FRONTIER DIGITAL VENTURES LIMITED — Major Shareholding Notification 2021

Oct 25, 2021

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

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To Company Name/Scheme Frontier Digital Ventures Ltd
ACN/ARSN: ABN 25 609 183 959 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 22 October 2021
The previous notice was given to the company on 13 May 2021
The previous notice was dated 11 May 2021
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:
Class of securities (4) Previous notice Present notice
Person's votes Voting Power (%) (5) Person's votes Voting Power (%) (5)
Ordinary 25,939,240 7.56 21,713,805 6.33
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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:

Date	of	change		Person whose relevant	Nature of change (6)	Consideration given in	Consideration given in	Class & number of		Person's votes affected
				interest changed		relation to change (7)		securities affected
			12/05/2021	Citicorp Nominees Pty Limited	Buy On the Market	$	8,722.71		7,019	7,019
			1/06/2021	Citicorp Nominees Pty Limited	Sell On the Market	$	486,926.40		400,000	400,000
			3/06/2021	BNP Paribas Securities Services	Sell On the Market	$	28,927.26		23,544	23,544
			3/06/2021	BNP Paribas Securities Services	Sell On the Market	$	21,939.95		17,857	17,857
			3/06/2021	Northern Trust	Sell On the Market	$	13,536.00		11,017	11,017
			21/06/2021	National Asset Servicing	Sell On the Market	$	305,638.12		220,527	220,527
			22/06/2021	National Asset Servicing	Sell On the Market	$	52,125.44		37,583	37,583
			23/06/2021	National Asset Servicing	Sell On the Market	$	326,224.73		240,047	240,047
			28/06/2021	BNP Paribas Securities Services	Buy On the Market	$	201,356.56		152,462	152,462
			28/06/2021	National Asset Servicing	Buy On the Market	$	165,990.86		125,684	125,684
			28/06/2021	National Asset Servicing	Buy On the Market	$	79,714.81		60,358	60,358
			28/06/2021	National Asset Servicing	Sell On the Market	$	985,855.00		746,464	746,464
			28/06/2021	Northern Trust	Buy On the Market	$	538,792.77		407,960	407,960
			6/07/2021	BNP Paribas Securities Services	Sell On the Market	$	47,525.34		32,713	32,713
			16/07/2021	BNP Paribas Securities Services	Sell On the Market	$	54,992.85		39,461	39,461
			16/07/2021	National Asset Servicing	Buy On the Market	$	54,992.85		39,461	39,461
			20/07/2021	National Asset Servicing	Buy On the Market	$	39,441.47		28,547	28,547
			28/07/2021	BNP Paribas Securities Services	Sell On the Market	$	1,508.65		998	998
			28/07/2021	National Asset Servicing	Sell On the Market	$	3,349.86		2,216	2,216
			28/07/2021	Northern Trust	Sell On the Market	$	2,645.42		1,750	1,750
			5/08/2021	National Asset Servicing	Sell On the Market	$	121,939.91		74,513	74,513
			5/08/2021	National Asset Servicing	Sell On the Market	$	61,702.28		37,704	37,704
			5/08/2021	National Asset Servicing	Sell On the Market	$	15,890.33		9,710	9,710
			6/08/2021	National Asset Servicing	Sell On the Market	$	77,500.61		47,622	47,622
			6/08/2021	National Asset Servicing	Sell On the Market	$	19,958.57		12,264	12,264
			6/08/2021	National Asset Servicing	Sell On the Market	$	153,162.23		94,114	94,114
			9/08/2021	BNP Paribas Securities Services	Sell On the Market	$	26,476.29		16,256	16,256
			9/08/2021	BNP Paribas Securities Services	Sell On the Market	$	28,502.41		17,500	17,500
			9/08/2021	Citicorp Nominees Pty Limited	Sell On the Market	$	92,668.64		56,897	56,897
			9/08/2021	National Asset Servicing	Sell On the Market	$	26,686.40		16,385	16,385
			9/08/2021	National Asset Servicing	Sell On the Market	$	13,503.62		8,291	8,291
			9/08/2021	National Asset Servicing	Sell On the Market	$	3,477.29		2,135	2,135
			9/08/2021	Northern Trust	Sell On the Market	$	50,056.75		30,734	30,734
			10/08/2021	BNP Paribas Securities Services	Sell On the Market	$	282.23		173	173
			10/08/2021	BNP Paribas Securities Services	Sell On the Market	$	303.44		186	186
			10/08/2021	Citicorp Nominees Pty Limited	Sell On the Market	$	988.63		606	606
			10/08/2021	National Asset Servicing	Sell On the Market	$	285.50		175	175
			10/08/2021	National Asset Servicing	Sell On the Market	$	143.56		88	88
			10/08/2021	National Asset Servicing	Sell On the Market	$	37.52		23	23
			10/08/2021	Northern Trust	Sell On the Market	$	533.47		327	327
			11/08/2021	BNP Paribas Securities Services	Sell On the Market	$	1,844.67		1,162	1,162
			11/08/2021	BNP Paribas Securities Services	Sell On the Market	$	1,985.96		1,251	1,251
			11/08/2021	Citicorp Nominees Pty Limited	Sell On the Market	$	6,457.96		4,068	4,068
			11/08/2021	National Asset Servicing	Sell On the Market	$	1,858.96		1,171	1,171

