MESOBLAST LTD — Major Shareholding Notification 2022

Aug 15, 2022

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ASX TO CROSS RELEASE: MSB

16 August 2022

BY ASX ONLINE - 8 pages

Manager Company Announcements ASX Limited Level 10 20 Bond Street SYDNEY NSW 2000

Dear Sir/Madam,

Notice of ceasing to be a substantial holder Mesoblast Limited [ASX:MSB]

On 12 August 2022 Mesoblast Limited completed a private placement to sophisticated and professional investors and issued shares which has resulted in dilution of TOP’s holding in MSB.

Following is a Form 605 Notice of ceasing to be a substantial holder dated 16 August 2022 in accordance with section 671B of the Corporations Act.

Yours sincerely,

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CRAIG SMITH ACIS, CPA Secretary

THORNEY OPPORTUNITIES LTD ABN 41 080 167 264

Level 39, 55 Collins St. Melbourne VIC 3000 Australia

Notice of ceasing to be a substantial holder

Form 605

Corporations Act 2001 Section 671B

To: company name/scheme ABN

MESOBLAST LTD 68 109 431 870

1. Details of substantial holder

THORNEY OPPORTUNITIES LTD and each of the associated Name entities listed in the attached Annexure ‘A’ to this notice. ACN 080 167 264

The holder ceased to be a substantial holder on

The previous notice was given to the company on

The previous notice was dated

11-Aug-22 31-Mar-17 31-Mar-17

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, relevant interests 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	Consideratio n given in relation to **Change **	Number and class of securities affected	Person’s votes affected
28-Mar-17	ThorneyTechnologies Ltd	Market sale	$Nil	75,000 ordinaryshares	75,000
	ThorneyOpportunities Ltd		$120,000.00	50,000 ordinaryshares	50,000
29-Mar-17	ThorneyTechnologies Ltd	Market sale	$Nil	8,800 ordinaryshares	8,800
30-Mar-17	ThorneyTechnologies Ltd	Market sale	$Nil	9,700 ordinaryshares	9,700
04-Apr-17	ThorneyTechnologies Ltd	Market sale	$Nil	31,500 ordinaryshares	31,500
11-Apr-17	ThorneyOpportunities Ltd	Market sale	$422,034.75	150,000 ordinaryshares	150,000
	ThorneyTechnologies Ltd		$Nil	150,000 ordinaryshares	150,000
21-Apr-17	ThorneyOpportunities Ltd	Market sale	$147,500.00	50,000 ordinaryshares	50,000
	ThorneyTechnologies Ltd		$Nil	50,000 ordinaryshares	50,000
24-Apr-17	ThorneyOpportunities Ltd	Market sale	$191,476.08	63,626 ordinaryshares	63,626
	ThorneyTechnologies Ltd		$Nil	63,626 ordinaryshares	63,626
	TIGA TradingPtyLtd		$Nil	60,050 ordinaryshares	60,050
26-Apr-17	ThorneyTechnologies Ltd	Market sale	$Nil	36,374 ordinaryshares	36,374
	ThorneyOpportunities Ltd		$116,127.63	36,374 ordinaryshares	36,374
	TIGA TradingPtyLtd		$Nil	21,200 ordinaryshares	21,200
27-Apr-17	ThorneyTechnologies Ltd	Market sale	$Nil	31,075 ordinaryshares	31,075
	ThorneyOpportunities Ltd		$104,760.44	31,075 ordinaryshares	31,075
	TIGA TradingPtyLtd		$Nil	2,435 ordinaryshares	2,435
04-May-17	TIGA TradingPtyLtd	Market purchase	$Nil	95,000 ordinaryshares	95,000
	ThorneyTechnologies Ltd		$Nil	95,000 ordinaryshares	95,000
05-May-17	ThorneyTechnologies Ltd	Marketpurchase	$Nil	50,000 ordinaryshares	50,000
16-May-17	TIGA TradingPtyLtd	Market purchase	$Nil	207,500 ordinaryshares	207,500
	ThorneyTechnologies Ltd		$Nil	124,500 ordinaryshares	124,500
	ThorneyOpportunities Ltd		$194,344.50	83,000 ordinaryshares	83,000
	Waislitz FamilyFoundation		$Nil	40,000 ordinaryshares	40,000
29-May-17	ThorneyOpportunities Ltd	Market purchase	$112,908.84	56,684 ordinaryshares	56,684
	TIGA TradingPtyLtd		$Nil	56,683 ordinaryshares	56,683
30-May-17	TIGA TradingPtyLtd	Market purchase	$Nil	5,817 ordinaryshares	5,817
	ThorneyOpportunities Ltd		$11,632.00	5,816 ordinaryshares	5,816
09-Jun-17	TIGA TradingPtyLtd	Marketpurchase	$Nil	114,832 ordinaryshares	114,832
13-Jun-17	TIGA TradingPtyLtd	Market purchase	$Nil	25,757 ordinaryshares	25,757
	Waislitz FamilyFoundation		$Nil	25,756 ordinaryshares	25,756

