HUB24 LIMITED — Major Shareholding Notification 2017

Jun 1, 2017

FORM 604

Corporations Act 2001 Section 671B

NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER

To: Company Name/Scheme

Company Name/Scheme HUB - Hub24 Limited ACN/ARSN 87 124 891 685

1. Details of Substantial Holder(1)

Name Acorn Capital Limited ACN/ARSN (if applicable) 082 694 531 There was a change in the interests of the 2/06/2017 substantial holder on The previous notice was given to the company on 18/11/2016 The previous notice was dated 18/11/2016

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:

Class of Securities (4)	Previous notice	Previous notice	Present Notice	Present Notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary	5,622,391	10.52%	4,517,957	8.22%

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:

Date of Change Person whose relevant Nature of Consideration given in Class and number of Person's votes interest changed change (6) relation to change (7) securities affected affected See Annexure A

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4. Present relevant interests

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

Holder of Relevant Interest		Registered Holder of Securities		Person Entitled to be Registered as Holder (8)	Nature of relevant interest	Nature of relevant interest	Class and	Person's
					(6)		Number of Securities	Votes
Acorn Capital Ltd		JP Morgan Chase Nominees		JP Morgan Chase Nominees	In its capacity as investment manager for various superannuation ~~f~~unds institutional	1,363,444		1,363,444
Acorn Capital Ltd		Citicorp Nominees		Citicorp Nominees	, investor portfolios and unit trusts has the power to exercise , or control of, a ~~r~~ight attached to the securities and has the power to dispose of, or control the exercise of a ~~p~~ower to dispose of, the securities.	1,468,796 1,685,717 1,468,796 1,685,717		1,468,796
Acorn Capital Ltd		BNP Paribas Securities Services Australia Branch		BNP Paribas Securities Services Australia Branch				1,685,717

5. Changes in Associates

The persons who have become associates (2) of, ceased to be associates, or have change the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Name of Association

6. Addresses

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

Name	Address
All Relevant Holders	C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000

Print Name	PAUL PALUMBO	Capacity	Portfolio Manager
Sign Here		Date	2/06/2017

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Annexure A

18-Nov-2016 to 02-Jun-2017

Entity Date Of Change 21/11/2016 Acorn Capital Ltd 28/11/2016 Acorn Capital Ltd 29/11/2016 Acorn Capital Ltd 30/11/2016 Acorn Capital Ltd 07/02/2017 Acorn Capital Ltd 08/02/2017 Acorn Capital Ltd 09/02/2017 Acorn Capital Ltd 23/02/2017 Acorn Capital Ltd 24/02/2017 Acorn Capital Ltd 06/03/2017 Acorn Capital Ltd 07/03/2017 Acorn Capital Ltd 09/03/2017 Acorn Capital Ltd 10/03/2017 Acorn Capital Ltd 13/03/2017 Acorn Capital Ltd 16/03/2017 Acorn Capital Ltd 30/03/2017 Acorn Capital Ltd 31/03/2017 Acorn Capital Ltd 03/04/2017 Acorn Capital Ltd 18/04/2017 Acorn Capital Ltd 19/04/2017 Acorn Capital Ltd 20/04/2017 Acorn Capital Ltd 21/04/2017 Acorn Capital Ltd 24/04/2017 Acorn Capital Ltd 22/05/2017 Acorn Capital Ltd 30/05/2017 Acorn Capital Ltd 31/05/2017 Acorn Capital Ltd	Quantity Consideration Type of Transaction -$111,881.25 -20,000 Sale -$1,158.72 -200 Sale -$107,275.67 -18,407 Sale -$89,957.00 -15,000 Sale -$215,199.89 -44,000 Sale -$235,381.89 -47,482 Sale -$26,874.44 -5,612 Sale $436,305.08 100,000 Purchase $492,561.10 112,860 Purchase -$59,563.00 -13,346 Sale -$1,558,493.69 -350,000 Sale -$117,634.74 -25,650 Sale -$123,542.18 -26,701 Sale $421,506.96 91,418 Purchase $29,354.42 6,619 Purchase $28,619.65 6,087 Purchase $74,011.19 15,527 Purchase -$205,778.68 -44,400 Sale -$23,007.54 -5,021 Sale -$15,972.87 -3,306 Sale -$24,041.91 -4,983 Sale -$22,187.13 -4,598 Sale -$154,526.11 -32,092 Sale -$255,653.55 -50,000 Sale -$3,266,684.25 -575,000 Sale -$858,694.83 -151,147 Sale	Quantity

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