AVADA GROUP LIMITED — Major Shareholding Notification 2023

Aug 30, 2023

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Avada Group Ltd (AVD) ACN/ARSN 648 988 783

1. Details of substantial holder (1)

Regal Funds Management Pty Limited and its associates Name (see Annexure 1) -

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on

29/08/2023 The previous notice was given to the company on 7/06/2022 The previous notice was dated 3/06/2022

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	Current notice	Current notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
ORDINARY	8,278,722	11.30%	11,549,962	*13.96%

*The % substantial is based on the shares on issue of 82,723,025 as disclosed by the Company on 31-08-2023.

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 2

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
			Power to control the
Regal Funds Management Pty Ltd and its associates	UBS NOMINEES PTY LTD	UBS AG, AUSTRALIA BRANCH	exercise of a power to dispose of	9,906,290 ORDINARY	9,906,290
			securities
			Power to control the
Regal Funds Management Pty Ltd and its associates	MERRILL LYNCH (AUS) NOMINEES PTY LTD	MERRILL LYNCH INTERNATIONAL LIMITED	exercise of a power to dispose of	433,425 ORDINARY	433,425
			securities
			Power to control the
Regal Funds Management Pty Ltd and its associates	J.P. MORGAN PRIME NOMINEES LTD	J.P MORGAN SECURITIES PLC	exercise of a power to dispose of	1,210,247 ORDINARY	1,210,247
			securities

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
		REGAL PARTNERS LIMITED		100% OWNER OF REGAL			FUNDS MANAGEMENT PTY
						LIMITED
6. Addresses
The addresses		of persons named in this form are as follows:
		Name				Address
REGAL FUNDS MANAGEMENT PTY LIMITED				LEVEL 47, GATEWAY,		1 MACQUARIE		PLACE, SYDNEY
						NSW 2000
		REGAL PARTNERS LIMITED		LEVEL 47, GATEWAY,		1 MACQUARIE		PLACE, SYDNEY
						NSW 2000
Signature
		print name KennyHo					capacity		CompanySecretary
		sign here					date		31/08/2023
Annexure	1
Details of Substantial Holders
ACN		Name
107 576 821		REGAL FUNDS MANAGEMENT PTY LIMITED
129 188 450		REGAL PARTNERS LIMITED
Annexure	2
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
		Regal Funds Management Pty Limited (and Regal
		Partners Limited by virtue of control of Regal Funds
3/08/2022		Management Pty Limited)		Sell	47919.80		59000		Ordinary	59000
		Regal Funds Management Pty Limited (and Regal
		Partners Limited by virtue of control of Regal Funds
4/08/2022		Management Pty Limited)		Sell	10839.58		13219		Ordinary	13219
		Regal Funds Management Pty Limited (and Regal
		Partners Limited by virtue of control of Regal Funds
12/08/2022		Management Pty Limited)		Sell	10.20			12	Ordinary	12
		Regal Funds Management Pty Limited (and Regal
		Partners Limited by virtue of control of Regal Funds
15/08/2022		Management Pty Limited)		Sell	4464.20			5252	Ordinary	5252

26/09/2022	Regal Funds Management Pty Limited (and Regal Partners Limited by virtue of control of Regal Funds Management Pty Limited)	Sell	277.68	356	Ordinary	356
29/09/2022	Regal Funds Management Pty Limited (and Regal Partners Limited by virtue of control of Regal Funds Management Pty Limited)	Sell	520.00	650	Ordinary	650
30/09/2022	Regal Funds Management Pty Limited (and Regal Partners Limited by virtue of control of Regal Funds Management Pty Limited)	Sell	1232.00	1600	Ordinary	1600
25/10/2022	Regal Funds Management Pty Limited (and Regal Partners Limited by virtue of control of Regal Funds Management Pty Limited)	Sell	1916.61	2203	Ordinary	2203
2/11/2022	Regal Funds Management Pty Limited (and Regal Partners Limited by virtue of control of Regal Funds Management Pty Limited)	Sell	6388.80	7260	Ordinary	7260
15/11/2022	Regal Funds Management Pty Limited (and Regal Partners Limited by virtue of control of Regal Funds Management Pty Limited)	Sell	14287.65	16809	Ordinary	16809
16/11/2022	Regal Funds Management Pty Limited (and Regal Partners Limited by virtue of control of Regal Funds Management Pty Limited)	Sell	10671.17	12417	Ordinary	12417
22/11/2022	Regal Funds Management Pty Limited (and Regal Partners Limited by virtue of control of Regal Funds Management Pty Limited)	Sell	10625.00	12500	Ordinary	12500
30/06/2023	Regal Funds Management Pty Limited (and Regal Partners Limited by virtue of control of Regal Funds Management Pty Limited)	Buy	51953.48	70685	Ordinary	70685
28/08/2023	Regal Funds Management Pty Limited (and Regal Partners Limited by virtue of control of Regal Funds Management Pty Limited)	Sell	1185.00	1500	Ordinary	1500
29/08/2023	Regal Funds Management Pty Limited (and Regal Partners Limited by virtue of control of Regal Funds Management Pty Limited)	Buy	1999999.80	3333333	Ordinary	3333333