APPEN LIMITED — Major Shareholding Notification 2023

Aug 10, 2023

604 page 1/2 15 July 2001

	604 page 1/2 15 July 2001	604 page 1/2 15 July 2001
	Form 604 Corporations Act 2001 Section671B Notice of change of interests of substantial holder
ToCompany Name/Scheme APPEN LIMITED ACN/ARSN 138 878 298 1. Details of substantialholder(1) Name State Street Corporation and subsidiaries named in Annexures to this form ACN/ARSN(ifapplicable) There was a changein the interests of the substantial holder on 09/08/2023 The previous notice was given to the company on 07/08/2023 The previous notice was dated 03/08/2023 2. Previous and present votingpower 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 asfollows: Class of securities (4) Previousnotice Present notice Person's votes Voting power(5) Person's votes Voting power(5) Ordinary 10,150,476 6.42% 12,070,052 7.62% 3. Changesinrelevantinterests Particulars of each changein,or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, sincethesubstantial holder was last required to give a substantial holding notice to the company or scheme are asfollows: Dateof change Person whose relevant interest changed Natureof change (6) Consideration givenin relation to change (7) Class and numberof securities affected Person's votes affected Annexure B & D 4. Present relevantinterests Particulars of each relevant interest of the substantial holder in voting securities after the change are asfollows: Holderof relevant interest Registered holderof securities Personentitled to be registered as holder (8) Natureof relevant interest (6) Class and numberof securities Person's votes Annexure A	APPEN LIMITED
	138 878 298
	State Street Corporation and subsidiaries named in Annexures to this form

604 page 2/2 15 July 2001

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:

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Name and ACN/ARSN (if applicable) Nature of association
follows:
Name Address
Annexure C
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6. Addresses

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

Signature

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print name Alok Maheshwary capacity Authorised signatory
sign here date 11/08/2023
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DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. (4)

The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) Any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) Any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". (9)

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

This is Annexure A referred to in Form 604 Notice of change of interests of substantial holder

Annexure A

______ 11 August 2023 Alok Maheshwary Authorised Signatory

4. Present relevant interests

Holder of relevant interest	Nature of Relevant Interest	Registered Holder of securities	Person Entitled to be registered as holder	Class and number of Securities	Class and number of Securities	Person's votes
SSGA FUNDS MANAGEMENT, INC.	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	State Street Bank and Trust Co	n/a	Ordinary	85,075	85,075
STATE STREET GLOBAL ADVISORS LIMITED	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	Northern Trust Company	n/a	Ordinary	1,074	1,074
STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	JPMorgan AG	n/a	Ordinary	16,566	16,566
STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	Northern Trust Company	n/a	Ordinary	323,300	323,300
STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as investment manager or trustee	State Street Bank and Trust Co	n/a	Ordinary	1,449,836	1,449,836
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	AMERICAN CENTURY INVESTMENT MANAGEMENT, INC.	AMERICAN CENTURY INVESTMENT MANAGEMENT, INC.	Ordinary	186,304	186,304
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	AWARE SUPER PTY LTD AS TRUSTEE OF THE AWARE SUPER	AWARE SUPER PTY LTD AS TRUSTEE OF THE AWARE SUPER	Ordinary	2,645,904	2,645,904
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	DIMENSIONAL FUND ADVISORS	DIMENSIONAL FUND ADVISORS	Ordinary	236,231	236,231
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	M FUND, INC.	M FUND, INC.	Ordinary	2,466	2,466
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	RETAIL EMPLOYEES SUPERANNUATION TRUST	RETAIL EMPLOYEES SUPERANNUATION TRUST	Ordinary	297,000	297,000
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	SEA1	SEA1	Ordinary	1,331	1,331
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	SSGA SPDR INDEX SHARE FUNDS	SSGA SPDR INDEX SHARE FUNDS	Ordinary	45,595	45,595
STATE STREET BANK AND TRUST COMPANY	For Lent securities: Relevant interest under section 608(8A) being the holder of securities subject to an obligation to return under a securities lending agreement. State Street Bank and Trust Company has lent the securities and retains a relevant interest	TEACHER RETIREMENT SYSTEM OF TEXAS	TEACHER RETIREMENT SYSTEM OF TEXAS	Ordinary	3,367,582	3,367,582
STATE STREET BANK AND TRUST COMPANY	For collateral securities: Relevant interest under section 608(8A) being the right, as lender, to dispose of shares transferred to secure a securities loan	THE BARCLAYS GROUP	THE BARCLAYS GROUP	Ordinary	510,122	510,122
STATE STREET BANK AND TRUST COMPANY	For collateral securities: Relevant interest under section 608(8A) being the right, as lender, to dispose of shares transferred to secure a securities loan	THE RBC GROUP	THE RBC GROUP	Ordinary	1,430,200	1,430,200
STATE STREET BANK AND TRUST COMPANY	For collateral securities: Relevant interest under section 608(8A) being the right, as lender, to dispose of shares transferred to secure a securities loan	THE UBS GROUP	THE UBS GROUP	Ordinary	308,466	308,466
STATE STREET BANK AND TRUST COMPANY	For collateral securities: Relevant interest under section 608(8A) being the right, as lender, to dispose of shares transferred to secure a securities loan	UBS SECURITIES AUSTRALIA LTD	UBS SECURITIES AUSTRALIA LTD	Ordinary	1,163,000	1,163,000

