CVC LIMITED — Major Shareholding Notification 2023

Feb 6, 2023

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme CVC Limited

ACN/ARSN ACN 002 700 361

1. Details of substantial holder(1)

Name John Scott Leaver ("Leaver") ACN/ARSN (if applicable) N/A There was a change in the interests of the substantial holder on 03 02 2023/ / 29 05 2020 The previous notice was given to the company on / / The previous notice was dated 29 05 2020/ /

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	Previous notice	Present notice	Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary Shares	50,467,485	43.00%	40,703,337	34.84%

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
03/06/2020 to 23/12/2022	See Annexure A	See Annexure A	See Annexure A	See Annexure A	See Annexure A
03/02/2023	Leaver	Buy-back of shares in Leagou Pty Limited	Equal to market value based on net assets of	10,352,306	10,352,306
		(Leagou) resulting in Leaver no longer	Leagou as at 3/02/2023 which is currently being

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 (ordinary)	Person's votes
Wenola P/L	Wenola P/L	Wenola P/L	Holder	3,301,465	3,301,465
Leaver	Leaver	Leaver	Holder	37,401,872	37,401,872

604 page 2/2 15 July 2001

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 Leagou Pty Limited Ceased to be associate of Leaver (no longer a deemed relevant ACN 002 965 326 interest in all of Leagou's CVC Limited shares).

6. Addresses

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

Name	Address
Leaver	4 St Mervyns Avenue, Point Piper NSW 2027

Signature

print name JOHN SCOTT LEAVER capacity sign here date 7 2 2023/ /

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.

• (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:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. 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.

• (7) 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 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 7 February 2023

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Signed

John Scott Leaver

3. Changes in relevant interests

Date of	Person whose	Nature of change (6)	Consideration	Class and number of	Persons
change	relevant interest		per share	securities affected	votes
	changed		given in		affected
			relation to
			change (7)
John Scott	Leaver
03/06/2020	John Scott Leaver	On-market purchase	$1.230	7,500 ordinary shares	7,500
03/06/2020	John Scott Leaver	On-market purchase	$1.250	2,000 ordinary shares	2,000
19/11/2020	John Scott Leaver	On-market purchase	$1.660	4,384 ordinary shares	4,384
27/11/2020	John Scott Leaver	On-market purchase	$1.740	8,321 ordinary shares	8,321
2/12/2020	John Scott Leaver	On-market purchase	$1.730	9,847 ordinary shares	9,847
2/12/2020	John Scott Leaver	On-market purchase	$1.730	20,000 ordinary shares	20,000
3/12/2020	John Scott Leaver	On-market purchase	$1.730	1,789 ordinary shares	1,789
8/12/2020	John Scott Leaver	On-market purchase	$1.730	586 ordinary shares	586
9/12/2020	John Scott Leaver	On-market purchase	$1.730	4,153 ordinary shares	4,153
9/12/2020	John Scott Leaver	On-market purchase	$1.730	3,772 ordinary shares	3,772
22/12/2020	John Scott Leaver	On-market purchase	$1.730	3,300 ordinary shares	3,300
8/03/2021	John Scott Leaver	On-market purchase	$2.140	4,300 ordinary shares	4,300
10/03/2021	John Scott Leaver	On-market purchase	$2.030	3,900 ordinary shares	3,900
26/03/2021	John Scott Leaver	On-market purchase	$2.010	480 ordinary shares	480
29/03/2021	John Scott Leaver	On-market purchase	$2.010	5 ordinary shares	5
31/03/2021	John Scott Leaver	On-market purchase	$2.010	1,000 ordinary shares	1,000
6/04/2021	John Scott Leaver	On-market purchase	$2.010	1,000 ordinary shares	1,000
7/04/2021	John Scott Leaver	On-market purchase	$2.010	4,695 ordinary shares	4,695
8/04/2021	John Scott Leaver	On-market purchase	$2.000	1,761 ordinary shares	1,761
7/05/2021	John Scott Leaver	On-market purchase	$1.910	1,715 ordinary shares	1,715
11/06/2021	John Scott Leaver	On-market purchase	$1.990	15,900 ordinary shares	15,900
25/06/2021	John Scott Leaver	On-market purchase	$1.960	3,000 ordinary shares	3,000
29/07/2021	John Scott Leaver	On-market purchase	$2.100	25,500 ordinary shares	25,500
3/08/2021	John Scott Leaver	On-market purchase	$2.160	21,703 ordinary shares	21,703
4/08/2021	John Scott Leaver	On-market purchase	$2.230	15,678 ordinary shares	15,678

