GRAINCORP LIMITED — Major Shareholding Notification 2023

Nov 22, 2023

603 page 1/2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

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To Company Name/ Scheme GrainCorp Limited
ACN/ ARSN 057 186 035
1. Details of substantial holder (1)
Name Vinva Investment Management Limited
ACN/ ARSN (if applicable) 142 528 783
The holder became a substantial holder on 21/11/2023
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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 interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

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Class of securities (4) Number of securities Person's votes (5) Voting power (6)
FPO 11,422,344 11,422,344 5.09%
Based on issued capital of 224,336,997 shares
The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder
Holder of relevant interest Nature of relevant interest (7) Class and number of securities
See Schedule 1
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
Registered Holder of Person entitled to be
Holder of relevant interest securities registered as holder (8) Class and number of securities
See Schedule 1
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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 substantial holder are as follows:

4. Details of present registered holders

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

5. Consideration

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

Vinva Investment Management Limited 21/07/2023 - 21/11/2023 Holder of relevant interest Date of acquisition	Non-cash Consideration (9) Consideration for Acquisition of Shares $10,629,712 Transfer out of 1,181,640 shares 1,181,640 shares 747,573 shares Transfer in 747,573 shares Acquisition of 1,448,328 shares Disposal of 599,334 shares Consideration for Disposal of Shares $4,255,261 Cash Class and number of securities

603 page 2/2 15 July 2001

6. Associates

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

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Name and ACN/ ARSN (if applicable) Nature of association
N/A
7. Addresses
The addresses of persons named in this form are as follows:
Name Address
Vinva Investment Management Limited Level 27, 259 George Street, Sydney, NSW 2000
Signature
Print name Tanya Sideratos Capacity Director of Operations, Risk and Compliance
Sign here Date 23 11 2023323/11/2023/ /
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DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

(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 total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. (7) Include details of: (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) 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 with a written statement certifying this contract, scheme or arrangement; and (b) 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 particular securities to which the qualification applies). See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

(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) 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 entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

Schedule 1 - Vinva Investment Management Limited becoming a substantial holder in GrainCorp Limited Details of relevant interests

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Holder of relevant interest Nature of relevant interest Class and number of securities
Vinva Investment Management Limited Power to (or to control) exercise vote and/or dispose Fully paid ordinary shares 11,422,344
of the securities as discretionary investment
managers or advisers of superannuation funds,
pooled superannuation trusts, managed investment
schemes and investment management agreements.
Details of present registered holders
Holder of relevant interest Registered holder of securities Persons entitled to be a registered holder Class and number of
securities
JP Morgan Nominees Australia Ltd JP Morgan Nominees Australia Ltd 4,085,501 FPO
1 [Vinva Investment Management Limited]
National Nominees Ltd National Nominees Ltd 644,534 FPO
2 [Vinva Investment Management Limited]
3 [Vinva Investment Management Limited] Cogent Nominees Limited Cogent Nominees Limited 615,106 FPO
4 [Vinva Investment Management Limited] Northern Trust Northern Trust 1,871,452 FPO
5 [Vinva Investment Management Limited] State Street Australia Limited State Street Australia Limited 3,498,710 FPO
6 [Vinva Investment Management Limited] CITI CITI 707,041 FPO
7
8
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11,422,344