LARK DISTILLING CO. LTD — Major Shareholding Notification 2021

Oct 20, 2021

Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

To: Lark Distilling Co Ltd ACN/ARSN: 62 104 600 544 Source: Australian Business Register Name: Perennial Value Management Limited ACN: 22 090 879 904 The holder became a substantial shareholder on: 19 October 2021

2. Details of Voting Power

The total number of votes attached to all the voting shares in the company or voting interest in the scheme that the substantial holder or an associate had a relevant interest in on the date the substantial holder are as follows:

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Class of securities Number of securities Person’s votes Voting Power (%)
Ordinary 3,450,667 3,450,667 5.47
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
susbstantial holder are as follows:
Holder of relevant interest Nature of relevenat interest Class & number of securities (Ord)
Perennial Value Management Investment Manager 3,450,667
Limited
4. Details of present registered holders
The persons registered as holders of the securities referred to paragraph 3 above are as follows:
Holder of relevant interest Registered holder of securities Person entitled to be registered as Class & number of
holder securities (Ord)
Perennial Value Management 3,450,667
National Asset Servicing National Asset Servicing
Limited
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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 susbstantial holder are as follows:

5. Consideration

The consideration paid for each relevant interest referred to 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			Class & and	number of
			Cash		Non-cash	securities
National Asset Servicing		7/07/2021	$	229,914.00			61,005
National Asset Servicing		14/07/2021	$	82,675.67			19,233
National Asset Servicing		30/08/2021	$	392,251.56			81,756
National Asset Servicing		30/08/2021	$	30,533.40			6,364
National Asset Servicing		31/08/2021	$	3,415.80			716
National Asset Servicing		31/08/2021	$	87,119.25			18,110
National Asset Servicing		31/08/2021	$	23,085.29			4,839
National Asset Servicing		31/08/2021	$	588,865.47			122,411
National Asset Servicing		31/08/2021	$	12,508.70			2,622
National Asset Servicing		31/08/2021	$	319,050.77			66,323
National Asset Servicing		7/09/2021	$	484,671.51			105,329
National Asset Servicing		7/09/2021	$	217,945.49			47,364
National Asset Servicing		7/09/2021	$	53,331.40			11,590
National Asset Servicing		9/09/2021	$	29,142.10			6,657
National Asset Servicing		9/09/2021	$	13,102.34			2,993
National Asset Servicing		9/09/2021	$	3,208.82			733
National Asset Servicing		13/09/2021	$	6,520.58			1,485
National Asset Servicing		13/09/2021	$	2,933.17			668
National Asset Servicing		13/09/2021	$	715.72			163
National Asset Servicing		14/09/2021	$	43,337.65			10,149
National Asset Servicing		19/10/2021	$	193,294.31			38,574

National	Asset	Servicing	19/10/2021	$	1,059,716.26		211,478
National	Asset	Servicing	19/10/2021	$	1,104,454.47		220,406
National	Asset	Servicing	19/10/2021	$	1,665,766.64		332,422
National	Asset	Servicing	19/10/2021	$	1,007,842.39		201,126
National	Asset	Servicing	19/10/2021	$	310,331.23		61,930

6. Associates

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

Name & ACN	Nature of association
Not applicable

7. Addresses

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

Name		Address
Perennial Value Management	Level 27, 88 Phillip St
Limited	Sydney NSW 2000
Lark Distilling Co Ltd	Lark Distilling Co. LtdLevel 1 283 George Street, Sydney, Nsw 2000

Signature

Print	Name Bill Anastasopoulos Capacity Company Secretary
Sign	Date 20/10/2021 Here