P a g e 2 | 8

2. Changes in relevant interests continued

Particulars of each change in, or change in the nature of, relevant interests 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	Consideration given in relation to Change	Class and number of securities affected	Person’s votes affected
14-Jun-17	TIGA TradingPtyLtd	Market purchase	$Nil	11,639 ordinaryshares	11,639
	Waislitz FamilyFoundation		$Nil	11,639 ordinaryshares	11,639
15-Jun-17	TIGA TradingPtyLtd	Market purchase	$Nil	37,604 ordinaryshares	37,604
	Waislitz FamilyFoundation		$Nil	37,605 ordinaryshares	37,605
04-Jul-17	TIGA TradingPtyLtd	Market sale	$Nil	37,384 ordinaryshares	37,384
	ThorneyOpportunities Ltd		$86,091.61	37,384 ordinaryshares	37,384
11-Jul-17	ThorneyOpportunities Ltd	Market purchase	$105,891.52	52,959 ordinaryshares	52,959
	TIGA TradingPtyLtd		$Nil	51,552 ordinaryshares	51,552
24-Jul-17	TIGA TradingPtyLtd	Market purchase	$Nil	20,000 ordinaryshares	20,000
	ThorneyOpportunities Ltd		$37,296.00	20,000 ordinaryshares	20,000
	ThorneyTechnologies Ltd		$Nil	20,000 ordinaryshares	20,000
25-Jul-17	ThorneyOpportunities Ltd	Market purchase	$89,084.60	50,000 ordinaryshares	50,000
	TIGA TradingPtyLtd		$Nil	50,000 ordinaryshares	50,000
31-Jul-17	Jasforce PtyLtd	Market purchase	$Nil	15,000 ordinaryshares	15,000
	Urban Land Nominees PtyLtd		$Nil	15,000 ordinaryshares	15,000
	Waislitz FamilyFoundation		$Nil	15,000 ordinaryshares	15,000
07-Aug-17	Jasforce PtyLtd	Market purchase	$Nil	15,000 ordinaryshares	15,000
	Waislitz FamilyFoundation		$Nil	15,000 ordinaryshares	15,000
14-Aug-17	Jasforce PtyLtd	Marketpurchase	$Nil	24,000 ordinaryshares	24,000
15-Aug-17	Jasforce PtyLtd	Marketpurchase	$Nil	6,000 ordinaryshares	6,000
22-Aug-17	Jasforce PtyLtd	Market purchase	$Nil	20,000 ordinaryshares	20,000
	Urban Land Nominees PtyLtd		$Nil	20,000 ordinaryshares	20,000
24-Aug-17	Urban Land Nominees PtyLtd	Market purchase	$Nil	30,000 ordinaryshares	30,000
	Waislitz FamilyFoundation		$Nil	25,000 ordinaryshares	25,000
04-Sep-17	TIGA TradingPtyLtd	Institutional rights issue	$Nil	428,986 ordinaryshares	428,986
	ThorneyHoldings PtyLtd		$Nil	1,194,348 ordinaryshares	1,194,348
	ThorneyOpportunities Ltd		$87,500.00	62,500 ordinaryshares	62,500
	ThorneyTechnologies Ltd		$Nil	79,869 ordinaryshares	79,869
18-Sep-17	Jasforce PtyLtd	Retail rights issue	$Nil	71,428 ordinaryshares	71,428
	Urban Land Nominees PtyLtd		$Nil	35,714 ordinaryshares	35,714
	Waislitz FamilyFoundation		$Nil	39,167 ordinaryshares	39,167
10-Oct-17	ThorneyOpportunities Ltd	Market sale	$52,050.00	30,000 ordinaryshares	30,000
12-Oct-17	ThorneyOpportunities Ltd	Market sale	$40,896.00	22,500 ordinaryshares	22,500
13-Oct-17	ThorneyOpportunities Ltd	Market sale	$18,800.00	10,000 ordinaryshares	10,000
02-Nov-17	ThorneyTechnologies Ltd	Market purchase	$Nil	61,706 ordinaryshares	61,706
	ThorneyOpportunities Ltd		$68,075.00	50,000 ordinaryshares	50,000
03-Nov-17	ThorneyTechnologies Ltd	Market purchase	$Nil	20,000 ordinaryshares	20,000
	ThorneyOpportunities Ltd		$26,400.00	20,000 ordinaryshares	20,000
06-Nov-17	Jasforce PtyLtd	Marketpurchase	$Nil	38,572 ordinaryshares	38,572
10-Nov-17	ThorneyTechnologies Ltd	Market purchase	$Nil	111,000 ordinaryshares	111,000
	ThorneyOpportunities Ltd		$100,035.00	81,000 ordinaryshares	81,000
	ThorneyHoldings PtyLtd		$Nil	2,595,000 ordinaryshares	2,595,000
	Jasforce PtyLtd		$Nil	121,000 ordinaryshares	121,000
	Waislitz FamilyFoundation		$Nil	101,833 ordinaryshares	101,833
	Urban Land Nominees PtyLtd		$Nil	81,000 ordinaryshares	81,000
13-Feb-18	Jasforce PtyLtd	Market purchase	$Nil	5,000 ordinaryshares	5,000
	Urban Land Nominees PtyLtd		$Nil	5,000 ordinaryshares	5,000
14-Feb-18	Jasforce PtyLtd	Market purchase	$Nil	2,500 ordinaryshares	2,500
	Urban Land Nominees PtyLtd		$Nil	2,500 ordinaryshares	2,500
26-Feb-18	ThorneyTechnologies Ltd	Market sale	$Nil	51,000 ordinaryshares	51,000
	ThorneyOpportunities Ltd		$171,649.50	101,000 ordinaryshares	101,000
01-Mar-18	ThorneyTechnologies Ltd	Market sale	$Nil	30,000 ordinaryshares	30,000
	ThorneyOpportunities Ltd		$95,040.00	50,000 ordinaryshares	50,000
	Waislitz FamilyFoundation		$Nil	61,000 ordinaryshares	61,000
05-Mar-18	ThorneyTechnologies Ltd	Market sale	$Nil	50,000 ordinaryshares	50,000

