MACH7 TECHNOLOGIES LIMITED — Major Shareholding Notification 2016

Jun 5, 2016

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme Mach7 Technologies Limited

ACN/ARSN ACN 007 817 192

1. Details of substantial holder (1)

Name Ravindran Krishnan ACN/ARSN (if applicable) The holder became a substantial holder on 8 April 2016

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:

Class of securities(4)	Number of securities	Person’s votes(5)	Voting power(6)
OrdinaryShares	57,805,614	57,805,614	6.46%

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
Ravindran	Krishnan	Holder of relevant interest under section608(1)(a) of the Corporations Act.	57,805,614 Ordinary Shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant	Registered holder of	Person entitled to be	Class and number
interest	securities	registered as holder(8)	of securities
Ravindran Krishnan	Ravindran Krishnan	Ravindran Krishnan	57,805,614 OrdinaryShares

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 relevantinterest	Date of acquisition	Consideration (9)	Consideration (9)	Class and numberof securities
		Cash	Non-cash
Ravindran Krishnan	8 April 2016	N/A	As consideration for theCompany's acquisition ofshares in Mach7Technologies Pte Ltd fromRavindran Krishnan, at adeemed price of$0.10 per Share.	57,805,614 OrdinaryShares