CVC LIMITED — Major Shareholding Notification 2020

May 28, 2020

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	CVC LIMITED ("CVC")
ACN/ARSN	002 700 361
1. Details of substantial holder(1)
Name ACN/ARSN (if applicable)	JOHN SCOTT LEAVER
There was a change in the interests of the substantial holder on	27 / 05 / 2020
The previous notice was given to the company on The previous notice was dated	30 / 01 / 2019 30 / 01 / 2019
$\bullet$ . Production and an analysis of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of the state of th

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	50,000,137	41.83%	50,467,485	43.00%

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 Annexure ΙA	See Annexure A	See Annexure A	See Annexure A	See Annexure	See Annexure A

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
WENOLA P/L	WENOLA PTY LIMITED	WENOLA PTY LIMITED	HOLDER	3, 233, 469	3, 233, 469
LEAGOU P/L	LEAGOU PTY LIMITED	LEAGOU PTY LIMITED	HOLDER	20,704,611	[20, 704, 611]
JOHN LEAVER	JOHN LEAVER	JOHN LEAVER	HOLDER	26,529,405	26,529,405

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
JOHN SCOTT LEAVER	4 ST MERVYNS AVE, POINT PIPER, NSW 2027

Signature

print name JOHN SCOTT LEAVER	capacity
sign here $\mu$	그 아이에서 발견한 아이들도 모양하는 것이 부모님께서 잘 아니다. 사람은 아이들은 일어나 아이들은 조직하는 것이 없어 있는 것이 없었다. /2020 05 29/ date

DIRECTIONS

• 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 $(1)$ 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.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• $(6)$ 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
• 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 $(b)$ 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, becom'e $(7)$ 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.
• 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". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

GUIDE This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 604.

Signature	This form must be signed by either a director or a secretary of the substantial holder.
Lodging period	Nil
Lodging Fee	Nil.
Other forms to be completed	Nil
Additional information
	(a) If additional space is required to complete a question, the information may be included on a separate piece of paper annexed to the form.
	(b) This notice must be given to a listed company, or the responsible entity for a listed managed investment scheme. A copy of this notice must also be given to each relevant securities exchange.
	(c) The person must give a copy of this notice: (i) within 2 business days after they become aware of the information; or (ii) by 9.30 am on the next trading day of the relevant securities exchange after they become aware of the information if:
	(A) a takeover bid is made for voting shares in the company or voting interests in the scheme; and (B) the person becomes aware of the information during the bid period.
Annexures
	To make any annexure conform to the regulations, you must 1 use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides 2 show the corporation name and ACN or ARBN 3 number the pages consecutively 4 print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopied 5 identify the annexure with a mark such as A, B, C, etc 6 endorse the annexure with the words: This is annexure (mark) of (number) pages referred to in form (form number and title) 7 sign and date the annexure
	The annexure must be signed by the same person(s) who signed the form.

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
29 May 2020

uy 0

Signed

John Scott Leaver

		3. Changes in relevant interests

number of votes given in relevant (6) change affected relation to securities interest affected change (7) changed 22,500 On Market \$2.673 Per 22,500 Wenola Pty 5 February Share To Ordinary Limited Disposal By 2019 Shares Holder Of Shares Holders Of Shares 11,000 11,000 \$2.650 Per On Market Wenola Pty 6 February Ordinary Share To Limited Disposal By 2019 Holder Of Shares Holders Of Shares Shares \$2.610 Per 10,000 10,000 On Market Wenola Pty 12 February Ordinary Limited Share To 2019 Disposal By Holder Of Shares Holders Of Shares Shares 9,091 \$2.560 Per 9.091 On Market Wenola Pty 26 February Ordinary Limited Share To Disposal By 2019 Shares Holder Of Shares Holders Of Shares 20,000 \$2,600 Per 20,000 Wenola Pty On Market 15 March Ordinary Share To Limited Disposal By 2019 Holder Of Shares Holders Of Shares Shares 22,000 \$2.543 Per 22,000 Wenola Pty On Market 19 March Ordinary Share To Limited Disposal By 2019 Shares Holders Of Holder Of Shares Shares 4,000 \$2.590 Per 4,000 On Market Wenola Pty 25 March Ordinary Share To Disposal By Limited 2019 Shares Holder Of Shares Holders Of Shares 20,000 \$2.600 Per 20,000 On Market Wenola Pty 26 March Ordinary Share To Disposal By Limited 2019 Shares Holders Of Holder Of Shares Shares 55,305 55,305 \$2.593 Per On Market Wenola Pty 27 March Ordinary Share To Disposal By Limited 2019 Shares Holders Of Holder Of Shares Shares 695 \$2.590 Per 695 Ordinary Wenola Pty On Market 28 March Shares Share To Disposal By Limited 2019 Holder Of Shares Holders Of Shares 235,038 235,038 \$1.850 Per Off Market John Scott 7 November Ordinary Share To Purchase By 2019 Leaver Shares Holders Of Holder Of Shares Shares On Market \$2.180 Per 35,000 35,000 Wenola Pty 21 November Ordinary Share To Purchase By Limited
2019
Holders Of Shares Holder Of Shares
Shares
12,900 12,900 \$2.180 Per On Market Wenola Pty 25 November
Ordinary Share To
Purchase By Limited 2019 Shares Holders Of
Holder Of Shares
Shares
3,000 3,000 \$2.175 Per On Market Wenola Pty 26 November
Ordinary Share To Purchase By Limited 2019 Shares Holders Of Holder Of Shares

