MACH7 TECHNOLOGIES LIMITED — Major Shareholding Notification 2019

Feb 27, 2019

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

Mach 7 Technologies Limited ACN 007 817 192

1. Details of substantial holder

Name

Oceania Capital Partners Limited ACN 111 554 360 and its related bodies corporate ( OCP ) HCI Australian Operations Pty Ltd ACN 147 513 620 and its related bodies corporate ( HCIAO ) HCI Investments Australia Pty Ltd ACN 147 513 139 and its related bodies corporate (HCIIA)

There was a change in the interests of the substantial holder on 27 February 2019 The previous notice was given to the company on 15 November 2017 The previous notice was dated 15 November 2017

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 had a relevant interest 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	Previous Notice	Previous Notice	Present notice	Present notice
	Person's votes	Voting power	Person's votes	Voting power
Ordinary shares	11,428,541	8.79% (based on 129,971,355 shares)	11,242,455	7.62% (based on 147,468,164 shares)

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	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
11/12/2017	OCP, HCIIA & HCIAO	Off-market purchase by OCP	$0.175 /share	30	30
12/12/2017	OCP, HCIIA & HCIAO	Off-market purchase by OCP	$0.20 /share	994,582	994,582
18/02/2019	OCP, HCIIA & HCIAO	On-market sale by OCP	$0.205 /share	82,732	82,732
18/02/2019	OCP, HCIIA & HCIAO	On-market sale by OCP	$0.20 /share	221,200	221,200
18/02/2019	OCP, HCIIA & HCIAO	On-market sale by OCP	$0.195 /share	30,000	30,000
20/02/2019	OCP, HCIIA & HCIAO	On-market sale by OCP	$0.21 /share	1,203	1,203
20/02/2019	OCP, HCIIA & HCIAO	On-market sale by OCP	$0.205 /share	54,797	54,797
21/02/2019	OCP, HCIIA & HCIAO	On-market sale by OCP	$0.205 /share	300,000	300,000
25/02/2019	OCP, HCIIA & HCIAO	On-market sale by OCP	$0.20 / share	123,971	123,971
26/02/2019	OCP, HCIIA & HCIAO	On-market sale by OCP	$0.20 / share	78,795	78,795

K-DRIVE/DTR

26/02/2019	OCP, HCIIA & HCIAO	On-market sale by OCP	$0.195 / share	34,000	34,000
27/02/2019	OCP, HCIIA & HCIAO	On-market sale by OCP	$0.20 / share	254,000	254,000

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	Nature of relevant interest	Class and number of securities	Person's votes
OCP	OCP	OCP	Holder of ordinary shares	Ordinary shares	11,242,455
HCIAO	OCP	OCP	Relevant interest holder under sections 608(1)(b), 608(1)(c) and 608 (3) of the Corporations Act through control of OCP	ordinary shares	11,242,455
HCIIA	OCP	OCP	Relevant interest holder under sections 608(1)(b), 608(1)(c) and 608 (3) of the Corporations Act through control of OCP	ordinary shares	11,242,455

5. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association 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
Not applicable	Not applicable

6. Addresses

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

Name	Address
OCP	Suite 57, 14 Narabang Way, Belrose NSW 2085
HCIAO	Suite 57, 14 Narabang Way, Belrose NSW 2085
HCIIA	Suite 57, 14 Narabang Way, Belrose NSW 2085

Signature

print name Lionel Baldwin capacity Company Secretary of OCP and person authorised to provide holding notifications sign here date 28 February 2019

K-DRIVE/DTR