P a g e 3 | 8

2. Changes in relevant interests continued

Particulars of each change in, or change in the nature of, relevant interests 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	Consideration given in relation to Change	Class and number of securities affected	Person’s votes affected
01-Oct-18	ThorneyOpportunities Ltd	Market sale	$58,187.51	25,000 ordinaryshares	25,000
	Urban Land Nominees PtyLtd		$Nil	24,214 ordinaryshares	24,214
	Waislitz FamilyFoundation		$Nil	50,000 ordinaryshares	50,000
19-Nov-18	ThorneyTechnologies Ltd	Market purchase	$Nil	100,000 ordinaryshares	100,000
	Jasforce PtyLtd		$Nil	50,000 ordinaryshares	50,000
	Urban Land Nominees PtyLtd		$Nil	50,000 ordinaryshares	50,000
20-Nov-18	Jasforce PtyLtd	Marketpurchase	$Nil	25,052 ordinaryshares	25,052
21-Nov-18	Jasforce PtyLtd	Marketpurchase	$Nil	24,948 ordinaryshares	24,948
07-Dec-18	TIGA TradingPtyLtd	Market purchase	$Nil	160,000 ordinaryshares	160,000
	ThorneyTechnologies Ltd		$Nil	80,000 ordinaryshares	80,000
10-Dec-18	Jasforce PtyLtd	Market purchase	$Nil	61,500 ordinaryshares	61,500
	Waislitz FamilyFoundation		$Nil	50,000 ordinaryshares	50,000
11-Dec-18	ThorneyTechnologies Ltd	Market purchase	$Nil	200,000 ordinaryshares	200,000
	Jasforce PtyLtd		$Nil	25,000 ordinaryshares	25,000
12-Dec-18	ThorneyTechnologies Ltd	Market purchase	$Nil	40,000 ordinaryshares	40,000
	Jasforce PtyLtd		$Nil	25,000 ordinaryshares	25,000
14-Dec-18	Jasforce PtyLtd	Marketpurchase	$Nil	50,000 ordinaryshares	50,000
19-Dec-18	Jasforce PtyLtd	Marketpurchase	$Nil	25,000 ordinaryshares	25,000
27-Dec-18	Jasforce PtyLtd	Marketpurchase	$Nil	25,000 ordinaryshares	25,000
03-Jan-19	ThorneyOpportunities Ltd	Market sale	$66,355.00	50,000 ordinaryshares	50,000
04-Feb-19	Jasforce PtyLtd	Market purchase	$Nil	18,373 ordinaryshares	18,373
	Waislitz FamilyFoundation		$Nil	18,372 ordinaryshares	18,372
05-Feb-19	Jasforce PtyLtd	Market purchase	$Nil	31,627 ordinaryshares	31,627
	Waislitz FamilyFoundation		$Nil	31,628 ordinaryshares	31,628
08-Feb-19	Waislitz FamilyFoundation	Marketpurchase	$Nil	3,859 ordinaryshares	3,859
11-Feb-19	Waislitz FamilyFoundation	Marketpurchase	$Nil	6,141 ordinaryshares	6,141
19-Feb-19	Waislitz FamilyFoundation	Marketpurchase	$Nil	20,000 ordinaryshares	20,000
20-Mar-19	ThorneyTechnologies Ltd	Market sale	$Nil	75,000 ordinaryshares	75,000
21-Mar-19	ThorneyTechnologies Ltd	Market sale	$Nil	50,000 ordinaryshares	50,000
	Waislitz FamilyFoundation		$Nil	50,000 ordinaryshares	50,000
25-Jun-19	ThorneyTechnologies Ltd	Market sale	$Nil	70,000 ordinaryshares	70,000
26-Jun-19	ThorneyTechnologies Ltd	Market sale	$Nil	30,000 ordinaryshares	30,000
28-Jun-19	Waislitz FamilyFoundation	Market sale	$Nil	30,000 ordinaryshares	30,000
10-Sep-19	ThorneyOpportunities Ltd	Market sale	$170,640.00	100,000 ordinaryshares	100,000
16-Sep-19	ThorneyHoldings PtyLtd	Off market sale	$Nil	1,875,000 ordinaryshares	1,875,000
	TIGA TradingPtyLtd	Off market buy	$Nil	1,875,000 ordinaryshares	1,875,000
23-Sep-19	TIGA TradingPtyLtd	Market sale	$Nil	45,849 ordinaryshares	45,849
24-Sep-19	TIGA TradingPtyLtd	Market sale	$Nil	54,151 ordinaryshares	54,151
25-Sep-19	Waislitz FamilyFoundation	Market sale	$Nil	50,000 ordinaryshares	50,000
08-Oct-19	ThorneyTechnologies Ltd	Placement	$Nil	150,000 ordinaryshares	150,000
	ThorneyOpportunities Ltd		$1,000,000.00	500,000 ordinaryshares	500,000
	TIGA TradingPtyLtd		$Nil	1,850,000 ordinaryshares	1,850,000
17-Dec-19	ThorneyTechnologies Ltd	Market sale	$Nil	34,412 ordinaryshares	34,412
18-Dec-19	ThorneyTechnologies Ltd	Market sale	$Nil	15,588 ordinaryshares	15,588
19-Dec-19	ThorneyOpportunities Ltd	Market sale	$21,352.00	10,676 ordinaryshares	10,676
20-Dec-19	ThorneyOpportunities Ltd	Market sale	$178,468.00	89,234 ordinaryshares	89,234
	Urban Land Nominees PtyLtd		$Nil	25,000 ordinaryshares	25,000
24-Dec-19	Waislitz FamilyFoundation	Market sale	$Nil	25,000 ordinaryshares	25,000
06-Jan-20	ThorneyTechnologies Ltd	Market sale	$Nil	47,000 ordinaryshares	47,000
07-Jan-20	ThorneyTechnologies Ltd	Market sale	$Nil	45,000 ordinaryshares	45,000
	Waislitz FamilyFoundation		$Nil	25,000 ordinaryshares	25,000
17-Jan-20	Urban Land Nominees PtyLtd	Market sale	$Nil	25,000 ordinaryshares	25,000
	Waislitz FamilyFoundation		$Nil	30,000 ordinaryshares	30,000
20-Jan-20	ThorneyTechnologies Ltd	Market sale	$Nil	73,000 ordinaryshares	73,000