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11/08/2021 [National Asset Servicing] Sell On the Market $ 941.38 593 593
11/08/2021 [National Asset Servicing] Sell On the Market $ 242.88 153 153
11/08/2021 [Northern Trust] Sell On the Market $ 3,487.74 2,197 2,197
12/08/2021 [BNP Paribas Securities Services] [Sell On the Market] $ 936.03 590 590
12/08/2021 [BNP Paribas Securities Services] [Sell On the Market] $ 1,007.43 635 635
12/08/2021 [Citicorp Nominees Pty Limited] Sell On the Market $ 3,276.12 2,065 2,065
12/08/2021 [National Asset Servicing] Sell On the Market $ 943.97 595 595
12/08/2021 [National Asset Servicing] Sell On the Market $ 477.53 301 301
12/08/2021 [National Asset Servicing] Sell On the Market $ 123.74 78 78
12/08/2021 [Northern Trust] Sell On the Market $ 1,770.53 1,116 1,116
13/08/2021 [BNP Paribas Securities Services] [Sell On the Market] $ 29,656.88 18,644 18,644
13/08/2021 [BNP Paribas Securities Services] [Sell On the Market] $ 31,925.20 20,070 20,070
13/08/2021 [Citicorp Nominees Pty Limited] Sell On the Market $ 103,797.47 65,253 65,253
13/08/2021 [National Asset Servicing] Sell On the Market $ 29,892.30 18,792 18,792
13/08/2021 [National Asset Servicing] Sell On the Market $ 15,125.90 9,509 9,509
13/08/2021 [National Asset Servicing] Sell On the Market $ 3,895.61 2,449 2,449
13/08/2021 [Northern Trust] Sell On the Market $ 56,067.15 35,247 35,247
16/08/2021 [BNP Paribas Securities Services] [Sell On the Market] $ 15,477.45 9,730 9,730
16/08/2021 [BNP Paribas Securities Services] [Sell On the Market] $ 16,660.91 10,474 10,474
16/08/2021 [Citicorp Nominees Pty Limited] Sell On the Market $ 54,169.45 34,054 34,054
16/08/2021 [National Asset Servicing] Sell On the Market $ 15,599.92 9,807 9,807
16/08/2021 [National Asset Servicing] Sell On the Market $ 7,894.61 4,963 4,963
16/08/2021 [National Asset Servicing] Sell On the Market $ 2,032.91 1,278 1,278
16/08/2021 [Northern Trust] Sell On the Market $ 29,260.79 18,395 18,395
27/08/2021 [National Asset Servicing] Buy On the Market $ 58,021.18 38,018 38,018
27/08/2021 [National Asset Servicing] Buy On the Market $ 15,283.55 10,000 10,000
27/08/2021 [Northern Trust] Buy On the Market $ 13,877.28 9,093 9,093
31/08/2021 [National Asset Servicing] Buy On the Market $ 278,064.71 175,782 175,782
31/08/2021 [Northern Trust] Buy On the Market $ 66,503.50 42,041 42,041
1/09/2021 [National Asset Servicing] Buy On the Market $ 102,387.55 64,783 64,783
1/09/2021 [Northern Trust] Buy On the Market $ 24,486.21 15,493 15,493
3/09/2021 [BNP Paribas Securities Services] [Sell On the Market] $ 10,871.41 6,881 6,881
3/09/2021 [Northern Trust] Sell On the Market $ 15,037.65 9,518 9,518
14/09/2021 [BNP Paribas Securities Services] [Buy On the Market] $ 18,359.80 12,040 12,040
14/09/2021 [National Asset Servicing] Buy On the Market $ 421,947.45 276,705 276,705
