EXPERIENCE CO LIMITED — Major Shareholding Notification 2023

May 28, 2023

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

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|---|---|---|---|
|To Company Name/Scheme|Experience Co Ltd|
|ACN/ARSN:|56 167 320 470|Source:|Australian Business Register|
|1. Details of substantial holder (1)|
|Name:|Perennial Value Management Limited (PVM)|
|ACN/ARSN (if applicable)|22 090 879 904|
|There was a change in the interest of the substantial holder on|26 May 2023|
|The previous notice was given to the company on|7 September 2022|
|The previous notice was dated|6 September 2022|

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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 relavant interest (3) in when last required, and when now required to give a substantial holding notice to the company or scheme, are as follows:

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Class of securities (4) Previous notice Present notice
Person's votes Voting Power (%) (5) Person's votes Voting Power (%) (5)
Ordinary 100,570,301 13.36 109,793,395 14.56
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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:

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|---|---|---|---|---|---|---|
|Date of change|Person whose relevant|Nature of change (6)|Consideration given in|Class & number of|Person's votes affected|
|interest changed|relation to change (7)|securities affected|
|23/09/2022|[Northern Trust]|Buy on the Market|$ 71,647.04|377,404|377,404|
|26/09/2022|[Northern Trust]|Buy on the Market|$|4,631.89|24,373|24,373|
|29/09/2022|[Citicorp Nominees Pty Limited]|Buy on the Market|$ 10,112.20|50,000|50,000|
|11/10/2022|[National Asset Servicing]|Sell on the Market|$|2,099.54|10,000|10,000|
|14/10/2022|[National Asset Servicing]|Buy on the Market|$ 751,473.22|3,946,440|3,946,440|
|14/10/2022|[Northern Trust]|Buy on the Market|$ 391,034.79|2,053,560|2,053,560|
|19/10/2022|[BNP Paribas Securities Services]|[Sell on the Market]|$ 36,687.35|173,027|173,027|
|19/10/2022|[National Asset Servicing]|Sell on the Market|$ 37,738.61|177,985|177,985|
|19/10/2022|[National Asset Servicing]|Sell on the Market|$ 135,111.35|637,220|637,220|
|19/10/2022|[National Asset Servicing]|Sell on the Market|$ 15,658.81|73,851|73,851|
|19/10/2022|[Northern Trust]|Sell on the Market|$ 41,352.91|195,031|195,031|
|26/10/2022|[BNP Paribas Securities Services]|[Buy on the Market]|$ 33,394.33|151,759|151,759|
|27/10/2022|[National Asset Servicing]|Sell on the Market|$|6,748.51|30,000|30,000|
|31/10/2022|[National Asset Servicing]|Buy on the Market|$ 112,050.72|491,558|491,558|
|2/11/2022|[National Asset Servicing]|Sell on the Market|$|2,299.49|10,000|10,000|
