GTN LIMITED — Major Shareholding Notification 2021

Jun 14, 2021

Corporations Law

Section 671B

Form 604

Notice of change of interests of substantial holder

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

1. Details of substantial holder (1)

Name Viburnum Funds Pty Ltd (“Viburnum”) and each of the parties listed in Annexure A ABN (if applicable) 126 348 990

There was a change in the interests of the substantial holder on 11/06/2021 The previous notice was given to the company on 02/03/2021 The previous notice was dated 02/03/2021

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 relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

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----- Start of picture text ----- Class of securities (4) Previous notice Present noticePerson's votes Voting power (5) Person's votes Voting power (5)FPO 58,066,513 26.97% 62,266,513 28.92%----- End of picture text -----

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 substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

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----- Start of picture text ----- Date of change Person whose Nature of change Consideration given in Class and number Person's votesrelevant interest (6) relation to change (7) of securities affectedchanged affected11 / 06 / 2021 Viburnum Purchase of $ 1,512,000 4,200,000 FPO 4,200,000shares on market----- End of picture text -----

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

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----- Start of picture text ----- Holder of Registered holder Person entitled to be Nature of relevant interest Class and Person'srelevant interest of securities registered as holder (6) number of votes(8) securitiesViburnum JP Morgan Viburnum Power to (or to control) 58,852,111 58,852,111Nominees exercise vote and/or FPOAustralia Ltd; or dispose of the securitiesas discretionaryBank of New York investment managers orMellon advisers ofsuperannuation funds,pooled superannuationtrusts, managedinvestment schemes andinvestment managementagreements.Viburnum As above As above Relevant interest underAssociates section 608(3)(a) and/orreferred to in 608(3)(b) of theAnnexure A Corporations Act 2001 (Cth).----- End of picture text -----

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----- Start of picture text ----- The Myer Family National MFI Relevant interest under 2,914,402 2,914,402Investments Pty Nominees Ltd section 608(1)(a) of the FPOLtd (“MFI”) Corporation Act 2001 (Cth).CE & P Coleman Coleman Coleman Relevant interest under 500,000 500,000ATF The section 608(3)(a) and/or FPOColeman 608(3)(b) of theSuperannuation Corporations Act 2001 (Cth).Fund (“Coleman”)----- End of picture text -----

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 interests in the company or scheme are as follows:

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----- Start of picture text ----- Name and ACN/ARSN (if applicable) Nature of associationN/A----- End of picture text -----

6. Addresses

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

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----- Start of picture text ----- Name AddressViburnum 31 Carrington Street, Nedlands, WA, 6009MFI Level 7, 171 Collins Street, Melbourne, VIC 3000Coleman C/- 47 Outram Street, West Perth, WA, 6005----- End of picture text -----

Signature

Print NameSign Here	David St QuintinCapacityCompany Secretary
	Date15 / 06 / 2021

Annexure A to form 604

This is Annexure A of 1 page referred to in ASIC form 604 (Notice of change of interests of substantial holder), for GTN Limited

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David St Quintin Company Secretary 15 June 2021

Viburnum Funds Pty Ltd Subsidiaries (“ Viburnum Subsidiaries ”):

Viburnum Management Pty Ltd (ACN 126 937 424) Viburnum Holdings (Singapore) Pte. Ltd. V3 Trustees Pte. Ltd. V3 Management Pte. Ltd. Viburnum Management Pte. Ltd

Viburnum Funds Pty Ltd Associates (“ Viburnum Associates ”):

Gilbeyallen Investments Pty Ltd (ACN 164 108 258) Fatty Holdings Pty Ltd (ACN 120 119 780) CE & P Coleman ATF The Coleman Superannuation Fund