224530 | 23670207.1

Date of	Person whose	Nature of change (6)	Consideration	Class and number of	Persons
change	relevant interest		per share	securities affected	votes
	changed		given in		affected
			relation to
			change (7)
5/08/2021	John Scott Leaver	On-market purchase	$2.150	2,542 ordinary shares	2,542
6/08/2021	John Scott Leaver	On-market purchase	$2.200	19,779 ordinary shares	19,779
9/08/2021	John Scott Leaver	On-market purchase	$2.100	1,922 ordinary shares	1,922
17/08/2021	John Scott Leaver	On-market purchase	$2.100	6,078 ordinary shares	6,078
23/08/2021	John Scott Leaver	On-market purchase	$2.140	14,092 ordinary shares	14,092
30/08/2021	John Scott Leaver	On-market purchase	$2.250	2,700 ordinary shares	2,700
31/08/2021	John Scott Leaver	On-market purchase	$2.250	4,100 ordinary shares	4,100
3/09/2021	John Scott Leaver	On-market purchase	$2.150	9,493 ordinary shares	9,493
7/09/2021	John Scott Leaver	On-market purchase	$2.300	10,707 ordinary shares	10,707
8/09/2021	John Scott Leaver	On-market purchase	$2.320	4,913 ordinary shares	4,913
15/09/2021	John Scott Leaver	On-market purchase	$2.320	1 ordinary share	1
15/09/2021	John Scott Leaver	On-market purchase	$2.300	1,999 ordinary shares	1,999
17/09/2021	John Scott Leaver	On-market purchase	$2.300	1 ordinary share	1
17/09/2021	John Scott Leaver	On-market purchase	$2.400	3,199 ordinary shares	3,199
23/09/2021	John Scott Leaver	On-market purchase	$2.400	1 ordinary share	1
23/09/2021	John Scott Leaver	On-market purchase	$2.220	19,522 ordinary shares	19,522
24/09/2021	John Scott Leaver	On-market purchase	$2.220	1 ordinary share	1
24/09/2021	John Scott Leaver	On-market purchase	$2.220	4,814 ordinary shares	4,814
28/09/2021	John Scott Leaver	On-market purchase	$2.220	1 ordinary share	1
28/09/2021	John Scott Leaver	On-market purchase	$2.220	5,099 ordinary shares	5,099
1/10/2021	John Scott Leaver	On-market purchase	$2.220	1 ordinary share	1
1/10/2021	John Scott Leaver	On-market purchase	$2.220	1 ordinary share	1
6/10/2021	John Scott Leaver	On-market purchase	$2.220	2 ordinary shares	2
6/10/2021	John Scott Leaver	On-market purchase	$2.220	1,476 ordinary shares	1,476
6/10/2021	John Scott Leaver	On-market purchase	$2.220	1 ordinary share	1
7/10/2021	John Scott Leaver	On-market purchase	$2.220	3,538 ordinary shares	3,538
19/10/2023	John Scott Leaver	On-market purchase	$2.220	1,477 ordinary shares	1,477
19/10/2023	John Scott Leaver	On-market purchase	$2.220	2 ordinary shares	2
19/10/2023	John Scott Leaver	On-market purchase	$2.220	2 ordinary shares	2
19/10/2023	John Scott Leaver	On-market purchase	$2.220	2 ordinary shares	2
20/10/2021	John Scott Leaver	On-market purchase	$2.220	5 ordinary shares	5
20/10/2021	John Scott Leaver	On-market purchase	$2.220	3,600 ordinary shares	3,600
21/10/2021	John Scott Leaver	On-market purchase	$2.100	9,499 ordinary shares	9,499
3/11/2021	John Scott Leaver	On-market purchase	$2.100	1 ordinary share	1
4/11/2021	John Scott Leaver	On-market purchase	$2.220	7,500 ordinary shares	7,500
4/11/2021	John Scott Leaver	On-market purchase	$2.220	1 ordinary share	1

224530 | 23670207.1

Date of	Person whose	Nature of change (6)	Consideration	Class and number of	Persons
change	relevant interest		per share	securities affected	votes
	changed		given in		affected
			relation to
			change (7)
8/11/2021	John Scott Leaver	On-market purchase	$2.250	5,349 ordinary shares	5,349
9/11/2021	John Scott Leaver	On-market purchase	$2.250	1 ordinary share	1
9/11/2021	John Scott Leaver	On-market purchase	$2.270	6,650 ordinary shares	6,650
9/11/2021	John Scott Leaver	On-market purchase	$2.350	61,963 ordinary shares	61,963
30/11/2021	John Scott Leaver	On-market purchase	$2.350	1 ordinary share	1
30/11/2021	John Scott Leaver	On-market purchase	$2.540	141,836 ordinary shares	141,836
1/02/2022	John Scott Leaver	On-market purchase	$2.540	1 ordinary share	1
23/12/2022	John Scott Leaver	Off-market purchase	$1.930	10,352,305 ordinary shares	10,352,305
Wenola Pty Ltd
19/10/2020	Wenola Pty Ltd	On-market purchase	$1.700	14,000 ordinary shares	14,000
21/10/2020	Wenola Pty Ltd	On-market purchase	$1.680	1,941 ordinary shares	1,941
3/11/2020	Wenola Pty Ltd	On-market purchase	$1.720	12,900 ordinary shares	12,900
11/11/2020	Wenola Pty Ltd	On-market purchase	$1.640	310 ordinary shares	310
26/11/2020	Wenola Pty Ltd	On-market purchase	$1.730	1,995 ordinary shares	1,995
31/12/2020	Wenola Pty Ltd	On-market purchase	$1.730	2,000 ordinary shares	2,000
19/02/2021	Wenola Pty Ltd	On-market purchase	$2.050	1,000 ordinary shares	1,000
15/03/2021	Wenola Pty Ltd	On-market purchase	$2.140	4,100 ordinary shares	4,100
21/04/2021	Wenola Pty Ltd	On-market sale	$2.120	250 ordinary shares	250
7/05/2021	Wenola Pty Ltd	On-market purchase	$1.910	3,000 ordinary shares	3,000
10/05/2021	Wenola Pty Ltd	On-market purchase	$2.090	10,939 ordinary shares	10,939
13/05/2021	Wenola Pty Ltd	On-market purchase	$2.090	61 ordinary shares	61
5/01/2022	Wenola Pty Ltd	On-market purchase	$2.590	3,700 ordinary shares	3,700
31/01/2022	Wenola Pty Ltd	On-market purchase	$2.120	1,000 ordinary shares	1,000
15/02/2022	Wenola Pty Ltd	On-market purchase	$2.280	4,800 ordinary shares	4,800
16/02/2022	Wenola Pty Ltd	On-market purchase	$2.280	6,500 ordinary shares	6,500

224530 | 23670207.1