Deterra Royalties Limited — Major Shareholding Notification 2021

Apr 26, 2021

605 Page 1 of 2 15 July 2001

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a 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) 006 261 623

The holder ceased to be a substantial holder on 22 / 04 / 2021 The previous notice was given to the company on 23 / 03 / 2021 The previous notice was dated 22 / 03 / 2021

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
See Annexure A

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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

Not Applicable

4. Addresses

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

Name	Address
United Super Pty Ltd	Level 22, 130 Lonsdale Street, Melbourne

Signature

print name Paul Woodburn capacity Company Secretary sign here date 27 / 04 / 2021

605 Page 2 of 2 15 July 2001

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 4 of the form.

• (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. 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.

• (5) 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.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Date of Change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class of securities affected	Number of securities affected	Person's vote affected
Opening balance 18/03/2021					26,451,675
19/03/2021	United Super Pty Ltd	BUY	81,265.46 -$	Ordinary Shares	20,720	20,720
19/03/2021	United Super Pty Ltd	BUY	728,144.43 -$	Ordinary Shares	184,574	184,574
23/03/2021	United Super Pty Ltd	BUY	1,168,170.00 -$	Ordinary Shares	300,000	300,000
1/04/2021	United Super Pty Ltd	BUY	7,920.00 -$	Ordinary Shares	2,000	2,000
1/04/2021	United Super Pty Ltd	SELL	14,704.00 $	Ordinary Shares	3,676 -	3,676
6/04/2021	United Super Pty Ltd	BUY	650,528.04 -$	Ordinary Shares	161,096	161,096
6/04/2021	United Super Pty Ltd	BUY	573,667.15 -$	Ordinary Shares	142,526	142,526
6/04/2021	United Super Pty Ltd	BUY	1,072,010.88 -$	Ordinary Shares	266,478	266,478
6/04/2021	United Super Pty Ltd	SELL	692,611.53 $	Ordinary Shares	171,324 -	171,324
7/04/2021	United Super Pty Ltd	BUY	102,240.00 -$	Ordinary Shares	25,560	25,560
8/04/2021	United Super Pty Ltd	BUY	30,392.75 -$	Ordinary Shares	7,422	7,422
8/04/2021	United Super Pty Ltd	SELL	1,235,605.90 $	Ordinary Shares	295,444 -	295,444
9/04/2021	United Super Pty Ltd	BUY	151,177.35 -$	Ordinary Shares	36,784	36,784
12/04/2021	United Super Pty Ltd	BUY	149,887.68 -$	Ordinary Shares	37,012	37,012
12/04/2021	United Super Pty Ltd	BUY	315,359.46 -$	Ordinary Shares	78,096	78,096
14/04/2021	United Super Pty Ltd	BUY	233,302.93 -$	Ordinary Shares	56,690	56,690
14/04/2021	United Super Pty Ltd	BUY	43,046.20 -$	Ordinary Shares	10,655	10,655
15/04/2021	United Super Pty Ltd	BUY	277,968.81 -$	Ordinary Shares	66,783	66,783
15/04/2021	United Super Pty Ltd	SELL	625,275.00 $	Ordinary Shares	150,000 -	150,000
16/04/2021	United Super Pty Ltd	BUY	270,664.60 -$	Ordinary Shares	66,160	66,160
19/04/2021	United Super Pty Ltd	SELL	13,802.90 $	Ordinary Shares	3,326 -	3,326
19/04/2021	United Super Pty Ltd	SELL	747,306.00 $	Ordinary Shares	180,000 -	180,000
21/04/2021	United Super Pty Ltd	SELL	702,984.00 $	Ordinary Shares	170,000 -	170,000
22/04/2021	United Super Pty Ltd	SELL	1,319,712.58 $	Ordinary Shares	300,995 -	300,995
22/04/2021	United Super Pty Ltd	SELL	2,197,500.00 $	Ordinary Shares	500,000 -	500,000
Closing balance 22/04/2021					26,139,466