AVADA GROUP LIMITED — Major Shareholding Notification 2022

Feb 20, 2022

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of 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 previous notice was given to the company on The previous notice was dated There was a change in the interests of the substantial holder on	17/02/2022
	20/12/2021
	17/12/2021

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:

follows:
Class of securities (4)	Previous notice		Current notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
ORDINARY	6,350,000	8.67%	8,278,722	*11.30%

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

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:

Holder of relevant interest	Date of acquisition	Consideration (9)	Class and number of securities
	See Annexure 1

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
UBS AG, AUSTRALIA BRANCH	UBS NOMINEES PTY LTD	UBS AG, AUSTRALIA BRANCH	HOLDER OF SHARES	3,516,222 ORDINARY	3,516,222
J.P MORGAN SECURITIES PLC	J.P. MORGAN PRIME NOMINEES LTD	J.P MORGAN SECURITIES PLC	HOLDER OF SHARES	111,111 ORDINARY	111,111
CREDIT SUISSE AG	CS THIRD NOMINEES PTY LIMITED	CREDIT SUISSE AG	HOLDER OF SHARES	4,651,389 ORDINARY	4,651,389

5. Changes in associati The persons who have bec with, the substantial holder	5. Changes in associati The persons who have bec with, the substantial holder	on named in this form are as follows: print name capacity sign here date erests Nature of Change Consideration given in relation to change Number of securities affected Class of securities Persons votes affected Buy 51933.06 53722 Ordinary 53722 Buy 48590.00 50000 Ordinary 50000 Buy 1569500.00 1825000 Ordinary 1825000 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 ome associates (2) of, ceased to be associates of, or have changed the nature of their association (9) in relation to voting interests in the company or scheme are as follows: CompanySecretary ARSN (if applicable) PPLICABLE Nature of association ame ny Ho Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000 KennyHo al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management se relevant interest changed al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management 21/02/2022 al Funds Management al Funds Management	on named in this form are as follows: print name capacity sign here date erests Nature of Change Consideration given in relation to change Number of securities affected Class of securities Persons votes affected Buy 51933.06 53722 Ordinary 53722 Buy 48590.00 50000 Ordinary 50000 Buy 1569500.00 1825000 Ordinary 1825000 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 ome associates (2) of, ceased to be associates of, or have changed the nature of their association (9) in relation to voting interests in the company or scheme are as follows: CompanySecretary ARSN (if applicable) PPLICABLE Nature of association ame ny Ho Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000 KennyHo al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management se relevant interest changed al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management 21/02/2022 al Funds Management al Funds Management	on named in this form are as follows: print name capacity sign here date erests Nature of Change Consideration given in relation to change Number of securities affected Class of securities Persons votes affected Buy 51933.06 53722 Ordinary 53722 Buy 48590.00 50000 Ordinary 50000 Buy 1569500.00 1825000 Ordinary 1825000 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 ome associates (2) of, ceased to be associates of, or have changed the nature of their association (9) in relation to voting interests in the company or scheme are as follows: CompanySecretary ARSN (if applicable) PPLICABLE Nature of association ame ny Ho Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000 KennyHo al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management se relevant interest changed al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management 21/02/2022 al Funds Management al Funds Management	on named in this form are as follows: print name capacity sign here date erests Nature of Change Consideration given in relation to change Number of securities affected Class of securities Persons votes affected Buy 51933.06 53722 Ordinary 53722 Buy 48590.00 50000 Ordinary 50000 Buy 1569500.00 1825000 Ordinary 1825000 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 ome associates (2) of, ceased to be associates of, or have changed the nature of their association (9) in relation to voting interests in the company or scheme are as follows: CompanySecretary ARSN (if applicable) PPLICABLE Nature of association ame ny Ho Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000 KennyHo al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management se relevant interest changed al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management 21/02/2022 al Funds Management al Funds Management	on named in this form are as follows: print name capacity sign here date erests Nature of Change Consideration given in relation to change Number of securities affected Class of securities Persons votes affected Buy 51933.06 53722 Ordinary 53722 Buy 48590.00 50000 Ordinary 50000 Buy 1569500.00 1825000 Ordinary 1825000 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 ome associates (2) of, ceased to be associates of, or have changed the nature of their association (9) in relation to voting interests in the company or scheme are as follows: CompanySecretary ARSN (if applicable) PPLICABLE Nature of association ame ny Ho Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000 KennyHo al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management se relevant interest changed al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management 21/02/2022 al Funds Management al Funds Management	on named in this form are as follows: print name capacity sign here date erests Nature of Change Consideration given in relation to change Number of securities affected Class of securities Persons votes affected Buy 51933.06 53722 Ordinary 53722 Buy 48590.00 50000 Ordinary 50000 Buy 1569500.00 1825000 Ordinary 1825000 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 ome associates (2) of, ceased to be associates of, or have changed the nature of their association (9) in relation to voting interests in the company or scheme are as follows: CompanySecretary ARSN (if applicable) PPLICABLE Nature of association ame ny Ho Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000 KennyHo al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management se relevant interest changed al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management 21/02/2022 al Funds Management al Funds Management	on named in this form are as follows: print name capacity sign here date erests Nature of Change Consideration given in relation to change Number of securities affected Class of securities Persons votes affected Buy 51933.06 53722 Ordinary 53722 Buy 48590.00 50000 Ordinary 50000 Buy 1569500.00 1825000 Ordinary 1825000 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 Sell 0.00 0 Ordinary 0 ome associates (2) of, ceased to be associates of, or have changed the nature of their association (9) in relation to voting interests in the company or scheme are as follows: CompanySecretary ARSN (if applicable) PPLICABLE Nature of association ame ny Ho Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000 KennyHo al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management se relevant interest changed al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management al Funds Management 21/02/2022 al Funds Management al Funds Management
Name and ACN/		ARSN (if applicable)		Nature of association
NOT A		PPLICABLE
6. Addresses The addresses of persons
N		ame		Address
Ken		ny Ho		LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000
Signature Annexure 1 Changes in relevant int
Date	Person who	se relevant interest changed		Nature of Change	Consideration given in relation to change	Number of securities affected	Class of securities	Persons votes affected
20/12/2021	Reg	al Funds Management		Buy	51933.06	53722	Ordinary	53722
21/12/2021	Reg	al Funds Management		Buy	48590.00	50000	Ordinary	50000
17/02/2022	Reg	al Funds Management		Buy	1569500.00	1825000	Ordinary	1825000
0/01/1900 0/01/1900 0/01/1900 0/01/1900 0/01/1900 0/01/1900 0/01/1900 0/01/1900 0/01/1900 0/01/1900 0/01/1900 0/01/1900 0/01/1900 0/01/1900 0/01/1900 0/01/1900 0/01/1900 0/01/1900 0/01/1900 Reg Reg Reg Reg Reg Reg Reg Reg Reg Reg Reg Reg Reg Reg Reg Reg Reg Reg Reg

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:

Name and ACN/ARSN (if applicable) Nature of association NOT APPLICABLE The addresses of persons named in this form are as follows: Name Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY Kenny Ho NSW 2000

6. Addresses

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

Signature

Annexure 1

Changes in relevant interests

			Consideration
			given in	Number of		Persons
		Nature of	relation to	securities	Class of	votes
Date	Person whose relevant interest changed	Change	change	affected	securities	affected
20/12/2021	Regal Funds Management	Buy	51933.06	53722	Ordinary	53722
21/12/2021	Regal Funds Management	Buy	48590.00	50000	Ordinary	50000
17/02/2022	Regal Funds Management	Buy	1569500.00	1825000	Ordinary	1825000