DE.MEM LIMITED — Major Shareholding Notification 2019

Oct 8, 2019

Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder

To: DE.MEM Limited ACN: 614 756 642 ASX Code: DEM

1. Details of substantial holder

Name: IOOF Holdings Limited ACN: 100 103 722

This notice is given by IOOF Holdings Limited on behalf of itself and its subsidiaries.

There was a change in the interest of the substantial holder on: The previous notice was given to the company on: The previous notice was dated:

02/10/2019 03/07/2019 01/07/2019

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 had a relevant interest 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	Previous notice		Present notice
	Person's votes	**Voting Power **	Person's votes	**Voting Power **
Ordinary	10,714,285	7.703%	17,627,772	11.391%

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:

Person	Nature	Consideration	Class & number (ord)	Person's votes
Perennial Value Management Limited (ACN 090 879 904)	Sold on market	-$ 10,632.23	- 52,780	- 52,780
Perennial Value Management Limited (ACN 090 879 904)	Sold on market	-$ 61,114.00	- 306,075	- 306,075

2

12/08/2019 14/08/2019 16/08/2019 19/08/2019 26/08/2019 3/09/2019 18/09/2019 2/10/2019	Perennial Value Management Limited (ACN 090 879 904)	Sold on market	-$ 17,477.50	- 85,397	- 85,397
	Perennial Value Management Limited (ACN 090 879 904)	Sold on market	-$ 9,670.07	- 47,249	- 47,249
	Perennial Value Management Limited (ACN 090 879 904)	Purchased on market	$ 6,103.08	31,375	31,375
	Perennial Value Management Limited (ACN 090 879 904)	Sold on market	-$ 13,480.93	- 64,301	- 64,301
	Perennial Value Management Limited (ACN 090 879 904)	Purchased on market	$ 9,104.45	50,497	50,497
	Perennial Value Management Limited (ACN 090 879 904)	Purchased on market	$ 3,163.98	19,764	19,764
	Perennial Value Management Limited (ACN 090 879 904)	Purchased on market	$ 64,480.83	367,653	367,653
	Perennial Value Management Limited (ACN 090 879 904)	Placement of shares	$ 1,680,000.00	7,000,000	7,000,000

4. Present Relevant Interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder Perennial Value Management Limited (ACN 090 879 904)	Registered holder of securities	Person Entitled to be holder	Nature of relevant interest	Class & Number (Ord)	Person's votes
	NAB Asset Servicing		Investment Manager	17,627,772	17,627,772

5. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name & ACN	Nature of association
Not applicable

6. Addresses

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

Name	Address
IOOF Holdings Limited	Level 6, 161 Collins Street Melbourne Victoria 3000
Perennial Value Management Limited	Level 27, 88 Phillip Street Sydney NSW 2000
DE.MEM Limited	Ground Floor, 16 Ord Street

3

West Perth WA 6005