LION SELECTION GROUP LIMITED. — Director's Dealing 2019

May 21, 2019

22 May 2019

ASX RELEASE : LSX

Change in Director’s Interest in Lion Selection Group Limited (LSX)

On 21 May 2019 certain directors of LSX and Lion Manager Pty Ltd increased their holdings in the Company by way of on-market purchase.

Following these recent transactions, direct and indirect ownership of LSX by LSX board and management has increased to a total of 18.72%.

The transactions were:

• purchase by Robin Widdup of 937,500 LSX at 32cps;

• purchase by Chris Melloy of 156,250 LSX at 32cps;

• purchase by Lion Manager Pty Ltd of 625,000 LSX at 32cps.

Robin Widdup has a 40% ownership of Lion Manager Pty Ltd and as such, in accordance with section 608 of the Corporations Act 2001, he is deemed to hold 100% of the shares purchased by Lion Manager Pty Ltd.

Lion Manager Pty Ltd intends to make a distribution of the 625,000 LSX to its ultimate shareholders.

	Shares	%
Robin Widdup1	16,542,232	11.02
Other Board & Management	Shares	%
Chris Melloy	5,718,077	3.81
Peter Maloney	1,940,389	1.29
CraigSmyth2	1,286,152	0.86
HedleyWiddup2	977,368	0.65
Tim Markwell2	823,717	0.55
BarrySullivan	813,074	0.54
TOTAL LSX HOLDINGS OF BOARD & MANAGEMENT	28,101,009	18.72

1 Robin Widdup has a 40% ownership interest in Lion Manager Pty Ltd which is the holder of 625,000 LSX shares.

2 Each of Craig Smyth, Tim Markwell and Hedley Widdup has a 20% ownership interest in Lion Manager.

Lion Selection Group Limited ABN 26 077 729 572 Level 2, 175 Flinders Lane, Melbourne Vic 3000 T: +61 3 9614 8008 F: +61 3 9614 8009 www.lsg.com.au

Further enquiries: Jane Rose Investor Relations Manager E: jrose@lsg.com.au

Page 2

With respect to the attached:

• Appendix 3Y – Change of Director’s Interest Notice; and

• Form 604 – Notice of Change of Interests of Substantial Holder;

note that Robin Widdup has a 40% ownership interest in Lion Manager Pty Ltd and is not personally entitled to the full 100% interest in the 1,562,500 LSX shares as implied by these notices.

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	LION SELECTION GROUP LIMITED
ABN	26 077 729 572

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	ROBIN ANTHONY WIDDUP
Date of last notice	28 December 2018

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Robin Anthony Widdup is a beneficiary of registered holder Robin Anthony Widdup & Janet Widdup . Robin Anthony Widdup has a relevant interest in registered holder Rojana Hero Pty Ltd. Robin Anthony Widdup has a relevant interest in registered holder WWW Management Pty Ltd . Robin Anthony Widdup has a relevant interest in registered holder Lion Manager Pty Ltd
Date of change	21/05/2019
No. of securities held prior to change	14,979,732
Class	Ordinary shares
Number acquired	1,562,500

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.32 per share
No. of securities held after change	16,542,232 ordinary shares and 234,572 options expiring 12 April 2020 with an exercise price of $0.50
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On market trade

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

604 GUIDE page 1/1 13 March 2000

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

Lion Selection Group Limited

ACN/ARSN

077 729 572

1. Details of substantial holder (1)

Name ACN/ARSN (if applicable)

Robin Anthony Widdup and Janet Widdup

There was a change in the interests of the substantial holder on 21/05/2019 The previous notice was given to the company on 31/07/2018 The previous notice was dated 31/07/2018

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	14,724,732	9.81	16,542,232	11.02

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 relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
13/12/2018	Robin Anthony Widdup	On-market purchase	37 cents per share	100,000	100,000
14/12/2018	Robin Anthony Widdup	On-market purchase	37 cents per share	100,000	100,000
19/12/2018	Robin Anthony Widdup	On-market purchase	36 cents per share	35,000	35,000
21/12/2018	Robin Anthony Widdup	On-market purchase	35.5 cents per share	20,000	20,000
21/05/2019	Robin Anthony Widdup	On-market purchase	32 cents per share	1,562,500	1,562,500

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
Robin Anthony Widdup	WWW Management Pty Ltd	WWW Management Pty Ltd	Robin Anthony Widdup and Janet Widdup are beneficiaries of WWW Management Pty Ltd	Ordinary fully paid 1,608,603	1,608,603
Robin Anthony Widdup and Janet Widdup	Robin Anthony Widdup and Janet Widdup Super Fund A/C>	Robin Anthony Widdup and Janet Widdup Super Fund A/C>	Robin Anthony Widdup and Janet Widdup are beneficiaries of the Widdup Super Fund	Ordinary fully paid 7,219,369	7,219,369
Robin Anthony Widdup	Rojana Hero Pty Ltd	Rojana Hero Pty Ltd	Robin Anthony Widdup and Janet Widdup have a relevant interest in these securities under s608(3)(a) of the Corporations Act	Ordinary fully paid 7,089,260	7,089,260
Robin Anthony Widdup	Lion Manager Pty Ltd	Lion Manager Pty Ltd	Robin Anthony Widup has a deemed relevant interest in these securities under s608(3)a) of the Corporations Act.	Ordinary fully paid 625,000	625,000

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 as follows:

	Name	Address
	Robin Anthony Widdup and Janet Widdup	Level 2, 175 Flinders Lane, Melbourne
	Rojana Hero PtyLtd	Level 2, 175 Flinders Lane, Melbourne
	WWW Management PtyLtd	Level 2, 175 Flinders Lane, Melbourne
	Lion Manager PtyLtd	Level 2, 175 Flinders Lane, Melbourne

Signature

print name sign here	ROBIN ANTHONY WIDDUP capacity
	Date 22/05/2019

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 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.

• (7) 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 on 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.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write “unknown’”.

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