CAPRAL LIMITED — Major Shareholding Notification 2018

Mar 28, 2018

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme: Capral Ltd ACN/ARSN: 004 213 692

1. Details of substantial holder (1)

Name: Schroder Investment Management Australia Limited ACN/ARSN (if applicable): 000 443 274 There was a change in the interests of the 29/03/2018 substantial holder on: The previous notice was given to the 02/08/2017 company on: The previous notice was dated: 02/08/2017

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	Present notice	Present notice
	Person’s votes	Voting power(5)	Person's votes	Voting power (5)
Ordinary Shares	25,082,934	5.26%	30,915,376	6.44%

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 ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Consideration given inrelation to change (7)	Class and numberof securitiesaffected	Person’s votesaffected
03/08/2017 -29/03/2018	SIMAL	Buy	$908,041.68	6,403,041Ordinary Shares	6,403,041
03/08/2017 -29/03/2018	SIMAL	Sell	$570,599.00	570,599Ordinary Shares	570,599
03/08/2017 -29/03/2018	SIMAL	Transfer	-	NA	NA

4. Present relevant interests

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

		f the substantial holder in votin			g securities after th
Holder of relevantinterest	Registeredof securi	holder	Person entitled	N	ature of	Class	and number	Person’s votes
		ties	to be registeredas holder (8)	rin	elevantterest (6)	of securities
SIMAL	BNP ParibasSecurities Services		BNP ParibasSecuritiesServices	Power todispose ofsecurities		15,753,050Ordinary Shares		15,753,050
SIMAL	JP MorganCustodial Services		JP MorganCustodialServices	Power todispose ofsecurities		15,162,326Ordinary Shares		15,162,326

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
Schroder Investment Management Australia Limited (“SIMAL”)	Relevant Fund Manager

6. Address

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

Name	Address
Schroder Investment Management (Australia) Limited(“SIMAL”)	Level 20, Angel Place, 123 Pitt Street, Sydney, 2000,Australia