ATOMOS LIMITED — Major Shareholding Notification 2020

May 20, 2020

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Ellerston Capital Limited ABN 34 110 397 674 AFSL No. 283 000

Level 11, 179 Elizabeth Street Sydney NSW 2000 Phone +612 9021 7797 Fax +612 9261 0528 www.ellerstoncapital.com

TO: The Manager, Company Announcements, ASX

FAX No: 0 FROM: Ellerston Capital Limited DATE: 21/05/2020

NO. OF PAGES (Including this page) 7

Dear Manager

RE:

ATOMOS LIMITED - Form 604

We attach our notice of a change in substantial holding (Form 604) in respect of ATOMOS LIMITED.

We note that the shares reported in this Form are owned by third party accounts under the discretionary investment management of Ellerston Capital Limited.

None of Ellerston Capital Limited, nor any of its shareholders or any of their associates hold a direct interest in any shares disclosed in this Form.

Yours sincerely,

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Ian Kelly Company Secretary Ellerston Capital Limited

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme ATOMOS LIMITED ACN/ARSN/ARBN ACN 139 730 500

1. Details of substantial holder (1)

There was a change in the interest substantial holder on Name The previous notice was given to t ACN/ARSN (if applicable) The previous notice was dated	Ellerston Capital Limited (Primary Person), and its associa	tes being those persons listed in Annexure B
	ACN 110 397 674
	s of the he company on	20/05/2020 5/03/2020 5/03/2020

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous Notice	Previous Notice	Present Notice	Present Notice
	Person’s votes	Voting power (5)	Person’s votes	Voting power (5)
Securities	16,446,578	8.81%	22,311,112	10.58%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate 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 change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
See Annexure A	See Annexure A	See Annexure A	See Annexure A	See Annexure A	See Annexure A

Note, all transactions took place on a prescribed financial market (ASX or ChiX)

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of Securities	Person entitled to be registered as holder (8)	Nature of relevant interest(6)	Class and number of securities	Person’s votes
Primary Person	HSBC Custody Nominees (Australia) Limited	HSBC Custody Nominees (Australia) Limited	In respect of 5,811,169 Securities shares held by HSBC Custody Nominees (Australia) Limited as nominee under s608(1)(b) and (c) by having the power to control voting and disposal.	5,811,169 Securities	2.75%
Primary Person	JP Morgan Nominees Australia Limited	JP Morgan Nominees Australia Limited	In respect of 4,502,677 Securities shares held by JP Morgan Nominees Australia Limited as nominee under s608(1)(b) and (c) by having the power to control voting and disposal.	4,502,677 Securities	2.13%
Primary Person	State Street (Australia) Ltd	State Street (Australia) Ltd	In respect of 9,704,448 Securities shares held by State Street (Australia) Ltd as nominee under s608(1)(b) and (c) by having the power to control voting and disposal.	9,704,448 Securities	4.6%
Primary Person	HSBC Custody Nominees (Australia) Limited	HSBC Custody Nominees (Australia) Limited	In respect of 1,904,999 Securities shares held by HSBC Custody Nominees (Australia) Limited as nominee under s608(1)(b) and (c) by having the power to control voting and disposal.	1,904,999 Securities	.9%
Primary Person	National Nominees Limited	National Nominees Limited	In respect of 387,819 Securities shares held by National Nominees Limited as nominee under s608(1)(b) and (c) by having the power to control voting and disposal.	387,819 Securities	.18%

5. Associates

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

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

6. Addresses

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

Name	Address
See annexures	The Substantial Shareholder – c/- Level 11, 179 Elizabeth Street, Sydney, NSW, 2000
	The entities listed in Annexure B – c/- Level 11, 179 Elizabeth Street, Sydney, NSW, 2000
ATOMOS LIMITED	29 Nott Street, PORT MELBOURNE, VIC, 3207

Signature

print name	Ian Kelly	capacity	Company Secretary
sign here		date	21/05/2020

ATOMOS LIMITED ACN 139 730 500

This is Annexure A of 1 pages referred to in Form Form 604 Change of interests of substantial holder.

