CTI LOGISTICS LIMITED — Major Shareholding Notification 2018

Jan 10, 2018

603 Page 1 of 3 15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme

CTI LOGISTICS LIMITED

ACN/ARSN 008 778 925

1. Details of substantial holder (1)

Name SPHERIA ASSET MANAGEMENT PTY LIMITED

ACN/ARSN (if applicable) 611 081 326

The holder became a substantial holder on 09 / 01 / 2018

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	3,851,264	3,851,264	5.08%

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 interestSPHERIA ASSET MANAGEMENT PTYLIMITED	Nature of relevant interest (7)SPHERIA ASSET MANAGEMENT PTYLIMITED IN ITS CAPACITY ASINVESTMENT MANAGER HAS THE POWERTO CONTROL VOTING AND/ORDISPOSAL OF SECURITIES	Class and number of securities3,851,264 ORDINARYSHARES

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 relevantinterestSee Annexure A	Registered holder ofsecurities	Person entitled to beregistered asholder(8)	Class and number of securities

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 relevantinterest	Date of acquisition	Consideration (9)CashNon-cash	Class and number of securities

603 Page 2 of 3 15 July 2001

SPHERIA ASSET
MANAGEMENT PTY 30/06/2017 - $0.84-[3,851,264 ORDINARY ]
09/01/2018 $1.15 SHARES
LIMITED

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
N/A

7. Addresses

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

Name	Address
SPHERIA ASSET MANAGEMENTPTY LIMITED	LEVEL 35, 60 MARGARET STREET, SYDNEY NSW 2000

Signature

ure
print namesign here	MATTHEW BOOKERcapacityCOMPANY DIRECTOR
	date11/01/2018

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 7 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (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 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 relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

  • (a) 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 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.

• (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".

• (9) 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 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.

CTI LOGISTICS LIMITED

	CTI LOGISTICS LIMITED	CTI LOGISTICS LIMITED	CTI LOGISTICS LIMITED	CTI LOGISTICS LIMITED	CTI LOGISTICS LIMITED	CTI LOGISTICS LIMITED	CTI LOGISTICS LIMITED	CTI LOGISTICS LIMITED	CTI LOGISTICS LIMITED	CTI LOGISTICS LIMITED	CTI LOGISTICS LIMITED
	Annexure A
	**Holder of Relevant Interest **		Registered Holder of Securities						Person entitled to beregistered as holder		Class and Numberof Securitiesaffected
	Spheria Asset Management		JPMorgan Chase Bank, N.A. (Sydney Branch)						Spheria AssetManagementLimited		2,472,023 OrdinaryShares
PtyLimitedSpheria Asset MaPtyLimited	PtyLimited								ManagementLi
	Spheria Asset MaPtyLimited	nagement	RBC I	nvestor Ser	vices Trust				Spheria AssetManagementLi	mited	1,379,241 OrdinaryShares
		This i		s Annexur	e "A" of 1 page as	mentioned	in form 603	Notice of initial s

This is Annexure "A" of 1 page as mentioned in form 603 Notice of initial substantial holder

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Matthew Booker Company Director

Date: 11/01/2018