HUB24 LIMITED — Major Shareholding Notification 2021

Jan 14, 2021

THORNEY OPPORTUNITIES LTD ACN 080 167 264

CROSS RELEASE ASX: HUB

15 January 2021

BY ASX ONLINE - 5 pages

Manager Company Announcements ASX Limited Level 10 20 Bond Street SYDNEY 2000

Dear Sir/Madam,

Notice of initial substantial holder HUB24 Limited [ASX:HUB]

Following is a Form 603 Notice of initial substantial holder dated 15 January 2021 in accordance with section 671B of the Corporations Act.

Please note that this notice was not lodged within 2 business days of 5 November 2020 as required due to administrative oversight. The Investment Manager has conducted a review of its internal procedures and systems and identified areas of improvement which is expected to prevent the issue from occurring again.

Yours sincerely,

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CRAIG SMITH ACIS, CPA Secretary

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone + 61 3 9921 7116 Facsimile + 61 3 9921 7100

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To: company name/s HUB24 LTD ABN 87 124 891 685

1. Details of substantial holder

Name[THORNEY OPPORTUNITIES LTD ] in the attached Annexure ‘A’ to this notice.[and each of the entities listed ] ACN (if applicable) 080 167 264

The holder became a substantial holder on

5-Nov-20

2. Details of 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 had a relevant interest in on the date the substantial holder became of substantial holder are as follows:

Class of Securities	Number of securities	Person’s votes	Voting power
Fully paid ordinary shares	5,806,797	5,779,078	8.63%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest	Number and class of securities
Thorney Opportunities Ltd	Beneficial owner of voting shares	52,281 ordinary shares
Associates:
	Beneficial owner of voting shares	5,150,297 ordinary shares
Thorney Investment Group	Deemed relevant interest in shares held by
	Thorney Opportunities Ltd by virtue of section	52,281 ordinary shares
	608(3)(b)of the Corporations Act 2001
Jasforce Pty Ltd	Beneficial owner of voting shares	576,500 ordinary shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of	Person entitled to be	Number and class of
	securities	registered as holder	securities
Thorney Opportunities Ltd	UBS Nominees Pty Ltd	Thorney Opportunities Ltd	52,281 ordinary shares
	UBS Nominees Pty Ltd	TIGA Trading Pty Ltd	351,797 ordinary shares
Thorney Investment Group	HSBC Custody Nominees(Australia)Ltd	Thorney HoldingsProprietaryLimited	4,798,500 ordinary shares
	UBS Nominees Pty Ltd	Thorney Opportunities Ltd	80,000 ordinary shares
Jasforce Pty Ltd	Jasforce Pty Ltd	Jasforce Pty Ltd	576,500 ordinary shares

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5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Cash consideration	Number and class of securities
TIGA Trading Pty Ltd	5-Nov-20	$Nil	162,537 ordinary shares
Thorney Opportunities Ltd		$20.00 per share	125,000 ordinary shares
TIGA Trading Pty Ltd	30-Nov-20	$Nil	1,500 ordinary shares
Thorney Holdings Pty Ltd		$Nil	1,500 ordinary shares
Jasforce Pty Ltd		$Nil	1,500 ordinary shares
Thorney Opportunities Ltd	08-Jan-21	$22.50 per share	431 ordinary shares
Thorney Opportunities Ltd	11-Jan-21	$22.50 per share	24,004 ordinary shares
Thorney Opportunities Ltd	14-Jan-21	$22.54 per share	20,565 ordinary shares
Thorney Opportunities Ltd	15-Jan-21	$23.13 per share	27,719 ordinary shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name	Nature of association
Refer associated entities details in Annexure A	Under the_Corporations Act 2001_the entities listed in Annexure A are deemedassociates of Thorney Opportunities Ltd in relation to the investment in HUB24Limited

7. Addresses

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

Name	Address
ThorneyOpportunities Ltd	Level 39,55 Collins Street,Melbourne 3000
Associated entities	Refer Annexure ‘A’

Signature

Print name CRAIG SMITH ACIS, CPA Capacity SECRETARY Sign here Date 15 January 2021

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ANNEXURE ‘A’

This is Annexure A referred to in the Form 603 Notice of initial substantial holder signed by me and dated 15 January 2021.

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......................................... CRAIG SMITH Secretary

ASSOCIATED ENTITIES DETAILS

	Entity	Entity	Address	Address	Address
	Thorney Investment Group
	Jamahjo Pty Ltd, ACN 117 488 696		c/- Wilson Pateras, Ground Floor, 40 River Boulevard,Richmond 3121
	Thistle Custodians Pty Ltd, ACN 078 027 193		Level 39, 55 Collins Street, Melbourne 3000
	Thistle Holdings Pty Ltd, ACN 075 051 464		Level 39, 55 Collins Street, Melbourne 3000
	Thorney Alpha Pty Ltd, ACN 162 820 537		Level 39, 55 Collins Street, Melbourne 3000
	Thorney Beta Pty Ltd, ACN 162 828 677		Level 39, 55 Collins Street, Melbourne 3000
	Thorney Holdings Pty Ltd, ACN 006 262 835		Level 39, 55 Collins Street, Melbourne 3000
	Thorney International Pty Ltd, ACN 132 886 698		Level 39, 55 Collins Street, Melbourne 3000
	Thorney Investment Group Australia Pty Ltd,ACN 117 488 892		Level 39, 55 Collins Street, Melbourne 3000
	Thorney Management Services Pty Ltd ACN 164 880 148		Level 39, 55 Collins Street, Melbourne 3000
	,		, ,
	Thorney Omega Pty Ltd, ACN 163 964 6	6	Level 39, 55 Collins Stree	t, Melbourne 3000
	Tiga Property Pty Ltd, ACN 117 811 453		Level 39, 55 Collins Stree	t, Melbourne 3000
	Tiga (Ballarat) Pty Ltd, ACN 117 812 030		Level 39, 55 Collins Stree	t, Melbourne 3000
	Tiga Finance Pty Ltd, ACN 118 521 412		Level 39, 55 Collins Stree	t, Melbourne 3000
	Tiga (Hawthorn) Pty Ltd, ACN 126 952 66	3	Level 39, 55 Collins Stree	t, Melbourne 3000
	Tiga Tails Pty Ltd, ACN 080 534 416		Level 39, 55 Collins Stree	t, Melbourne 3000
	Tiga Trading Pty Ltd ACN 118 961 210		Level 39 55 Collins Stree	t Melbourne 3000
	,		,	,
	Other Associates
			c/- Wilson Pateras Groun	d Floor 40 River Bouleva	d,
	Jasforce Pty Ltd, ACN 007 167 713		,Richmond 3121	,

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