EML PAYMENTS LIMITED — Major Shareholding Notification 2021

Feb 21, 2021

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22 February 2021

The Manager Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000

By electronic lodgement

Dear Sir/Madam

Re: Notice of ceasing to be a substantial holder – EML Payments Limited (EML)

We enclose notice of ceasing to be a substantial holder in EML Payments Limited. This notice is given by Greencape Capital Pty Ltd.

Yours faithfully

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Sophie Gowland Company Secretary

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Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme EML Payments Limited ACN/ARSN 104 757 904

1. Details of substantial holder (1)

Name

ACN/ARSN (if applicable)

Greencape Capital Pty Ltd

120 328 529

The holder ceased to be a substantial holder on 19/02/2021 The previous notice was given to the company on 22/02/2021 The previous notice was dated 22/02/2021

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
Refer Annexure 1	Greencape Capital Pty Ltd	Refer Annexure 1	Refer Annexure 1	Refer Annexure 1	Refer Annexure 1

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 N/A N/A

4. Addresses

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

Name Address Greencape Capital Pty Ltd Level 2, 5 Martin Place, Sydney NSW 2000

Signature

print name Sophie Gowland Capacity Company Secretary sign here date 22/02/2021

DIRECTIONS

(1) If there area 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.

Annexure 1 consists of 1 page and is referred to in Form 605 signed by me and dated 22/02/2021

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[Insert Signature Here]
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Sophie Gowland Company Secretary of Greencape Capital Pty Ltd

Transactions:

Company Name/Scheme: EML Payments Limited (EML) As at: 19/02/2021 Class of security: Ordinary Fully Paid

Date of Change	Holder of relevant interest	Nature of Change	**Consideration **	Number of Securities	Person's Votes Affected
19/02/2021	Greencape Capital PtyLtd	Sell	230,699	45,324 -	45,324
19/02/2021	as above	Sell	28,637	5,616 -	5,616
19/02/2021	as above	Sell	1,255,525	246,665 -	246,665
19/02/2021	as above	Sell	155,854	30,565 -	30,565
19/02/2021	as above	Sell	2,058,971	404,513 -	404,513
19/02/2021	as above	Sell	255,592	50,125 -	50,125
19/02/2021	as above	Sell	725,366	142,508 -	142,508
19/02/2021	as above	Sell	90,045	17,659 -	17,659
19/02/2021	as above	Sell	5,994,137	1,177,630 -	1,177,630
19/02/2021	as above	Sell	744,076	145,923 -	145,923
19/02/2021	as above	Sell	538,588	105,813 -	105,813
19/02/2021	as above	Sell	66,859	13,112 -	13,112
19/02/2021	as above	Sell	903,714	177,547 -	177,547
19/02/2021	as above	Sell	112,180	22,000 -	22,000

Total Number of Securities -2,585,000

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