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 CARASON WARD 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	55,700,000	55,700,000	30.55% (based on 182,312,501 ordinary 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
Carason Ward Pte Ltd	Registered Holder	55,700,00 fully paid ordinary shares
Dean Coetzee	As a controller of the Registered Holder, Mr Coetzee has a relevant interest pursuant to section 608(3)(b) of the Corporations Act 2001 (Cth) (Act)	55,700,00 fully paid ordinary shares
Tim Desmond	As a controller of the Registered Holder, Mr Desmond has a relevant interest pursuant to section 608(3)(b) of the Corporations Act 2001 (Cth) (Act)	55,700,000 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
Carason Ward Pte Ltd	Carason Ward Pte Ltd	Carason Ward Pte Ltd	55,700,000 fully paid ordinary shares
Dean Coetzee	Carason Ward Pte Ltd	Carason Ward Pte Ltd	55,700,000 fully paid ordinary shares
Tim Desmond	Carason Ward Pte Ltd	Carason Ward Pte Ltd	55,700,000 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
Carason Ward Pte Ltd	4 August 2017	$48.00		48,000,000 ordinary shares

Dean Coetzee	4 August 2017	N/A		48,000,000 ordinary shares
Tim Desmond	4 August 2017	N/A		48,000,000 ordinary shares
Carason Ward Pte Ltd	30 November 2017	$7.70		7,700,000 ordinary shares
Dean Coetzee	30 November 2017	N/A		7,700,000 ordinary shares
Tim Desmond	30 November 2017	N/A		7,700,000 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
Dean Coetzee	Controller of the Registered Holder
Tim Desmond	Controller of the Registered Holder

7. Addresses

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

Name	Address
Carason Ward Pte Ltd	10, Anson Road, #22-02 International Plaza, Singapore (079903)
Dean Coetzee	4M Bellagio Tower, 2 Burgos Circle, Bonifacio Global City, Taguig, Philippines 1630
Tim Desmond	35 Hibiscus Avenue, Tauranga, 3116, New Zealand

Signature

print name Dean Coetzee capacity Director

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sign here date 12 April 2018