P a g e 4 | 8

2. Changes in relevant interests continued

Particulars of each change in, or change in the nature of, relevant interests 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	Consideration given in relation to Change	Class and number of securities affected	Person’s votes affected
22-Jan-20	ThorneyTechnologies Ltd	Market sale	$Nil	70,000 ordinaryshares	70,000
	Urban Land Nominees PtyLtd		$Nil	35,000 ordinaryshares	35,000
	Waislitz FamilyFoundation		$Nil	20,000 ordinaryshares	20,000
23-Jan-20	Urban Land Nominees PtyLtd	Market sale	$Nil	15,000 ordinaryshares	15,000
09-Apr-20	TIGA TradingPtyLtd	Market sale	$Nil	50,000 ordinaryshares	50,000
	ThorneyTechnologies Ltd		$Nil	25,000 ordinaryshares	25,000
	ThorneyOpportunities Ltd		$50,400.00	25,000 ordinaryshares	25,000
22-Apr-20	TIGA TradingPtyLtd	Marketpurchase	$Nil	15,000 ordinaryshares	15,000
24-Apr-20	TIGA TradingPtyLtd	Market sale	$Nil	100,000 ordinaryshares	100,000
27-Apr-20	Urban Land Nominees PtyLtd	Market sale	$Nil	15,000 ordinaryshares	15,000
28-Apr-20	TIGA TradingPtyLtd	Market purchase	$Nil	150,000 ordinaryshares	150,000
	Urban Land Nominees PtyLtd		$Nil	15,000 ordinaryshares	15,000
14-May-20	TIGA TradingPtyLtd	Market sale	$Nil	81,000 ordinaryshares	81,000
	ThorneyOpportunities Ltd		$101,061.01	27,000 ordinaryshares	27,000
	ThorneyTechnologies Ltd		$Nil	27,000 ordinaryshares	27,000
18-May-20	Urban Land Nominees PtyLtd	Placement	$Nil	65,000 ordinaryshares	65,000
	TIGA TradingPtyLtd		$Nil	2,960,000 ordinaryshares	2,960,000
	ThorneyOpportunities Ltd		$320,000.00	100,000 ordinaryshares	100,000
18-May-20	TIGA TradingPtyLtd	Market sale	$Nil	122,000 ordinaryshares	122,000
	ThorneyOpportunities Ltd		$93,572.24	23,090 ordinaryshares	23,090
	ThorneyTechnologies Ltd		$Nil	58,000 ordinaryshares	58,000
	Urban Land Nominees PtyLtd		$Nil	25,000 ordinaryshares	25,000
25-May-20	TIGA TradingPtyLtd	Market sale	$Nil	27,500 ordinaryshares	27,500
28-May-20	TIGA TradingPtyLtd	Market sale	$Nil	25,000 ordinaryshares	25,000
19-Jun-20	Waislitz FamilyFoundation	Market sale	$Nil	10,000 ordinaryshares	10,000
25-Jun-20	TIGA TradingPtyLtd	Marketpurchase	$Nil	75,000 ordinaryshares	75,000
29-Jun-20	TIGA TradingPtyLtd	Marketpurchase	$Nil	50,000 ordinaryshares	50,000
22-Jul-20	TIGA TradingPtyLtd	Marketpurchase	$Nil	145,000 ordinaryshares	145,000
04-Aug-20	TIGA TradingPtyLtd	Market sale	$Nil	130,000 ordinaryshares	130,000
	Waislitz FamilyFoundation		$Nil	15,000 ordinaryshares	15,000
	Urban Land Nominees PtyLtd		$Nil	25,000 ordinaryshares	25,000
05-Aug-20	TIGA TradingPtyLtd	Market sale	$Nil	15,000 ordinaryshares	15,000
10-Aug-20	ThorneyOpportunities Ltd	Market sale	$692,338.57	144,200 ordinaryshares	144,200
	ThorneyTechnologies Ltd		$Nil	61,800 ordinaryshares	61,800
	Waislitz FamilyFoundation		$Nil	31,500 ordinaryshares	31,500
	Urban Land Nominees PtyLtd		$Nil	15,000 ordinaryshares	15,000
	TIGA TradingPtyLtd		$Nil	40,000 ordinaryshares	40,000
11-Aug-20	TIGA TradingPtyLtd	Marketpurchase	$Nil	70,000 ordinaryshares	70,000
12-Aug-20	TIGA TradingPtyLtd	Marketpurchase	$Nil	82,000 ordinaryshares	82,000
14-Aug-20	ThorneyOpportunities Ltd	Market sale	$499,904.00	107,000 ordinaryshares	107,000
	TIGA TradingPtyLtd	Market sale	$Nil	152,000 ordinaryshares	152,000
	ThorneyTechnologies Ltd	Market sale	$Nil	43,000 ordinaryshares	43,000
	Waislitz FamilyFoundation	Market sale	$Nil	21,500 ordinaryshares	21,500
	TIGA TradingPtyLtd	Market sale	$Nil	200,000 ordinaryshares	200,000
17-Aug-20	TIGA TradingPtyLtd	Market sale	$Nil	9,505 ordinaryshares	9,505
	ThorneyOpportunities Ltd	Market sale	$242,536.00	48,800 ordinaryshares	48,800
28-Sep-20	Waislitz FamilyFoundation	Market sale	$Nil	22,000 ordinaryshares	22,000
02-Oct-20	TIGA TradingPtyLtd	Market purchase	$Nil	100,000 ordinaryshares	100,000
	ThorneyOpportunities Ltd		$637,582.33	215,000 ordinaryshares	215,000
	ThorneyOpportunities Ltd	Market sale	$746,750.00	215,000 ordinaryshares	215,000
13-Oct-20	TIGA TradingPtyLtd	Marketpurchase	$Nil	100,000 ordinaryshares	100,000
16-Oct-20	TIGA TradingPtyLtd	Market purchase	$Nil	54,006 ordinaryshares	54,006
	TIGA TradingPtyLtd		$Nil	97,500 ordinaryshares	97,500
19-Oct-20	TIGA TradingPtyLtd	Marketpurchase	$Nil	42,650 ordinaryshares	42,650
09-Nov-20	ThorneyOpportunities Ltd	Market purchase	$103,603.19	31,530 ordinaryshares	31,530
	ThorneyTechnologies Ltd		$Nil	31,531 ordinaryshares	31,531

