IDP EDUCATION LIMITED — Major Shareholding Notification 2021

Aug 26, 2021

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

IDP Education Limited

ACN/ARSN

117 676 463

1. Details of substantial holder (1) Name Education Australia Limited ACN/ARSN (if applicable) 008 597 831

There was a change in the interests of the substantial holder on 26/08/2021 The previous notice was given to the company on 29/06/2020 The previous notice was dated 29/06/2020

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:

	Previous notice		Present notice
Class of securities (4)	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Fully paid ordinary shares	111,964,481	40.23%	69,768,000	25.07%

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 ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person’s votesaffected
		Disposal of fully
		paid ordinary shares
26 August2021	Education AustraliaLimited	announced by IDPEducation LimitedACN 117 676 463	$1,158,574,793.25	41,750,443 fully paidordinary shares	41,750,443
		(IEL) on 26 August
		2021.
		Reduction of the
		shares held by IDP
		Education
		Employee Share
Between thedate of thepreviousnotice and 26August 2021	Education AustraliaLimited	Scheme Trust (inwhich IEL has arelevant interest asa result of theoperation of section608(3)(a) of the	N/A	446,038 fully paidordinary shares (basedon IEL's Appendix 4Ethat was provided toASX on 25 August2021)	446,038
		Corporations Act)
		since the substantial
		holder lodged its
		previous notice.

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4. Present relevant interests

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

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person’s votes
EducationAustraliaLimited	Education AustraliaLimited	Education AustraliaLimited	Holder of securitieswith disposal andvoting power undersection 608(1)(a) ofthe Corporations Act.	69,584,042 fully paidordinary shares	69,584,042
EducationAustraliaLimited	IEL	IDP EducationEmployee ShareScheme Trust	Education AustraliaLimited has a relevantinterest in shares inwhich IEL has arelevant interest as aresult of the operationof section 608(3)(a) ofthe Corporations Act(as at this date,Education AustraliaLimited has votingpower of over 20% inIEL).	183,958 fully paidordinary shares (basedon IEL's Appendix 4Ethat was provided toASX on 25 August2021)	183,958

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:

NameandACN/ARSN(ifapplicable)	Nature of association
N/A	N/A

6. Addresses

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

Name	Address
Education Australia Limited	Level 14, 60 Margaret St, SydneyNSW 2000

Signature

print name Nigel Banks	capacity	Company Secretary
sign here	date	27 August 2021

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