AVADA GROUP LIMITED — Major Shareholding Notification 2021

Dec 19, 2021

603 Page 1 of 3 15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme AVADA Group Limited ACN/ARSN 648 988 783

1. Details of substantial holder (1)

Name Lance Hockridge

ACN/ARSN (if applicable)

The holder became a substantial holder on 17 / 12 / 2021

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)
Fully Paid Ordinary Shares (ORD)	7,620,847 (of which 5,620,847 are subject to escrow until 4 September 2023)	7,620,847 (of which 5,620,847 are subject to escrow until 4 September 2023)	10.4%

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
Hockridge Superannuation Pty Ltd <Hockridge Family Superannuation Fund>	Hockridge Superannuation Pty Ltd <Hockridge Family Superannuation Fund> is the registered holder of the shares and is deemed under Section 608(1) of the Corporations Act to have a relevant interest in those shares.	3,833,373 ORD (of which 2,819,460) are subject to escrow unit 4 September 2023)
Hockridge Estate Pty Ltd <Hockridge Family Trust>	Hockridge Estate Pty Ltd <Hockridge Family Trust> is the registered holder of the shares and is deemed under Section 608(1) of the Corporations Act to have a relevant interest in those shares.	3,787,474 ORD (of which 2,801,387) are subject to escrow unit 4 September 2023)
Lance Edwin Hockridge	Lance Hockridge is a director of and holds more than 20% of the voting power in Hockridge Superannuation Pty Ltd and Hockridge Estate Pty Ltd and thus is deemed under Section 608(3) of the Corporations Act to also have the same relevant interest in the Company as Hockridge Superannuation Pty Ltd and Hockridge Estate Pty Ltd.	7,620,847 ORD (of which 5,620,847 are subject to escrow until 4 September 2023)

603 Page 2 of 3 15 July 2001

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 interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
Hockridge Superannuation Pty Ltd <Hockridge Family Superannuation Fund>	Hockridge Superannuation Pty Ltd <Hockridge Family Superannuation Fund>	Hockridge Superannuation Pty Ltd <Hockridge Family Superannuation Fund>	3,833,373 ORD
Hockridge Estate Pty Ltd <Hockridge Family Trust>	Hockridge Estate Pty Ltd <Hockridge Family Trust>	Hockridge Estate Pty Ltd <Hockridge Family Trust>	3,787,474 ORD
Lance Hockridge	Hockridge Superannuation Pty Ltd and Hockridge Estate Pty Ltd	Hockridge Superannuation Pty Ltd and Hockridge Estate Pty Ltd	7,620,847 ORD

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 relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		Cash	Non-cash
Hockridge Superannuation Pty Ltd <Hockridge Family Superannuation Fund>	25 March 2021	-	2,819,460	2,819,460 ORD from share split
Hockridge Superannuation Pty Ltd <Hockridge Family Superannuation Fund>	14 December 2021	1,013,913	-	1,013,913 ORD
Hockridge Estate Pty Ltd <Hockridge Family Trust>	25 March 2021	-	2,801,387	2,801,387 ORD from share split
Hockridge Estate Pty Ltd <Hockridge Family Trust>	14 December 2021	986,087	-	986,087 ORD

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
Lance Hockridge	Lance Hockridge controls Hockridge Superannuation Pty Ltd <Hockridge Family Superannuation Fund> and Hockridge Estate Pty Ltd <Hockridge Family Trust> and thus is deemd under section 12(2) of the Corporations Act to be an associate of Hockridge Superannuation Pty Ltd <Hockridge Family Superannuation Fund> and Hockridge Estate Pty Ltd <Hockridge Family Trust>.

603 Page 3 of 3 15 July 2001

7. Addresses

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

Name	Address
Lance Hockridge	6 Sumar Street, Wavell Heights, QLD 4012
Hockridge Superannuation Pty Ltd <Hockridge Family Superannuation Fund>	6 Sumar Street, Wavell Heights, QLD 4012
Hockridge Estate Pty Ltd <Hockridge Family Trust>	6 Sumar Street, Wavell Heights, QLD 4012

Signature

ure
print name sign here	Lance Hockridge capacity Director, Hockridge Superannuation Pty Ltd and Hockridge Estate Pty Ltd
	date 20/12/2021

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 7 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 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 Act 2001.

• (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.