APPEN LIMITED — Major Shareholding Notification 2018

Apr 4, 2018

Form 603 Corporations Act 2001 Section 671B

Notice of Initial 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 became a substantial holder on

03 April 2018

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 (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of Securities (4)	Number of securities	Person’s votes (5)	Voting power (6)
COMMON STOCK	5,346,109	5,346,109	5.03%

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:

Refer to Annexure A

4. Details of present registered holders

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

Refer to Annexure A

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 Acquisition	Holder ofRelevant Interest	Consideration (9)	Class andNumber of Securities
				**COMMON STOCK **
	29-Dec-17	FIL	AUD 8.59	11,125
	29-Dec-17	FIL	AUD 8.45	6,967
	29-Dec-17	FIL	AUD8.45	23,092
	29-Dec-17	FIL	AUD 8.59	36,875
	2-Jan-18	FIL	AUD8.39	5,100

2-Jan-18	FIL	AUD 8.39	16,905
3-Jan-18	FIL	AUD 8.77	20,149
3-Jan-18	FIL	AUD 8.77	66,783
21-Feb-18	FIL	AUD 10.22	21,207
21-Feb-18	FIL	AUD 10.58	19,021
21-Feb-18	FIL	AUD 10.22	59,556
21-Feb-18	FIL	AUD 10.58	53,416
21-Mar-18	FIL	AUD 9.58	4,120
21-Mar-18	FIL	AUD9.58	112,953
21-Mar-18	FIL	AUD 9.58	19,284
3-Apr-18	FIL	AUD9.04	3,502
3-Apr-18	FIL	AUD 9.04	40,563
3-Apr-18	FIL	AUD9.04	9,040
		Total Buys	529,658

6. Associates

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

Name and ACN/ARSN (if applicable) Nature of association N/A

7. Addresses

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

Refer to Annexure A

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Sign Here ____________________________________

Dated: 05 April 2018 Kelvin Lo Head of Regulatory Reporting, Asia Pacific 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				102,590
		Sydney, NSW 2000,	BOURNEMOUTH (C)
	(AUSTRALIA) LIMITED
		Australia
			BROWN BROS HARRIMN
					1,273,574
	FIL INVESTMENT		LTD LUX(C)
		Level 21, Two Pacific
	MANAGEMENT		HSBC INST TRST SER
		Place, 88 Queensway,			2,647,020
	(HONG KONG)		ASIA LTD(C)
		Admiralty, Hong Kong
	LIMITED		JP MORGAN,	Investment Discretion /
					847,268
			BOURNEMOUTH(C)	Voting Power
	FIL INVESTMENT	8 Marina View,
	MANAGEMENT	#35-06, Asia Square	BNP PARIBAS
					158,991
	(SINGAPORE)	Tower 1, 018960,	FRANKFURT (C)
	LIMITED	Singapore
		Oakhill House, 130
	FIL PENSION	Tonbridge Road,	NATIONAL ASTL BK
					316,666
	MANAGEMENT	Hildenborough, Kent,	MELBOURNE (S)
		England TN119DZ
	Grand Total				5,346,109