14/09/2021 [National Asset Servicing] Sell On the Market $ 249,336.40 163,510 163,510
14/09/2021 [National Asset Servicing] Sell On the Market $ 344,631.97 226,003 226,003
14/09/2021 [Northern Trust] Buy On the Market $ 153,661.12 100,768 100,768
16/09/2021 [BNP Paribas Securities Services] [Sell On the Market] $ 11,118.56 7,361 7,361
17/09/2021 [BNP Paribas Securities Services] [Sell On the Market] $ 12,071.49 7,965 7,965
23/09/2021 [BNP Paribas Securities Services] [Sell On the Market] $ 308,380.83 204,676 204,676
23/09/2021 [BNP Paribas Securities Services] [Sell On the Market] $ 346,430.47 229,930 229,930
23/09/2021 [Citicorp Nominees Pty Limited] Sell On the Market $ 867,218.24 575,583 575,583
23/09/2021 [National Asset Servicing] Sell On the Market $ 694,590.62 461,008 461,008
23/09/2021 [Northern Trust] Sell On the Market $ 646,068.04 428,803 428,803
29/09/2021 [National Asset Servicing] Sell On the Market $ 34,626.99 21,826 21,826
29/09/2021 [National Asset Servicing] Sell On the Market $ 5,089.50 3,208 3,208
29/09/2021 [National Asset Servicing] Sell On the Market $ 6,701.39 4,224 4,224
30/09/2021 [National Asset Servicing] Sell On the Market $ 126.92 80 80
30/09/2021 [National Asset Servicing] Sell On the Market $ 19.04 12 12
30/09/2021 [National Asset Servicing] Sell On the Market $ 23.79 15 15
22/10/2021 [BNP Paribas Securities Services] [Sell On the Market] $ 153,687.29 103,131 103,131
22/10/2021 [BNP Paribas Securities Services] [Sell On the Market] $ 121,364.54 81,441 81,441
22/10/2021 [Citicorp Nominees Pty Limited] Sell On the Market $ 306,763.59 205,852 205,852
22/10/2021 [National Asset Servicing] Sell On the Market $ 299,756.61 201,150 201,150
22/10/2021 [National Asset Servicing] Sell On the Market $ 71,706.13 48,118 48,118
22/10/2021 [National Asset Servicing] Sell On the Market $ 27,965.36 18,766 18,766
22/10/2021 [National Asset Servicing] Sell On the Market $ 231,735.78 155,505 155,505
22/10/2021 [Northern Trust] Sell On the Market $ 227,351.56 152,563 152,563
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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	Person's votes
	securities	registered as holder (8)	interest (6)		securities (Ord)
Perennial Value Management Limited	National Asset Servicing	National Asset Servicing		9,255,884		9,255,884		9,255,884
Perennial Value Management	Northern Trust	Northern Trust		2,744,574		2,744,574		2,744,574
Limited
Perennial Value Management Limited	BNP Paribas Securities Services	BNP Paribas Securities Services		3,454,706		3,454,706		3,454,706
Perennial Value Management Limited	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited		6,258,641		6,258,641		6,258,641

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
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 25/10/2021
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