Western Areas : Change in substantial holding

Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder
Company Name/Scheme ACN/ARSN		Western Areas Limited
		091 049 357
1. Details of Substantial Holder (1) Name AustralianSuper Pty Ltd
ACN/ARSN (if applicable)		006 457 987
There was a change in the interests of the substantial holder on 10 / 01 / 2017 The previous notice was given to the company on 09 / 11 / 2016 The previous notice was dated 09 / 11 / 2016 . Previous and present voting power The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows: . Changes in relevant interests Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows: . Present relevant interests Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:
Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
AustralianSuper Pty Ltd	JPMorgan Nominees Australia Ltd	JPMorgan Nominees Australia Ltd	Shareholder	ORD 16,994,177	16,994,177

2

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
ORDINARY	19,909,484	7.31%	16,994,177	6.24%

3

Date of change	Person whose relevant interest	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
REFER ATTACHED

4

1. Changes in association

   The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

   Name and ACN/ARSN (if applicable)	Nature of association
   N/A

2. Addresses

   The addresses of persons named in this form are as follows:

   Name	Address
   AustralianSuper Pty Ltd	Level 33, 50 Lonsdale Street Melbourne VIC 3000

   Signature

   print name Michelle Fredericks Capacity Analyst

   sign here Date 13/01/2017

   DIRECTIONS

3. If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

4. See the definition of "associate" in section 9 of the Corporations Act 2001.

5. See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

6. The voting shares of a company constitute one class unless divided into separate classes.

7. The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

8. Include details of:

9. any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

10. any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

    See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

11. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becom`e entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

12. If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

13. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

n this guide is intended as a guide only. Please consult youraccountant or solicitor forfurther advice.

Security Name	Security Code	Trade Description	Trade Date	Settlement Date	Units	Price
WESTERN AREAS LTD	6261243	OS-PUR	10/11/2016	14/11/2016	212,479	3.08
WESTERN AREAS LTD	6261243	OS-PUR	10/11/2016	14/11/2016	30,006	3.07
WESTERN AREAS LTD	6261243	OS-PUR	10/11/2016	14/11/2016	18,418	3.06
WESTERN AREAS LTD	6261243	OS-SAL	10/11/2016	14/11/2016	- 110,000	3.06
WESTERN AREAS LTD	6261243	OS-SAL	10/11/2016	14/11/2016	- 13,159	3.07
WESTERN AREAS LTD	6261243	OS-PUR	11/11/2016	15/11/2016	198,590	3.09
WESTERN AREAS LTD	6261243	OS-PUR	11/11/2016	15/11/2016	288,135	3.08
WESTERN AREAS LTD	6261243	OS-PUR	11/11/2016	15/11/2016	156,874	3.05
WESTERN AREAS LTD	6261243	OS-PUR	11/11/2016	15/11/2016	4,000	2.99
WESTERN AREAS LTD	6261243	OS-SAL	11/11/2016	15/11/2016	- 3,980	3.11
WESTERN AREAS LTD	6261243	OS-PUR	14/11/2016	16/11/2016	23,128	3.03
WESTERN AREAS LTD	6261243	OS-PUR	14/11/2016	16/11/2016	101,625	3.02
WESTERN AREAS LTD	6261243	OS-PUR	14/11/2016	16/11/2016	140,273	3.03
WESTERN AREAS LTD	6261243	OS-SAL	14/11/2016	16/11/2016	- 9,000	3.00
WESTERN AREAS LTD	6261243	OS-PUR	15/11/2016	17/11/2016	69,564	3.08
WESTERN AREAS LTD	6261243	OS-SAL	15/11/2016	17/11/2016	- 34,125	3.12
WESTERN AREAS LTD	6261243	OS-PUR	16/11/2016	18/11/2016	192,663	3.07
WESTERN AREAS LTD	6261243	OS-PUR	16/11/2016	18/11/2016	4,350	3.08
WESTERN AREAS LTD	6261243	OS-PUR	17/11/2016	21/11/2016	167,780	3.05
WESTERN AREAS LTD	6261243	OS-PUR	18/11/2016	22/11/2016	100,671	3.07
WESTERN AREAS LTD	6261243	OS-PUR	21/11/2016	23/11/2016	4,908	3.07
WESTERN AREAS LTD	6261243	OS-SAL	21/11/2016	23/11/2016	- 2,350	3.13
WESTERN AREAS LTD	6261243	OS-PUR	22/11/2016	24/11/2016	249,216	3.24
WESTERN AREAS LTD	6261243	OS-PUR	22/11/2016	24/11/2016	2,250	3.25
WESTERN AREAS LTD	6261243	OS-SAL	22/11/2016	24/11/2016	- 464,439	3.24
WESTERN AREAS LTD	6261243	OS-SAL	25/11/2016	25/11/2016	- 5,577,706	2.15
WESTERN AREAS LTD	6261243	OS-PUR	23/11/2016	25/11/2016	141,600	3.16
WESTERN AREAS LTD	6261243	OS-PUR	23/11/2016	25/11/2016	43,639	3.08
WESTERN AREAS LTD	6261243	OS-PUR	23/11/2016	25/11/2016	3,000	3.18
WESTERN AREAS LTD	6261243	OS-PUR	25/11/2016	25/11/2016	5,577,706	2.15