|8/11/2022|[BNP Paribas Securities Services]|[Buy on the Market]|$ 1,565.67|6,957|6,957|
|9/11/2022|[BNP Paribas Securities Services]|[Buy on the Market]|$ 7,320.47|32,464|32,464|
|10/11/2022|[National Asset Servicing]|Buy on the Market|$|2,882.76|12,616|12,616|
|10/11/2022|[National Asset Servicing]|Buy on the Market|$|4,186.32|18,565|18,565|
|10/11/2022|[National Asset Servicing]|Sell on the Market|$|2,882.76|12,616|12,616|
|11/11/2022|[Citicorp Nominees Pty Limited]|Buy on the Market|$ 59.47|258|258|
|11/11/2022|[National Asset Servicing]|Buy on the Market|$|4,276.34|18,552|18,552|
|28/11/2022|[BNP Paribas Securities Services]|[Sell on the Market]|$ 2,207.05|9,617|9,617|
|29/11/2022|[BNP Paribas Securities Services]|[Sell on the Market]|$ 27,146.01|125,270|125,270|
|29/11/2022|[National Asset Servicing]|Buy on the Market|$ 52,470.65|242,135|242,135|
|29/11/2022|[National Asset Servicing]|Buy on the Market|$ 68,459.65|315,919|315,919|
|29/11/2022|[National Asset Servicing]|Sell on the Market|$ 93,784.29|432,784|432,784|
|30/11/2022|[BNP Paribas Securities Services]|[Sell on the Market]|$ 25,839.67|119,065|119,065|
|30/11/2022|[National Asset Servicing]|Sell on the Market|$ 66,071.55|304,447|304,447|
|30/11/2022|[Northern Trust]|Sell on the Market|$ 85,778.62|395,254|395,254|
|8/12/2022|[BNP Paribas Securities Services]|[Sell on the Market]|$ 86,486.74|385,233|385,233|
|8/12/2022|[National Asset Servicing]|Sell on the Market|$ 234,442.27|1,044,263|1,044,263|
|8/12/2022|[Northern Trust]|Sell on the Market|$ 251,558.75|1,120,504|1,120,504|
|12/12/2022|[BNP Paribas Securities Services]|[Sell on the Market]|$ 2,882.87|12,841|12,841|
|12/12/2022|[National Asset Servicing]|Sell on the Market|$|7,814.80|34,809|34,809|
|12/12/2022|[Northern Trust]|Sell on the Market|$|8,385.26|37,350|37,350|
|13/12/2022|[Citicorp Nominees Pty Limited]|Buy on the Market|$ 3.37|16|16|
|13/12/2022|[National Asset Servicing]|Buy on the Market|$ 467.43|2,221|2,221|
|13/12/2022|[National Asset Servicing]|Buy on the Market|$ 441.13|2,096|2,096|
|16/12/2022|[Citicorp Nominees Pty Limited]|Buy on the Market|$ 291.78|1,298|1,298|
|16/12/2022|[National Asset Servicing]|Buy on the Market|$ 59,103.38|262,923|262,923|
|16/12/2022|[National Asset Servicing]|Buy on the Market|$ 68,274.72|303,722|303,722|
|16/12/2022|[Northern Trust]|Buy on the Market|$ 267,933.27|1,194,038|1,194,038|
|22/12/2022|[BNP Paribas Securities Services]|[Buy on the Market]|$ 34,896.03|154,753|154,753|
|9/01/2023|[National Asset Servicing]|Buy on the Market|$ 23,617.07|98,701|98,701|
|9/01/2023|[National Asset Servicing]|Buy on the Market|$|6,191.35|25,875|25,875|
|10/01/2023|[National Asset Servicing]|Buy on the Market|$|9,307.13|39,424|39,424|

