CYCLIQ GROUP LTD — Major Shareholding Notification 2018

Aug 27, 2018

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To:	Cycliq Group Limited
ACN.	119 749 647

1. Details of substantial holder (1)

Name: Merchant Funds Management Pty Ltd (ACN 154 493 277) (Merchant) as manager of the Merchant Opportunities Fund (ARSN 111 456 387) and the Merchant Leaders Fund (ABN 80 475 165 090)

ACN. See above

There was a change in the interests of the substantial holder on	28/08/2018
The previous notice was given to the company on	06/07/2018
The previous notice was dated	06/07/2018.

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company 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, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting Power (5)	Person's votes	Voting power (5)
Fully paid ordinary	98.662.051	12.65%	108.662.051	13.92%

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, since the substantial holder was last required to give a substantial holding notice to the company are as follows:

Date of change	Person whose relevant interest changed	Nature of change $\left( 6 \right)$	Consideratio n given in relation to change $(7)$	Class and number of securities affected	Person's votes affected
28/08/2018	Merchant Opportunities Fund	On market trade	\$115,379	10,000,000	10,000,000

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	Persons entitled to be registered as holder (8)	Nature of relevant interest $(6)$	Class and number of securities	Person's votes
Merchant Opportunities Fund	The Trust Company (Australia) Ltd (ABN 33 106 768 012) as custodian for Merchant Opportunities Fund (Trust Co)	Trust Co as custodian for Merchant Opportunities Fund	Relevant interest under $s608(1)(b)$ and $(c)$ of the Corporations Act $2001$ as the beneficial holder of securities	91,000,000	11.66%
Merchant Leaders Fund	Capricorn Investment Partners (Nominees) Pty Ltd as custodian for Merchant Leaders Fund	Capricorn Investment Partners (Nominees) Pty Ltd as custodian for Merchant Leaders Fund	Relevant interest under $s608(1)(b)$ and $(c)$ of the Corporations Act 2001 as manager of the Merchant Leaders Fund	17,662,051	2.26%

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 are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A

6. Addresses

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

Name	Address
Merchant Funds Management Pty Ltd	Level 3, 101 St Georges Tce, PERTH WA 6000
Capricorn Investment Partners (Nominees)	Suite 4, 103 Bolsover St, Rockhampton QLD 4700
Pty Ltd
CIP Licensing Limited	Suite 4, 103 Bolsover St, Rockhampton QLD 4700
Merchant Opportunities Fund	Level 3, 101 St Georges Tee, PERTH WA 6000
Merchant Leaders Fund	Level 3, 101 St Georges Tce, PERTH WA 6000
The Trust Company Ltd	Level 15, 20 Bond Street, Sydney NSW 2001

Name:

Andrew Chapman

Capacity:

Managing Director

Sign here:

Date:

28/08/2018