Western Areas : Ceasing to be a substantial holder from MQG

Form 605‌ Corporations Act 2001 Section 671B Notice of ceasing to be a substantial holder To:

Company Name/Scheme ABN/ACN/ARSN

Western Areas Ltd WSA.AX

68 091 049 357

1. Details of substantial holder

   Name Macquarie Group Limited ('MQG'); and

   its controlled bodies corporate listed in Annexure A ('Macquarie Group Entities')

   ABN/ACN/ARSN (if applicable) 122 169 279

   There holder ceased to be a substantial holder on: 28 July 2017 The previous notice was given to the company on: 28 July 2017 The previous notice was dated: 25 July 2017

2. Change in relevant interests

   The particulars of each 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:

   Date of change	Person whose relevant interest has changed	Nature of change	Consideration given in relation to change	Number of securities affected	Class	Person's votes affected
   See Annexure B

3. Changes in association

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

   Name and ACN (if applicable)	Nature of association
   Macquarie Group Limited & Macquarie Group Entities	Controlled Bodies Corporate

4. Addresses

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

Name	Address
MACQUARIE GROUP LIMITED	Level 6, 50 Martin Place, Sydney, New South Wales, Australia 2000
MACQUARIE BANK LIMITED	Level 6, 50 Martin Place, Sydney, New South Wales, Australia 2000
MACQUARIE INVESTMENT MANAGEMENT AUSTRALIA LTD	Level 6, 50 Martin Place, Sydney, New South Wales, Australia 2000
MACQUARIE LIFE LIMITED	Level 6, 50 Martin Place, Sydney, New South Wales, Australia 2000

Signature

print name Dennis Leong

Capacity Company Secretary

sign here

Date 2 August 2017

ANNEXURE 'A'

This is the annexure marked 'A' of 16 pages referred to in the Notice of initial substantial holder.

Dennis Leong Company Secretary, Macquarie Group Limited

2 August 2017

Controlled Bodies Corporate

ACN / Company No	Entity Name	Incorp Country
136 024 970	A.C.N. 136 024 970 PTY LTD	Australia
154 402 927	A.C.N. 154 402 927 Pty Ltd	Australia
0113-01-020216	ACACIA RENEWABLES K.K.	Japan
153 275 677	ACN 153 275 677 Pty Ltd	Australia
Advantage Funding Auto Trust	United States
Advantage Funding Commercial Capital Corp.	United States
Advantage Funding Leasing LLC	United States
Advantage Funding Management Co., Inc.	United States
Advantage Funding Receivables LLC	United States
Advantage Funding Services LLC	United States
Advantage Title Agent LLC	United States
9783406	Aerospace Finance 6771 UK Limited	United Kingdom
09812041	Aerospace Finance 6816 UK Limited	United Kingdom
9819666	Aerospace Finance 6818 UK Limited	United Kingdom
081119477	ALLOCA (NO. 4) PTY. LIMITED	Australia
Alster & Thames Partners (USA) LLC	United States
Arbor Village Property Owner LLC	United States
20-3690322	AVENAL POWER CENTER, LLC	United States
Battery Storage Holdings, LLC	United States
008604966	BELIKE NOMINEES PTY. LIMITED	Australia
Bella Holdings LLC	United States
Bella Property Owner LLC	United States
20-5600465	BIG SANDY CREEK WIND, LLC	United States
20-2937246	Blue Grass Abstract LLC	United States
46-5587770	Blueshine, LLC	United States
Bluestone Equity Release Series 1 Warehouse Trust	Australia
30-0746347	Boketo LLC	United States
008607065	BOND STREET CUSTODIANS LIMITED	Australia
008606924	BOND STREET INVESTMENTS PTY. LIMITED	Australia
004680004	BOSTON AUSTRALIA PTY LIMITED	Australia
005008702	BOSTON LEASING PTY. LIMITED	Australia
Buckeye Campus Energy Holdings LLC (Dissolved 25/07/2017)	United States
Buckeye Campus Energy LLC (Dissolved 25/07/2017)	United States
88217	Bunhill Investments Unlimited	Jersey
002865830	BUTTONWOOD NOMINEES PTY LIMITED	Australia
Canadian Breaks II LLC	United States
26-5600465	CANADIAN BREAKS LLC	United States
04800336	Capital Meters Holdings Limited	United Kingdom
04800317	Capital Meters Limited	United Kingdom
09908998	CHAPTRE Investments Limited	United Kingdom
06373185	Cheeryble Developments Limited	United Kingdom
46527C1/GBL	CHINA PROPERTY INVESTMENTS LIMITED	Mauritius
20-2937258	Closing Documentation Services, LLC	United States
CMC Holdco Inc.	United States
CMC Railroad, Inc.	United States
30-0791081	Colorado - PTH, LLC	United States
CER151028DM3	Comercializadora Energia de la Reforma S. de R.L. de C.V.	Mexico
Commerce and Industry Brokerage Inc.	United States
Connecticut Mystic Lien, LLC	United States
03241012	Corona Energy Limited	United Kingdom
03241002	Corona Energy Retail 1 Limited	United Kingdom
SC138299	Corona Energy Retail 2 Limited	United Kingdom
02746961	Corona Energy Retail 3 Limited	United Kingdom
02798334	Corona Energy Retail 4 Limited	United Kingdom
07545410	Corona Energy Retail 5 Limited	United Kingdom
02879748	Corona Gas Management Limited	United Kingdom
51-0566317	Crystal Screens Media Inc.	United States
64075C1/GBL	DALIAN II HOLDING COMPANY LIMITED	Mauritius
10520639	Danube Investments Limited	United Kingdom
37-1737048	DC - PTH, LLC	United States
47-5449633	Delaware Asia Select Fund	United States
23-3061021	Delaware Capital Management	United States

