GTN LIMITED — Major Shareholding Notification 2019

Sep 18, 2019

Form 603 Corporations Act 2001 Section 671B Notice of initial substantial holder

To : GTN Limited ACN: 606 841 801 ASX Code: GTN

1. Details of substantial holder

Name: IOOF Holdings Limited ACN: 100 103 722

This notice is given by IOOF Holdings Limited on behalf of itself and its subsidiaries.

The holder became a substantial shareholder on: 17/09/2019

2. Previous and present 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 a relevant interest in on the date the substantial holder is as follows:

Class of securities	Number ofsecurities	Person’s votes	Voting Power
Ordinary	11,887,208	11,887,208	5.307%

3. Details of present registered holders

The persons registered as holders of the securities are as follows:

	Registered holder ofsecurities	Registered holder ofsecurities	PersonEntitledto beholder	Nature of relevantinterest	Nature of relevantinterest	Class &Number (Ord)	Class &Number (Ord)	Person'svotes
								1,549,417
mited904)	NAB Ass	etServicing		Investment M	anager	1	,549,417

2

Perennial Value
Management Limited
(ACN 090 879 904)	Northern Trust		Investment Manager	2,273,641	2,273,641
Perennial Value
Management Limited
(ACN 090 879 904)	BNP		Investment Manager	2,872,696	2,872,696
Perennial Value
Management Limited
(ACN 090 879 904)	Citigroup		InvestmentManager	5,191,454	5,191,454

4. Consideration

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

Date	Person	Nature		Class &	Person's
			Consideration	number	votes
				(ord)
	Perennial Value Management	Purchased on	$
11/09/2019	Limited (ACN 090 879 904)	market	5,620.38	6,978	6,978
	Perennial Value Management	Purchased on	$
16/09/2019	Limited (ACN 090 879 904)	market	5,686,156.43	7,250,702	7,250,702
	Perennial Value Management	Purchased on	$
17/09/2019	Limited (ACN 090 879 904)	market	3,758,167.49	4,629,528	4,629,528

5. Associates

5. Associates
Name & CAN	Nature of association
Not applicable

6. Addresses

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

Name	Address
IOOF Holdings Limited	Level 6, 161 Collins Street
	Melbourne Victoria 3000
GTN LIMITED	Level 42 Northpoint, 100 Miller Street
	North Sydney,NSW 2060
Perennial Value Management Limited	Level 27, 88 Phillip Street
	SydneyNSW 2000