ADHERIUM LIMITED — Major Shareholding Notification 2021

Sep 12, 2021

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Adherium Limited (ADR) ACN/ARSN 605 352 510 1. Details of substantial holder (1) Name Regal Funds Management Pty Ltd (RFM) ACN/ARSN (if applicable) 107 576 821

There was a change in the interests of the substantial holder on 9/09/2021 The previous notice was given to the company on 11/05/2021 The previous notice was dated 7/05/2021

2. 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:

follows:
Class of securities (4)	Previous notice		Current notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
ORDINARY	222,266,463	10.46%	187,196,934	8.79%

3. 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:

Holder of relevantinterest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities	Class and number of securities	Class and number of securities
	See Annexure 1
4. Present relevant interestsParticulars 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 asholder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person'svotes
CREDIT SUISSE AG	CS THIRD NOMINEES PTYLIMITED		CREDIT SUISSE AG	HOLDER OFSHARES	187,196,934ORDINARY	187,196,934

==> picture [352 x 667] intentionally omitted <==

----- Start of picture text ----- Nature of associationAddressLEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEYNSW 2000print name Kenny Ho capacity Company Secretarysign here date 13/09/2021Considerationgiven in Number of PersonsNature of relation to securities Class of votesged Change change affected securities affectedRegal Funds Management Sell 839966.04 33069529 Ordinary 33069529Regal Funds Management Sell 56000.00 2000000 Ordinary 2000000Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0Regal Funds Management Sell 0.00 0 Ordinary 0----- End of picture text -----

5. 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
NOT APPLICABLE
6. AddressesThe addresses of persons named in this form are as follows:
Name	Address
Kenny Ho	LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEYNSW 2000

Signature

Annexure 1

Changes in relevant interests

Date	Person whose relevant interest changed	Nature ofChange	Considerationgiven inrelation tochange	Number ofsecuritiesaffected	Class ofsecurities	Personsvotesaffected
9/09/2021	Regal Funds Management	Sell	839966.04	33069529	Ordinary	33069529
9/09/2021	Regal Funds Management	Sell	56000.00	2000000	Ordinary	2000000