CONTROL BIONICS LIMITED — Major Shareholding Notification 2021

Mar 7, 2021

FORM 603 Corporations Act 2001 Section 671B

NOTICE OF INITIAL SUBSTANTIAL HOLDER

To: Company Name/Scheme

CBL - Control Bionics Limited

ACN/ARSN

45 115 465 462

1. Details of Substantial Holder(1)

Name ACN/ARSN (if applicable)

The holder became a substantial holder on

Acorn Capital Limited 082 694 531

5/03/2021

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of Securities (4)	Number of Securities	Person's Votes (5)	Voting Power (6)
Ordinary	4,422,182	4,422,182	5.27%

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 holder are as follows:

Holder of Relevant Interest	Nature of Relevant Interest (7)	Class and Number of Securities
Acorn Capital Ltd	In its capacity as investment manager for various superannuation funds, institutional investor portfolios and unit trusts has the power to exercise , or control of, a right attached to the securities and has the power to dispose of, or control the exercise of a power to dispose of, the securities.	4,422,182

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 Interest	Registered Holder of Securities	Person Entitled to be Registered as Holder (8)	Class and Number of Securities
Acorn Capital Ltd	BNP Paribas Securities Services Australia	BNP Paribas Securities Services Australia	4,422,182.00

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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)	Class and Number of Securities
See Annexure A

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) Name of Association

7. Addresses

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

Name	Address
All Relevant Holders	C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000

Print Name PAUL PALUMBO Capacity Portfolio Manager Sign Here Date 8/03/2021

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Annexure A

Entity Date Of Change 26/11/2020 Acorn Capital Ltd 23/12/2020 Acorn Capital Ltd 21/01/2021 Acorn Capital Ltd 27/01/2021 Acorn Capital Ltd 29/01/2021 Acorn Capital Ltd 01/02/2021 Acorn Capital Ltd 02/02/2021 Acorn Capital Ltd 02/03/2021 Acorn Capital Ltd 03/03/2021 Acorn Capital Ltd 05/03/2021 Acorn Capital Ltd	Quantity Consideration Type of Transaction $1,700,000.40 2,833,334 Purchase $180,982.15 180,441 Purchase $205,676.51 250,000 Purchase $4,163.70 5,000 Purchase $11,161.25 13,734 Purchase $133,234.77 164,149 Purchase $100,684.37 124,000 Purchase $82,134.08 126,158 Purchase $35,463.00 54,379 Purchase $403,920.75 670,987 Purchase	Quantity

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