Information Classification: Limited Access

This is Annexure B referred to in Form 604 Notice of change of interests of substantial holder

Annexure B

________ 11 August 2023 Alok Maheshwary Authorised Signatory 3. Changes in relevant interests	________ 11 August 2023 Alok Maheshwary Authorised Signatory 3. Changes in relevant interests	________ 11 August 2023 Alok Maheshwary Authorised Signatory 3. Changes in relevant interests	________ 11 August 2023 Alok Maheshwary Authorised Signatory 3. Changes in relevant interests	________ 11 August 2023 Alok Maheshwary Authorised Signatory 3. Changes in relevant interests	________ 11 August 2023 Alok Maheshwary Authorised Signatory 3. Changes in relevant interests	________ 11 August 2023 Alok Maheshwary Authorised Signatory 3. Changes in relevant interests
Date of Change	Person whose relevant interest changed	**Nature of Change **	Considerationgiven in relation to Change	Class and number of Securities affected		Person's Votes affected
04-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Return of securities provided to secure a securities loan to THE UBS GROUP – Refer Part B of Annexure D	n/a	Ordinary	(730)	(730)
07-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Transfer of title of securities to secure a securities loan from THE UBS GROUP – Refer Part B of Annexure D	n/a	Ordinary	318	318
08-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Return of securities provided to secure a securities loan to THE UBS GROUP – Refer Part B of Annexure D	n/a	Ordinary	(731)	(731)
09-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Transfer of title of securities to secure a securities loan from THE UBS GROUP – Refer Part B of Annexure D	n/a	Ordinary	48	48
09-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Transfer of title of securities to secure a securities loan from UBS SECURITIES AUSTRALIA LTD – Refer Part B of Annexure D	n/a	Ordinary	1,163,000	1,163,000
04-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Transfer of title of securities to secure a securities loan from THE UBS GROUP – Refer Part B of Annexure D	n/a	Ordinary	335	335
07-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Return of securities provided to secure a securities loan to THE UBS GROUP – Refer Part B of Annexure D	n/a	Ordinary	(499)	(499)
08-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Transfer of title of securities to secure a securities loan from THE UBS GROUP – Refer Part B of Annexure D	n/a	Ordinary	223	223
09-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Return of securities provided to secure a securities loan to THE UBS GROUP – Refer Part B of Annexure D	n/a	Ordinary	(117)	(117)
04-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Return of securities provided to secure a securities loan to THE BARCLAYS GROUP – Refer Part B of Annexure D	n/a	Ordinary	(41,700)	(41,700)
07-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Return of securities provided to secure a securities loan to THE BARCLAYS GROUP – Refer Part B of Annexure D	n/a	Ordinary	(2,086)	(2,086)
04-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Return of securities provided to secure a securities loan to THE UBS GROUP – Refer Part B of Annexure D	n/a	Ordinary	(9)	(9)
07-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Return of securities provided to secure a securities loan to THE UBS GROUP – Refer Part B of Annexure D	n/a	Ordinary	(7)	(7)
08-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Transfer of title of securities to secure a securities loan from THE UBS GROUP – Refer Part B of Annexure D	n/a	Ordinary	13	13
09-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Transfer of title of securities to secure a securities loan from THE UBS GROUP – Refer Part B of Annexure D	n/a	Ordinary	18	18
04-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Transfer of title of securities to secure a securities loan from THE UBS GROUP – Refer Part B of Annexure D	n/a	Ordinary	404	404
07-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Transfer of title of securities to secure a securities loan from THE UBS GROUP – Refer Part B of Annexure D	n/a	Ordinary	187	187
08-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Transfer of title of securities to secure a securities loan from THE UBS GROUP – Refer Part B of Annexure D	n/a	Ordinary	496	496
09-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Transfer of title of securities to secure a securities loan from THE UBS GROUP – Refer Part B of Annexure D	n/a	Ordinary	51	51
08-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Return of securities provided to secure a securities loan to THE RBC GROUP – Refer Part B of Annexure D	n/a	Ordinary	(7,566)	(7,566)
09-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Transfer of title of securities to secure a securities loan from THE RBC GROUP – Refer Part B of Annexure D	n/a	Ordinary	77,396	77,396
07-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Lending securities under a securities loan to UBS SECURITIES AUSTRALIA LTD – Refer Part A of Annexure D	n/a	Ordinary	283,532	283,532
07-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Lending securities under a securities loan to THE UBS GROUP – Refer Part A of AnnexureD	n/a	Ordinary	149,795	149,795
08-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Lending securities under a securities loan to UBS SECURITIES AUSTRALIA LTD – Refer Part A of Annexure D	n/a	Ordinary	297,000	297,000
07-Aug-2023	STATE STREET BANK AND TRUST COMPANY	Lending securities under a securities loan to THE UBS GROUP – Refer Part A of Annexure D	n/a	Ordinary	205	205

