FRONTIER DIGITAL VENTURES LIMITED — Major Shareholding Notification 2021

Dec 23, 2021

Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

To: Frontier Digital Ventures Ltd ACN/ARSN: ABN 25 609 183 959 Source: Australian Business Register Name: Perennial Value Management Limited ACN: 22 090 879 904 The holder became a substantial shareholder on: 23 December 2021

2. Details of Voting Power

The total number of votes attached to all the voting shares in the company or voting interest in the scheme that the substantial holder or an associate had a relevant interest in on the date the substantial holder are as follows:

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Class of securities Number of securities Person’s votes Voting Power (%)
Ordinary 18,722,300 18,722,300 5.16
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3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a susbstantial holder are as follows:

Holder of relevant interest	Nature of relevenat interest	Class & number of securities (Ord)	Class & number of securities (Ord)
Perennial Value Management	Investment Manager		18,722,300
Limited

4. Details of present registered holders

The persons registered as holders of the securities referred to paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as	Class & number of	Class & number of
		holder	securities (Ord)
Perennial Value Management Limited	National Asset Servicing	National Asset Servicing		7,052,556
Perennial Value Management	Northern Trust	Northern Trust		2,456,992
Limited
Perennial Value Management Limited	BNP Paribas Securities Services	BNP Paribas Securities Services		3,076,024
Perennial Value Management Limited	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited		6,136,728

5. Consideration

The consideration paid for each relevant interest referred to paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition		Consideration			Class & and	number of
			Cash		Non-cash	securities
National Asset Servicing		1/12/2021	$	(109,228.21)		-	70,132
National Asset Servicing		1/12/2021	$	(68,695.16)		-	44,107
National Asset Servicing		1/12/2021	$	(20,658.23)		-	13,264
National Asset Servicing		3/12/2021	$	(84,064.06)		-	54,232
National Asset Servicing		3/12/2021	$	(52,870.21)		-	34,108
National Asset Servicing		3/12/2021	$	(15,899.19)		-	10,257
National Asset Servicing		6/12/2021	$	(115,230.84)		-	74,396
National Asset Servicing		6/12/2021	$	(72,470.77)		-	46,789
National Asset Servicing		6/12/2021	$	(21,792.81)		-	14,070
BNP Paribas Securities Services		17/12/2021	$	(8,617.83)		-	5,654
Citicorp Nominees Pty Limited		17/12/2021	$	177,020.59			116140
Northern Trust		17/12/2021	$	(168,402.76)		-	110,486

National	Asset	Servicing	23/12/2021	$	300,901.49		191,657
National	Asset	Servicing	23/12/2021	$	2,839,098.51		1,808,343

6. Associates

The reasons the persons above in paragraph 3 above are associates of the substantial holder are as follows:

Name & ACN	Nature of association
Not applicable

7. Addresses

The addresses of persons named in this form are as follows:	The addresses of persons named in this form are as follows:
Name	Address
Perennial Value Management Limited	Level 27, 88 Phillip St Sydney NSW 2000
Frontier Digital Ventures Ltd	Frontier Digital Ventures LtdLevel 7, 330 Collins Street, Melbourne, 3000
Signature Print Name	Bill Anastasopoulos Capacity	Company Secretary
Sign Here	Date	24/12/2021