FRONTIER DIGITAL VENTURES LIMITED — Major Shareholding Notification 2021

May 12, 2021

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

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	11 May 2021
The previous notice was given to the company on	22 January 2021
The previous notice was dated	20 January 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

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person's votes	Voting Power(%) (5)	Person's votes	Voting Power(%) (5)
Ordinary	21,748,746	6.34	25,939,240	7.56

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 interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class & number of securities affected	Person's votes affected
8/02/2021	BNP Paribas Securities Services	Buy On the Market	182,770.58 $	128,385	128,385
9/02/2021	BNP Paribas Securities Services	Buy On the Market	70,431.83 $	49,474	49,474
10/02/2021	National Asset Servicing	BuyOn the Market	1,801,300.19 $	1,267,361	1,267,361
10/02/2021	Citicorp Nominees Pty Limited	Sell On the Market	1,801,300.19 $	1,267,361	1,267,361
11/02/2021	Citicorp Nominees Pty Limited	Sell On the Market	3,258,814.80 $	2,300,000	2,300,000
16/02/2021	BNP Paribas Securities Services	Buy On the Market	496,942.87 $	354,180	354,180
16/02/2021	National Asset Servicing	BuyOn the Market	2,176,647.11 $	1,551,335	1,551,335
16/02/2021	National Asset Servicing	BuyOn the Market	1,632,848.39 $	1,163,760	1,163,760
16/02/2021	National Asset Servicing	BuyOn the Market	330,084.39 $	235,257	235,257
19/02/2021	BNP Paribas Securities Services	Buy On the Market	207,469.22 $	153,389	153,389
19/02/2021	BNP Paribas Securities Services	Buy On the Market	257,771.90 $	190,523	190,523
19/02/2021	National Asset Servicing	BuyOn the Market	418,700.92 $	309,468	309,468
19/02/2021	National Asset Servicing	BuyOn the Market	369,286.54 $	273,026	273,026
19/02/2021	Northern Trust	BuyOn the Market	415,783.91 $	307,312	307,312
19/02/2021	Northern Trust	BuyOn the Market	355,196.82 $	262,609	262,609
26/02/2021	BNP Paribas Securities Services	Buy On the Market	709,588.74 $	516,811	516,811
1/03/2021	National Asset Servicing	BuyOn the Market	48,386.34 $	35,032	35,032
19/04/2021	BNP Paribas Securities Services	Sell On the Market	20,016.22 $	13,285	13,285
19/04/2021	Northern Trust	Sell On the Market	17,650.73 $	11,715	11,715
27/04/2021	National Asset Servicing	BuyOn the Market	71,368.72 $	50,591	50,591
27/04/2021	BNP Paribas Securities Services	Sell On the Market	71,368.72 $	50,591	50,591
4/05/2021	National Asset Servicing	BuyOn the Market	155,972.37 $	113,640	113,640
6/05/2021	Citicorp Nominees Pty Limited	Buy On the Market	1,604,921.57 $	1,247,995	1,247,995
6/05/2021	National Asset Servicing	Sell On the Market	875,687.55 $	680,939	680,939
6/05/2021	National Asset Servicing	Sell On the Market	572,731.67 $	445,359	445,359
6/05/2021	National Asset Servicing	Sell On the Market	156,502.34 $	121,697	121,697
11/05/2021	Citicorp Nominees Pty Limited	Buy On the Market	1,082,692.88 $	871,293	871,293

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	11,339,521	11,339,521	11,339,521
Perennial Value Management Limited	Northern Trust	Northern Trust	2,860,886	2,860,886	2,860,886
Perennial Value Management Limited	BNP Paribas Securities Services	BNP Paribas Securities Services	4,142,833	4,142,833	4,142,833
Perennial Value Management Limited	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited	7,596,000	7,596,000	7,596,000

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
	SydneyNSW 2000
Frontier Digital Ventures Ltd	Frontier Digital Ventures	LtdLevel 7,330 Collins Street,
Signature
Print Name	Bill Anastasopoulos	Capacity	Company Secretary
Sign Here		Date	13/05/2021

==> picture [411 x 208] intentionally omitted <==

==> picture [406 x 84] intentionally omitted <==