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10/01/2023 [National Asset Servicing] Buy on the Market $ 2,439.86 10,335 10,335
11/01/2023 [National Asset Servicing] Buy on the Market $ 14,796.56 61,632 61,632
11/01/2023 [National Asset Servicing] Buy on the Market $ 3,878.96 16,157 16,157
16/01/2023 [BNP Paribas Securities Services] [Sell on the Market] $ 25,998.68 104,224 104,224
16/01/2023 [National Asset Servicing] Sell on the Market $ 69,895.39 280,198 280,198
16/01/2023 [Northern Trust] Sell on the Market $ 66,248.43 265,578 265,578
17/01/2023 [National Asset Servicing] Buy on the Market $ 1,364.61 5,568 5,568
19/01/2023 [BNP Paribas Securities Services] [Sell on the Market] $ 65.70 248 248
19/01/2023 [BNP Paribas Securities Services] [Sell on the Market] $ 220,828.48 851,213 851,213
19/01/2023 [National Asset Servicing] Sell on the Market $ 595,181.00 2,294,205 2,294,205
19/01/2023 [National Asset Servicing] Sell on the Market $ 179.88 679 679
19/01/2023 [Northern Trust] Sell on the Market $ 584,901.70 2,254,582 2,254,582
19/01/2023 [Northern Trust] Sell on the Market $ 151.79 573 573
3/02/2023 [BNP Paribas Securities Services] [Sell on the Market] $ 44,926.10 157,983 157,983
3/02/2023 [BNP Paribas Securities Services] [Sell on the Market] $ 26,980.35 95,345 95,345
7/02/2023 [BNP Paribas Securities Services] [Sell on the Market] $ 17,731.75 60,755 60,755
7/02/2023 [National Asset Servicing] Sell on the Market $ 53,016.90 181,654 181,654
7/02/2023 [National Asset Servicing] Sell on the Market $ 89,605.78 307,020 307,020
7/02/2023 [National Asset Servicing] Sell on the Market $ 54,443.50 186,542 186,542
7/02/2023 [National Asset Servicing] Sell on the Market $ 19,262.24 65,999 65,999
7/02/2023 [Northern Trust] Sell on the Market $ 57,796.34 198,030 198,030
10/02/2023 [BNP Paribas Securities Services] [Sell on the Market] $ 32,055.73 106,203 106,203
10/02/2023 [National Asset Servicing] Sell on the Market $ 91,227.96 302,245 302,245
10/02/2023 [National Asset Servicing] Sell on the Market $ 88,791.56 294,173 294,173
10/02/2023 [National Asset Servicing] Sell on the Market $ 28,491.06 94,393 94,393
10/02/2023 [National Asset Servicing] Sell on the Market $ 127,729.73 423,178 423,178
10/02/2023 [Northern Trust] Sell on the Market $ 103,144.71 341,726 341,726
15/02/2023 [National Asset Servicing] Sell on the Market $ 8,998.02 30,000 30,000
17/02/2023 [Citicorp Nominees Pty Limited] Buy on the Market $ 598.63 2,100 2,100
20/02/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 48,798.12 167,900 167,900
20/02/2023 [Northern Trust] Buy on the Market $ 180,298.74 620,355 620,355
21/02/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 6,424.66 22,633 22,633
21/02/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 771.76 2,702 2,702
21/02/2023 [National Asset Servicing] Buy on the Market $ 5,852.62 20,177 20,177
21/02/2023 [National Asset Servicing] Buy on the Market $ 25,377.10 87,488 87,488
21/02/2023 [National Asset Servicing] Buy on the Market $ 30,640.02 105,632 105,632
21/02/2023 [Northern Trust] Buy on the Market $ 23,737.44 83,623 83,623
21/02/2023 [Northern Trust] Buy on the Market $ 2,850.85 9,981 9,981
22/02/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 2,262.78 7,664 7,664
22/02/2023 [National Asset Servicing] Buy on the Market $ 846.18 2,866 2,866
22/02/2023 [National Asset Servicing] Buy on the Market $ 4,430.49 15,006 15,006
22/02/2023 [National Asset Servicing] Buy on the Market $ 5,186.92 17,711 17,711
22/02/2023 [National Asset Servicing] Buy on the Market $ 3,669.34 12,428 12,428
22/02/2023 [National Asset Servicing] Buy on the Market $ 27,154.97 92,722 92,722
22/02/2023 [National Asset Servicing] Buy on the Market $ 22,491.11 76,797 76,797
22/02/2023 [Northern Trust] Buy on the Market $ 8,360.83 28,318 28,318
23/02/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 17,325.18 57,815 57,815
23/02/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 11,502.09 38,320 38,320
23/02/2023 [National Asset Servicing] Buy on the Market $ 6,479.38 21,622 21,622
23/02/2023 [National Asset Servicing] Buy on the Market $ 33,920.98 113,196 113,196
