Upland Resource Regulatory News (UPL)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i

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

Upland Resources

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

Other (please specify):

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

Tune Assets Limited

4. Full name of shareholder(s)

(if different from 3.): iv

5. Date of the transaction and date on which the threshold is crossed or reached: v

21st February 2018

6. Date on which issuer notified:

6th March 2018

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

Above 16%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares

if possible using the ISIN CODE

Situation previous

to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number

of shares

Number of voting

rights

% of voting rights x

Direct

Direct xi

Indirect

xii

Direct

Indirect

VGG7552A1075

0

0

74,074,074

74,074,074

16.2%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial

Expiration

Exercise/

Number of voting

% of voting

instrument

date xiii

Conversion

rights that may be

rights

Period xiv

acquired if the

instrument is

exercised/

converted.

N.A.

N.A.

N.A.

N.A.

N.A.

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

Resulting situation after the triggering transaction

Type of financial

instrument

Exercise price

Expiration date xvii

Exercise/ Conversion

period xviii

Number of voting rights instrument

refers to

% of voting rights xix, xx

N.A.

N.A.

N.A.

N.A.

N.A.

Nominal

Delta

N.A.

N.A.

Total (A+B+C)

Number of voting rights

Percentage of voting rights

74,074,074

16.2%

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

N.A.

Proxy Voting:

10. Name of the proxy holder:

JIM Nominees Limited

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

None

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

N.A.

13. Additional information:

N.A.

14. Contact name:

Dixon Wong

15. Contact telephone number:

+603-20825817