FIRSTWAVE CLOUD TECHNOLOGY LIMITED — Major Shareholding Notification 2020

Jun 16, 2020

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Firstwave Cloud Technology Ltd
ACN/ARSN:	35 144 733 595	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			16 June 2020
The previous notice was given to the company on	31 May 2020
The previous notice was dated			29 May 2020

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

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting Power (%) (5)	Person's votes	Voting Power (%) (5)
Ordinary	28,918,339	6.47	51,927,430	8.02

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

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
	1/06/2020 National Asset Servicing	Buy On the Market	\$ 29,105.07	448,859	448,859
	1/06/2020 National Asset Servicing	Buy On the Market	\$ 10,656.00	164,337	164,337
	16/06/2020 National Asset Servicing	Buy On the Market	\$ 706,890.92	7,440,957	7,440,957
	16/06/2020 National Asset Servicing	Buy On the Market	\$ 992,833.60	10,450,880	10,450,880
	16/06/2020 National Asset Servicing	Buy On the Market	\$ 358,935.08	3,778,264	3,778,264
	16/06/2020 National Asset Servicing	Buy On the Market	\$ 68,950.43	725,794	725,794

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 be registered as holder (8)	Nature of relevant interest (6)	Class & number of securities (Ord)	Person's votes
Perennial Value Management Limited	National Asset Servicing	National Asset Servicing	51,927,430	51,927,430	51,927,430

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

Name & ACN	Nature of association
Not applicable

6. Addresses

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

Name	Address
Perennial Value Management Ltd	Level 27, 88 Phillip St
	Sydney NSW 2000
Firstwave Cloud Technology Ltd	132 Arthur Street Level 10, North Sydney, Nsw 2060

Signature

Print Name Bill Anastasopoulos Capacity Company Secretary

Sign Here

Date	17/06/2020

WILLI LIC HANGS AND AQUICSSES OF HICHIDERS IS CICATIVISED ON THI DARAGRAPH O OF LIC TONE.

• (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:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) $(a)$ 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 wit contract, scheme or arrangement; and
• 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 $(b)$ 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 entitied to receive in relation to that acquisition. Detai happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holde or its associate in relation
  to the acquisitions, even if they are not paid directly to the person from who
• (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.