27-1291359	Delaware Capital Management Advisers, Inc.	United States
23-2226487	Delaware Distributors, Inc.	United States
23-2791871	Delaware Distributors, L.P.	United States
46-3152566	Delaware Emerging Market Debt Fund	United States
46-4850078	Delaware Investments Advisers Partner, Inc.	United States
N/A	Delaware Investments Corporate Bond Fund (UCITs)	Ireland
46-4639812	Delaware Investments Distribution Partner, Inc.	United States
46-1906107	Delaware Investments Fund Advisers	United States
46-5056965	Delaware Investments Fund Services Company	United States
Delaware Investments Global Value Equity (UCITs)	Ireland
N/A	Delaware Investments Global Value Equity Fund (UCITs)	Ireland
13-3465352	Delaware Investments Management Company, LLC	United States
23-2859589	Delaware Management Company	United States
23-2601407	Delaware Management Trust Company	United States
27-2437046	Delaware Real Estate Absolute Return Partners, Inc.	United States
13-3465338	Delaware Service Company, Inc.	United States
81-2626999	Delaware Small Cap Growth Fund	United States
DELTA1 FINANCE TRUST	Australia
008606871	DEXIN NOMINEES PTY. LIMITED	Australia
083 158 614	DIVCO 22 PTY LIMITED	Australia
East Inwood Arbor, LLC	United States
094631964	EASTERN SEA TRADING PTY LIMITED	Australia
608 027 505	EDUWEST EQUITY HOLDING PTY LIMITED	Australia
608 027 434	EDUWEST PROJECT CO PTY LIMITED	Australia
608 027 596	EDUWEST PROJECT HOLDING COMPANY PTY LIMITED	Australia
127338827	ELAINE WINDFARM PTY LTD	Australia
Electrodes Holdings, LLC	United States
069344001	ELISE NOMINEES PTY LIMITED	Australia
SC546822	Energetics Asset Management UK Limited	United Kingdom
SC234695	Energetics Design & Build Limited	United Kingdom
SC234694	Energetics Electricity Limited	United Kingdom
SC303150	Energetics Gas Limited	United Kingdom
SC455073	Energetics Holdco Limited	United Kingdom
SC455134	Energetics Midco Limited	United Kingdom
SC293480	Energetics Networked Energy Ltd.	United Kingdom
SC546714	Energetics Networks UK Limited	United Kingdom
SC455074	Energetics Topco Limited	United Kingdom
006435810	EQUITAS NOMINEES PTY. LIMITED	Australia
ERC Holdco LLC	United States
079878783	EURO FIN CO PTY LTD	Australia
20-5600465	FAS 1 LLC	United States
137357	FINCH SECURITIES LIMITED	Cayman Islands
12-377-980/0001-25	FIP Gestora de Recursos Ltda.	Brazil
80-0940702	FL - PTH 1, LLC	United States
36-4767568	FL - PTH 10, LLC	United States
90-1004919	FL - PTH 2, LLC	United States
61-1718024	FL - PTH 3, LLC	United States
80-0941771	FL - PTH 4, LLC	United States
90-1005859	FL - PTH 5, LLC	United States
80-0942248	FL - PTH 6, LLC	United States
90-1006383	FL - PTH 7, LLC	United States
80-0942772	FL - PTH 8, LLC	United States
80-0943053	FL - PTH 9, LLC	United States
46-2260160	Florida Coral Lien Investments, LLC	United States
61-1577729	Florida Dundee Lien Investments, LLC	United States
95-4881110	Four Corners Capital Management, LLC	United States
Fox-Pitt Kelton Cochran Caronia Waller (USA) LLC	United States
06-1058201	Fox-Pitt Kelton Cochran Caronia Waller LLC	United States
01601171	Fox-Pitt, Kelton Limited	United Kingdom
32157	Fox-Pitt, Kelton N.V.	Curaçao
99228	FPK Capital I CIP GP Limited	Jersey
20-5600465	Fremantle Energy Holdings, LLC	United States
20-5600465	Fremantle Energy, LLC	United States
20-2384759	Fremantle Wind Holdings Inc.	United States
9699834	Fulfilment Services Limited	United Kingdom
106204862	FUNDCORP PTY LIMITED	Australia
30-0790149	GA - PTH, LLC	United States
054001400	GATESUN PTY. LIMITED	Australia
570800	GGB inBalans Investco Ireland GP Limited	Ireland
009642942	GILLMAN PTY. LIMITED	Australia
MC143292	GLOBAL STAR GP LTD	Cayman Islands
0110-03-004802	GODO KAISHA ALPHA MEGA SOLAR PROJECT NO. 1	Japan
0110-03-004888	GODO KAISHA ALPHA MEGA SOLAR PROJECT NO. 2	Japan
05481707	Goonzaran Bluebell Funding Limited	United Kingdom
05473771	Goonzaran Bluebell Leasing Limited	United Kingdom
Harrison Leasing Corporation	United States

