FATFISH GROUP LIMITED — Major Shareholding Notification 2020

Sep 22, 2020

DocuSign Envelope ID: 0C6C3E30-E2C1-425D-88D8-033E9892E10B

604 Page 1 of 3 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

Fatfish Blockchain Limited

ACN/ARSN ACN 004 080 460

1. Details of substantial holder (1)

Arena Investors, LP (on behalf of its advisory clients and Name affiliates)

ACN/ARSN (if applicable)

NOT APPLICABLE

There was a change in the interests of the substantial holder on

substantial holder on 21 / 09 / 2020 The previous notice was given to the company on 18 / 11 / 2019 The previous notice was dated 18 / 11 / 2019

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:

Class of securities (4)Fully paid ordinaryshares	Previous noticePerson’s votes129,066,528	Voting power(5)17.44%	Present noticePerson’s votes71,005,630	Voting power(5)8.71%

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 ofchange06/08/202021/09/2020	Person whoserelevant interestchanged ArenaInvestors,LP (onbehalf ofits advisoryclients andaffiliates) ArenaInvestors,LP (onbehalf ofits advisoryclients andaffiliates)	Nature of change (6)Shares soldShares sold	Consideration givenin relation to change(7)ApproximatelyAUD 278,000.00for sharessoldApproximatelyAUD 811,000.00for sharessold	Class and numberof securitiesaffected1,302,263fully paidordinaryshares56,758,635fully paidordinaryshares	Person's votesaffected1,302,263
					56,758,635

4. Present relevant interests

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

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604 Page 2 of 3 15 July 2001

==> picture [482 x 152] intentionally omitted <==

----- Start of picture text ----- Holder of Registered holder Person entitled to be Nature of relevant Class and Person's votesrelevant interest of securities registered as holder interest (6) number of(8) securitiesArenaArenaInvestors, ArenaInvestors,LP (on Investors, LPLP (on fully paid fully paidbehalf of (on behalf ofbehalf of ordinary ordinary 71,005,630its its advisoryits advisory shares sharesadvisory clients andclients andclients and affiliates)affiliates)affiliates)----- End of picture text -----

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
NOT APPLICABLE	NOT APPLICABLE

6. Addresses

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

Name	Address
Arena Investors, LP (onbehalf of its advisoryclients and affiliates)	405 Lexington Ave., FL 59, New York, NY 10174

Signature

re
print namesign here	Kristan GregorycapacityCCO
	date21/09/2020

DIRECTIONS

• (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

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604 Page 3 of 3 15 July 2001

(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 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.

• (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.