CVC LIMITED — Major Shareholding Notification 2019

Jan 29, 2019

$S$ P 1 1 10 $\&$

STRACIY

• P | (02) 9251 8000
• F | (02) 9251 5788
• W | www.speedandstracey.com.au
• A | Lovel 4, 131 Macquarie Street, Sydney NSW 2000

30 January 2019

$\frac{1}{2}$

Company Announcements ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

BY FACSIMILIE: 1300 135 638

Dear Sir / Madam

We act for John Leaver.

Please find enclosed, on behalf of Mr Leaver, a Notice of Change of Interests of Substantial Holder.

Yours faithfully

SPÉED AND STRACEY

Speed and Stracey is the business name of Speed and Stracey Lawyers Pty Limited ABN 43 104 571 315

Liability limited by a scheme approved under the Professional Standards Legislation. Legal practitioners who are directors or employees of

Speed and Stracey Lawyers Pty Limited are members of the scheme.

$\overline{7}$

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	CVC LIMITED
ACN/ARSN	002 700 361
1. Details of substantial holder (1)
Name	JOHN SCOTT LEAVER
ACN/ARSN (If applicable)
There was a change in the interests of the substantial holder on		18/01/2019
The previous notice was given to the company on		17/01/2019
The previous notice was dated		17/01/2019

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 SHARES	50,228,546 42.02%		50,000,137 41.83%

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
Son annexure А	See annexure A	See annexure A	See annexure A	See annexure А	See annexure А

4. 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 annexure A	See annexure A	See annexure A	See annexure A	See annexure А	See annexure А

7

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
N/A	N/A

6. Addresses

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

Name	Address
JOHN SCOTT LEAVER --	4 ST MERVYNS AVENUE, POINT PIPER NSW 2027

Signature

prinț name	JOHN SCOTT LEAVER	capacity
	sign here when the group	date	30/1 79 --------

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 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.
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• $(5)$ 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) $(a)$ 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,

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired $(7)$ 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.
• $(8)$ 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".
• $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure "A" to Form 604

This is the annexure "A" referred to in Form 604 - Notice of change of interests of substantial holder signed by me and dated 30 JANUART 2019

$\frac{1}{2}$

Ź F

Signed

John Scott Leaver

3. Changes in relevant interests

Date of	Person whose	Nature of	Consideration	Class and	Persons
change	relevant	change (6)	given in	number of	votes
	interest		relation to	securities	affected
	changed		change (7)	affected
18 JANUARY	MUK MIN FA	CHANGE FROM	NIL	7,280,246	7.280.246
2019	LIMITED	LEGAL OWNER TO		ORDINARY
		BENEFICIAL		SHARES
		OWNER (A)
21	WENOLA PTY	ON MARKET	\$2.600 PER	400	400
DECEMBER	LTD	DISPOSAL (b)	SHARE	ORDINARY
2018				SHARES
21	JOHN SCOTT	ON MARKET	\$2.600 PER	400	400
DECEMBER	LEAVER	DISPOSAL BY	SHARE TO HOLDER OF	ORDINARY SHARES
2018		HOLDER OF SHARES (b)	SHARES
17	WENOLA PTY	ON MARKET	S2.600 PER	25,000	25,000
DECEMBER	TTD	DISPOSAL (D)	SHARE	ORDINARY
2018				SHARES
17	JOHN SCOTT	ON MARKET	\$2.600 PER	25,000	25,000
DECEMBER	LEAVER	DISPOSAL BY	SHARE TO	ORDINARY
2018		HOLDER OF	HOLDER OF	SHARES
		SHARES (B)	SHARES
13	WENOLA PTY	ON MARKET	\$2.600 PER	94,502	84,502
DECEMBER	LTD	DISPOSAL(B)	SHARE	ORDINARY
2018				SHARES
13	JOHN SCOTT	ON MARKET	\$2.600 PER	84,502	84.502
DECEMBER	LEAVER	DISPOSAL BY	SHARE TO	ORDINARY
2019		HOLDER OF	HOLDER OF	SHARES
		SHARES (*)	SHARES
11	WENOLA PTY	ON MARKET	\$2.600 PER	25,507	25,507
DECEMBER	LTD	DISPOSAL (3)	SHARE	ORDINARY SHARES
2019					25,507
11	JOHN SCOTT	ON MARKET	\$2.600 PER SHARE TO	25,507 ORDINARY
DECEMBER	LEAVER	DISPOSAL BY HOLDER OF	HOLDER OF	SHARES
2018		SHARES (b)	SHARES
10	WENOLA PTY	ON MARKET	\$2.660 PER	7.000	7,000
DECEMBER	LTD	DISPOSAL (a)	SHARE	ORDINARY
2018				SHARES
10	JOHN SCOTT	ON MARKET	\$2.660 PER	7,000	7,000
DECEMBER	LEAVER	DISPOSAL BY	SHARE TO	ORDINARY
2018		HOLDER OF	HOLDER OF	SHARES
		SHARES (n)	SHARES
3 DECEMBER	WENOLA PTY	ON MARKET	\$2.654 PER	11,000	11,000
2018	LTD	DISPOSAL (a)	SHARE	ORDINARY
				SHARES
3 DECEMBER	JOHN SCOTT	ON MARKET	\$2.654 PER	11,000	11,000
2018	LEAVER	DISPOSAL BY	SHARE TO	ORDINARY
		HOLDER OF	HOLDER OF	SHARES
		SHARES	SHARES
29	WENOLA PTY	ON MARKET	S2.629 PER	21,500	21,500
NOVEMBER	LTD	DISPOSAL (b)	SHARE	ORDINARY SHARES
2018