Information Classification: Limited Access

This is Annexure C referred to in Form 604 Notice of change of interests of substantial holder

Annexure C

______ 11 August 2023 Alok Maheshwary Authorised Signatory 6. Addresses	______ 11 August 2023 Alok Maheshwary Authorised Signatory 6. Addresses
Name	Address
SSGA FUNDS MANAGEMENT,INC.	Channel Center,1 Iron Street,Boston MA 02210,United States
STATE STREET GLOBAL ADVISORS LIMITED	20 Churchill Place,London,England,E14 5HJ,United Kingdom
STATE STREET GLOBAL ADVISORS,AUSTRALIA,LIMITED	Level 15,420 George Street,SydneyNSW 2000,Australia
STATE STREET BANK AND TRUST COMPANY	1 Congress Street,Suite 1,Boston MA 02114,United States

Information Classification: Limited Access

This is Annexure D referred to in Form 604 Notice of change of interests of substantial holder

Annexure D

______ 11 August 2023 Alok Maheshwary Authorised Signatory

3. Changes in relevant interests

State Street Bank and Trust Company will, if requested by the company or responsible entity to whom this form must be given under the Corporations Act 2001 (Cth) or if requested by the Australian Securities and Investment Commission (ASIC), provide a copy of the master securities lending agreement/s and security agreement/s referred to below to the company, responsible entity or ASIC. Part A: For relevant interests arising out of lending securities - State Street Bank and Trust Company acquires relevant interest as lender of the securities under securities lending authorisation agreement, subject to obligation to return under the agreement. (State Street Bank and Trust Company has lent the securities and retains relevant interest as per Part B of this Annexure.)

Type of agreement	Securities Lending Authorisation Agreement/ Global Master Securities Lending Agreement/ Securities Loan Agreement
Parties to agreement	(1) State Street Bank and Trust Company (2)The entityreferred to in the relevantpart of Annexure B to this notice
Can the parties exercise voting rights attaching to the securities?	(1) No (2) Yes. (Borrower has the right to vote, but may on-lend securities)
If yes, in what circumstances	(1) Only if instructed to by the borrower (2) As determined by the owner of the securities
Transfer date	The dates on which the securities were delivered by State Street Bank and Trust Company as lender are set out in Annexure B to this notice
Scheduled return date	No scheduled return date
Does the borrower have the right to return the securities early?	No scheduled return date. Borrower can return securities or equivalent securities at any time subject to givingnotice
Ifyes,in what circumstances	Borrower can return securities or equivalent securities at anytime subject togivingnotice
Does the lender have the right to recall the securities early (ie before the scheduled return date)?	No scheduled return date. Lender can require return of securities or equivalent securities at any time subject togivingnotice
If yes, in what circumstances	Lender can require return of securities or equivalent securities at any time subject to giving notice
Are there any circumstances in which the borrower is not required to return securities or equivalent securities on settlement?	No
Ifyes,detail anyexceptions	n/a
Part B: For relevant interests arising out of lending securities - State Street Bank and Trust Company acquires a relevant interest in securities through taking a security interest (“title transfer”) over the securities as collateral to secure a securities loan. (See Part A of this Annexure for securities loan details.)

Type of agreement	Global Master Securities Lending Agreement Securities LendingAuthorisation Agreement
Parties to agreement	(1) State Street Bank and Trust Company (2)The entityreferred to in the relevantpart of Annexure B to this notice
Can the parties exercise voting rights attaching to the securities?	(1) Yes, but only if the borrower defaults and ownership is enforced (2)Yes
If yes, in what circumstances	(1) Only if the borrower defaults and ownership is enforced (2) In accordance with ordinary rights as registered holder, either directly or through nominee holder
Transfer date	The dates on which the securities were transferred,as indicated in Annexure B to this notice
Scheduled return date	No scheduled return date. Securities collateral is returned on termination of related securities loan
Does the borrower have the right to have the securities returned early?	No scheduled return date. Securities collateral is returned on termination of related securities loan or theprovision of alternative collateral
If yes, in what circumstances	At any time subject to returning the borrowed securities or equivalent securities or providing alternative collateral
Are there any circumstances in which the lender is not required to return securities collateral on settlement?	No, assuming the borrower returns the borrowed securities or equivalent securities
If yes, detail any exceptions	n/a (lender must return securities collateral if the borrower returns the borrowed securities or equivalent securities)

Information Classification: Limited Access