CTI LOGISTICS LIMITED — Major Shareholding Notification 2017

May 28, 2017

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	CTI Logistics Limited
ACN/ARSN	008 778 925
1. Details of substantial holder(1)
Name	David Mellor
ACN/ARSN (if applicable)
There was a change in the Interests of the substantial holder on	29 / 05 / 2017
The previous notice was given to the company on The previous notice was dated	12 / 03 / 2008 13/03/2008

$2.$ 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
	Person's votes	Voting Power (5)	Person's votes	Voting power (5)
Ordinary	3,419,489	10%	4.564.851	6.14%

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 of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
	See Attached - Annexure 1

$\ddot{a}$ 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 securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
	See Attached - Annexure 2

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
----

6 Addresses

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

Name -----	Address
All of the above	I Drummond Place, West Perth, WA 6005

Signature

print name	DAVID MELLORA		. capacity		$D$ 12ECT02
sign here		100 10	date	29/		20/7

DIRECTIONS

• $(1)$ If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the tom
• See the definition of "associate in section 9 of the Corporations Act 2001. $(2)$
• $(3)$ See the definition of "relevant interest, in sections 608 and 671B(7) of the Corporations Act 2001.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any $(a)$ document setting out 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
• $(b)$ 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 which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement' in section 9 of the Corporations Act 2001.

• 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
  entitled to receive in relation to that acquisition. Details m $(7)$ the relevant interest was acquired.
• $(8)$ If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

FORM 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial shareholder CTI Logistics Limited ACN 008778925

3. Changes in relevant interests

			Consideration	Number of
	Persons who relevant interst		given in nature	ordinary
Date of change	changed	Naature of change	of change	securites	Persons votes affected
	05-12-08 David Mellor	1 for 5 bonus issue	Nil	45,426	David Mellor
	30-08-10 David Mellor	inheritance	Nil		90,000 David Mellor
	08-12-10 David Mellor	1 for 5 bonus issue	Nil		72,509 David Mellor
	05-06-12 David Mellor	1 for 5 bonus issue	Nil		87,012 David Mellor
	05-12-08 Peachtree Pty Ltd	1 for 5 bonus issue	Nil		125,901 Peachtree Pty Ltd
	08-12-10 Peachtree Pty Ltd	1 for 5 bonus issue	Nil		151,081 Peachtree Pty Ltd
	05-06-12 Peachtree Pty Ltd	1 for 5 bonus issue	Nil		181,297 Peachtree Pty Ltd
		Dividend	188 cents per
	15-04-14 Peachtree Pty Ltd	Reinvestment Plan	share		23,144 Peachtree Pty Ltd
	05-12-08 Nicor Holdings Pty Ltd	1 for 5 bonus issue	Nil		901 Nicor Holdings Pty Ltd
	08-12-10 Nicor Holdings Pty Ltd	1 for 5 bonus issue	Nil	1,082	Nicor Holdings Pty Ltd
	05-06-12 Nicor Holdings Pty Ltd	1 for 5 bonus issue	Nil		1,298 Nicor Holdings Pty Ltd
					Aberdeen Management Pty
	05-12-08 Aberdeen Management Pty Ltd 1 for 5 bonus issue		Nil	237,160 Ltd
					Aberdeen Management Pty
	08-12-10 Aberdeen Management Pty Ltd 1 for 5 bonus issue		Nil	284,592 Ltd
	05-06-12 Aberdeen Management Pty Ltd 1 for 5 bonus issue		Nil		341,511 Aberdeen Management Pty
		Dividend	188 cents per		Aberdeen Management Pty
	15-04-14 Aberdeen Management Pty Ltd Reinvestment Plan		share	43,596	lLtd
			75 cents per		Aberdeen Management Pty
	29-05-17 Aberdeen Management Pty Ltd Sale		share	1,470,317	Ltd
	DAM Nominees Pty Ltd Family				DAM Nominees Pty Ltd Family
05-12-08 A/c		1 for 5 bonus issue	Nil	266,402 A/C
08-12-10 A/c	DAM Nominees Pty Ltd Family	1 for 5 bonus issue			DAM Nominees Pty Ltd Family
	DAM Nominees Pty Ltd Family		Nil 113 cents per	319,682 A/C	DAM Nominees Pty Ltd Family
29-11-11 A/c		Employee Share Plan	share	150,000 A/C
	DAM Nominees Pty Ltd Family				DAM Nominees Pty Ltd Family
05-06-12 A/c		1 for 5 bonus issue	Nil	413,618 A/C
	DAM Nominees Pty Ltd Family		185 cents per		DAM Nominees Pty Ltd Family
09-05-13 A/c		Sale	share	400,000	A/c
	DAM Nominees Pty Ltd Family		177 cents per		DAM Nominees Pty Ltd Family
$01-12-14$ A/c		Employee Share Plan	share	150,000	A/C
	DAM Nominees Pty Ltd ATF 05-12-08 Rollem Super Fund				DAM Nominees Pty Ltd ATF
		1 for 5 bonus issue	Nil	8,101	Rollem Super Fund
	DAM Nominees Pty Ltd ATF				DAM Nominees Pty Ltd ATF
	08-12-10 Rollem Super Fund	1 for 5 bonus issue	Nil		9,721 Rollem Super Fund
	DAM Nominees Pty Ltd ATF				DAM Nominees Pty Ltd ATF
	05-06-12 Rollem Super Fund	1 for 5 bonus issue	Nil	11,665	Rollem Super Fund

FORM 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial shareholder CTI Logistics Limited ACN 008778925

4. Present relevant interests
Holder of relevent interest securites	Registered holder of	Person entitled to be registered as holder	Nature of relevent linterest	Number of lordinarv l securities	lPerson's votes
David Mellor	David Mellor			522,080	522,080
David Mellor	Peachtree Pty Ltd	Peachtree Ptv Ltd	Director	1,110,928	1,110,928
lDavid Mellor	Nicor Holdings Pty Ltd	Nicor Holdings Pty Ltd	Director	7,790	7,790
lDavid Mellor	Aberdeen Management i Ptv Ltd	Aberdeen Management Ptv Ltd	Director	622,346	622,346
	DAM Nominees Pty Ltd	DAM Nominees Pty Ltd
l David Mellor	Family A/c	Family A/c	IDirector	2,231,714	2,231,714
	DAM Nominees Pty Ltd	DAM Nominees Pty Ltd
David Mellor	ATF Rollem Super Fund	ATF Rollem Super Fund	IDirector	69,993	69,993

29 May 2017

To Whom it may concern

David Mellor interests in CTI Logistics Limited

In accordance with Section 671B of the Corporations Act 2001 (Cth), the attached Form 604 (Notice of change of interests of substantial shareholder) for David Mellor of interests in CTI Logistics Limited $(CTI).$

I advise that the attached form reflects the dilution of my voting power due to the allotment of placement shares in CTI and as a result of the sale of shares held by Aberdeen Management Pty Ltd in CTI by a related party.

Yours faithfully

Melly.

David Mellor