JAYRIDE GROUP LIMITED — Major Shareholding Notification 2023

Jan 12, 2023

FORM 604 Corporations Act 2001 Section 671B

NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER

To: Company Name/Scheme

JAY - Jayride Group Limited

ACN/ARSN

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 13/01/2023 substantial holder on The previous notice was given to the company on 26/11/2021 The previous notice was dated 26/11/2021

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	14,136,264	8.16%	14,434,544	7.14%

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 relevantinterest changed	Nature ofchange (6)	Consideration given inrelation to change (7)	Class and number ofsecurities affected	Person's votesaffected
See Annexure A

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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 Trust In its capacity as investment 996,865 996,865manager for varioussuperannuation funds, institutionali nvestor portfolios and unit trustsAcorn Capital Ltd JP Morgan Chase Nominees JP Morgan Chase 4,827,022 4,827,022has the power to exercise , orNomineescontrol of, a right attached to thesecurities and has the power toAcorn Capital Ltd BNP Paribas Securities BNP Paribas Securities d ispose of, or control the exercise 8,610,657 8,610,657Services Australia Branch Services Australia Branch of 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	13/01/2023

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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 13/01/2023

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

26-Nov-2021 to 13-Jan-2023

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
12/01/202302/12/202229/11/202111/02/202210/03/2022	Acorn Capital LtdAcorn Capital LtdAcorn Capital LtdAcorn Capital LtdAcorn Capital Ltd	SalePurchaseDilutionSalePurchase		-$30,931.80$46,710.00N/A-$15,129.91$1,088.58		ordinary shares-200,000N/A-69,000ordinary shares6,217ordinary shares312,061ordinary shares	-200,000N/A-69,0006,217312,061

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