621	465,569
Colin Forbes	445,589	576,235
Andrew Greyling	52,906	1,464,060
Stephen Hay	397,378	397,378
Chadwick Poletti	113,873	133,990
Joe Schwarz	382,182	668,267
Denham Vickers	397,056	587,808

Following issue of the New Shares, the Company has the following securities on issue:

• 747,193,939 fully paid ordinary shares.
• 61,425,061 options (exercisable at A$0.40 on or before 31 December 2018).
• 57,054,948 performance rights issued pursuant to the terms of the LTIP.

ENDS.

CORPORATE PROFILE

Directors
Keith Spence (Non-Executive Chairman)
Tim Carstens (Managing Director)
Colin Bwye (Executive Director)
Sam Willis (Non-Executive Director)
Michael Stirzaker (Non-Executive Director)
Malcolm Macpherson (Non-Executive Director)

Company Secretary
Chadwick Poletti

NOMINATED ADVISOR & BROKERS
RFC Ambrian Limited
As Nominated Adviser:
Andrew Thomson / Stephen Allen
Phone: [phone]
As Joint Broker:
Jonathan Williams
Phone: [phone]

Numis Securities Limited
As Joint Broker:
John Prior / James Black / Paul Gillam
Phone: [phone]

SHARE REGISTRY: ASX
Computershare Investor Services Pty Limited
Level 11, 172 St Georges Terrace
PERTH WA 6000
Enquiries: 1300 850 505 / [phone]
www.computershare.com.au

SHARE REGISTRY: AIM
Computershare Investor Services PLC
The Pavilions
Bridgwater Road
BRISTOL BS99 6ZZ
Enquiries: [phone]
www.computershare.co.uk

AUSTRALIAN MEDIA RELATIONS
Cannings Purple
Annette Ellis / Andrew Rowell
Email: [e-mail] /
[e-mail]
Phone: [phone]

UK MEDIA RELATIONS
Tavistock Communications
Jos Simson / Emily Fenton
Phone: [phone]

KENYA MEDIA RELATIONS
Africapractice (East Africa)
Evelyn Njoroge / Joan Kimani
Phone: [phone]
Email: [e-mail]

PRINCIPAL & REGISTERED OFFICE
Level 1, 50 Kings Park Road
West Perth, Western Australia, 6005
Email: [e-mail]
Phone: [phone]
Fax: [phone]