GTN LIMITED — Major Shareholding Notification 2017

Oct 24, 2017

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Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	GTN Limited
ACN/ARSN	606 841 801 ---

1. Details of substantial holder (1)

Name		Ausbil Investment Management Limited
ACN/ARSN (if applicable)	076 316 473
The holder ceased to be a substantial holder on		24/10/2017
The previous notice was given to the company on		6/09/2017
The previous notice was dated		4/09/2017

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting
securities of the company or scheme, since the substantial holder was last required scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given In relation to change (5)	Class (6) and number of securities affected	Person's votes affected
24/10/2017	Ausbil Investment Management Limited	On market trading LESS 201	Refer to Annexure B	Refer to Annexure B	Refer to Annexure B

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (If applicable) $\sim$	Nature of association -------
	.

4. Addresses

The addresses of persons named in this form are as follows:

Name		Address
	Ausbil Investment Management Limited			Level 27, 225 George Street, Sydney NSW 2000

Signature

print name

Yvonne Nehme

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OOO TOURCHE ISSUE LOO

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sign here	hrv! ---------------------------------------	date	25/10/2017 ---
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DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the $(1)$ 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 4 of the form,
• (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(3)$
• $(4)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) $(a)$ 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
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or $(b)$ 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.

• (5) 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.
• (6) The voting shares of a company constitute one class unless divided into separate classes.
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(7)$

$\frac{1}{T}$

Annexure B Ausbil Investment Management Limited
GTN Limited

Security	Type	Accrual	Cash	Units in/(out)	Consideration
GTN	On market	24/10/2017	26/10/2017	(71, 792)	204,607.20
GTN	On market	24/10/2017	26/10/2017	(428,208)	1,220,392.80
GTN	On market		23/10/2017 25/10/2017	(43,221)	123,179.85
GTN	On market		23/10/2017 25/10/2017	(456,779)	1,301,820.15
GTN	On market	10/10/2017	12/10/2017	(350,000)	980,000.00
GTN	On market	12/09/2017	14/09/2017	(250,000)	704,100.00
GTN	On market	12/09/2017	14/09/2017	250,000	(704, 100.00)
Total				(1,350,000)

Cenne Matos

Yvonne Nehme Compliance Executive
25-Oct-17