Signature

print name sign here	Ian Kelly capacity Company Secretary	Ian Kelly capacity Company Secretary	Ian Kelly capacity Company Secretary	Ian Kelly capacity Company Secretary
	date 21/05/2020
	Date of Change	Person whose relevant interest changed	Consideration give in relation to change (5)	Class (6) and number of securities affected
	20/05/2020	PrimaryPerson	$214,641.85	418,409 Securities
	19/05/2020	PrimaryPerson	$108,096.06	200,000 Securities
	18/05/2020	PrimaryPerson	$30,812.98	56,237 Securities
	15/05/2020	PrimaryPerson	$312,275.14	548,292 Securities
	14/05/2020	PrimaryPerson	$460,066.19	768,462 Securities
	13/05/2020	PrimaryPerson	$1,710,000.00	3,800,000 Securities
	8/05/2020	PrimaryPerson	$33,458.75	-55,322 Securities
	15/04/2020	PrimaryPerson	$322.08	-488 Securities
	14/04/2020	PrimaryPerson	$145,053.15	-227,463 Securities
	9/04/2020	PrimaryPerson	$145,917.36	-238,505 Securities
	8/04/2020	PrimaryPerson	$10,956.89	-18,222 Securities
	7/04/2020	PrimaryPerson	$68,667.00	-110,000 Securities
	23/03/2020	PrimaryPerson	$19,782.00	70,000 Securities
	20/03/2020	PrimaryPerson	$40,555.00	130,000 Securities
	19/03/2020	PrimaryPerson	$3,752.00	10,000 Securities
	18/03/2020	PrimaryPerson	$3,690.00	-10,000 Securities
	17/03/2020	PrimaryPerson	$36,088.00	90,000 Securities
	13/03/2020	PrimaryPerson	$59,892.00	120,000 Securities
	9/03/2020	PrimaryPerson	$107,982.04	165,439 Securities
	6/03/2020	PrimaryPerson	$103,696.66	147,695 Securities

ATOMOS LIMITED ACN 139 730 500

This is Annexure B of 3 pages referred to in Form Form 604 Change of interests of substantial holder.

Signature

nature
print name Ian Kelly	capacity	Company Secretary
sign here	date	21/05/2020

The following entities represent the Passive Substantial Holders. Each is a related body corporate of the Principal Person or a person that controls a related body corporate of the Principal Person and so an associate of the Primary Person under section 12(2)(a) of the Corporations Act, and therefore a substantial holder in the Company.

PARTY/ENTITY NAME	AUSTRALIAN COMPANY
Arctic Capital Ltd
Bareage PtyLtd	060 526 865
Buttermilk Properties LLC
Cairnton Holdings Bahamas Limited
Cairnton Holdings Limited	008 394 134
Cairnton Holdings LLC
Cairnton PtyLtd	001 735 075
Castwo PtyLtd	084 494 520
Cavalane Holdings PtyLtd	080 695 754
CBG HoldingCompanyPtyLimited	163 161 420
Chatsworth One Limited
Chatsworth Two Limited
Chermon PtyLtd	123 039 305
Conpress(HongKong)Ltd
Conpress(Malaysia)Sdn Bhd
Conpress Cayman III,LDC
Conpress Christchurch PtyLtd
Conpress Finance BV
Conpress Holdings PtyLtd	088 047 974
Conpress International Finance Unlimited Company
Conpress International(Netherlands Antilles)II NV
Conpress Mauritius Limited
Conpress Securities PtyLimited	160 602 853
Consolidated Custodians International Ltd
Consolidated Custodians PtyLtd	008 394 492
Consolidated GamingPtyLtd	071 513 409
Consolidated Press(Finance)LLC
Consolidated Press(Finance)PtyLtd	001 557 035
Consolidated Press(Finance)II PtyLtd	603 295 834
Consolidated Press(Finance)III PtyLtd	604 881 030
Consolidated Press Financial Services PtyLtd	008 457 869
Consolidated Press Holdings(North America)LLC
Consolidated Press Holdings PtyLimited	008 394 509
Consolidated Press International Limited
Consolidated Press International Holdings Limited
Consolidated Press Investments PtyLtd	000 089 118
Consolidated Press PropertyPtyLtd	004 160 703
C.P. International Investments Ltd
CPH Barbuda Holdings Limited
CPH Capital PtyLtd	096 130 899
CPH Crown Holdings PtyLimited	603 296 804
CPH Direct Investments PtyLtd	122 328 652

PARTY/ENTITY NAME	AUSTRALIAN COMPANY	AUSTRALIAN COMPANY
CPH GamingI PtyLimited	603 295 674
CPH GamingII PtyLimited	603 295 923
CPH GamingIII PtyLimited	603 296 162
CPH GamingIVA PtyLimited	603 296 537
CPH GamingIVB PtyLimited	603 296 546
CPH(Ellerston Leisure)Holdings PtyLimited	608 726 334
CPH S.One Holdings PtyLimited	603 297 927
CPH S.One I PtyLimited	603 297 310
CPH Zhaopin Holdings PtyLimited	603 298 719
CPH Zhaopin Holdings I PtyLimited	603 298 344
CPH Zillow Holdings PtyLimited	603 300 090
CPH Zillow Holdings I PtyLimited	603 299 074
CPIL Two Limited
ECS Investment Partners PtyLtd	166 264 375
EC Ventures GP PtyLimited	606 074 864
Ellerstina Inversiones(Malaysia)Sdn Bhd
Ellerstina Inversiones SA
Ellerston Australian Small Companies Fund
Ellerston Asia Growth Fund
Ellerston Australian Share Fund
Ellerston Australian Market Neutral Fund
Ellerston Capital Limited	110 397 674
Ellerston EquityTail Risk Fund
Ellerston Global EquityManagers Fund
Ellerston Global Macro Fund
Ellerston Global Macro Fund(V2)
Ellerston Global Mid Small CapFund
Ellerston India Fund
Ellerston JAADE Australian Private Assets Fund(Retail)
Ellerston JAADE Australian Private Assets Fund(Wholesale)
Ellerston Loan Fund
Ellerston Low VolatilityIncome StrategyFund
Ellerston MicroCapFund
Ellerston Opportunities PtyLtd	150 851 666
Ellerston OverlayASF
Ellerston SIV Cash Management Trust
Ellerston SIV Government Bond Fund
Ellerston SIV Low-VolatilityEmergingCompanies Fund
Ellerston SIV Market Linked Income Fund
Ellerston SIV Pure EmergingCompanies Fund
Ellerston SIV Stable Income Fund
Ellerston Special Opportunities Platform
Hoyts Cinemas(South America)Holdings Limited
Hoyts Cinemas America Limited
Hoyts Cinemas Argentina Limited
Hoyts Cinemas Chile Limited
Hoyts Cinemas Operations PtyLtd	006 530 347
Hoyts Cinemas Overseas Holdings Sdn Bhd
Hoyts EmergingTerritories Ltd
Hoyts Overseas Operations Sdn Bhd
HUSH Holdings CompanyInc
HUSH HoldingSubsidiaryInc
HUSH Holdings US Inc
Hyde Park Gardens(Jersey)Limited
Jaslib PtyLtd	065 059 458
Jasopt PtyLtd	065 064 164
Manoc Developments PtyLtd	137 556 524
Northeast Cinemas,L.L.C.
Northeast Cinemas(Connecticut)L.L.C.

PARTY/ENTITY NAME	AUSTRALIAN COMPANY
Northeast Cinemas(Maryland)L.L.C.
Northkom PtyLtd	082 885 961
Northkom I PtyLimited	604 022 899
Northkom Bahamas Limited
Occam Partners Fund LP
Ridgegate ProprietaryLimited	058 139 923
Rosgrove PtyLimited	051 649 560
S.One HoldingCompanyPtyLimited	601 640 215
Samenic PtyLimited	066 234 900
Savabow PtyLtd	084 712 774
SBC Burlington Corp
ScrumPac PtyLtd	602 375 253
Silthree PtyLtd	084 494 575
Siltwo PtyLtd	084 494 495
Tastee Shears Holdings PtyLimited	627 444 464
Toranaga PtyLtd	056 229 728
TorayPtyLtd	002 348 503
West Buttermilk Holdings VIII LLC
Wilbur Holdings Aus Pty. Limited	633 535 565
Wilbur One Aus Pty. Limited	633 536 179