BEGA CHEESE LIMITED — Major Shareholding Notification 2021

Feb 28, 2021

Form 604 Corporations Act 2001 Section 671B

Notice of Change of Interests of Substantial Holder

To: BEGA CHEESE LIMITED

ACN/ARSN:

1. Details of substantial holder (1)

Name: FIL Limited and the entities listed in Annexure A ("FIL") ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on The previous notice was given to the company on The previous notice was dated

25 February 2021 23 December 2020 23 December 2020

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	Previous Notice	Previous Notice	Present Notice	Present Notice
Securities (4)	Person’s votes	Voting Power (5)	Person’s votes	Voting Power (5)
COMMON	16,227,402	5.37%	19,838,245	6.56%
STOCK

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:

Date of	Person	Nature of	Consideration	Class and	Person’s votes
Change	whose	change (6)	given in relation	number of	affected
	relevant		to change (7)	securities
	interest			affected
	changed
				COMMON	COMMON
				STOCK	STOCK
02/03/2021	FIL	BUY	5.8110 AUD	1,135	1,135
02/03/2021	FIL	BUY	5.8110 AUD	1,818	1,818
02/03/2021	FIL	BUY	5.8110 AUD	2,024	2,024
02/03/2021	FIL	BUY	5.8110 AUD	3,009	3,009
02/03/2021	FIL	BUY	5.8110 AUD	8,026	8,026
02/04/2021	FIL	BUY	5.8205 AUD	860	860
02/04/2021	FIL	BUY	5.8205 AUD	1,727	1,727
02/04/2021	FIL	BUY	5.8486 AUD	24,956	24,956
02/04/2021	FIL	BUY	5.8486 AUD	68,025	68,025
02/04/2021	FIL	BUY	5.8486 AUD	75,727	75,727
02/04/2021	FIL	BUY	5.8486 AUD	111,702	111,702

02/04/2021	FIL	BUY	5.8486 AUD	298,573	298,573
02/24/2021	FIL	BUY	6.2157 AUD	270,221	270,221
02/24/2021	FIL	BUY	6.2157 AUD	1,079,779	1,079,779
02/24/2021	FIL	BUY	6.2648 AUD	159,380	159,380
02/24/2021	FIL	BUY	6.2648 AUD	636,867	636,867
02/25/2021	FIL	BUY	6.1864 AUD	173,162	173,162
02/25/2021	FIL	BUY	6.1864 AUD	693,852	693,852
			**Total Buys **	3,610,843	3,610,843
			Total Sells	(0)	(0)
			**Total Net Buys **	3,610,843	3,610,843

4. Present Relevant Interest

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Refer to Annexure A

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 N/A

6. Addresses

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

Refer to Annexure A

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Sign Here ______

Dated: 01 March 2021 Jen Li Head of Regulatory Reporting, Asia Pacific Duly authorized under Powers of Attorney by and on behalf of FIL Limited

Annexure A

	Investment Manager	Address	Custodian	Nature of Relevant Interest	Sum of Numerator Shares
	FIL Investment	Level 11, 167	BROWN BROS HARRIMN
					551,551
	Management	Macquarie Street,	LTD LUX(C)
				Investment Discretion /
	(Australia) Limited	Sydney, NSW 2000,	BROWN BROTHERS
				Voting Power	21,168
		Australia	HARRIMAN AND CO
			CITIBANK LONDON		1,197,391

			HSBC BANK PLC(C)		1,782,593
			JP MORGAN,
					2,770,605
			BOURNEMOUTH(C)
			JPMORGAN CHASE BANK
					301,119
			NA LDN
			NATIONAL ASTL BK
					2,190,694
			MELBOURNE(S)
			NORTHERN TRUST
					1,916,537
			LONDON(C)
			STATE STREET
					345,033
			LUXEMBOURG
	FIL Investment	8 Marina View,
	Management	#35-06, Asia Square	NORTHERN TRUST
					301,154
	(Singapore) Limited	Tower 1, 018960,	LONDON (C)
		Singapore
	FIL Responsible	Level 11, 167
	Entity (Australia)	Macquarie Street,	JP MORGAN,
					8,460,400
	Limited	Sydney, NSW 2000,	BOURNEMOUTH (C)
		Australia
	Grand Total				19,838,245