SIMEC Atlantis Energy Regulatory News (SAE)

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

ATLANTIS RESOURCES LTD

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

X

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Morgan Stanley (Institutional Securities Group and Global Wealth Management)

4. Full name of shareholder(s)  (if different from 3.):iv

Morgan Stanley Renewables Development I (Cayman) Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

30.05.2017

6. Date on which issuer notified:

31.05.2017

7. Threshold(s) that is/are crossed orreached: vi, vii

28%, 27%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

SG9999011118

32,999,990

32,999,990

32,999,990

32,999,990

26.20%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

32,999,990

26.20%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Morgan Stanley Renewables Development I (Cayman) Limited, P.O. Box 309GT,Ugland House, South Church Street, George Town, Grand Cayman, CAYMAN ISLANDS is a direct holder of 32,999,990 voting rights (26.20%) and is a subsidiary of Morgan Stanley Clean Development, LLC

Morgan Stanley Clean Development, LLC, c/o The Corporation Trust Company (DE) Corporation Trust Center 1209 Orange Street, Wilmington, Delaware, 19801, USA is an indirect holder of 32,999,990 voting rights (26.20%) and is a subsidiary of Morgan Stanley Capital Group Inc.

Morgan Stanley Capital Group Inc., c/o The Corporation Trust Company (DE) Corporation Trust Center 1209 Orange Street, Wilmington, Delaware, 19801, USA is an indirect holder of 32,999,990 voting rights (26.20%) and is a subsidiary of Morgan Stanley.

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

Please note this notification is being made following the issue of 9,000,000 new ordinary shares by Atlantis Resources Limited (the "Company") on 30 May 2017 and the subsequent dilution of Morgan Stanley's holding below the 28%, 27% thresholds.

As at this date, Morgan Stanley's holding remained at 32,999,990 shares, representing approximately 26.20% of the total number of shares & voting rights in the Company.

14. Contact name:

Craig Horsley

15. Contact telephone number:

+44 141 245-7736