415492	HBEAR CO. NO.1 LIMITED (in voluntary liquidation)	Ireland
125438600	HENDERSON WA PTY LIMITED	Australia
not registered	HENDERSON WA TRUST	Australia
559017	Hermes Infrastructure Investco Ireland GP Limited	Ireland
High Lonesome Holdings LLC (Dissolved 20/07/2017)	United States
20-5600465	High Lonesome Wind, LLC	United States
104173891	HUB X PTY LIMITED	Australia
Hybrid-Electric Building Technologies Irvine 1, LLC	United States
Hybrid-Electric Building Technologies Irvine 2, LLC	United States
Hybrid-Electric Building Technologies West Los Angeles 1, LLC	United States
Hybrid-Electric Building Technologies West Los Angeles 2, LLC	United States
97666	Hydra Investments 2007 Limited	Jersey
002757020	IDAMENEO (NO. 79) NOMINEES PTY. LIMITED	Australia
46-1490923	Illinois Salt Fox Investments, LLC	United States
20-2937198	Indiana TLP, LLC	United States
Integra Springs Property Owner LLC	United States
CR-113608	Jackson Leasing Limited	Cayman Islands
0100-02-036303	JIG HOLDINGS LIMITED	Japan
611 447 628	JURIS PARTNERSHIP MCHPL EQUITY HOLDING COMPANY PTY LTD	Australia
609 122 901	JURIS PARTNERSHIP MCHPL PROJECT CO PTY LTD	Australia
609 115 997	JURIS PARTNERSHIP MCHPL PROJECT HOLDING COMPANY PTY LTD	Australia
464138	Juuichi Limited (in voluntary liquidation)	Ireland
CR-113609	Kearny Leasing Limited	Cayman Islands
20-5913622	Keba Energy LLC	United States
09541115	Kingswood Mortgages 2015-1 Holdings Limited	United Kingdom
09541195	Kingswood Mortgages 2015-1 PLC	United Kingdom
603561360	KUBIO GROUP PTY LTD	Australia
56649800	L2 B.V.	Netherlands
FC032012	L2 B.V. (UK Branch)	United Kingdom
140 135 379	LAKE GEORGE WIND FARM DEVELOPMENTS PTY LTD	Australia
08763016	Lakehouse Mortgages Limited	United Kingdom
617 886 567	LAL LAL WIND FARMS ASSET CO PTY LIMITED	Australia
617 886 567	Lal Lal Wind Farms Asset Trust	Australia
617 896 125	LAL LAL WIND FARMS FIN CO PTY LIMITED	Australia
617 788 217	Lal Lal Wind Farms Hold Trust	Australia
617 788 217	LAL LAL WIND FARMS HOLDINGS PTY LIMITED	Australia
615861259	LAL LAL WIND FARMS PTY LIMITED	Australia
617025573	LAWSON CROP AUSTRALIA PTY LIMITED	Australia
8272295	Levantera Developments Limited	United Kingdom
