LGI LIMITED — Major Shareholding Notification 2022

Oct 5, 2022

Form 603

Corporations Law Section 671B

Notice of initial substantial holder

To Company Name/Scheme

LGI LIMITED

ACN/ARSN 138 085 551

1. Details of substantial holder (1)

Name PERPETUAL LIMITED and its related bodies corporate

ACN (if applicable) 000 431 827

The holder became a substantial holder on _ 04_ / _10 / _ 2022 ****

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:

tails of voting powernumber of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an(2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:	tails of voting powernumber of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an(2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:	tails of voting powernumber of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an(2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:	tails of voting powernumber of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an(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 securitiesPersons’ votes (5)Voting power (6)
Ordinary4,666,6674,666,6675.29%

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
Refer annexure B

*Perpetual Limited and its related bodies corporate have a relevant interest arising from (a) the power to exercise, or control the exercise of, a right to vote attached to the securities, and (b) the power to dispose of, or exercise control over a power to dispose of, the securities.

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph above are as follows:

Holder of relevant interest	Registered holder ofsecurities	Persons entitled to beregistered as holder (8)	Class and number ofsecurities
Refer annexure B

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 ofsecurities
Refer annexure A		Cash	Non - Cash

• *Perpetual Limited and its related bodies corporate

6. Associates

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

sociatesons the persons named in paragraph 3 above are associates of the substantial holder are as follows:	sociatesons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
Name and ACN (if applicable)Nature of association
Perpetual Investment Management Limited (PIML)Related bodies corporate of Perpetual Limited
Perpetual Trustee Company Limited (PTCo)	Related bodies corporate of Perpetual Limited

7. Addresses

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

Name Address Perpetual Limited 18/123 Pitt Street Sydney, NSW 2000 Perpetual Investment Management Limited (PIML) 18/123 Pitt Street Sydney, NSW 2000 Perpetual Trustee Company Limited (PTCo) 18/123 Pitt Street Sydney, NSW 2000

==> picture [139 x 45] intentionally omitted <==

Signature

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----- Start of picture text ----- Print name Sylvie Dimarco Capacity COMPANY SECRETARY----- End of picture text -----

ANNEXURE A

CHANGES IN RELEVANT INTERESTS

Person whose relevant interest changed

HSBC Custody Nominees (Australia) Limited HSBC Custody Nominees (Australia) Limited HSBC Custody Nominees (Australia) Limited

Date	Nature ofChange	Price	Consideration(Cash)	Class (Ordinary) and #of securities affected	Person's voteaffected
04-Oct-22	Conversion	1.50	2,850,000	1,900,000	1,900,000
04-Oct-22	Conversion	1.50	2,850,000	1,900,000	1,900,000
04-Oct-22	Conversion	1.50	1,300,001	866,667	866,667

Annexure A - Page 1 of 1 referred to in Form 603

ANNEXURE B

PRESENT RELEVANT INTERESTS

Number of Number of Holder of relevant interest Registered holder securities Persons entitled to be registered holder securities votes PIML HSBC Custody Nominees (Australia) Limited HSBC Custody Nominees (Australia) Limited 4,666,667 4,666,667

Annexure B - Page 1 of 1 referred to in Form 603