FIRSTWAVE CLOUD TECHNOLOGY LIMITED — Major Shareholding Notification 2018

Nov 20, 2018

605 page 1/2

15 July 2001

Form 605 Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme

Firstwave Cloud Technology Limited ( FCT )

ACN/ARSN

144 733 595

1. Details of substantial holder (1)

Name Firstwave Cloud Technology Limited ACN/ARSN (if applicable) 144 733 595 The holder ceased to be a substantial holder on 20/11/2018 The previous notice was given to the company on 31/07/2018 The previous notice was dated 31/07/2018

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
20/11/2018	Firstwave Cloud Technology Limited	Completion of voluntary escrow period pursuant to the Voluntary Escrow Deed previously disclosed to ASX on 22 May 2018 as an annexure to Form 603 (Notice of Initial Substantial Holder) resulting in in FCT ceasing to have a technical "relevant interest" under section 608(1)(c) of the Corporations Act 2001 (Cth).	N/A	33,685,016 fully paid ordinary shares	33,685,016

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:

sons who have become associates (3) of, ceased to be associates of, or to votinginterests in the companyor scheme are as follows:	have changed the nature of their association (7) with, the substantial holder
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:

resses ofpersons named in this form are as follows:
Name	Address
Firstwave Cloud TechnologyLimited	Level 10, 132 Arthur Street, NORTH SYDNEY, NSW, 2060

Signature

print name	Gai Stephens	capacity	Company Secretary
sign here		date	21/11/2018

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605 page 2/2 15 July 2001

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 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, moneys 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.

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