Liberty Green Renewables Indiana, LLC	United States
20-2937206	Lien Data Services, LLC	United States
HRB80214	Lightning Bolt Germany GmbH (in liquidation)	Germany
Long Beach Airport Hangar Owner LLC	United States
M Acquisition Company II LLC	United States
M Acquisition Company III Corporation	United States
M Acquisition III Sponsor, LLC	United States
MAC FUND ONE TRUST	Australia
198500776M	MACQUARIE (ASIA) PTE LTD.	Singapore
27230949	MACQUARIE (ASIA) PTE LTD. TAIWAN BRANCH	Taiwan
51983	Macquarie (Bermuda) Limited	Bermuda
132 864 950	MACQUARIE (CIS) HOLDINGS PTY LTD	Australia
200228	MACQUARIE (HK) FINANCIAL SERVICES LIMITED	Hong Kong
0100-01-068766	MACQUARIE (JAPAN) LIMITED	Japan
SC280388	Macquarie (Scotland) GP Limited	United Kingdom
06287793	Macquarie (UK) Group Services Limited	United Kingdom
46-3119820	Macquarie Absolute Return Real Estate Fund (Master), Ltd.	Cayman Islands
008594885	MACQUARIE ACCEPTANCES PTY LIMITED	Australia
095180788	MACQUARIE ADMIN SERVICES PTY LIMITED	Australia
WK-211745	Macquarie Advanced Investment Partners G.P. Ltd.	Cayman Islands
486592	Macquarie Aerospace AF (Ireland) Limited	Ireland
WK-228185	Macquarie Aerospace Finance 39414-1 Limited	Cayman Islands
BR018331	Macquarie Aerospace Finance 39414-1 Limited, UK Branch	United Kingdom
07575063	Macquarie Aerospace Finance 39414-2 Limited	United Kingdom
556860-1602	Macquarie Aerospace Finance 39425 AB	Sweden
997 538 161 MVA	Macquarie Aerospace Finance 39429 AS	Norway
IT-298288	Macquarie Aerospace Finance 39429 Limited	Cayman Islands
BR018337	Macquarie Aerospace Finance 39429 Limited, UK Branch	United Kingdom
537804	Macquarie Aerospace Finance 39437 Limited	Ireland
WK-285119	Macquarie Aerospace Finance 39438 Limited	Cayman Islands
WK-286855	Macquarie Aerospace Finance 39440 Limited	Cayman Islands
571997	Macquarie Aerospace Finance 39442 Limited	Ireland
571998	Macquarie Aerospace Finance 40967 Limited	Ireland
7695532	Macquarie Aerospace Finance 4257-2 Limited	United Kingdom
996 790 827	Macquarie Aerospace Finance 4720 AS	Norway
498271	Macquarie Aerospace Finance 4720-1 Limited	Ireland
498680	Macquarie Aerospace Finance 4720-2 Limited	Ireland