$\frac{1}{2}$

29	JOHN SCOTT	ON MARKET	32.629 PER	21.500	21,500
NOVEMBER	LEAVER	DISPOSAL BY	SHARE TO	ORDINARY
2018		HOLDER OF	HOLDER OF	SHARES
		SHARES(9)	SHARES
28	WENOLA PTY	ON MARKET	S2.600 PER	9.000	9,000
NOVEMBER	LTD	DISPOSAL (b)	SHARE	ORDINARY
2018				SHARES
28.	JOHN SCOTT	ON NARKET	\$2.600 PER	9,000	9,000
NOVEMBER	LEAVER	DISPOSAL BY	SHARE TO	ORDINARY
2019		HOLDER OF	HOLDER OF	SHARES
		SHARES (B)	SHARES
26	WENCLA PTY	ON MARKET	\$2.585 PER	24.500	24,500
NOVEMBER	L TD	DISPOSAL (a)	SHARE	ORDINARY
2018				SHARES
26	JOHN SCOTT	ON MARKET	\$2.585 PER	24,500	24,500
NOVEMBER	LEAVER	DISPOSAL BY	SHARE TO	ORDINARY
2018		HOLDER OF	HOLDER OF	SHARES
		SHARES (a)	SHARES
18 OCTOBER	WENOLA PTY	ON MARKET	52.750 PER	5,000	5,000
2018	LTD	DISPOSAL (b)	SHARE	ORDINARY
				SHARES
18 OCTOBER	JOHN SCOTT	ON MARKET	\$2.750 PER	5,000	5,000
2018	LEAVER	DISPOSAL BY	SHARE TO	ORDINARY
		HOLDER OF	HOLDER OF	SHARES
		SHARES (D)	STARES
16 OCTOBER	WENCLA PTY	ON MARKET	\$2.751 PER	15,000	15,000
2018	LTD	DISPOSAL (0)	SHARE	ORDINARY
				SHARES
16 OCTOBER	JOHN SCOTT	ON MARKET	S2.751 PER	15,000	15,000
2018	LEAVER	DISPOSAL BY	SHARE TO	ORDINARY
		HOLDER OF	HOLDER OF	SHARES
		SHARES (a)	SHARES

(A). On 18 January 2019 the substantial shareholder became the registered holder of 7,280,246 ordinary shares previously held on trust for the substantial shareholder by Muk Min Fa Limited. The transfer of those shares from Muk Min Fa Limited to the substantial shareholder was a transfer from the legal owner of the shares to the beneficial owner of the shares for no consideration.

