DXN LIMITED — Major Shareholding Notification 2018

Apr 11, 2018

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To THE DATA EXCHANGE NETWORK LIMITED ABN: 46 620 888 548

1. Details of substantial holder

Name HERDSMAN LAKE CAPITAL ASIA PTE LTD

ACN/ARSN

The holder became a substantial holder on 4 August 2017

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)
Fully paid ordinary shares	13,925,000	13,925,000	7.64% (based on 182,312,501ordinary shares issued)

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
Herdsman Lake Capital Asia Pte Ltd	Registered Holder	13,925,000 fully paid ordinary shares
Peter Christie	As a controller of the Registered Holder, Mr Christie has a relevant interest pursuant to section 608(3)(b) of the Corporations Act 2001 (Cth) (Act)	13,925,000 fully paid ordinary shares

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 as holder(8)	Class and number of securities
Herdsman Lake Capital Asia Pte Ltd	Herdsman Lake Capital Asia Pte Ltd	Herdsman Lake Capital Asia Pte Ltd	13,925,000 fully paid ordinary
Peter Christie	Herdsman Lake Capital Asia Pte Ltd	Herdsman Lake Capital Asia Pte Ltd	13,925,000 fully paid ordinary shares

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
Herdsman Lake Capital Asia Pte Ltd	4 August 2017	$14.00		12,000,000 ordinary shares
Peter Christie	4 August 2017	N/A		12,000,000 ordinary shares
Herdsman Lake Capital Asia Pte Ltd	30 November 2017	$1.93		1,925,000 ordinary shares
Peter Christie	30 November 2017	N/A		1,925,000 ordinary shares

6. Associates

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

Name and ACN/ARSN(ifapplicable)	Nature of association
Peter Christie	Controller of the Registered Holder

7. Addresses

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

Name	Address
Herdsman Lake Capital Asia Pte Ltd	10, Anson Road, #22-02 International Plaza, Singapore (079903)
Peter Christie	188 Daglish Street WA 6014

Signature

print name	Peter Christie	capacity	Director
_______________
sign here	date	12 April 2018