WESTERN AREAS LTD	6261243	OS-SAL	23/11/2016	25/11/2016	- 243,881	3.18
WESTERN AREAS LTD	6261243	OS-PUR	24/11/2016	28/11/2016	974,872	3.18
WESTERN AREAS LTD	6261243	OS-PUR	24/11/2016	28/11/2016	98,943	3.15
WESTERN AREAS LTD	6261243	OS-PUR	24/11/2016	28/11/2016	19,900	3.17
WESTERN AREAS LTD	6261243	OS-SAL	24/11/2016	28/11/2016	- 155,366	3.16
WESTERN AREAS LTD	6261243	OS-SAL	25/11/2016	29/11/2016	- 22,860	3.15
WESTERN AREAS LTD	6261243	OS-SAL	25/11/2016	29/11/2016	- 96,314	3.15
WESTERN AREAS LTD	6261243	OS-SAL	28/11/2016	30/11/2016	- 2,250	3.26
WESTERN AREAS LTD	6261243	OS-PUR	28/11/2016	30/11/2016	5,000	3.17
WESTERN AREAS LTD	6261243	OS-SAL	28/11/2016	30/11/2016	- 640,000	3.26
WESTERN AREAS LTD	6261243	OS-SAL	29/11/2016	1/12/2016	- 7,900	3.29
WESTERN AREAS LTD	6261243	OS-PUR	29/11/2016	1/12/2016	3,290	3.26
WESTERN AREAS LTD	6261243	OS-SAL	29/11/2016	1/12/2016	- 1,633,076	3.31
WESTERN AREAS LTD	6261243	OS-PUR	30/11/2016	2/12/2016	380,277	2.98
WESTERN AREAS LTD	6261243	OS-SAL	30/11/2016	2/12/2016	- 1,000	3.10
WESTERN AREAS LTD	6261243	OS-PUR	30/11/2016	2/12/2016	35,730	2.92
WESTERN AREAS LTD	6261243	OS-SAL	30/11/2016	2/12/2016	- 216,837	2.96
WESTERN AREAS LTD	6261243	OS-PUR	1/12/2016	5/12/2016	134,379	3.12
WESTERN AREAS LTD	6261243	OS-PUR	1/12/2016	5/12/2016	95,934	3.09
WESTERN AREAS LTD	6261243	OS-PUR	1/12/2016	5/12/2016	5,900	3.10
WESTERN AREAS LTD	6261243	OS-SAL	1/12/2016	5/12/2016	- 11,868	3.06
WESTERN AREAS LTD	6261243	OS-SAL	1/12/2016	5/12/2016	- 128,092	3.11
WESTERN AREAS LTD	6261243	OS-PUR	2/12/2016	6/12/2016	130,134	3.18
WESTERN AREAS LTD	6261243	OS-SAL	2/12/2016	6/12/2016	- 5,310	3.16
WESTERN AREAS LTD	6261243	OS-SAL	2/12/2016	6/12/2016	- 54,467	3.17
WESTERN AREAS LTD	6261243	OS-PUR	5/12/2016	7/12/2016	63,677	3.24
WESTERN AREAS LTD	6261243	OS-SAL	5/12/2016	7/12/2016	- 5,000	3.23
WESTERN AREAS LTD	6261243	OS-SAL	5/12/2016	7/12/2016	- 1,429,120	3.23
WESTERN AREAS LTD	6261243	OS-PUR	6/12/2016	8/12/2016	2,700	3.27
WESTERN AREAS LTD	6261243	OS-SAL	6/12/2016	8/12/2016	- 365,917	3.25
WESTERN AREAS LTD	6261243	OS-PUR	7/12/2016	9/12/2016	154,780	3.10
WESTERN AREAS LTD	6261243	OS-PUR	7/12/2016	9/12/2016	69,130	3.09