P a g e 5 | 8

2. Changes in relevant interests continued

Particulars of each change in, or change in the nature of, relevant interests 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	Consideration given in relation to Change	Class and number of securities affected	Person’s votes affected
10-Nov-20	ThorneyOpportunities Ltd	Market purchase	$139,101.47	43,470 ordinaryshares	43,470
	ThorneyTechnologies Ltd		$Nil	43,469 ordinaryshares	43,469
24-Nov-20	TIGA TradingPtyLtd	Market sale	$Nil	55,000 ordinaryshares	55,000
	ThorneyOpportunities Ltd		$252,535.47	55,000 ordinaryshares	55,000
26-Nov-20	Waislitz FamilyFoundation	Market sale	$Nil	20,000 ordinaryshares	20,000
07-Dec-20	ThorneyOpportunities Ltd	Market sale	$317,100.00	70,000 ordinaryshares	70,000
15-Dec-20	TIGA TradingPtyLtd	Marketpurchase	$Nil	125,000 ordinaryshares	125,000
16-Dec-20	TIGA TradingPtyLtd	Marketpurchase	$Nil	80,000 ordinaryshares	80,000
29-Dec-20	TIGA TradingPtyLtd	Market purchase	$Nil	94,000 ordinaryshares	94,000
	ThorneyTechnologies Ltd		$Nil	64,000 ordinaryshares	64,000
	Waislitz FamilyFoundation		$Nil	42,000 ordinaryshares	42,000
02-Mar-21	TIGA TradingPtyLtd	Market sale	$Nil	102,957 ordinaryshares	102,957
09-Mar-21	TIGA TradingPtyLtd	Placement	$Nil	2,409,124 ordinaryshares	2,409,124
	ThorneyOpportunities Ltd		$750,000.10	326,087 ordinaryshares	326,087
	ThorneyTechnologies Ltd		$Nil	543,478 ordinaryshares	543,478
16-Mar-21	TIGA TradingPtyLtd	Market sale	$Nil	280,000 ordinaryshares	280,000
	ThorneyOpportunities Ltd		$99,104.00	40,000 ordinaryshares	40,000
	ThorneyTechnologies Ltd		$Nil	80,000 ordinaryshares	80,000
17-Mar-21	TIGA TradingPtyLtd	Market sale	$Nil	1,437 ordinaryshares	1,437
18-Mar-21	TIGA TradingPtyLtd	Market sale	$Nil	20,241 ordinaryshares	20,241
22-Mar-21	TIGA TradingPtyLtd	Market sale	$Nil	78,322 ordinaryshares	78,322
23-Mar-21	TIGA TradingPtyLtd	Market sale	$Nil	119,274 ordinaryshares	119,274
18-Jun-21	ThorneyOpportunities Ltd	Market sale	$112,444.67	48,455 ordinaryshares	48,455
	ThorneyTechnologies Ltd		$Nil	48,455 ordinaryshares	48,455
24-Jun-21	ThorneyHoldings PtyLtd	Market sale	$Nil	114,921 ordinaryshares	114,921
25-Jun-21	ThorneyHoldings PtyLtd	Market sale	$Nil	439,858 ordinaryshares	439,858
