Deterra Royalties Limited — Major Shareholding Notification 2021

Oct 20, 2021

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme: DETERRA ROYALTIES LIMITED ACN/ARSN: 641 743 348

1. Details of substantial holder (1)

Name:

Schroder Investment Management Australia Limited and all of its related bodies corporate

ACN/ARSN (if applicable): 000 443 274 There was a change in the interests of the 19/10/2021 substantial holder on: The previous notice was given to the company 01/10/2021 on: The previous notice was dated: 05/10/2021

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:

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----- Start of picture text ----- Class of securities (4) Previous notice Present noticePerson’s votes Voting power (5) Person's votes Voting power (5)Ordinary Shares 26,472,866 5.01% 31,937,905 6.04%----- End of picture text -----

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 whoserelevant interestchanged	Nature of change(6)	Consideration given inrelation to change (7)	Class and numberof securitiesaffected	Person’s votesaffected
02/10/2021 -19/10/2021	SIMAL	BUY	$20,448,928.90	5,465,039 OrdinaryShares	5,465,039

4. Present relevant interests

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

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----- Start of picture text ----- Person entitled to Nature ofHolder of relevant Registered holder Class and numberbe registered as relevant interest Person’s votesinterest of securities of securitiesholder (8) (6)Power to dispose 1,941,437 OrdinarySIM LTD HSBC London HSBC London 1,941,437of securities SharesJP Morgan Chase JP Morgan Chase Power to dispose 2,656,123SIM LTD 2,656,123B'Mouth B'Mouth of securities Ordinary SharesBNP Paribas BNP Paribas Power to dispose 6,118,179 OrdinarySIMAL 6,118,179Securities Services Securities Services of securities SharesCiticorp Nominees Citicorp Nominees Power to dispose 5,292,483 OrdinarySIMAL 5,292,483Ltd HK Ltd HK of securities SharesJP Morgan JP Morgan Power to dispose 10,301,497SIMAL 10,301,497Custodial Services Custodial Services of securities Ordinary SharesNational Nominees National Nominees Power to dispose 2,262,568 OrdinarySIMAL 2,262,568Ltd - Melbourne Ltd - Melbourne of securities SharesSTATE STREET STATE STREETPower to dispose 780,413 OrdinarySIMAL BANK & TRUST BANK & TRUST 780,413of securities SharesCO COUBS AG London UBS AG London Power to dispose 5,847 OrdinarySIMAL 5,847Branch Branch of securities SharesJP Morgan Chase JP Morgan Chase Power to dispose 1,813,678SIMNA LTD 1,813,678B'Mouth B'Mouth of securities Ordinary SharesPower to dispose 102,972 OrdinarySIMNA LTD Citibank NY Citibank NY 102,972of securities SharesRBC DEXIA RBC DEXIA Power to dispose 662,708 OrdinarySIMNA LTD 662,708London London of securities Shares----- End of picture text -----

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. Address

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

Name		Address
Schroder	Investment Management (Australia) Limited (“SIMAL”)	Level 20, Angel Place, 123 Pitt Street, Sydney, 2000, Australia
Schroder	Investment Management Limited ("SIM LTD")	1 London Wall Place, Barbican, London EC2Y 5AU
Schroder	& Co Limited ("S&Co")	1 London Wall Place, Barbican, London EC2Y 5AU