EXCELSIOR CAPITAL LTD — Major Shareholding Notification 2020

Nov 8, 2020

Excelsior Capital Limited ABN 98 050 542 553 Level 29, Chifley Tower 2 Chifley Square, Sydney, NSW, 2000, Australia Telephone: (02) 9238 4267 Email: investor@excelsiorcapital.com.au www.cmilimited.com.au

9 November 2020

Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

ASX ANNOUNCEMENT

Excelsior Capital Limited (ASX: ECL)

Form 604 - Notice of Change of Interests of Substantial Holder

Attached is a Form 604 - Notice of Change of Interests of Substantial Holder.

The share acquisitions notified in the form were disclosed to the market in the form of Appendices 3Y in accordance with the Listing Rules. Accordingly, the Form 604 does not contain material information not previously disclosed.

On this occasion, the Form 604 was inadvertently not lodged earlier due to an administrative oversight by Excelsior Capital (ECL). ECL arrangements include the lodgement of the Form 604 on behalf of directors and their associated entities.

ECL has reviewed its internal procedures and made adjustments to ensure future compliance.

This announcement has been authorised for release to ASX by the Board.

-ENDS-

For further information, please contact:

Danny Herceg Non-executive Chairman +61 (02) 9238 4267

About Excelsior (ASX: ECL): Excelsior is a Listed Investment Entity, originally established in 1991, and listed on the ASX in 1993. Excelsior Capital Limited’s operations comprise the design and distribution of electrical components and cables for resource and infrastructure applications through its Electrical Division and a substantial investment portfolio.

604 page 1/2 15 July 2001

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

Excelsior Capital Limited

ACN/ARSN

050 542 553

1. Details of substantial holder (1)

Name Catelan Securities Pty Ltd ATF Catelan Securities Trust and Leanne Catelan Superannuation Fund Pty Ltd ATF Leanne Catelan Superannuation Fund and Leanne Catelan – As per Annexure A ACN/ARSN (if applicable) As per Annexure A

There was a change in the interests of the substantial holder on 12/03/2020, 3/06/2020 The previous notice was given to the company on 13/11/2018 The previous notice was dated 13/11/2018

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

	Previous notice		Present notice
Class of securities (4)	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Fully paid ordinary shares	13,829,800	47.7%	14,561,102	50.22%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate 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 ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person’s votesaffected
As perAnnexure A

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered	Person entitled	Nature of	Class and
relevant	holder of	to be registered	relevant	number of	Person’s votes
interest	securities	as holder (8)	interest (6)	securities
As perAnnexure A

16713015v1/S1

page 2/2

604

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) 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
AsperAnnexure A

6. Addresses

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

Name	Address
Catelan Securities Pty Ltd	Lvl 29, Chifley Tower, 2 Chifley Square, Sydney, NSW 2000
Leanne Catelan Superannuation Fund Pty Ltd	Lvl 29, Chifley Tower, 2 Chifley Square, Sydney, NSW 2000
Ms Leanne Catelan	C/o - Lvl 29, Chifley Tower, 2 Chifley Square, Sydney, NSW 2000

Signature

	Director of each of the entities
print name Leanne Catelancapacity	referred to in Item 1 and in her
	personal capacity
sign hereDate	9/ 11 /2020
DIRECTIONS
er of substantial holders with similar or related relevant interests (eg. a corporation and its related	corporations, or the manager and
trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar,
ed to throughout the form as a specifically named group if the membership of each group, with the	names and addresses of members
paragraph 6 of the form.
f "associate" in section 9 of the Corporations Act 2001.
f "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
of a company constitute one class unless divided into separate classes.
divided by the total votes in the body corporate or scheme multiplied by 100.

• (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 6 of the form.

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

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

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

• (5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) 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.

• (7) 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 on 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.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write “unknown’”.

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

16713015v1/S2

ANNEXURE A

ASIC Form 604 – Notice of change of interests of substantial holder

1. Details of substantial holder

Catelan Securities Pty Ltd ACN 156 174 300 ATF Catelan Securities Trust ( Catelan Securities Pty Ltd )

Leanne Catelan Superannuation Fund Pty Ltd ACN 124 587 686 ATF The Leanne Catelan Superannuation Fund ( Leanne Catelan Superannuation Fund Pty Ltd ), and

Ms Leanne Catelan

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate 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 ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person’s votesaffected
114/10/2019	Leanne Catelan SuperannuationFund Pty Ltd	Buy on market	$58,000	50,000 ordinaryshares	50,000
10 and 12/3/2020	Leanne Catelan SuperannuationFund Pty Ltd	Buy on market	$395,306	309,912 ordinaryshares	309,912
16 and 17/3/2020	Leanne Catelan SuperannuationFund Pty Ltd	Buy on market	$298,184	249,944 ordinaryshares	249,944
18/3/2020	Leanne Catelan SuperannuationFund Pty Ltd	Buy on market	$17,325	15,000 ordinaryshares	15,000
25/3/2020	Leanne Catelan SuperannuationFund Pty Ltd	Buy on market	$8,549	7,772 ordinaryshares	7,772
3/6/2020	Leanne Catelan SuperannuationFund Pty Ltd	Buy off market	$113,475.10	98,674 ordinaryshares	98,674

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to beregistered as holder(8)	Class and number ofsecurities
Ms Leanne Catelan and Catelan SecuritiesPty Ltd	Catelan Securities Pty Ltd ATF CatelanSecurities Trust	CatelanSecuritiesPtyLtdATFCatelan Securities Trust	12,420,484 ordinary shares
Ms Leanne Catelan and Leanne CatelanSuperannuation Fund Pty Ltd	Leanne Catelan Superannuation FundPty Ltd ATF The Leanne CatelanSuperannuation Fund	LeanneCatelanSuperannuationFund Pty Ltd ATF The LeanneCatelan Superannuation Fund	2,140,618 ordinary shares

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

relation to voting interests in the company or scheme are as follows:
Name and ACN/ARSN (if applicable)	Nature of association
Catelan Securities Pty Ltd ACN 156 174 300 ATF CatelanSecurities Trust	Catelan Securities Pty Ltd is an associate of Leanne Catelan Superannuation Fund Pty Ltdby virtue of section 12(2)(a)(iii)
Leanne Catelan Superannuation Fund Pty Ltd ACN 124 587 686ATF The Leanne Catelan Superannuation Fund	Leanne Catelan Superannuation Fund Pty Ltd is an associate of each of Catelan SecuritiesPty Ltd by virtue of section 12(2)(a)(iii)