27 November	Wenola Pty	On Market	\$2.200 Per	2,000	2,000
2019	Limited	Purchase By	Share To	Ordinary
		Holder Of Shares	Holders Of	Shares
			Shares \$1.600 Per
28 February 2020	Wenola Pty Limited	On Market Purchase By	Share To	12,000 Ordinary	12,000
		Holder Of Shares	Holders Of	Shares
			Shares
5 March 2020	Wenola Pty	On Market	\$1.687 Per	22,700	22,700
	Limited	Purchase By	Share To	Ordinary
		Holder Of Shares	Holders Of	Shares
			Shares
9 March 2020	Wenola Pty Limited	On Market Purchase By	\$1.599 Per Share To	14,800 Ordinary	14,800
		Holder Of Shares	Holders Of	Shares
			Shares
10 March	Wenola Pty	On Market	\$1.540 Per	4,000	4,000
2020	Limited	Purchase By	Share To	Ordinary
		Holder Of Shares	Holders Of	Shares
11 March	Wenola Pty	On Market	Shares \$1.500 Per	17,309	17,309
2020	Limited	Purchase By	Share To	Ordinary
		Holder Of Shares	Holders Of	Shares
			Shares
13 March	Wenola Pty	On Market	\$1.465 Per	11,191	11,191
2020	Limited	Purchase By Holder Of Shares	Share To Holders Of	Ordinary Shares
			Shares
16 March	Wenola Pty	On Market	\$1.386 Per	29,333	29,333
2020	Limited	Purchase By	Share To	Ordinary
		Holder Of Shares	Holders Of	Shares
			Shares
17 March	Wenola Pty Limited	On Market Purchase By	\$1.370 Per Share To	4,500 Ordinary	4,500
2020		Holder Of Shares	Holders Of	Shares
			Shares
19 March	Wenola Pty	On Market	\$1.200 Per	12,489	12,489
2020	Limited	Purchase By Holder Of Shares	Share To Holders Of	Ordinary Shares
			Shares
23 March	Wenola Pty	On Market	\$1.100 Per	18,500	18,500
2020	Limited	Purchase By	Share To	Ordinary
		Holder Of Shares	Holders Of	Shares
			Shares		41
26 March	Wenola Pty	On Market Purchase By	\$1.061 Per Share To	41 Ordinary Shares
2020	Limited	Holder Of Shares	Holders Of
			Shares
2 April 2020	Wenola Pty	On Market	\$1.043 Per	12,106	12,106
	Limited	Purchase By	Share To	Ordinary
		Holder Of Shares	Holders Of	Shares
	Wenola Ptv	On Market	Shares \$1.060 Per	11,600	11,600
6 April 2020	Limited	Purchase By	Share To	Ordinary
		Holder Of Shares	Holders Of	Shares
			Shares
7 April 2020	Wenola Pty	On Market	\$1.089 Per	10,000	10,000
	Limited	Purchase By Holder Of Shares	Share To Holders Of	Ordinary Shares
			Shares
7 April 2020	John Scott	On Market	\$1.100 Per	30,660	30,660
	Leaver	Purchase By	Share To	Ordinary
		Holder Of Shares	Holders Of	Shares
			Shares
14 April 2020	John Scott	On Market	\$1.150 Per Share To	11,000 Ordinary	11,000
	Leaver	Purchase By Holder Of Shares	Holders Of	Shares
			Shares
15 April 2020	John Scott	On Market	\$1.172 Per	4,000	4,000
	Leaver	Purchase By	Share To	Ordinary
		Holder Of Shares	Holders Of Shares	Shares
17 April 2020	John Scott	On Market	\$1.230 Per	7,200	7,200
	Leaver	Purchase By	Share To	Ordinary
		Holder Of Shares	Holders Of	Shares