(B). The change of the holdings of Wenola Pty Ltd and the substantial shareholder, as the controller of Wenola Pty Ltd, transactions between 16 October 2018 - 21 December 2018 amounted to a change of less than 1% of the substantial holder's relevant interest in the shares of CVC Limited. Accordingly, the substantial shareholder was not required to notify the ASX of these changes. These transactions are being disclosed in this notice for complete transparency. Their omission from the substantial shareholder's change in substantial shareholder notice on 17 January 2019 was due to error.

Holder of relevant Interest	Kegistered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant Interest (6)	Glass and number of securities	Fersons votes
JOHN SCOTT LEAVER	JOHN SCOTT LEAVER	JOHN SCOTT LEAVER	RELEVANT INTEREST UNDER s $608(1)(a)$ OF CORPORATIONS ACT 2001 (CTH) AS HOLDER OF THE SECURITIES	15,575,978 ORDINARY SHARES	15,575,978
JOHN SCOTT LEAVER	JOHN SCOTT LEAVER	JOHN SCOTT LEAVER	RELEVANT INTEREST UNDER s $608(1)(a)$ OF CORPORATIONS ACT 2001 (СТК) АЭ HOLDER OF THE	3,264,711 ORDINARY SHARES	3,264,711

...................................... —

4. Present relevant interests

$\overline{1}$

$\frac{1}{2}$

			SECURITIES
JOHN SCOTT LEAVER	JOHN SCOTT LEAVER	JOHN SCOTT LEAVER	RELEVANT INTEREST UNDER S	7,280,246 ORDINARY SHARES	7.280.246
			$608(1)(a)$ OF CORPORATIONS ACT 2001
			(CTH) AS HOLDER OF THE
			SECURITIES
LEAGOU PTY	LEAGOU PTY	LEACOU PTY LTD	RELEVANT	20,704,611	20,704,611
LTD	LTD		INTEREST UNDER a	ORDINARY SHARES
			$608(1)(a)$ OF
			CORPORATIONS
			ACT 2001 (CTH) AS
			HOLDER OF
			THE
WENOLA	LEAGOU PTY	LEAGOU PTY LTD	SECURITIES DEEMED	20,704,611	20,704,611
SERVICES	Ï.TD		RELEVANT	ORDINARY
PTY LTD-			INTEREST	SHARES
			UNDER S $608(3)(a)$ OF
			CORPORATIONS
			ACT 2001
			(CTH) AS A RESULT OF
			HAVING
			VOTING POWER OF 50% IN
			LEAGOU PTY
			LTD
JOHN SCOTT LEAVER*	LEAGOU PTY LTD	LEAGOU PTY LTD	DEEMED RELEVANT	20,704,611 ORDINARY	20,704,611
			INTEREST	SHARES
			UNDER s
			$608(3)(b)$ OF THE
			CORPORATIONS
			ACT BY REASON OF
			CONTROLLING
			WENOLA SERVIÇES PTY
			LTD AS OWNER
			OF 100% OF ITS SHARES.
WENOLA PTY	WENOLA PTY	WENOLA PTY LTD	RELEVANT	3,174,591	3,174,591
LTD	LTD		INTEREST UNDER 6	ORDINARY SHARES
			608(1)(a) OF
			CORPORATIONS
			ACT 2001 $(CTH)$ AS
			HOLDER OF
			THE SECURITIES
JOHN SCOTT	WENOLA PTY	WENOLA PTY LTD	RELEVANT	3,174,591	3,174,591
LEAVER	LTD		INTEREST UNDER 8	ORDINARY SHARES
			608(3)(b) OF
			THE. CORPORATIONS
			ACT AS A
			RESULT OF CONTROLLING
			WENOLA PTY
			LTD AS ITS
			SOLE SHAREHOLDER

"Wenola Services Pty Limited as trustee for the John Leaver Family Trust ('Trust') holds 50% of the issued
shares in Leagou Pty Limited ('Leagou'), and therefore has a 50% economic interest in the shares Leagou

l,

holds in CVC Limited. But for the deemed relevant interest in all of Leagou's CVC Limited shares, if the relevant interest of John Leaver in these shares was equal to the Trust's 50% economic interest in the shares, Mr Leaver would have a relevant interest in 10,352,305 of those shares, and voting power of 33.17% In CVC Limited rather than 41.83%.

$\bar{z}$

$\frac{1}{2}$