HUB24 LIMITED — Major Shareholding Notification 2021

Mar 25, 2021

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	ECP Asset Management Pty Ltd (and its associated entities)
ACN/ARSN (if applicable)	158 527 582
There was a change in the interests of the substantial holder on	25/03/2021
The previous notice was given to the company on	18/03/2020
The previous notice was dated	18/03/2020

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)	Parson's votes	Voting power (5)
Fully paid ordinary	5,957,630	9.5%	7.154.548	10.5%
	------- -------		--

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

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
	SEE 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 socurities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	. Person's votes
	SEE ANNEXURE "B"

$\overline{4}$

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:

-- :ACN/AP and applicable) √SM. Nŀ. агле	. or association чнине ---
n.a. --- _________	n.a. .

6. Addrossos

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

. Name	Address
ECP Asset Management Pty Ltd	. Suite 5, Level 3, 343 George St, Sydney NSW 2000
EC Pohl & Co Ptv Ltd .	Level 12, 2 Corporate Court Bundall OLD 4217

Signature

DIRECTIONS

• 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 $(1)$ 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.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• Include details of: $(6)$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(4) applies, a $\left( n\right)$ 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
• 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 $(b)$ 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.

• 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, $(7)$ 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.
• 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". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

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Hub24 Limited (ACN 124 891 685) Annexure A

Date of Change	Person whose relevant interest changed	Nature of change	Consideration	Number of Securities	Class
18/03/2020-25/03/2021	BNP Paribas Ltd	On-market trades - BUY	\$32,871,656	1,751,110 Ord F/P
18/03/2020-25/03/2021	BNP Paribas Ltd	On-market trades - SELL	$-$ \$26,999,031 $-$	1,126,840 Ord F/P
18/03/2020-25/03/2021	Citicorp Nominees Limited	On-market trades - BUY	\$6,562,299	436,452 Ord F/P
18/03/2020-25/03/2021	Citicorp Nominees Limited	On-market trades - SELL	$-53,822,855$ -	169,811 Ord F/P
18/03/2020-25/03/2021	JP Morgan Chase Nominees Pty Ltd	On-market trades - BUY	\$6,663,625	351,427 Ord F/P
18/03/2020-25/03/2021	JP Morgan Chase Nominees Pty Ltd	On-market trades - SELL	$-$ \$1,885,159 $-$	76,082 Ord F/P
18/03/2020-25/03/2021	National Asset Servicing	On-market trades - BUY	\$651,503	33,474 Ord F/P
18/03/2020-25/03/2021	National Asset Servicing	On-market trades - SELL	$-$ \$69,626 -		2,812 Ord F/P

TOTAL \$13,972,413 1,196,918

The investment portfolios managed by ECP Asset Management Pty Ltd are constructed from high quality growth businesses that we believe are able to generate above-average economic returns over the long term. The allocation of capital between investments is determined by our forecast IRR. Any individual movements should not be construed as an endoresment or criticism for a particular company.

This is Annexure "A" of 1 page as mentioned in form 604 Notice of change of interests of substantial holder

Emmanuel Pohl

Date: 26-Mar-21

$#$ $\omega$

$\Rightarrow$

Annexure B
	HUB24 LIMITED (ACN 124 891 685)
	Holder of Relevant Interest Registered Holder of Securities	Person entitled to be Registered - Nature of Relevant Interest as Holder		Holding Class
ECP Assel Management	BNP Paribas Ltd	BNP Parlas LM	Investment Discretion and Voting Power	d.640.101 Ordinary Fully Paid
ECP Asset Management	Cilicorp Nominees Limited	Citicorp Nominees Limited	Investment Discretion and Voling Power	127,807 Ordinary Fully Paid
EC Pohl & Co	Citicorp Nominees Limited	Citicorp Nominees Limited	Investment Discretion and Voting Power	1,399,317 Ordinary Fully Paid
ECP Asset Management	JP Morgan Chase Nominees Ply Ltd	Nominees Phy Ltd IP Morgan Chase	Investment Discretion and Voting Power	P55,871 Ordinary Fully Paid
ECP Asset Management	National Asset Servicing	National Asset Servicing	Investment Discretion and Voting Power	31,452 Ordinary Fully Paid
				7,154,548
		This is Annexure "B" of 1 page as mentioned in form 604 Notice of change of interests of substantial holder

Complete Carpenter

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26-March-2021 Date: