AUSTAL LIMITED — Major Shareholding Notification 2016

Jan 26, 2016

Form 603

Corporations Law Section 671B

Notice of initial substantial holder

To Company Name/Scheme AUSTAL LIMITED ACN/ARSN 73 009 250 266

1. Details of substantial holder(1)

Name Renaissance Smaller Companies Pty Ltd ACN/ARSN (if applicable) 103 874 102 The holder became a substantial holder on 22/01/2016

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	Persons' votes (5)	Voting power (6)
FPO	17,521,530	17,521,530	5.04%

• *Based on issued capital of 347,666,150 shares 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:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
See Schedule 1

4. Details of present registered holders

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

Holder of relevant	Registered holder of	Person entitled to be registered as	Class and number
interest	securities	holder (8)	of securities
See Schedule 1

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:

Holder of relevantinterest	Date of acquisition	Consideration (9)	Consideration (9)	Class and numberof securities
		Cash	Non-cash
Renaissance SmallerCompanies Pty LtdVarious dates between(22/09/2015 and 22/01/2016)Considerationfor Acquisition ofShares$9,020,627.04Acquisition of6,001,504shares

SYD4_136354_1 (W97)

6. 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

7. Addresses

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

Name	Address
Renaissance Smaller Companies Pty Ltd	Suite 2302, Level 23, 56 Pitt St Sydney NSW 2000

Signature

print nameDavid FlemingcapacityDirector
sign heredate
DIRECTIONS
a number of substantial holders with similar or related relevant interests (eg. a corporation and its related
ns, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the
terests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically
up if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of
finition of 'associate' in section 9 of the_Corporations Law_.
finition of 'relevant interest' in sections 608 and 671B(7) of the_Corporations Law_.
shares of a company constitute one class unless divided into separate classes.
umber of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the
an associate has a relevant interest in.
n's votes divided by the total votes in the body corporate or scheme multiplied by 100.
tails of:
elevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4)
es, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving
nd accurate details of any contract, scheme or arrangement, must accompany this form, together with a written
ment certifying this contract, scheme or arrangement; and
qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting
rs or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to
h the qualification applies).
finition of 'relevant agreement' in section 9 of the_Corporations Law_.
tantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option)
own'.
he consideration must include any and all benefits, money and other, that any person from whom a relevant interest
ed has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit
nal on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the
l holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the
terest was acquired.

• (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 7 of the form.

• (2) See the definition of 'associate' in section 9 of the Corporations Law .

• (3) See the definition of 'relevant interest' in sections 608 and 671B(7) of the Corporations Law .

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

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

• (7) Include details of:

  • (a) any relevant agreement or other circumstances by which the relevant interest was acquired. 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 Law .

• (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) 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.

SYD4_136354_1 (W97)

Schedule 1 - Renaissance Smaller Companies Pty Ltd becoming a substantial holder for AUSTAL LIMITED (ASB)

Details of relevant interests

Holder of relevant interest	Nature of relevant interest	Class and number of securities
Renaissance Smaller Companies Pty Ltd	Power to (or to control) exercise voteand/or dispose of the securities asdiscretionary investment managers oradvisers of superannuation funds, pooledsuperannuation trusts, managed investmentschemes and investment managementagreements.	Fully paid ordinary shares17,521,530

Details of present registered holders

Holder of relevant interest	Registered holder of securities	Persons entitled to be a registeredholder	Class and number of securities
Renaissance Smaller Companies Pty Ltd	JP Morgan Nominees Australia Ltd	JP Morgan Nominees Australia Ltd	1,844,278FPO
Renaissance Smaller Companies Pty Ltd	National Nominees Ltd	National Nominees Ltd	6,214,786FPO
Renaissance Smaller Companies Pty Ltd	RBC Global Services Australia Pty Ltd	RBC Global Services Australia Pty Ltd	2,126,126FPO
Renaissance Smaller Companies Pty Ltd	Northern Trust	Northern Trust	1,522,364FPO
Renaissance Smaller Companies Pty Ltd	State Street Australia Limited	State Street Australia Limited	5,813,976FPO