Deterra Royalties Limited — Major Shareholding Notification 2020

Nov 19, 2020

603 Page 1 of 2 15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme Deterra Royalties Limited ACN/ARSN 641 743 348

1. Details of substantial holder (1)

Name United Super Pty Ltd ACN/ARSN (if applicable) 641 743 348

The holder became a substantial holder on 18 / 11 / 2020

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary Shares	26,696,766	26,696,766	5.05%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
United Super Pty Ltd	Shareholder	Ordinary Shares 26,696,766

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered asholder(8)	Class and number of securities
United Super Pty Ltd	JP Morgan Nominees Australia Ltd as Custodian for United Super Pty Ltd	JP Morgan Nominees Australia Ltd as Custodian for United Super Pty Ltd	Ordinary Shares 26,696,766

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		Cash	Non-cash
See Annexure A

603 Page 2 of 2 15 July 2001

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

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

7. Addresses

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

Name	Address
United Super Pty Ltd	Level 22, 130 Lonsdale Street, Melbourne
JP Morgan Nominees Australia Ltd	Locked Bag 20049, Melbourne VIC 3001

Signature

ure
print name sign here	Paul Woodburn capacity Company Secretary
	date 20/11/2020

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 7 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 total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. 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.

• (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) 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, 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.

Annexure A

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Holder of relevant interest Date of Acquisition Consideration (9) Class of securities Number of securities
Cash Non-Cash
Opening balance 18/07/2020 -
United Super Pty Ltd 23-Oct-2020 $ - Ordinary Shares 2,102,240
United Super Pty Ltd 23-Oct-2020 $ - Ordinary Shares 1,569,348
United Super Pty Ltd 23-Oct-2020 $ - Ordinary Shares 1,495,714
United Super Pty Ltd 23-Oct-2020 $ - Ordinary Shares 13,453,942
United Super Pty Ltd 23-Oct-2020 $ - Ordinary Shares 5,629
United Super Pty Ltd 23-Oct-2020 $ - Ordinary Shares 3,488,000
United Super Pty Ltd 23-Oct-2020 -$ 4,305,870.00 Ordinary Shares 900,000
United Super Pty Ltd 26-Oct-2020 -$ 2,187,500.00 Ordinary Shares 500,000
United Super Pty Ltd 02-Nov-2020 $ 673,233.16 Ordinary Shares - 165,870
United Super Pty Ltd 03-Nov-2020 $ 65,326.70 Ordinary Shares - 16,328
United Super Pty Ltd 03-Nov-2020 $ 4,208.20 Ordinary Shares - 1,060
United Super Pty Ltd 04-Nov-2020 $ 353,156.00 Ordinary Shares - 88,289
United Super Pty Ltd 06-Nov-2020 -$ 11,997.75 Ordinary Shares 2,823
United Super Pty Ltd 11-Nov-2020 -$ 373,363.84 Ordinary Shares 87,605
United Super Pty Ltd 12-Nov-2020 $ 10,998.56 Ordinary Shares - 2,594
United Super Pty Ltd 13-Nov-2020 -$ 8,540.00 Ordinary Shares 2,000
United Super Pty Ltd 17-Nov-2020 -$ 1,014,084.70 Ordinary Shares 240,992
United Super Pty Ltd 17-Nov-2020 -$ 2,107,900.00 Ordinary Shares 500,000
United Super Pty Ltd 18-Nov-2020 -$ 329,397.17 Ordinary Shares 78,709
United Super Pty Ltd 18-Nov-2020 -$ 21,690.02 Ordinary Shares 5,189
United Super Pty Ltd 18-Nov-2020 -$ 49,273.79 Ordinary Shares 11,791
United Super Pty Ltd 18-Nov-2020 -$ 297,456.20 Ordinary Shares 70,853
United Super Pty Ltd 18-Nov-2020 -$ 415,576.19 Ordinary Shares 99,495
United Super Pty Ltd 18-Nov-2020 -$ 5,677,274.75 Ordinary Shares 1,356,577
United Super Pty Ltd 18-Nov-2020 -$ 4,209,600.00 Ordinary Shares 1,000,000
Closing balance 18/11/2020 26,696,766
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