MICRO-X LIMITED — Major Shareholding Notification 2021

Nov 25, 2021

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Micro-X Ltd ACN/ARSN: 21 153 273 735 Source: Australian Business Register 1. Details of substantial holder (1) Name: Perennial Value Management Limited (PVM) ACN/ARSN (if applicable) 22 090 879 904 There was a change in the interest of the substantial holder on 24 November 2021 The previous notice was given to the company on 30 July 2021 The previous notice was dated 29 July 2021

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 relavant interest (3) in when last required, and when now required to give a substantial holding notice to the company or scheme, are as follows:

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Class of securities (4) Previous notice Present notice
Person's votes Voting Power (%) (5) Person's votes Voting Power (%) (5)
Ordinary 62,041,316 13.50 67,472,215 14.66
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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	Nature of change (6)	Consideration given in	Consideration given in	Class & number of		Person's votes affected
				interest changed		relation to change (7)		securities affected
			30/07/2021	BNP Paribas Securities	Buy On the Market	$	1,500,479.26	4,903,527		4,903,527
				Services
			30/07/2021	BNP Paribas Securities	Buy On the Market	$	10,130.98		33,209	33,209
				Services
			30/07/2021	National Asset Servicing	Sell On the Market	$	882,064.28	2,882,563		2,882,563
			30/07/2021	National Asset Servicing	Sell On the Market	$	471,500.71	1,540,852		1,540,852
			30/07/2021	National Asset Servicing	Sell On the Market	$	146,914.27		480,112	480,112
			4/08/2021	National Asset Servicing	Buy On the Market	$	24,808.18		80,000	80,000
			4/08/2021	National Asset Servicing	Buy On the Market	$	34,515.25		109,897	109,897
			27/08/2021	National Asset Servicing	Buy On the Market	$	5,641.28		20,143	20,143
			30/08/2021	National Asset Servicing	Buy On the Market	$	44,493.73		156,084	156,084
			31/08/2021	National Asset Servicing	Buy On the Market	$	342.04		1,194	1,194
			3/09/2021	National Asset Servicing	Buy On the Market	$	10,812.72		37,931	37,931
			7/09/2021	National Asset Servicing	Buy On the Market	$	44,349.02		157,343	157,343
			8/09/2021	National Asset Servicing	Buy On the Market	$	113,371.80		388,840	388,840
			14/09/2021	National Asset Servicing	Buy On the Market	$	24,459.00		82,786	82,786
			14/09/2021	National Asset Servicing	Buy On the Market	$	149,075.67		504,574	504,574
			15/09/2021	National Asset Servicing	Buy On the Market	$	267,893.18		906,119	906,119
			15/09/2021	National Asset Servicing	Buy On the Market	$	43,953.54		148,668	148,668
			16/09/2021	National Asset Servicing	Buy On the Market	$	8,394.37		28,393	28,393
			16/09/2021	National Asset Servicing	Buy On the Market	$	1,377.14		4,658	4,658
			17/09/2021	National Asset Servicing	Buy On the Market	$	57,486.25		192,908	192,908
			20/09/2021	National Asset Servicing	Buy On the Market	$	1,917.87		6,286	6,286
			21/09/2021	National Asset Servicing	Buy On the Market	$	62,508.46		215,499	215,499
			21/09/2021	National Asset Servicing	Buy On the Market	$	21,077.70		72,741	72,741
			21/09/2021	National Asset Servicing	Buy On the Market	$	10,255.79		35,357	35,357
			27/09/2021	National Asset Servicing	Buy On the Market	$	158,149.67		504,968	504,968
			27/09/2021	National Asset Servicing	Buy On the Market	$	99,468.35		317,600	317,600
			8/11/2021	National Asset Servicing	Buy On the Market	$	88,134.85		284,232	284,232
			24/11/2021	National Asset Servicing	Buy On the Market	$	256,135.44		853,903	853,903
			24/11/2021	National Asset Servicing	Buy On the Market	$	86,257.85		287,566	287,566

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	Person entitled to be	Nature of relevant	Nature of relevant	Class & number of	Class & number of	Person's votes	Person's votes
	securities	registered as holder (8)	interest (6)		securities (Ord)
Perennial Value Management Limited	National Asset Servicing	National Asset Servicing		57,535,479		57,535,479		57,535,479
Perennial Value Management Limited	BNP Paribas Securities Services	BNP Paribas Securities Services		9,936,736		9,936,736			9,936,736

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 & ACN Nature of association Not applicable

6. Addresses

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

Name	Address
Perennial Value Management Ltd	Level 27, 88 Phillip St Sydney NSW 2000
Micro-X Ltd	Micro-X Ltd1 Dalmore Drive, Scoresby, Vic
Signature Print Name	Bill Anastasopoulos Capacity	Company Secretary
Sign Here	Date	25/11/2021

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