Holding(s) in Company

For filings with the FSA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				BACIT LTD
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached					n/a
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments					n/a
An event changing the breakdown of voting rights					n/a
Other (please specify):					n/a
3. Full name of person(s) subject to the notification obligation: iii		Royal Bank of Canada
4. Full name of shareholder(s)  (if different from 3.):iv		RBC Trustees (CI) Limited RBC Trust Company (International) Limited
5. Date of the transaction and date on which the threshold is crossed or reached: v		20 January 2016
6. Date on which issuer notified:		26 January 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		Below 3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE GG00B8P59C08

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

ORD NPV

14,621,570

14,621,570

10,621,570

10,621,570

2.76%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

10,621,570

2.76%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
RBC Trustees (CI) Limited and RBC Trust Company (International) Limited are wholly owned indirect subsidiaries of the Royal Bank of Canada.
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:	Calculated on issues share capital of 384,665,158 shares
14. Contact name:	Scott Roberts/ Graham Horsnell
15. Contact telephone number:	[phone] / 283292