COMMS GROUP LTD — Major Shareholding Notification 2021

Feb 2, 2021

Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

To: Comms Group Ltd ACN/ARSN: 64 619 196 539 Source: Name: Perennial Value Management Limited ACN: 22 090 879 904 The holder became a substantial shareholder on: 1 February 2021

Australian Securities & Investments Commission

2. Details of Voting Power

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----- Start of picture text ----- The total number of votes attached to all the voting shares in the company or voting interest in the scheme that the substantial holder or an associate hadClass of securities Number of securities Person’s votes Voting Power (%)Ordinary 18,750,000 18,750,000 5.513. Details of relevant interestsThe nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became aHolder of relevant interest Nature of relevenat interest Class & number of securities (Ord)Perennial Value Management Investment Manager 18,750,000Limited4. Details of present registered holdersThe persons registered as holders of the securities referred to paragraph 3 above are as follows:Holder of relevant interest Registered holder of securities Person entitled to be registered as Class & number ofholder securities (Ord)Perennial Value Management 18,750,000National Asset Servicing National Asset ServicingLimited5. ConsiderationThe consideration paid for each relevant interest referred to paragraph 3 above, and acquired in the four months prior to the day that the substantialHolder of relevant interest Date of acquisition Consideration Class & and number ofCash Non-cash securitiesNational Asset Servicing 23/12/2020 $ 687,500.00 0 6,250,000National Asset Servicing 1/02/2021 $ 1,150,000.00 0 12,500,0006. AssociatesThe reasons the persons above in paragraph 3 above are associates of the substantial holder are as follows:Name & ACN Nature of associationNot applicable7. AddressesThe addresses of persons named in this form are as follows:Name AddressPerennial Value Management Level 27, 88 Phillip StLimited Sydney NSW 2000Comms Group Ltd Comms Group Ltd56 Clarence Street Level 6, Sydney, Nsw 2000----- End of picture text -----

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Signature
Print Name	Bill Anastasopoulos	Capacity	Company Secretary
Sign Here	Date	3/02/2021

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