JAYRIDE GROUP LIMITED — Major Shareholding Notification 2018

Jan 30, 2018

603 page 1/2

15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme JAYRIDE GROUP LIMITED (ASX: JAY) ACN/ARSN 155 285 528 1. Details of substantial holder (1) Name YIFAT SHIRBEN ACN/ARSN (if applicable) N/A The holder became a substantial holder on 29 / 01 / 2018

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 (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Persons’ votes (5)	Voting power (6)
Fully Paid Ordinary Shares(FPO)	10,746,216	10,746,216	14.23%

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 (7)	Class and number of securities
ANDREY SHIRBEN	Indirect: Andrey Shirben is Yifat Shirben’s spouse.	317,700 FPO
FOLLOW THE SEED AUSTRALIA P/L	Indirect: Follow The Seed Australia is a venture capital fund of which Andrey Shirben is a principal.	8,463,612 FPO
SYD VENTURES INC	Indirect: SYD Ventures Inc is controlled byAndrey Shirben.	1,771,488 FPO
RICH ORIENTAL COMPANY LIMITED	Indirect: Rich Oriental Company is controlled byAndreyShirben.	168,000 FPO
YiFAT SHIRBEN	Direct	25,416 FPO

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 securities	Person entitled to be registered as holder (8)	Class and number of securities
FOLLOW THE SEED AUSTRALIA P/L ILP0000146>	FOLLOW THE SEED AUSTRALIA P/L ILP0000146>	FOLLOW THE SEED AUSTRALIA P/L THE SEED ILP0000146>	8,463,612 FPO
SYD VENTURES INC	SYD VENTURES INC	SYD VENTURES INC	1,771,488 FPO
ANDREY SHIRBEN	ANDREY SHIRBEN	ANDREY SHIRBEN	317,700 FPO
RICH ORIENTAL COMPANY LIMITED	RICH ORIENTAL COMPANY LIMITED	RICH ORIENTAL COMPANY LIMITED	168,000 FPO
YiFAT SHIRBEN	YiFAT SHIRBEN	YiFAT SHIRBEN	25,416 FPO

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	Consideration (9)	Consideration (9)	Class and number of securities
Andrey Shirben	18 December 2017 (Acquired in conversion of existing Employee Options)	Cash $37,775	Non-cash Nil.	317,700 FPO
Andrey Shirben	17 January 2018	Cash $2,000	Non-cash Nil.	4,000 FPO

25,416 FPO

Yifat Shirben

18 December 2017 Cash Non-cash (Acquired in conversion $3,022 Nil. of existing Employee Options)

6. Associates

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

Name and ACN/ARSN (if applicable)	Nature of association
ANDREY SHIRBEN	Andrey Shirben is Yifat Shirben’s spouse.
FOLLOW THE SEED AUSTRALIA P/L	Andrey Shirben is a principal of Follow The Seed Australia.
RICH ORIENTAL COMPANY LIMITED	Andrey Shirben controls Rich Oriental Company Limited.
SYD VENTURES INC	Andrey Shirben controls SYD Ventures Inc.

7. Addresses

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

Name	Address
ANDREY SHIRBEN	9 TENNYSON AVENUE, TURRAMURRA NSW 2074
FOLLOW THE SEED AUSTRALIA PTY LTD	9 TENNYSON AVENUE, TURRAMURRA NSW 2074
RICH ORIENTAL COMPANY LIMITED	3/F JONSIM PALACE 228 QUEENS ROAD EAST WANCHAI HONGKONGHKG
SYD VENTURES INC	MORGAN & MORGAN BUILDING, PASEA ESTATE, PO BOX 4649, ROAD TOWN TORTOLA, BRITISH VIRGIN ISLANDS,VGB
YIFAT SHIRBEN	9 TENNYSON AVENUE, TURRAMURRA NSW 2074

Signature

YIFAT SHIRBEN capacity INDIVIDUAL print name sign here date 30 JANUARY 2018

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 7 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 total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

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

• (7) Include details of:

• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. 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.

• (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) 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.