23/02/2023 [National Asset Servicing] Buy on the Market $ 4,301.57 14,331 14,331
23/02/2023 [National Asset Servicing] Buy on the Market $ 28,094.88 93,754 93,754
23/02/2023 [National Asset Servicing] Buy on the Market $ 22,520.62 75,029 75,029
23/02/2023 [National Asset Servicing] Buy on the Market $ 18,652.17 62,141 62,141
23/02/2023 [Northern Trust] Buy on the Market $ 64,012.53 213,613 213,613
23/02/2023 [Northern Trust] Buy on the Market $ 42,498.60 141,587 141,587
27/02/2023 [National Asset Servicing] Buy on the Market $ 4,043.50 14,053 14,053
27/02/2023 [Northern Trust] Buy on the Market $ 9,395.88 32,655 32,655
28/02/2023 [National Asset Servicing] Buy on the Market $ 12,386.56 42,139 42,139
28/02/2023 [Northern Trust] Buy on the Market $ 28,782.82 97,919 97,919
2/03/2023 [National Asset Servicing] Buy on the Market $ 283,599.34 992,901 992,901
2/03/2023 [National Asset Servicing] Buy on the Market $ 75,188.75 263,241 263,241
2/03/2023 [National Asset Servicing] Buy on the Market $ 358,477.60 1,255,055 1,255,055
3/03/2023 [National Asset Servicing] Sell on the Market $ 30,935.11 106,908 106,908
3/03/2023 [National Asset Servicing] Sell on the Market $ 146,277.99 505,519 505,519
3/03/2023 [National Asset Servicing] Sell on the Market $ 112,148.90 387,573 387,573
7/03/2023 [National Asset Servicing] Sell on the Market $ 17,223.73 58,435 58,435
7/03/2023 [National Asset Servicing] Sell on the Market $ 4,751.08 16,119 16,119
7/03/2023 [National Asset Servicing] Sell on the Market $ 22,465.27 76,218 76,218
17/03/2023 [Northern Trust] Buy on the Market $ 39,837.45 150,000 150,000
22/03/2023 [Northern Trust] Buy on the Market $ 54,046.81 207,416 207,416
27/03/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 12,740.28 47,971 47,971
27/03/2023 [National Asset Servicing] Buy on the Market $ 33,664.24 126,756 126,756
27/03/2023 [Northern Trust] Buy on the Market $ 44,438.15 167,323 167,323
28/03/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 209.71 775 775
28/03/2023 [National Asset Servicing] Buy on the Market $ 553.91 2,047 2,047
28/03/2023 [Northern Trust] Buy on the Market $ 731.42 2,703 2,703
29/03/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 24,287.98 89,758 89,758
29/03/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 34,452.08 126,384 126,384
29/03/2023 [National Asset Servicing] Buy on the Market $ 64,176.51 237,169 237,169
29/03/2023 [National Asset Servicing] Buy on the Market $ 91,033.42 333,947 333,947
29/03/2023 [Northern Trust] Buy on the Market $ 84,715.68 313,073 313,073
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29/03/2023 [Northern Trust] Buy on the Market $ 120,167.37 440,822 440,822
31/03/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 1,546.15 5,610 5,610
31/03/2023 [National Asset Servicing] Buy on the Market $ 4,085.30 14,823 14,823
31/03/2023 [Northern Trust] Buy on the Market $ 5,392.77 19,567 19,567
14/04/2023 [National Asset Servicing] Sell on the Market $ 5,480.11 21,082 21,082
17/04/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 95,424.53 363,522 363,522
17/04/2023 [National Asset Servicing] Sell on the Market $ 95,424.53 363,522 363,522
18/04/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 51,464.53 197,506 197,506
18/04/2023 [National Asset Servicing] Buy on the Market $ 299,304.20 1,148,643 1,148,643
18/04/2023 [Northern Trust] Buy on the Market $ 459,873.36 1,764,861 1,764,861
27/04/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 7,393.45 26,836 26,836
27/04/2023 [National Asset Servicing] Buy on the Market $ 9,425.29 34,211 34,211
28/04/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 15,254.91 53,533 53,533
28/04/2023 [National Asset Servicing] Buy on the Market $ 19,447.00 68,244 68,244
1/05/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 187.86 659 659
1/05/2023 [National Asset Servicing] Buy on the Market $ 239.75 841 841
2/05/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 907.68 3,241 3,241
2/05/2023 [National Asset Servicing] Buy on the Market $ 1,156.65 4,130 4,130
