JAYRIDE GROUP LIMITED — Major Shareholding Notification 2021

Nov 25, 2021

FORM 604 Corporations Act 2001 Section 671B

NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER

To: Company Name/Scheme

ACN/ARSN

JAY - Jayride Group Limited 49 155 285 528

1. Details of Substantial Holder(1)

Name Acorn Capital Limited ACN/ARSN (if applicable) 082 694 531 There was a change in the interests of the 15/11/2021 substantial holder on The previous notice was given to the company on 27/08/2021 The previous notice was dated 27/08/2021

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:

Class of Securities (4)	Previous notice	Previous notice	Present Notice	Present Notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary	11,904,762	6.75%	14,385,266	8.16%

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 of Change Person whose relevant Nature of Consideration given in Class and number of Person's votes interest changed change (6) relation to change (7) securities affected affected See Annexure A

4. Present relevant interests

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

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----- Start of picture text ----- Holder of Relevant Interest Registered Holder of Securities Person Entitled to be Nature of relevant interest (6) Class and Person'sRegistered as Holder (8) Number of VotesSecuritiesAcorn Capital Ltd State Street Bank and Trust State Street Bank and Trus t In its capacity as investment 922,228 922,228manager for varioussuperannuation funds, institutionalAcorn Capital Ltd Services Australia BranchBNP Paribas Securities Services Australia BranchBNP Paribas Securities i has the power to exercise , or nvestor portfolios and unit trusts 13,463,038 13,463,038control of, a right attached to thesecurities and has the power tod ispose of, or control the exerciseof a power to dispose of, thesecurities.----- End of picture text -----

5. Changes in Associates

The persons who have become associates (2) of, ceased to be associates, or have change the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Name of Association

6. Addresses

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

Name	Address
All Relevant Holders	C/O Acorn Capital Limited, Level 4, 2 Russell Street, Melbourne Victoria 3000

Print Name	PAUL PALUMBO	Capacity	Director
Sign Here		Date	26/11/2021

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Annexure A

This Annexure A referred to in the Form 604 Notice of Change of Interests of Substantial Holder signed by me and dated 26/11/2021

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.................................................. PAUL PALUMBO Director

27-Aug-2021 to 26-Nov-2021

Date Of Change	Person whose relevant interestchanged	Nature of Change	Consideration given inrelation to change	Consideration given inrelation to change	Consideration given inrelation to change	Consideration given inrelation to change	Person's votesaffected
02/09/202111/10/202112/10/202127/10/202101/11/202102/11/202111/11/202112/11/202115/11/2021	Acorn Capital LtdAcorn Capital LtdAcorn Capital LtdAcorn Capital LtdAcorn Capital LtdAcorn Capital LtdAcorn Capital LtdAcorn Capital LtdAcorn Capital Ltd	PurchaseSaleSalePurchasePurchasePurchasePurchasePurchasePurchase		$261,336.43-$17,058.26-$19,774.47$169,557.70$44,965.19$32,248.15$3,987.85$1,044.21$59,581.98		1,407,983ordinary shares-68,500ordinary shares-79,185ordinary shares650,000ordinary shares182,952ordinary shares138,252ordinary shares14,999ordinary shares4,003ordinary shares230,000ordinary shares	1,407,983-68,500-79,185650,000182,952138,25214,9994,003230,000

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