AMA GROUP LIMITED — Major Shareholding Notification 2021

Sep 21, 2021

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ASX TO CROSS RELEASE: AMA

22 September 2021

BY ASX ONLINE - 5 pages

Manager Company Announcements ASX Limited Level 10 20 Bond Street SYDNEY NSW 2000

Dear Sir/Madam,

Notice of change of interests of substantial holder AMA Group Limited [ASX:AMA]

Following is a Form 603 Notice of initial substantial holder dated 22 September 2021 in accordance with section 671B of the Corporations Act.

Yours sincerely,

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CRAIG SMITH ACIS, CPA Secretary

THORNEY OPPORTUNITIES LTD ABN 41 080 167 264 Level 39, 55 Collins St. Melbourne VIC 3000 Australia

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To: company name/scheme AMA GROUP LTD ABN 50 113 883 560

1. Details of substantial holder

THORNEY OPPORTUNITIES LTD and each of the associated Name entities listed in the attached Annexure ‘A’ to this notice. CAN 080 167 264

The holder became a substantial holder on

21-Sep-21

2. Details of 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 had a relevant interest in on the date the substantial holder became of substantial holder are as follows:

Class of Securities	Number of securities	Person’s votes	Voting power
Fully paid ordinary shares	45,234,940	45,234,940	5.09%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holderof relevantinterest	Nature of relevantinterest	Numberand class ofsecurities
Thorney Opportunities Ltd	Beneficial owner of voting shares	24,247,658 ordinary shares
Tiga Trading Pty Ltd [and each of the Thorney Investment Group entities listed in Annexure ‘A’ (together ‘ThorneyInvestment Group’)]	Beneficial owner of voting shares	20,298,116 ordinary shares
Jasforce Pty Ltd, as trustee for the Alex Waislitz Retirement Plan	Beneficial owner of voting shares	689,166 ordinary shares

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4. Details of present registers holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered asholder	Nature of relevant interest	Number and class of securities	Person’s votes
Thorney Opportunities Ltd	UBS Nominees Pty Ltd	Thorney Opportunities Ltd	Thorney Opportunities Ltd has a relevant interest under section 608(1)(b) of the Corporations Act 2001 (Cth)(theAct) as it is the beneficial holderofthose shares.	24,247,658 ordinary shares	24,247,658
Thorney Investment Group	UBS Nominees Pty Ltd	Thorney Opportunities Ltd	Thorney Investment Group is taken to have a relevant interest as it has the capacity to determine the outcome of decisions about the financial and operating policies of Thorney OpportunitiesLtd.	24,247,658 ordinary shares	24,247,658
		TIGA Trading Pty Ltd	Thorney Investment Group is taken under section 608(3)(b) of the_Act_to have a relevant interest as it holds all the issued capital in TigaTradingPtyLtd.	20,298,116 ordinary shares	20,298,116
Jasforce Pty Ltd, as trustee for the Alex Waislitz Retirement Plan (Jasforce)	Jasforce	Jasforce	Jasforce has a relevant interest under section 608(1)(a) of the_Act_as it is the registered holder of those shares.	689,166 ordinary shares	689,166
Mr Alex Waislitz	UBS Nominees Pty Ltd	Thorney Opportunities Ltd	Each of the entities listed in the adjacent column (and in Annexure ‘A’) are ‘associates’ pursuant to section 12(2)(a)(iii) of the_Act_by virtue of them being commonly controlled by Mr Alex Waislitz who, pursuant to section 50AA of the_Act_, has the capacity to determine the outcome of decisions about the financial and operating policies of each of those entities.	24,247,658 ordinary shares	24,247,658
		TIGA Trading Pty Ltd		20,298,116 ordinary shares	20,298,116
	Jasforce	Jasforce		689,166 ordinary shares	689,166

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Date of acquisitions	Holder of relevant interest	Nature of change	Cash consideration	Number and class of securities affected	Person’s votes affected
21-Sep-21	Thorney Opportunities Ltd	Placement	$2,392,674.75	6,380,466 ordinary shares	6,380,466
	Thorney Investment Group		$Nil	5,622,995 ordinary shares	5,622,995
	Jasforce		$Nil	266,666 ordinary shares	266,666

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name

Nature ofassociation

Thorney Opportunities Ltd, TIGA Trading Pty Ltd, Jasforce,Pty Ltd and each of the entities listed in Annexure ‘A’.

