CAVALIER RESOURCES LIMITED — Major Shareholding Notification 2022

Jun 21, 2022

603 page 1/2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scherne	Cavalier Resources Limited
ACN/ARSN	ACN 635 842 143
1. Details of substantial holder (1) Name	Netwealth Superannuation Services Pty Ltd as trustee of the Netwealth Superannuation Master Fund (NSMF)

The holder became a substantial holder on 17/06/2022

2 Details of voting power

The total number of votes attached to all the votingshares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a
relevant interest (3) in on the date the substantial holder

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Fully Paid Ordinary Shares (Shares)	2,320,000	2,320,000	5.39%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holderare as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Netwealth Superannuation Services Pty Ltd	Beneficial owner as trustee of the NSMF	2,320,000 Shares
Netwealth Investments Limited	Legal owner as custodian for Netwealth Superannuation Services Pty Ltd as trustee of the NSMF	2,320,000 Shares
Netwealth Holdings Limited	Netwealth Superannuation Services Pty Ltd and Netwealth Investments Limited are wholly owned subsidiaries of Netwealth Holdings Limited	2,320,000 Shares
Netwealth Group Limited	Netwealth Holdings Limited is a wholly owned subsidiary of Netwealth Group Limited	2,320,000 Shares

4 Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant	Registered holder of securities	Person entitled to be	Class and number
interest		registeredasholder(8)	ofsecurities
Netwealth Superannuation Services Pty Ltd	Netwealth Investments Limited as custodian for Netwealth Superannuation Services Pty Ltd as trustee of the NSMF	Netwealth Investments Limited as custodian for Netwealth Superannuation Services Pty Ltd as trustee of the NSMF	2,320,000 Shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition		Consideration (9)
		Cash	Non-cash
Netwealth Superannuation Services Pty Ltd	17/06/2022	\$464,000		2.320,000 Shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Netwealth Group Limited ACN 620 145 404	Head of the Netwealth Group of companies, of which Netwealth Superannuation Services Pty Ltd is a subsidiary
Netwealth Holdings Limited ACN 133 790 146	Related party and 100% owner of Netwealth Superannuation Services Pty Ltd
Netwealth Investments Limited ACN 090 569 109	Related party of Netwealth Superannuation Services Pty Ltd

7. Addresses

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

Name	Address
Netwealth Superannuation Services Pty Ltd	Level 6, 180 Flinders Street, Melbourne Victoria 3000
Netwealth Investments Limited	Level 6, 180 Flinders Street, Melbourne Victoria 3000
Netwealth Group Limited	Level 6, 180 Flinders Street, Melbourne Victoria 3000
Netwealth Holdings Limited	Level 6, 180 Flinders Street, Melbourne Victoria 3000

Signature

print name	Andrew Holden		capacity Company Secretary
sign here	Aflete	date	22 / 06 / 2022

DIRECTIONS

• If there are a number of substantial holders withsimilar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an
  equity trust), therames could be included in an annex $(1)$ form
• See the definition of "associate" insection 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes $(4)$
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a (5) relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. (6)
• $\Omega$ Include details of:

$(8)$

• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out $(a)$ the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to $(b)$ which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" insection 9 of the Corporations Act 2001.

• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest anses because of an option) write "unknown".
• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become $(9)$ entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.