LGI LIMITED — Major Shareholding Notification 2024

May 21, 2024

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

LGI Limited (“LGI”) To Company Name/Scheme ACN/ARSN 138 085 551

1. Details of substantial

holder(1)

Name Robert McGavin ACN/ARSN (if applicable) N/A There was a change in the interests of the substantial holder on 20/5/24 The previous notice was given to the company on 6/10/22 The previous notice was dated 6/10/22

2. Previous and present voting power

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person’svotes	Voting power(5)	Person’svotes	Voting power(5)
FullyPaid OrdinaryShares(Shares)	10,207,279	11.56%	8,540,920	9.63%

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 are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
Refer AnnexureA	Refer AnnexureA	Refer AnnexureA	Refer AnnexureA	Refer AnnexureA	Refer AnnexureA

4. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
Robert McGavin	Picarra Holdings Pty Ltd Land A/c>	Picarra Holdings Pty Ltd	Relevant interest under section 608(2) of the Corporations Act as controller of Picarra Holdings Pty Ltd A/c>	8,398,064 Shares	8,398,064 Shares
Robert McGavin	RD & KA McGavin Pty Ltd KA McGavin S/F A/c>	RD & KA McGavin Pty Ltd S/F A/c>	Relevant interest under section 608(2) of the Corporations Act as controller of RD & KA McGavin Pty Ltd McGavinS/F A/c>	142,856 Shares	142,856 Shares

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed 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) Nature of association
6. Addresses
The addresses of persons named in this form are:
	Name Address
	Picarra Holdings Pty Ltd ACN 117 C/- Pitcher Partners, Level 19, 15 William Street, Melbourne VIC
	568724 3000
	RD & KA McGavin Pty Ltd <RD & KA PO BOX 290, Renmark SA 5341
	McGavinS/F A/c>
	Robert McGavincapacity
Signature
	print name date
	sign here date
	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 6 of the form.
(2)	See the definition of “associate” in section 9 of the Corporations Act 2001.
(3)	See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.
(4)	The voting shares of a company constitute one class unless divided into separate classes.
(5)	The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.
(6)	Include details of:
	(a) 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).
	(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.

ANNEXURE A

This is annexure ‘A’ referred to in Form 604, Notice of change of interests of substantial holder, lodged for Robert McGavin.

Entity	Registered Holder	Date	Transaction Type	Consideration (Cash)	Class (Ordinary) and number	Person’s vote affected
LGI	Picarra Holdings Pty Ltd	16/3/23	Off Market Sale	$1.50 per Share	54,000 Shares	54,000 Shares
LGI	Picarra Holdings Pty Ltd	29/5/23	Off Market Sale	$2.40 per Share	796,000 Shares	796,000 Shares
LGI	Picarra Holdings Pty Ltd	20/5/24	Off Market Sale	$2.85 per Share	800,000 Shares	800,000 Shares