LARK DISTILLING CO. LTD — Major Shareholding Notification 2021

Oct 21, 2021

==> picture [83 x 81] intentionally omitted <==

==> picture [141 x 23] intentionally omitted <==

ASX ANNOUNCEMENT

22 October 2021

Ceasing to be a substantial holder notice

Lark Distilling Co. Ltd (ASX; LRK) ( Lark or Company ) advises that following the issuance of share in the Company under its recent Placement, Mr Geoff Bainbridge’s holding in the Company has been diluted to 4.80% and as such attached is a Form 605 – Ceasing to be a substantial holder as required by the ASX.

It is noted that Mr Bainbridge has subscribed for 572,000 shares under the Company’s Conditional Placement which is subject to Shareholder approval at the upcoming Annual General Meeting to be held on Monday, 29 November 2021. Following this issue, the completion of the Share Purchase Plan and issue of Consideration shares under the recently announced Acquisition, Mr Bainbridge’s shareholding will be approximately 5.4%. At this time a further substantial shareholder notice will be lodged by Mr Bainbridge.

Authorised by and for more information contact:

Analysts/Investors

Melanie Leydin (Company Secretary) +613 9692 7222 mleydin@leydinfreyer.com.au

30 Argyle St Hobart TAS 7000 - ABN 62 104 600 544 - larkdistilling.com - +61 3 6231 9088

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme Lark distilling Co. Ltd (“LRK”)

ACN/ARSN 104 600 544

1. Details of substantial holder (1)

Name Geoff Bainbridge and associated entities

ACN/ARSN (if applicable) N/A

The holder ceased to be a substantial holder on

22 October 2021

The previous notice was given to the company on 24 February 2021

The previous notice was dated 24 February 2021

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 interest changed	Nature of Change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person’s votes affected
12/03/2021 to 22/10/2021	Geoff Bainbridge	Dilution in holding following issuance of shares by the Company including Placement	Nil	3,474,033 FPOs	3,474,033

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

4. Addresses

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

The addresses of persons named in this form are as follows:
Name	Address
Mr Geoff Bainbridge	202 Page Street, Middle Park, Vic, 3206
GJ Bainbridge Super Fund Pty Ltd A/C>	202 Page Street, Middle Park, Vic, 3206
Bainbridge Family Pty Ltd	202 Page Street, Middle Park, Vic, 3206

Signature

re
print name sign here	Geoff Bainbridge capacity Individual & Director
	date 22.10.2021

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 4 of the form.

• (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) 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.

• (5) 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.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.