HUB24 LIMITED — Major Shareholding Notification 2021

Nov 21, 2021

==> picture [95 x 27] intentionally omitted <==

22 November 2021

ASX Market Announcements ASX Limited Exchange Centre 20 Bridge Street, Sydney NSW 2000

Dear Sir/Madam,

Re: Notice of change of interests of substantial holder – Powerhouse Ventures Limited ASX: PVL

Please find attached a HUB24 Limited Form 604. HUB24 Limited wholly owns Xplore Wealth Pty Limited ( Xplore ), which in turn wholly owns Investment Administration Services Pty Ltd ( IAS ).

The previous notice was given to the ASX and the company on 4 August 2021 and was signed by the company secretary of Investment Administration Services Pty Ltd and Xplore Wealth Pty Ltd. As HUB24 Limited is the ultimate holding company of both Xplore and IAS, this notice and future notices of substantial holding changes for PVL will be lodged by HUB 24 Limited.

Yours sincerely,

==> picture [203 x 46] intentionally omitted <==

Andrew Brown Company Secretary HUB24 Limited

Level 2, 7 Macquarie Place, Sydney, NSW 2000 Australia E admin@HUB24.com.au T 1300 854 991 F 1300 781 689

HUB24.COM.AU

A GPO Box 529, Sydney, NSW 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Powerhouse Ventures Limited To Company Name/Scheme ARBN 612 076 169 ACN/ARSN 1. Details of substantial holder(1) HUB24 Limited ( HUB24 ) Name Investment Administration Services Pty Ltd ( IAS ) Xplore Wealth Pty Limited ( Xplore ) ACN/ARSN (if applicable) ABN 87 124 891 685 There was a change in the interests of the 19 November 2021 substantial holder on (HUB became aware of the change on 22 November 2021) The previous notice was given to the company 04 August 2021 on The previous notice was dated 04 August 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:

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person’svotes	Voting power(5)	Person’svotes	Voting power(5)
Ordinary Shares	13,332,781	14.38%	14,672,173	15.49%

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 are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
As set out in Annexure A	IAS	Increase in relevant interest through Managed Discretionary Account service for clients of IAS (as set out in Annexure A) and IDPS-like service Xplore Managed Account.	As set out in Annexure A	As set out in Annexure A	As set out in Annexure A

4. Present relevant interests

Particulars of each relevant interest 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 (6)	Class and number of securities	Person’s votes
Xplore Wealth Pty Ltd (“Xplore”) / IAS	JP Morgan (held as nominee for IAS Managed Discretionary Account clients)	JP Morgan (held as nominee for IAS Managed Discretionary Account clients)	The relevant interest is through Managed Discretionary Account service for IAS clients and the IDPS-like Scheme known as the Xplore Managed Account. IAS is the appointed Investment Manager for both schemes. Despite the authorisations granted to IAS under the client contract and the Investment Management Agreement for the Xplore Managed Account, in practice these powers are delegated to and exercised by the relevant investment manager appointed by IAS to manage the client’s portfolio. HUB24 has the same relevant interest as Xplore and IAS as Xplore and IAS are wholly owned subsidiaries of HUB24 and therefore it controls Xplore and IAS (section 608(3)(b) CorporationsAct).	14,672,173 for the group (as at the date of this notice).	14,672,173 for the group (as at the date of this notice),

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:

	Name andACN/ARSN(ifapplicable)		Nature ofassociation
6. Addresses
The addresses of persons named in this form are:
	Name		Address
	Xplore / IAS		Level 2, 7 Macquarie Place, Sydney NSW 2000
	JP Morgan		Level 15, 85 CastlereaghStreet, Sydney. NSW. 2000.
Signature
	print name
	Andrew Brown		capacity Company Secretary HUB24 Limited
	sign here
			date 22 November 2021

This is Annexure A of 1 page referred to in ASIC Form 604 lodged by HUB24 Limited.

==> picture [142 x 35] intentionally omitted <==

Andrew Brown Company Secretary HUB24 Limited 22 November 2021

Trade date	Settlement date	Trade type	Share Price	Quantity of shares
4/08/2021	6/08/2021	Buy	$0.1050	200,000
21/09/2021	23/09/2021	Sell	$0.1100	-80,608
19/10/2021	21/10/2021	Buy	$0.1250	263,427
20/10/2021	22/10/2021	Buy	$0.1200	156,573
11/11/2021	15/11/2021	Buy	$0.1100	290,910
12/11/2021	16/11/2021	Buy	$0.1050	129,709
16/11/2021	18/11/2021	Buy	$0.1100	379,381

1