AVADA GROUP LIMITED — Major Shareholding Notification 2021

Dec 19, 2021

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme Avada Group Limited (AVD)

ACN/ARSN 648 988 783

1. Details of substantial holder (1)

Name Regal Funds Management Pty Ltd (RFM)

ACN/ARSN (if applicable) 107 576 821

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)
ORDINARY	6,350,000	6,350,000	*8.67%

*The % substantial is based on the shares on issue of 73,268,358 as disclosed by the Company on 16-12-2021.

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
REGAL FUNDS MANAGEMENT PTY LIMITED	REGAL FUNDS MANAGEMENT PTY LIMITED HAS A RELEVANT INTEREST IN ITS CAPACITY AS INVESTMENT MANAGER AND/OR TRUSTEE	6,350,000 ORDINARY

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)	Nature of relevant interest (6)	Class and number of securities	Person's votes
CREDIT SUISSE AG	CS THIRD NOMINEES PTY LIMITED	CREDIT SUISSE AG	HOLDER OF SHARES	6,350,000 ORDINARY	6,350,000

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)		Class and number of securities
	See Annexure 1
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
	NOT APPLICABLE
7. Addresses
The addresses of persons named in this form are as follows:
	Name			Address
	Kenny Ho		LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000
Signature
	print name	Kenny	Ho		capacity	CompanySecretary
	sign here				date	20/12/2021
Annexure 1
Consideration
				Considerati
				on given in	Number of		Persons
	Person whose relevant interest		Nature of	relation to	securities	Class of	votes
Date	changed		Change	change	affected	securities	affected
17/12/2021	Regal Funds Management		Buy	6350000.00	6350000	Ordinary	6350000
0/01/1900	Regal Funds Management		Sell	0.00	0	Ordinary	0
0/01/1900	Regal Funds Management		Sell	0.00	0	Ordinary	0
0/01/1900	Regal Funds Management		Sell	0.00	0	Ordinary	0
0/01/1900	Regal Funds Management		Sell	0.00	0	Ordinary	0
0/01/1900	Regal Funds Management		Sell	0.00	0	Ordinary	0
0/01/1900	Regal Funds Management		Sell	0.00	0	Ordinary	0
0/01/1900	Regal Funds Management		Sell	0.00	0	Ordinary	0
0/01/1900	Regal Funds Management		Sell	0.00	0	Ordinary	0
0/01/1900	Regal Funds Management		Sell	0.00	0	Ordinary	0
0/01/1900	Regal Funds Management		Sell	0.00	0	Ordinary	0