MICRO-X LIMITED — Major Shareholding Notification 2025

Feb 20, 2025

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 18 February 2025 The previous notice was given to the company on 28 February 2024 The previous notice was dated 28 February 2024

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:

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person's votes	Voting Power(%) (5)	Person's votes	Voting Power(%) (5)
Ordinary	60,628,240	11.69	86,540,365	12.90

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 (6)	Consideration given in relation to change (7)	Class & number of securities affected	Person's votes affected
28/02/2024	HSBC	Buy on the Market	$ 22,197.16	192,595	192,595
28/02/2024	HSBC	Buy on the Market	$ 18,908.06	164,057	164,057
29/02/2024	HSBC	Buy on the Market	$ 23,752.84	206,093	206,093
29/02/2024	HSBC	Buy on the Market	$ 20,233.13	175,554	175,554
1/03/2024	HSBC	Buy on the Market	$ 44,867.17	390,403	390,403
12/03/2024	HSBC	Sell on the Market	$ 26,994.06	200,000	200,000
13/03/2024	HSBC	Sell on the Market	$ 39,051.41	300,000	300,000
15/03/2024	HSBC	Sell on the Market	$ 8,398.15	70,000	70,000
20/03/2024	HSBC	Sell on the Market	$ 16,796.30	140,000	140,000
25/03/2024	HSBC	Buy on the Market	$ 14,552.12	121,241	121,241
25/03/2024	HSBC	Buy on the Market	$ 37,430.35	311,851	311,851
26/03/2024	HSBC	Buy on the Market	$ 2,075.15	17,318	17,318
26/03/2024	HSBC	Buy on the Market	$ 5,337.43	44,543	44,543
18/04/2024	HSBC	Sell on the Market	$ 6,984.60	70,000	70,000
23/04/2024	Northern Trust	Buy on the Market	$ 33,962.02	385,932	385,932
23/04/2024	HSBC	Buy on the Market	$ 776,564.27	8,824,594	8,824,594
2/05/2024	HSBC	Sell on the Market	$ 1,819.60	20,000	20,000
6/06/2024	HSBC	Sell on the Market	$ 8,898.04	100,000	100,000
6/06/2024	HSBC	Sell on the Market	$ 8,798.06	100,000	100,000
7/06/2024	HSBC	Sell on the Market	$ 444.90	5,000	5,000
12/06/2024	HSBC	Sell on the Market	$ 10,437.70	120,000	120,000
17/06/2024	CiticorpNominees PtyLimited	Buy on the Market	$ 71,735.49	797,061	797,061
17/06/2024	HSBC	Sell on the Market	$ 71,735.49	797,061	797,061
19/06/2024	HSBC	Sell on the Market	$ 7,038.45	80,000	80,000
25/06/2024	CiticorpNominees PtyLimited	Buy on the Market	$ 22,666.58	286,289	286,289
26/06/2024	CiticorpNominees PtyLimited	Buy on the Market	$ 7,890.45	98,414	98,414
27/06/2024	CiticorpNominees PtyLimited	Buy on the Market	$ 20,709.22	258,297	258,297
28/06/2024	CiticorpNominees PtyLimited	Buy on the Market	$ 21,377.73	268,312	268,312
2/07/2024	HSBC	Buy on the Market	$ 109,671.33	1,367,473	1,367,473
2/07/2024	HSBC	Sell on the Market	$ 109,671.33	1,367,473	1,367,473
5/07/2024	HSBC	Buy on the Market	$ 68,097.24	838,636	838,636
5/07/2024	HSBC	Sell on the Market	$ 68,097.24	838,636	838,636
9/07/2024	HSBC	Buy on the Market	$ 18,951.73	249,310	249,310
10/07/2024	HSBC	Buy on the Market	$ 3,903.99	50,690	50,690
17/07/2024	CiticorpNominees PtyLimited	Buy on the Market	$ 11,852.61	150,000	150,000
22/07/2024	CiticorpNominees PtyLimited	Buy on the Market	$ 1,776.06	23,364	23,364
23/07/2024	CiticorpNominees PtyLimited	Buy on the Market	$ 124.36	1,636	1,636
29/07/2024	HSBC	Sell on the Market	$ 7,698.31	100,000	100,000
2/08/2024	HSBC	Sell on the Market	$ 18,570.91	250,000	250,000
2/08/2024	HSBC	Sell on the Market	$ 11,247.52	150,000	150,000
14/08/2024	HSBC	Sell on the Market	$ 4,828.93	70,000	70,000

