FRONTIER DIGITAL VENTURES LIMITED — Major Shareholding Notification 2021

Jan 21, 2021

Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

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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: 20 January 2021
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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

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Class of securities Number of securities Person’s votes Voting Power (%)
Ordinary 21,748,746 21,748,746 6.34
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
Holder of relevant interest Nature of relevenat interest Class & number of securities (Ord)
Perennial Value Management Investment Manager 21,748,746
Limited
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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

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		7,588,046
Perennial Value Management	Northern Trust	Northern Trust		2,302,680
Limited
Perennial Value Management Limited	BNP Paribas Securities Services	BNP Paribas Securities Services		2,813,947
Perennial Value Management Limited	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited		9,044,073

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 of relevant interest	Date of acquisition		Consideration				Class & and	number of
			Cash		Non-cash		securities
BNP Paribas Securities Services		16/10/2020	$	395,752.00				282,680
						0
National Asset Servicing		16/10/2020	$	1,491,098.00		0		1,065,070
National Asset Servicing		16/10/2020	$	1,742,469.40		0		1,244,621
National Asset Servicing		16/10/2020	$	2,907,709.00		0		2,076,935
National Asset Servicing		16/10/2020	$	950,308.80		0		678,792
National Asset Servicing		16/10/2020	$	164,701.60		0		117,644
National Asset Servicing		16/10/2020	$	643,272.00		0		459,480
Northern Trust		16/10/2020	$	664,689.20		0		474,778
National Asset Servicing		20/10/2020	$	16,062.72		0		11,704
National Asset Servicing		21/10/2020	$	1,188,369.93		0		894,049
National Asset Servicing		21/10/2020	$	227,321.11		0		171,021
BNP Paribas Securities Services		28/10/2020	$	45,674.50				35,956
						0
BNP Paribas Securities Services		28/10/2020	$	47,157.92				37,007
						0
National Asset Servicing		28/10/2020	$	2,543.50		0		1,996

National Asset Servicing	28/10/2020	$	75,805.74	0	59,676
National Asset Servicing	28/10/2020	$	78,266.07	0	61,419
National Asset Servicing	28/10/2020	$	2,669.52	0	2,104
National Asset Servicing	28/10/2020	$	2,463.09	0	1,939
Northern Trust	28/10/2020	$	78,801.09	0	62,034
Northern Trust	28/10/2020	$	81,357.52	0	63,845
BNP Paribas Securities Services	29/10/2020	$	15,407.31		12,418
				0
National Asset Servicing	29/10/2020	$	831.29	0	670
National Asset Servicing	29/10/2020	$	25,570.07	0	20,609
Northern Trust	29/10/2020	$	26,581.27	0	21,424
BNP Paribas Securities Services	30/10/2020	$	86,590.80		68,572
				0
BNP Paribas Securities Services	30/10/2020	$	132,176.94		103,807
				0
National Asset Servicing	30/10/2020	$	1,443.35	0	1,143
National Asset Servicing	30/10/2020	$	2,202.81	0	1,730
National Asset Servicing	30/10/2020	$	142,973.57	0	113,222
National Asset Servicing	30/10/2020	$	218,241.50	0	171,399
Northern Trust	30/10/2020	$	147,823.88	0	117,063
Northern Trust	30/10/2020	$	225,644.45	0	177,213
BNP Paribas Securities Services	3/11/2020	$	437,489.83		354,902
				0
BNP Paribas Securities Services	3/11/2020	$	277,407.88		225,443
				0
National Asset Servicing	3/11/2020	$	5,522.49	0	4,488
National Asset Servicing	3/11/2020	$	6,788.35	0	5,510
National Asset Servicing	3/11/2020	$	8,709.07	0	7,065
BNP Paribas Securities Services	4/11/2020	$	72,939.30		58,745
				0
National Asset Servicing	4/11/2020	$	1,452.70	0	1,170
BNP Paribas Securities Services	5/11/2020	$	811,614.69		635,213
				0
National Asset Servicing	5/11/2020	$	16,157.85	0	12,646
National Asset Servicing	9/11/2020	$	10,712.41	0	8,343
National Asset Servicing	3/12/2020	$	22,686.03	0	16,028
National Asset Servicing	7/12/2020	$	53,650.12	0	36,424
National Asset Servicing	16/12/2020	$	13,651.18	0	9,790
BNP Paribas Securities Services	13/01/2021	$	307,497.16		172,372
				0
National Asset Servicing	13/01/2021	$	616,301.95	0	345,477
Northern Trust	13/01/2021	$	610,707.58	0	342,341
BNP Paribas Securities Services	20/01/2021	$	429,850.59		285,938
				0
BNP Paribas Securities Services	20/01/2021	$	864,480.19		575,055
				0
Citicorp Nominees Pty Limited	20/01/2021	$	13,595,954.94		9,044,073
				0
National Asset Servicing	20/01/2021	$	1,579,896.15	0	1,050,952
Northern Trust	20/01/2021	$	1,569,418.15	0	1,043,982

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:

Name		Address
Perennial Value Management	Level 27, 88 Phillip St
Limited	Sydney NSW 2000
Frontier Digital Ventures Ltd	Frontier Digital Ventures LtdLevel 7, 330 Collins Street, Melbourne, 3000

Signature

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Print Name Bill Anastasopoulos

Capacity

Company Secretary

Sign Here Date 22/01/2021