3/05/2023 [National Asset Servicing] Sell on the Market $ 5,498.79 20,000 20,000
10/05/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 2,546.04 9,091 9,091
10/05/2023 [Northern Trust] Buy on the Market $ 21,577.90 77,047 77,047
11/05/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 940.33 3,366 3,366
11/05/2023 [Northern Trust] Buy on the Market $ 7,969.62 28,528 28,528
12/05/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 13,996.88 50,157 50,157
12/05/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 19,154.45 68,283 68,283
12/05/2023 [National Asset Servicing] Buy on the Market $ 32,921.71 117,973 117,973
12/05/2023 [National Asset Servicing] Buy on the Market $ 32,777.15 116,846 116,846
12/05/2023 [Northern Trust] Buy on the Market $ 42,118.17 150,928 150,928
12/05/2023 [Northern Trust] Buy on the Market $ 33,871.72 120,748 120,748
15/05/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 16,490.68 58,766 58,766
15/05/2023 [National Asset Servicing] Buy on the Market $ 43,770.77 155,981 155,981
15/05/2023 [Northern Trust] Buy on the Market $ 58,350.74 207,938 207,938
23/05/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 6,585.06 26,314 26,314
23/05/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 1,136.00 4,534 4,534
23/05/2023 [National Asset Servicing] Buy on the Market $ 2,661.34 10,622 10,622
23/05/2023 [National Asset Servicing] Buy on the Market $ 7,342.37 29,305 29,305
23/05/2023 [National Asset Servicing] Buy on the Market $ 8,788.79 35,078 35,078
23/05/2023 [Northern Trust] Buy on the Market $ 3,127.36 12,482 12,482
23/05/2023 [Northern Trust] Buy on the Market $ 18,129.07 72,444 72,444
25/05/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 302.22 1,299 1,299
25/05/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 602.32 2,470 2,470
25/05/2023 [National Asset Servicing] Buy on the Market $ 601.17 2,584 2,584
25/05/2023 [Northern Trust] Buy on the Market $ 968.06 4,161 4,161
25/05/2023 [Northern Trust] Buy on the Market $ 1,657.96 6,799 6,799
26/05/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 513.07 2,212 2,212
26/05/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 37,658.04 161,545 161,545
26/05/2023 [BNP Paribas Securities Services] [Buy on the Market] $ 63,856.20 268,278 268,278
26/05/2023 [National Asset Servicing] Buy on the Market $ 1,020.12 4,398 4,398
26/05/2023 [National Asset Servicing] Buy on the Market $ 74,869.66 321,175 321,175
26/05/2023 [National Asset Servicing] Buy on the Market $ 161,748.67 679,552 679,552
26/05/2023 [Northern Trust] Buy on the Market $ 1,642.91 7,083 7,083
26/05/2023 [Northern Trust] Buy on the Market $ 120,584.03 517,280 517,280
26/05/2023 [Northern Trust] Buy on the Market $ 214,684.63 901,951 901,951
26/05/2023 [Northern Trust] Buy on the Market $ 0.24 1 1
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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	Person entitled to be	Nature of relevant	Nature of relevant	Class & number of	Class & number of	Person's votes	Person's votes
	securities	registered as holder (8)	interest (6)		securities (Ord)
Perennial Value Management Limited	National Asset Servicing	National Asset Servicing		56,552,117		56,552,117		56,552,117
Perennial Value Management	Northern Trust	Northern Trust		23,497,258		23,497,258		23,497,258
Limited
Perennial Value Management Limited	BNP Paribas Securities Services	BNP Paribas Securities Services		7,123,995		7,123,995		7,123,995
Perennial Value Management Limited	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited		22,620,025		22,620,025		22,620,025

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 & ACN

Nature of association

Not applicable

6. Addresses

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

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Name Address
Perennial Value Management Ltd Level 27, 88 Phillip St
Sydney NSW 2000
Experience Co Ltd Experience Co Ltd1/51 Montague Street, North
Wollongong, Nsw 2500
Signature
Print Name Bill Anastasopoulos Capacity Company Secretary
Sign Here Date 29/05/2023
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