CALIX LIMITED — Major Shareholding Notification 2021

May 27, 2021

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/SchemeCalix Ltd
ACN/ARSN:36 117 372 540	Source:	Australian Business Register
1. Details of substantial holder (1)
Name:Perennial Value Management	Limited (PVM)
ACN/ARSN (if applicable)22 090 879 904
There was a change in the interest of the substantial holder on		26 May 2021
The previous notice was given to the company on		27 May 2021
The previous notice was dated		25 May 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 relavant interest

Class of securities (4)	Previous notice			Present notice
	Person's votes		Voting Power(%) (5)	Person's votes	Voting Power(%) (5)
Ordinary		10,842,309	6.84	8,842,309	5.58

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

Date of change		Person whose relevant	Nature of change (6)	Consideration given in	Consideration given in	Class & number of	Person's votes affected
		interest changed		relation to change (7)		securities affected
	26/05/2021	BNP Paribas Securities	Sell On the Market	$	339,099.88	125,405	125,405
		Services
	26/05/2021	BNP Paribas Securities	Sell On the Market	$	445,960.76	164,924	164,924
		Services
	26/05/2021	Citicorp Nominees Pty Limited	Sell On the Market	$	1,111,908.54	411,203	411,203
	26/05/2021	National Asset Servicing	Sell On the Market	$	2,314,213.07	855,836	855,836
	26/05/2021	National Asset Servicing	Sell On the Market	$	624,484.06	230,945	230,945
	26/05/2021	Northern Trust	Sell On the Market	$	572,409.70	211,687	211,687

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	Person entitled to be	Nature of relevant	Class & number of	Person's votes
	securities	registered as holder (8)	interest (6)	securities (Ord)
Perennial Value ManagementLimited	National Asset Servicing	National Asset Servicing	3,849,127	3,849,127	3,849,127
Perennial Value ManagementLimited	Northern Trust	Northern Trust	1,068,525	1,068,525	1,068,525
Perennial Value ManagementLimited	BNP Paribas Securities Services	BNP Paribas SecuritiesServices	1,481,689	1,481,689	1,481,689
Perennial Value ManagementLimited	Citicorp Nominees Pty Limited	Citicorp Nominees PtyLimited	2,442,968	2,442,968	2,442,968

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

Name & ACN	Nature of association
Not applicable

6. Addresses

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

Name	Address
Perennial Value Management Ltd	Level 27, 88 Phillip StSydneyNSW 2000
Calix Ltd	Calix Ltd9-11 Bridge Street Level 1,Pymble,Nsw 2073

Signature

Print Name	Bill Anastasopoulos	Capacity	Company Secretary
Sign Here		Date	28/05/2021

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