Deterra Royalties Limited — Major Shareholding Notification 2021

Oct 4, 2021

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)

Schroder Investment Management Australia Limited and all of Name: its related bodies corporate ACN/ARSN (if applicable): 000 443 274 The holder became a 01/10/2021 substantial holder on:

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	26,472,866	26,472,866	5.01%

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 relevantinterest	Nature of relevant interest (7)	Class and number ofsecurities
SIMAL	Power to dispose of securities	19,295,948 OrdinaryShares

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----- Start of picture text ----- 4,597,560 OrdinarySIM LTD Power to dispose of securitiesShares2,579,358 OrdinarySIMNA LTD Power to dispose of securitiesShares----- End of picture text -----

4. Details of present registered holders

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

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----- Start of picture text ----- Person entitled to beHolder of relevant Registered holder of Class and number ofregistered as holderinterest securities securities(8)1,941,437SIM LTD HSBC London HSBC LondonOrdinary SharesJP Morgan Chase JP Morgan Chase 2,656,123SIM LTDB'Mouth B'Mouth Ordinary SharesBNP Paribas BNP Paribas 4,767,348SIMALSecurities Services Securities Services Ordinary SharesCiticorp Nominees Ltd Citicorp Nominees Ltd 4,100,860SIMALHK HK Ordinary SharesJP Morgan Custodial JP Morgan Custodial 8,069,131SIMALServices Services Ordinary SharesNational Nominees Ltd National Nominees Ltd 1,722,880SIMAL- Melbourne - Melbourne Ordinary SharesSTATE STREET STATE STREET 629,882SIMALBANK & TRUST CO BANK & TRUST CO Ordinary SharesUBS AG London UBS AG London 5,847SIMALBranch Branch Ordinary SharesJP Morgan Chase JP Morgan Chase 1,813,678SIMNAB'Mouth B'Mouth Ordinary Shares102,972SIMNA Citibank NY Citibank NYOrdinary Shares662,708SIMNA RBC DEXIA London RBC DEXIA LondonOrdinary Shares----- End of picture text -----

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and

Holder of Date of relevant acquisition

Class and number of securities

Consideration (9)

SIM LTD1/6/2021 -1/10/2021$163,197.98CashNon-cashSIMNA1/6/2021 -1/10/2021$1,400,489.18SIMAL1/6/2021 -1/10/2021$7,372,446.97	40,737 OrdinaryShares412,346 OrdinaryShares1,939,214 OrdinaryShares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial

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----- Start of picture text ----- Name and ACN/ARSN (if applicable) Nature of associationSchroder Investment Management AustraliaRelated Fund ManagerLimited (“SIMAL”)Schroder Investment Management LimitedRelated Fund Manager(“SIM LTD”)Schroder Investment Management NorthRelevant Fund ManagerAmerica (“SIMNA”)----- End of picture text -----

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

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