20/08/2024	HSBC	Sell on the Market	$ 8,038.23	120,000	120,000
21/08/2024	HSBC	Sell on the Market	$ 103.48	1,500	1,500
23/08/2024	HSBC	Sell on the Market	$ 15,964.80	250,000	250,000
26/08/2024	HSBC	Sell on the Market	$ 1,859.59	30,000	30,000
29/08/2024	HSBC	Sell on the Market	$ 6,237.02	103,114	103,114
29/08/2024	HSBC	Sell on the Market	$ 17,957.65	296,886	296,886
29/08/2024	HSBC	Sell on the Market	$ 15.01	246	246
29/08/2024	HSBC	Sell on the Market	$ 5.19	85	85
2/09/2024	HSBC	Sell on the Market	$ 17,996.04	300,000	300,000
13/09/2024	HSBC	Buy on the Market	$ 10,100.39	183,909	183,909
16/09/2024	HSBC	Buy on the Market	$ 12,304.40	227,809	227,809
19/09/2024	HSBC	Sell on the Market	$ 438.59	8,154	8,154
23/09/2024	HSBC	Sell on the Market	$ 4,758.95	85,000	85,000
23/09/2024	HSBC	Sell on the Market	$ 9,622.88	175,000	175,000
27/09/2024	HSBC	Buy on the Market	$ 69,328.61	971,579	971,579
30/09/2024	HSBC	Buy on the Market	$ 57,931.42	875,822	875,822
30/09/2024	HSBC	Buy on the Market	$ 68,235.98	1,031,609	1,031,609
7/10/2024	HSBC	Sell on the Market	$ 1,094.76	15,000	15,000
16/10/2024	HSBC	Sell on the Market	$ 2,129.54	30,000	30,000
21/10/2024	HSBC	Sell on the Market	$ 2,219.52	30,000	30,000
12/11/2024	HSBC	Sell on the Market	$ 2,009.56	30,000	30,000
14/11/2024	HSBC	Sell on the Market	$ 1,746.15	25,000	25,000
20/11/2024	CiticorpNominees PtyLimited	Sell on the Market	$ 1,359.70	20,000	20,000
4/12/2024	HSBC	Sell on the Market	$ 14,916.78	152,237	152,237
4/12/2024	HSBC	Sell on the Market	$ 19,804.42	202,119	202,119
5/12/2024	HSBC	Sell on the Market	$ 70,830.81	720,680	720,680
5/12/2024	HSBC	Sell on the Market	$ 93,920.50	955,610	955,610
6/12/2024	HSBC	Sell on the Market	$ 397.79	4,110	4,110
6/12/2024	HSBC	Sell on the Market	$ 993.32	10,263	10,263
6/12/2024	HSBC	Sell on the Market	$ 3,786.97	39,127	39,127
6/12/2024	HSBC	Sell on the Market	$ 5,033.58	52,007	52,007
6/12/2024	Northern Trust	Sell on the Market	$ 978.42	10,109	10,109
9/12/2024	HSBC	Sell on the Market	$ 2,762.32	29,514	29,514
9/12/2024	HSBC	Sell on the Market	$ 6,215.18	66,406	66,406
9/12/2024	HSBC	Sell on the Market	$ 22,789.21	243,491	243,491
9/12/2024	HSBC	Sell on the Market	$ 31,076.46	332,036	332,036
9/12/2024	Northern Trust	Sell on the Market	$ 6,215.27	66,407	66,407
10/12/2024	HSBC	Sell on the Market	$ 1,280.96	13,819	13,819
10/12/2024	HSBC	Sell on the Market	$ 3,131.17	33,779	33,779
10/12/2024	HSBC	Sell on the Market	$ 12,062.02	130,125	130,125
10/12/2024	HSBC	Sell on the Market	$ 16,011.69	172,734	172,734
10/12/2024	Northern Trust	Sell on the Market	$ 3,095.57	33,395	33,395
19/12/2024	HSBC	Sell on the Market	$ 1,596.48	20,000	20,000
10/01/2025	HSBC	Sell on the Market	$ 9,837.84	120,000	120,000
13/01/2025	HSBC	Sell on the Market	$ 169.96	2,000	2,000
15/01/2025	HSBC	Sell on the Market	$ 971.79	12,000	12,000
16/01/2025	CiticorpNominees PtyLimited	Buy on the Market	$ 6,720.00	84,000	84,000
16/01/2025	HSBC	Sell on the Market	$ 6,720.00	84,000	84,000
12/02/2025	HSBC	Sell on the Market	$ 1,064.77	15,000	15,000
13/02/2025	HSBC	Sell on the Market	$ 729.84	10,000	10,000
18/02/2025	CiticorpNominees PtyLimited	Buy on the Market	$ 122,579.10	1,751,130	1,751,130
18/02/2025	HSBC	Buy on the Market	$ 99,998.50	1,428,550	1,428,550
18/02/2025	HSBC	Buy on the Market	$ 500,001.46	7,142,878	7,142,878
18/02/2025	HSBC	Buy on the Market	$ 161,290.57	2,304,151	2,304,151
18/02/2025	HSBC	Buy on the Market	$ 123,620.56	1,766,008	1,766,008
18/02/2025	HSBC	Buy on the Market	$ 119,446.39	1,706,377	1,706,377
18/02/2025	HSBC	Buy on the Market	$ 30,995.93	442,799	442,799
18/02/2025	HSBC	Buy on the Market	$ 12,182.10	174,030	174,030
18/02/2025	Northern Trust	Buy on the Market	$ 29,885.38	426,934	426,934
18/02/2025	NA	Issue of 44,950,106 fully paid ordinary shares which increased the total shares on issue.	NA	NA	NA

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(8)	Nature of relevant interest(6)	Class & number of securities(Ord)	Person's votes
Perennial Value Management Limited	HSBC	HSBC	62,581,670	62,581,670	62,581,670
Perennial Value Management Limited	Northern Trust	Northern Trust	4,696,269	4,696,269	4,696,269
Perennial Value Management Limited	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited	19,262,426	19,262,426	19,262,426

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 PhillipSt
Micro-X Ltd	1 Dalmore Drive, Scoresby, Vic
Signature
Print Name	Bill Anastasopoulos	Capacity	Company Secretary
Sign Here		Date	21/02/2025

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