HUB24 LIMITED — Major Shareholding Notification 2021

May 23, 2021

604 Page 1 of 2 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme HUB24 Limited ACN/ARSN 124 891 685

1. Details of substantial holder (1)

Name Hyperion Asset Management

ACN/ARSN (if applicable) 080 135 897

There was a change in the interests of the substantial holder on 20/05/2021 The previous notice was given to the company on 18/05/2021 The previous notice was dated 18/05/2021

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		Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
ORDINARY FULLY PAID	5,686,388	8.32%	4,989,922	7.30%
			REFER TO ANNEXURE A

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 interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
REFER TO ANNEXURE B

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
REFER TO ANNEXURE C

604 Page 2 of 2 15 July 2001

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 and ACN/ARSN (if applicable)	Nature of association
N/A

6. Addresses

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

Name	Address
REFER TO ANNEXURE D

Signature

print name CALVIN KWOK capacity COMPANY SECRETARY sign here date 24/05/2021

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the 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 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) 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

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or 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.

• (7) 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.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

HUB24 Limited	HUB24 Limited	HUB24 Limited	HUB24 Limited	HUB24 Limited
Annexure A
Holder of relevant interest	Nature of relevant interest	Number of securities	Class of securities
Hyperion Asset Management Limited	Hyperion Asset Management Limited in its capacity as investment manager has the power to control voting and/or disposal of securities.	4,989,922	ORDINARY FULLY PAID

This is Annexure "A" as mentioned in form 604 Notice of change of interests of substantial holder

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Calvin Kwok Company Secretary Date: 24/05/2021

Annexure B - Purchases and Sales From 15 May 2021 to 20 May 2021

HUB.ASX

HUB.ASX
FromDate	ToDate	Person Whose Relevant Interest Changed	Nature of Change	Consideration	Number of Securites
15-May-21	20-May-21	BNP Paribas Australia Ltd		0.00	0
15-May-21	20-May-21	BNY Mellon Pty Ltd		0.00	0
15-May-21	20-May-21	Citicorp Nominees Pty Limited	SELL	-15,603,124.23	-678,177
15-May-21	20-May-21	JP Morgan Chase Nominees Pty Ltd		0.00	0
15-May-21	20-May-21	National Nominees Ltd		0.00	0
15-May-21	20-May-21	RBC Investor Services Pty Limited	SELL	-5,741.56	-247
15-May-21	20-May-21	Northern Trust Pty Ltd	SELL	-419,389.90	-18,042
15-May-21	20-May-21	State Street Australia PtyLtd		0.00	0
Signed by:				-16,028,255.69	-696,466

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Mr C Kwok Capacity: Company Secretary Date: 24-May-21

Annexure C - Registered Holders As at: 20-May-21 HUB.ASX

Holder of Relevant Interest	Registered Holder of Security	Nature of Relevant Interest	Class and Number of Securities	Personal Votes
		Hyperion Asset Management Limited, in its capacity as Investment Manager or in its own holdings
Hyperion	BNP Paribas Australia Ltd	for the persons or trusts listed beside its name, has the power to control voting and /or the	875,001 Ordinary Full Paid	875,001
		disposal of securities
		Hyperion Asset Management Limited, in its capacity as Investment Manager or in its own holdings
Hyperion	BNY Mellon Pty Ltd	for the persons or trusts listed beside its name, has the power to control voting and /or the	63,967 Ordinary Full Paid	63,967
		disposal of securities
		Hyperion Asset Management Limited, in its capacity as Investment Manager or in its own holdings
Hyperion	Citicorp Nominees Pty Limited	for the persons or trusts listed beside its name, has the power to control voting and /or the	2,323,645 Ordinary Full Paid	2,323,645
		disposal of securities
		Hyperion Asset Management Limited, in its capacity as Investment Manager or in its own holdings
Hyperion	JP Morgan Chase Nominees Pty Ltd	for the persons or trusts listed beside its name, has the power to control voting and /or the	386,071 Ordinary Full Paid	386,071
		disposal of securities
		Hyperion Asset Management Limited, in its capacity as Investment Manager or in its own holdings
Hyperion	RBC Investor Services Pty Limited	for the persons or trusts listed beside its name, has the power to control voting and /or the	133,712 Ordinary Full Paid	133,712
		disposal of securities
		Hyperion Asset Management Limited, in its capacity as Investment Manager or in its own holdings
Hyperion	Northern Trust Pty Ltd	for the persons or trusts listed beside its name, has the power to control voting and /or the	113,581 Ordinary Full Paid	113,581
		disposal of securities
		Hyperion Asset Management Limited, in its capacity as Investment Manager or in its own holdings
Hyperion	State Street Australia Pty Ltd	for the persons or trusts listed beside its name, has the power to control voting and /or the	1,093,945 Ordinary Full Paid	1,093,945
		disposal of securities
Signed by:				4,989,922
	Mr C Kwok
Capacity:	Company Secretary
Date:	24-May-21

HUB24 Limited Annexure D	HUB24 Limited Annexure D
Name	Address
Hyperion Asset Management Limited	Level 19, 307 Queen St, Brisbane QLD 4000, Australia

This is Annexure "D" as mentioned in form 604 Notice of change of interests of substantial holder

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Calvin Kwok Company Secretary Date: 24/05/2021