INSIGNIA FINANCIAL LTD — Major Shareholding Notification 2022

Jun 20, 2022

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Insignia Financial Ltd To Company Name/Scheme 100 103 722 ACN/ARSN 1. Details of substantial holder(1) YARRA CAPITAL MANAGEMENT LIMITED ACN 003 376 252 ( YCML ); YARRA MANAGEMENT Name NOMINEES PTY LTD ACN 616 681 068 ( YMN ); TA UNIVERSAL INVESTMENT HOLDINGS LTD ( UNIVERSAL );YARRA FUNDS MANAGEMENT LIMITED ACN 005 885 567 ( YFM ); YARRA CAPITAL MANAGEMENT HOLDINGS PTY LTD ACN 614 782 795 ( YCMH ); AA AUSTRALIA FINCO PTY LTD ACN 614 781 172 ( FINCO ); TA SP AUSTRALIA TOPCO PTY LTD ACN 612 486 452 ( TOPCO ); YARRA INVESTMENT MANAGEMENT LIMITED ACN 002 542 038 ( YIML ); TYNDALL EQUITIES AUSTRALIA LIMITED ACN 149 370 301 ( TEAL )

ACN/ARSN (if applicable) See above There was a change in the interests of the substantial holder on 17 / 06 / 22 The previous notice was given to the company on 22 / 10 / 2021 The previous notice was dated 22 / 10 / 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:

lows:
Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power (5)	Person’s votes	Voting power (5)
Ordinary Fully Paid Shares	62,731,874	9.6611%	47,378,983	7.2460%

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	Person whose relevant interest changed	Nature of change (6)	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Class and number of securities affected	Person’s votes affected
20 Oct 2021 to 17 June 2022	All substantial holders named in 1 above		Acquisition		$ 14,992,688.82	+ 4,027,554		+ 4,027,554
			Disposal		-$ 37,706,720.06	11,166,359		11,166,359
Present relevant interests articulars 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
All substantial holders named in 1 above		BNP Paribas Security Services Pty Ltd		YIML as the responsible entity/trustee for a range of managed investment schemes	Relevant interest held in YIML’s capacity as responsible entity/trustee for the range of funds they manage.		Ordinary Fully Paid Shares / 5,184,318	5,184,318
All substantial holders named in 1 above		BNP Paribas Securities Services; JPMorgan Nominees Australia Ltd; Citicorp Nominees Pty Limited; National Australia Bank Limited (NAB Custodian Services); HSBC Custody Nominees (Australia); State Street AustraliaLimited;Mizuho		Various clients	Relevant interest held in YCML and YFM’s capacity as investment manager for a range of client portfolios.		Ordinary Fully Paid Shares / 47,334,491	47,334,491

4. Present relevant interests

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

Trust & Banking Co.; UBS Nominees Pty Ltd

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
N/A

6. Addresses

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

Name	Address
YCMH	LEVEL 19, 101 COLLINS STREET, MELBOURNE VICTORIA 3000
YFM	LEVEL 19, 101 COLLINS STREET, MELBOURNE VICTORIA 3000
YMN	LEVEL 19, 101 COLLINS STREET, MELBOURNE VICTORIA 3000
FINCO	58 GIPPS STREET, COLLINGWOOD VICTORIA 3066
TOPCO	58 GIPPS STREET, COLLINGWOOD VICTORIA 3066
UNIVERSAL	3RD FLOOR, DEVONSHIRE HOUSE 1 MAYFAIR PLACE, LONDON W1J 8AJ, UNITED KINGDOM
YCML	ONE INTERNATIONAL TOWERS, LEVEL 26, 100 BARANGAROO AVENUE, BARANGAROO NSW 2000
YIML	ONE INTERNATIONAL TOWERS, LEVEL 26, 100 BARANGAROO AVENUE, BARANGAROO NSW 2000
TEAL	ONE INTERNATIONAL TOWERS, LEVEL 26, 100 BARANGAROO AVENUE, BARANGAROO NSW 2000

Signature

GARVIN LOUIE capacity COMPANY SECRETARY OF YCML print name

sign here date 21 / 06 / 2022

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.