ADVERITAS LIMITED — Major Shareholding Notification 2021

Jul 22, 2021

Form 605 Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme Adveritas Ltd (AV1) ACN/ARSN 156 377 141 1. Details of substantial holder (1) Name Regal Funds Management Pty Ltd (RFM) ACN/ARSN (if applicable) 107 576 821 The holder ceased to be a substantial holder on 21/07/2021 The previous notice was given to the company on 24/11/2020 The previous notice was dated 20/11/2020

2. Changes in relevant interests Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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	Person whose relevant	Nature of change	Consideration given in relation to	Class (6) and number of	Person's votes
change	interest changed	(4)	change(5)	securities affected	affected
	Refer annexure 1

3. Changes in association The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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 4. Addresses The addresses of persons named in this form are as follows: Name Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY PHILIP KING NSW 2000 Signature print name Kenny Ho capacity Company Secretary sign here date 23/07/2021

4. Addresses

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

Annexure 1

Changes in relevant interests

Date	Person whose relevant interest changed	Nature ofChange	Considerationgiven inrelation tochange	Number ofsecuritiesaffected	Class ofsecurities	Personsvotesaffected
2/12/2020	Regal Funds Management	Buy	160000.00	800000	Ordinary	800000
14/12/2020	Regal Funds Management	Sell	60289.60	307600	Ordinary	307600
21/07/2021	Regal Funds Management	Holding diluted due to the issue of 30,000,000 shares on the 21th of July, 2021.