MCPHERSON'S LIMITED — Major Shareholding Notification 2021

Apr 6, 2021

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Level 2, 5 Martin Place Sydney NSW 2000 +61 13 51 53 lennoxcapitalpartners.com.au

7 April 2021

The Manager Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000

By electronic lodgement

Dear Sir/Madam

Re: Notice of ceasing to be a substantial holder – McPherson’s Limited (MCP)

We enclose notice of ceasing to be a substantial holder in McPherson’s Limited. This notice is given by Lennox Capital Partners Pty Limited.

Yours faithfully

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Sophie Gowland Company Secretary

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme McPherson's Limited ACN/ARSN 004 068 419

1. Details of substantial holder (1)

Name

ACN/ARSN (if applicable)

Lennox Capital Partners Pty Limited

617 001 966

The holder ceased to be a substantial holder on 01/04/2021 The previous notice was given to the company on 04/11/2020 The previous notice was dated 04/11/2020

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
Refer Annexure 1	Lennox Capital Partners Pty Limited	Refer Annexure 1	Refer Annexure 1	Refer Annexure 1	Refer Annexure 1

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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 N/A N/A

4. Addresses

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

Name Address Lennox Capital Partners Pty Limited Level 2, 5 Martin Place, Sydney NSW 2000

Signature

print name Sophie Gowland Capacity Company Secretary sign here date 07/04/2021

DIRECTIONS

(1) If there area 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 4 of the form.

(2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

(3) See the definition of "associate" in section 9 of the Corporations Act 2001.

(4) 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.

(5) 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 of 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.

(6) The voting shares of a company constitute one class unless divided into separate classes.

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

Annexure 1 consists of 1 page and is referred to in Form 605 signed by me and dated 07/04/2021

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[Insert Signature Here]
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Sophie Gowland Company Secretary of Lennox Capital Partners Pty Limited

Transactions:

Company Name/Scheme: McPherson's Limited (MCP) As at: 01/04/2021 Class of security: Ordinary Fully Paid

Date of Change	Holder of relevant interest	Nature of Change	Consideration	Number of Securities	Person's Votes Affected
29/01/2021	Lennox Capital Partners PtyLimited	Sell	14,968	‐10,893	10,893
29/01/2021	As above	Sell	60,814	‐44,257	44,257
29/01/2021	As above	Sell	13,972	‐10,168	10,168
29/01/2021	As above	Buy	243,860	177,508	177,508
18/03/2021	As above	Sell	177,648	‐142,609	142,609
19/03/2021	As above	Sell	73,677	‐59,798	59,798
01/04/2021	As above	Sell	817,892	‐575,980	575,980
01/04/2021	As above	Sell	731,793	‐515,347	515,347
01/04/2021	As above	Sell	1,473,812	‐1,037,896	1,037,896
01/04/2021	As above	Sell	1,214,020	‐854,944	854,944

Total Number of Securities -3,074,384

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