$\Omega_{\rm{max}}$ . The $\Omega_{\rm{max}}$

			Shares
24 April 2020	John Scott Leaver	On Market Purchase By Holder Of Shares	\$1.149 Per Share To Holders Of Shares	37,572 Ordinary Shares	37,572
27 April 2020	John Scott Leaver	On Market Purchase By Holder Of Shares	\$1.150 Per Share To Holders Of Shares	10,000 Ordinary Shares	10,000
30 April 2020	John Scott Leaver	On Market Purchase By Holder Of Shares	\$1.150 Per Share To Holders Of Shares	40,000 Ordinary Shares	40,000
13 May 2020	John Scott Leaver	On Market Purchase By Holder Of Shares	\$1.135 Per Share To Holders Of Shares	3,000 Ordinary Shares	3,000
14 May 2020	John Scott Leaver	On Market Purchase By Holder Of Shares	\$1.120 Per Share To Holders Of Shares	3,000 Ordinary Shares	3,000
25 May 2020	John Scott Leaver	On Market Purchase By Holder Of Shares	\$1.147 Per Share To Holders Of Shares	20,000 Ordinary Shares	20,000
27 May 2020	John Scott Leaver	On Market Purchase By Holder Of Shares	\$1.180 Per Share To Holders Of Shares	7,000 Ordinary Shares	7,000

1. Present relevant interests

Holder of	Registered	Person entitled to be	Nature of	Class and	Persons
relevant	holder of	registered as holder	relevant	number of	votes
interest	securities	(8)	interest (6)	securities
JOHN SCOTT LEAVER	JOHN SCOTT LEAVER	JOHN SCOTT LEAVER	RELEVANT INTEREST UNDER s 608(1)(a) OF CORPORATION S ACT 2001 (CTH) AS HOLDER OF THE SECURITIES	26,529,405 ORDINARY SHARES	26,529,405
LEAGOU PTY LTD	LEAGOU PTY LTD	LEAGOU PTY LTD	RELEVANT INTEREST UNDER s 608(1)(a) OF CORPORATION S ACT 2001 (CTH) AS HOLDER OF THE SECURITIES	20,704,611 ORDINARY SHARES	20,704,611
WENOLA SERVICES PTY LTD*	LEAGOU PTY LTD	LEAGOU PTY LTD	DEEMED RELEVANT INTEREST UNDER s 608(3)(a) OF CORPORATION S ACT 2001 (CTH) AS A RESULT OF HAVING VOTING POWER OF 50% IN LEAGOU PTY LTD	20,704,611 ORDINARY SHARES	20,704,611
JOHN SCOTT LEAVER*	LEAGOU PTY LTD	LEAGOU PTY LTD	DEEMED RELEVANT INTEREST UNDER s 608(3)(b) OF THF	20,704,611 ORDINARY SHARES	20,704,611

			CORPORATION S ACT BY REASON OF CONTROLLING WENOLA SERVICES PTY LTD AS OWNER OF 100% OF ITS SHARES.
WENOLA PTY LTD	WENOLA PTY LTD	WENOLA PTY LTD	RELEVANT INTEREST UNDER S 608(1)(a) OF CORPORATION S ACT 2001 (CTH) AS HOLDER OF THE SECURITIES	3,233,469 ORDINARY SHARES	3,233,469
JOHN SCOTT LEAVER	WENOLA PTY LTD	WENOLA PTY LTD	RELEVANT INTEREST UNDER s 608(3)(b) OF THE CORPORATION SACTASA RESULT OF CONTROLLING WENOLA PTY LTD AS ITS SOLE SHAREHOLDE R	3,233,469 ORDINARY SHARES	3,233,469

*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 holds in CVC Limited. But for the deemed relevant interest in all of Leagou's CVC Limited shares, if the relevant interest of John Leav 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 34.18% in CVC Limited rather than 43.00%.

i,