21-Jul-21	ThorneyOpportunities Ltd	Market sale	$758,138.68	387,632 ordinaryshares	387,632
23-Jul-21	ThorneyOpportunities Ltd	Market sale	$294,945.00	150,000 ordinaryshares	150,000
26-Jul-21	ThorneyOpportunities Ltd	Market sale	$96,470.00	50,000 ordinaryshares	50,000
	Jasforce PtyLtd		$Nil	26,000 ordinaryshares	26,000
03-Aug-21	ThorneyOpportunities Ltd	Market sale	$600,319.84	300,000 ordinaryshares	300,000
27-Oct-21	TIGA TradingPtyLtd	Market sale	$Nil	58,155 ordinaryshares	58,155
28-Oct-21	TIGA TradingPtyLtd	Market sale	$Nil	44,175 ordinaryshares	44,175
02-Nov-21	TIGA TradingPtyLtd	Market sale	$Nil	147,955 ordinaryshares	147,955
03-Nov-21	TIGA TradingPtyLtd	Market sale	$Nil	38,285 ordinaryshares	38,285
04-Nov-21	TIGA TradingPtyLtd	Market sale	$Nil	500,000 ordinaryshares	500,000
05-Nov-21	TIGA TradingPtyLtd	Market sale	$Nil	157,295 ordinaryshares	157,295
08-Nov-21	TIGA TradingPtyLtd	Market sale	$Nil	28,000 ordinaryshares	28,000
	TIGA TradingPtyLtd	Marketpurchase	$Nil	120,000 ordinaryshares	120,000
09-Nov-21	TIGA TradingPtyLtd	Market sale	$Nil	206,650 ordinaryshares	206,650
10-Nov-21	TIGA TradingPtyLtd	Marketpurchase	$Nil	41,731 ordinaryshares	41,731
16-Nov-21	TIGA TradingPtyLtd	Marketpurchase	$Nil	150,000 ordinaryshares	150,000
	TIGA TradingPtyLtd	Market sale	$Nil	107,165 ordinaryshares	107,165
17-Nov-21	TIGA TradingPtyLtd	Market sale	$Nil	12,995 ordinaryshares	12,995
19-Nov-21	TIGA TradingPtyLtd	Marketpurchase	$Nil	100,000 ordinaryshares	100,000
03-Dec-21	TIGA TradingPtyLtd	Marketpurchase	$Nil	200,000 ordinaryshares	200,000
10-Dec-21	TIGA TradingPtyLtd	Market sale	$Nil	250,000 ordinaryshares	250,000
16-Dec-21	TIGA TradingPtyLtd	Market sale	$Nil	256,105 ordinaryshares	256,105
17-Dec-21	TIGA TradingPtyLtd	Market sale	$Nil	418,940 ordinaryshares	418,940
21-Dec-21	TIGA TradingPtyLtd	Market sale	$Nil	562,115 ordinaryshares	562,115
22-Dec-21	TIGA TradingPtyLtd	Market sale	$Nil	1,475 ordinaryshares	1,475
	TIGA TradingPtyLtd	Marketpurchase	$Nil	157,656 ordinaryshares	157,656
30-Dec-21	TIGA TradingPtyLtd	Marketpurchase	$Nil	22,344 ordinaryshares	22,344
10-Jan-22	ThorneyTechnologies Ltd	Market sale	$Nil	77,000 ordinaryshares	77,000
01-Apr-22	Waislitz FamilyFoundation	Market sale	$Nil	22,000 ordinaryshares	22,000