Each of the entities listed in Paragraph 3 and Annexure “A” to this notice are ‘associates’ in respect of the Company pursuant to section 12(2)(a)(iii) of the_Act_by virtue of them being commonly controlled by Mr Alex Waislitz who, pursuant to section 50AA of the_Act_, has the capacity to determine the outcome of decisions about the financial and operating policies of each of those entities. In addition, Mr Alex Waislitz holds, directly or indirectly, a relevant interest of 50% or more in each of Jasforce, Waislitz Charitable Corporation, Early Force and Jamahjo.

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7. Addresses

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

Name	Address
Thorney Opportunities Ltd	Level 39, 55 Collins Street, Melbourne 3000
Thorney Investment Group and each of the entities listed in Annexure ‘A’ to this notice	See Annexure ‘A’ to this notice
TIGA Trading Pty Ltd ACN 118 961 210	Level 39, 55 Collins Street, Melbourne 3000
Jasforce Pty Ltd, ACN 017 167 713 as trustee for the Alex Waislitz Retirement Plan	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
Alex Waislitz	Level 39, 55 Collins Street, Melbourne 3000

Signature Print name CRAIG SMITH ACIS, CPA Capacity SECRETARY Sign here Date: 22 September 2021

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ANNEXURE ‘A’

This is Annexure A referred to in the Form 604 Notice of change of interests of substantial holder signed by me and dated 22 September 2021.

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.........................................

CRAIG SMITH Secretary

SUBSTANTIAL HOLDERS - ENTITY DETAILS

	Associated Entities	Address
	Thorney Investment Group
	Jamahjo Pty Ltd, ACN 117 488 696 as trustee for the Halex Family Trust	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Thistle Custodians PtyLtd, ACN 078 027 193	Level 39, 55 Collins Street, Melbourne 3000
	Thistle Holdings PtyLtd, ACN 075 051 464	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyAlpha PtyLtd, ACN 162 820 537	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyBeta PtyLtd, ACN 162 828 677	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyHoldings PtyLtd, ACN 006 262 835	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyInternational PtyLtd, ACN 132 886 698	Level 39, 55 Collins Street, Melbourne 3000
	Thorney Investment Group Australia Pty Ltd, ACN 117 488 892	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyManagement Services PtyLtd, ACN 164 880 148	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyOmega PtyLtd, ACN 163 964 636	Level 39, 55 Collins Street, Melbourne 3000
	Tiga PropertyPtyLtd, ACN 117 811 453	Level 39, 55 Collins Street, Melbourne 3000
	Tiga(Ballarat)PtyLtd, ACN 117 812 030	Level 39, 55 Collins Street, Melbourne 3000
	Tiga Finance PtyLtd, ACN 118 521 412	Level 39, 55 Collins Street, Melbourne 3000
	Tiga(Hawthorn)PtyLtd, ACN 126 952 663	Level 39, 55 Collins Street, Melbourne 3000
	Tiga Tails PtyLtd, ACN 080 534 416	Level 39, 55 Collins Street, Melbourne 3000
	Tiga TradingPtyLtd, ACN 118 961 210	Level 39, 55 Collins Street, Melbourne 3000
	Other associates
	Early Force Pty Ltd, ACN 103 134 363 as trustee for the Alex Waislitz PropertyInvestment Trust	Level 39, 55 Collins Street, Melbourne 3000
	Jamah Investments Pty Ltd, ACN 093 388 928 as trustee for the Jamah Investment Trust	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Jasforce Pty Ltd, ACN 017 167 713 as trustee for the Alex Waislitz Retirement Plan	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	ThorneyTechnologies Ltd , ACN 096 782 188	Level 39, 55 Collins Street, Melbourne 3000
	Two Towers Pty Ltd, ACN 134 730 546	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Urban Land Nominees Pty Ltd, ACN 004 753 066	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Waislitz Charitable Corporation Pty Ltd, ACN 163 623 612 as trustee for the Waislitz FamilyFoundation	Level 39, 55 Collins Street, Melbourne 3000

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