APPEN LIMITED — Major Shareholding Notification 2018

Jun 11, 2018

Form 605 Corporations Act 2001 Section 671B

Notice of Ceasing to be a Substantial Holder

To: APPEN LTD

ACN/ARSN:

1. Details of substantial holder (1)

Name: FIL Limited and the entities listed in Annexure A ("FIL") ACN/ARSN (if applicable)

The holder ceased to be a substantial holder on The previous notice was given to the company on The previous notice was dated

08 June 2018 05 April 2018 05 April 2018

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:

	Person whose			Class (6) and
			Consideration
Date of	relevant	Nature of		number of	Person’s votes
			given in relation
Change	interest	change (4)		securities	affected
			to change (5)
	changed			affected
			AUD$	COMMON STOCK	COMMON STOCK
19-Apr-18	FIL	SELL	9.55	(6,289)	(6,289)
01-May-18	FIL	Transition IN	9.84	33,207	33,207
07-May-18	FIL	BUY	11.01	17,355	17,355
09-May-18	FIL	SELL	11.00	(922)	(922)
09-May-18	FIL	SELL	11.00	(611)	(611)
09-May-18	FIL	SELL	11.00	(611)	(611)
22-May-18	FIL	Transition IN	10.60	115,885	115,885
08-Jun-18	FIL	SELL	11.57	(15,522)	(15,522)
08-Jun-18	FIL	BUY	11.61	12,350	12,350
08-Jun-18	FIL	BUY	11.61	28,378	28,378
08-Jun-18	FIL	BUY	11.61	2,635	2,635
08-Jun-18	FIL	BUY	11.61	565	565
08-Jun-18	FIL	BUY	11.48	2,530	2,530
08-Jun-18	FIL	SELL	11.61	(12,350)	(12,350)
08-Jun-18	FIL	SELL	11.57	(111,158)	(111,158)
08-Jun-18	FIL	SELL	11.61	(2,635)	(2,635)
08-Jun-18	FIL	SELL	11.57	(23,718)	(23,718)
08-Jun-18	FIL	SELL	11.61	(28,378)	(28,378)
08-Jun-18	FIL	SELL	11.57	(255,432)	(255,432)
08-Jun-18	FIL	SELL	11.57	(41,031)	(41,031)
08-Jun-18	FIL	BUY	11.66	89,746	89,746
08-Jun-18	FIL	BUY	11.48	5,170	5,170
08-Jun-18	FIL	SELL	11.61	(565)	(565)

08-Jun-18	FIL	SELL	11.57	(5,082)	(5,082)
08-Jun-18	FIL	BUY	11.66	61,239	61,239
08-Jun-18	FIL	BUY	11.48	3,527	3,527
			**Total Buys **	223,495	223,495
			Total Sells	(504,304)	(504,304)
			Total Transition IN	149,092	149,092
			Total Net Sells	(131,717)	(131,717)

3. Resulting interest

Class of Securities (4)	Number of securities	Person’s votes (5)	Voting power (6)
COMMONSTOCK	5,214,392	5,214,392	4.90%

4. Changes in Association

The persons who have become associates (2) 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 N/A

5. Addresses

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

Refer to Annexure A

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Sign Here ______

Dated: 12 June 2018 Ryo Sato Regulatory Reporting Manager Duly authorized under Powers of Attorney by and on behalf of FIL Limited

Annexure A

	Investment Manager	Address	Custodian	Nature of Relevant Interest	Sum of Numerator Shares
		Level 11, 167
	FIL INVESTMENT
		Macquarie Street,	JP MORGAN,
	MANAGEMENT				166,403
		Sydney, NSW 2000,	BOURNEMOUTH (C)
	(AUSTRALIA) LIMITED
		Australia
			BROWN BROS HARRIMN
					1,149,455
	FIL INVESTMENT		LTD LUX(C)
		Level 21, Two Pacific
	MANAGEMENT		HSBC INST TRST SER ASIA
		Place, 88 Queensway,			2,356,952
	(HONG KONG)		LTD(C)
		Admiralty, Hong Kong
	LIMITED		JP MORGAN,	Investment Discretion /
					779,884
			BOURNEMOUTH(C)	Voting Power
	FIL INVESTMENT	8 Marina View,
	MANAGEMENT	#35-06, Asia Square	BNP PARIBAS
					136,258
	(SINGAPORE)	Tower 1, 018960,	FRANKFURT (C)
	LIMITED	Singapore
		Oakhill House, 130	JPMORGAN CHASE BANK		213,858
	FIL PENSION	Tonbridge Road,
			NATIONAL ASTL BK
	MANAGEMENT	Hildenborough, Kent,			411,582
			MELBOURNE (S)
		England TN119DZ
	Grand Total				5,214,392