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2. Changes in relevant interests continued

Particulars of each change in, or change in the nature of, relevant interests 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	Consideration given in relation to Change	Class and number of securities affected	Person’s votes affected
11-Apr-22	TIGA TradingPtyLtd	Market sale	$Nil	200,000 ordinaryshares	200,000
26-Apr-22	TIGA TradingPtyLtd	Marketpurchase	$Nil	128,432 ordinaryshares	128,432
27-Apr-22	TIGA TradingPtyLtd	Marketpurchase	$Nil	71,568 ordinaryshares	71,568
10-May-22	TIGA TradingPtyLtd	Market sale	$Nil	200,000 ordinaryshares	200,000
11-May-22	TIGA TradingPtyLtd	Marketpurchase	$Nil	76,360 ordinaryshares	76,360
12-May-22	TIGA TradingPtyLtd	Marketpurchase	$Nil	123,640 ordinaryshares	123,640
24-Jun-22	Jasforce PtyLtd	Market sale	$Nil	50,000 ordinaryshares	50,000
28-Jun-22	Jasforce PtyLtd	Market sale	$Nil	24,000 ordinaryshares	24,000
09-Aug-22	TIGA TradingPtyLtd	Market sale	$Nil	500,000 ordinaryshares	500,000
	TIGA TradingPtyLtd		$Nil	500,000 ordinaryshares	500,000
	TIGA TradingPtyLtd		$Nil	400,000 ordinaryshares	400,000
11-Aug-22	TIGA TradingPtyLtd	Market sale	$Nil	300,000 ordinaryshares	300,000
12-Aug-22	ThorneyTechnologies Ltd	Placement	$Nil	466,667 ordinaryshares	466,667
	TIGA TradingPtyLtd		$Nil	2,600,000 ordinaryshares	2,600,000
	Jasforce PtyLtd		$Nil	266,667 ordinaryshares	266,667

3. 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

Nature of association

N/A

While there has been no change in association in respect of any of the entities listed in this notice since the last substantial holder notice was given, for completeness, we note that each of the entities listed in Annexure “A” to this notice are ‘associates’ in respect of the Company pursuant to section 12(2)(a)(iii) of the Act_by virtue of them being commonly controlled by Mr Alex Waislitz who, pursuant to section 50AA of the_Act, has the capacity to determine the outcome of decisions about the financial and operating policies of each of those entities. In addition, Mr Alex Waislitz holds, directly or indirectly, a relevant interest of 50% or more in each of Jasforce,Waislitz Charitable Corporation,EarlyForce and Jamahjo.

4. Addresses

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

Name	Address
ThorneyOpportunities Ltd	Level 39, 55 Collins Street, Melbourne 3000
TIGA TradingPtyLtd ACN 118 961 210	Level 39, 55 Collins Street, Melbourne 3000
ThorneyHoldings ProprietaryLimited ACN 006 262 835	Level 39, 55 Collins Street, Melbourne 3000
ThorneyTechnologies Ltd ACN 096 782 188	Level 39, 55 Collins Street, Melbourne 3000
Jasforce Pty Ltd, ACN 017 167 713 as trustee for the Alex Waislitz RetirementPlan	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
Urban Land Nominees Pty Ltd ACN 004 753 066	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
Waislitz Charitable Corporation Pty Ltd, ACN 163 623 612 as trusteefortheWaislitz FamilyFoundation	Level 39, 55 Collins Street, Melbourne 3000
Alex Waislitz	Level 39, 55 Collins Street, Melbourne 3000

Signature

Print name CRAIG SMITH ACIS, CPA Capacity SECRETARY Sign here Date: 16 August 2022

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ANNEXURE ‘A’

This is Annexure A referred to in the Form 604 Notice of change of interests of substantial holder signed by me and dated 10 January 2022.

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.........................................

CRAIG SMITH Secretary

SUBSTANTIAL HOLDERS - ENTITY DETAILS

	Associated Entities	Address
	Thorney Investment Group
	Jamahjo Pty Ltd, ACN 117 488 696 as trustee for the Halex Family Trust	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Thistle Custodians PtyLtd, ACN 078 027 193	Level 39, 55 Collins Street, Melbourne 3000
	Thistle Holdings PtyLtd, ACN 075 051 464	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyAlpha PtyLtd, ACN 162 820 537	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyBeta PtyLtd, ACN 162 828 677	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyHoldings PtyLtd, ACN 006 262 835	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyInternational PtyLtd, ACN 132 886 698	Level 39, 55 Collins Street, Melbourne 3000
	Thorney Investment Group Australia Pty Ltd, ACN 117 488 892	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyManagement Services PtyLtd, ACN 164 880 148	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyOmega PtyLtd, ACN 163 964 636	Level 39, 55 Collins Street, Melbourne 3000
	Tiga PropertyPtyLtd, ACN 117 811 453	Level 39, 55 Collins Street, Melbourne 3000
	Tiga(Ballarat)PtyLtd, ACN 117 812 030	Level 39, 55 Collins Street, Melbourne 3000
	Tiga Finance PtyLtd, ACN 118 521 412	Level 39, 55 Collins Street, Melbourne 3000
	Tiga(Hawthorn)PtyLtd, ACN 126 952 663	Level 39, 55 Collins Street, Melbourne 3000
	Tiga Tails PtyLtd, ACN 080 534 416	Level 39, 55 Collins Street, Melbourne 3000
	Tiga TradingPtyLtd, ACN 118 961 210	Level 39, 55 Collins Street, Melbourne 3000
	Other associates
	Early Force Pty Ltd, ACN 103 134 363 as trustee for the Alex Waislitz PropertyInvestment Trust	Level 39, 55 Collins Street, Melbourne 3000
	Jamah Investments Pty Ltd, ACN 093 388 928 as trustee for the Jamah Investment Trust	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Jasforce Pty Ltd, ACN 017 167 713 as trustee for the Alex Waislitz Retirement Plan	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	ThorneyTechnologies Ltd , ACN 096 782 188	Level 39, 55 Collins Street, Melbourne 3000
	Two Towers Pty Ltd, ACN 134 730 546	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Urban Land Nominees Pty Ltd, ACN 004 753 066	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Waislitz Charitable Corporation Pty Ltd, ACN 163 623 612 as trustee for the Waislitz FamilyFoundation	Level 39, 55 Collins Street, Melbourne 3000

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