MICRO-X LIMITED — Major Shareholding Notification 2026

Jun 1, 2026

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme
Micro R Ltd
AEN/ARON
153 273 735
Source: Australian Business Register

1. Details of substantial holder (1)

Name: Perennial Value Management Limited (PVM)
AEN/ARON (if applicable)
090 879 904

There was a change in the interest of the substantial holder on
29 May 2026
The previous notice was given to the company on
10 March 2026
The previous notice was dated
10 March 2026

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 relevant 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		Present notice
	Person's votes	Voting Power (%), (5)	Person's votes	Voting Power (%), (5)
Ordinary	64,995,451	8.00	57,013,436	7.82

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
20/05/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 7,334.56	58,887	58,887
20/05/2026	HSBC	Sell on the Market	$ 117.72	12,157	12,157
20/05/2026	HSBC	Sell on the Market	$ 3,995.51	1,735	1,735
20/05/2026	HSBC	Sell on the Market	$ 924.86	108,099	108,099
21/05/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 1,111.94	8,845	8,845
21/05/2026	HSBC	Sell on the Market	$ 17.87	1,826	1,826
21/05/2026	HSBC	Sell on the Market	$ 405.75	261	261
21/05/2026	HSBC	Sell on the Market	$ 125.05	16,237	16,237
22/05/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 22,451.24	179,899	179,899
22/05/2026	HSBC	Sell on the Market	$ 500.46	330,238	330,238
22/05/2026	HSBC	Sell on the Market	$ 12,230.44	37,140	37,140
22/05/2026	HSBC	Sell on the Market	$ 2,524.96	5,302	5,302
23/05/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 4,476.52	36,957	36,957
23/05/2026	HSBC	Sell on the Market	$ 71.86	1,089	1,089
23/05/2026	HSBC	Sell on the Market	$ 2,438.63	67,891	67,891
23/05/2026	HSBC	Sell on the Market	$ 503.47	7,630	7,630
26/05/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 15,056.57	124,302	124,302
26/05/2026	HSBC	Sell on the Market	$ 241.70	228,180	228,180
26/05/2026	HSBC	Sell on the Market	$ 8,202.13	25,662	25,662
26/05/2026	HSBC	Sell on the Market	$ 1,693.32	3,663	3,663
29/05/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 181.64	1,522	1,522
29/05/2026	HSBC	Sell on the Market	$ 2.92	514	514
29/05/2026	HSBC	Sell on the Market	$ 98.91	45	45
29/05/2026	HSBC	Sell on the Market	$ 20.41	2,795	2,795
29/05/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 11,845.42	105,808	105,808
29/05/2026	HSBC	Sell on the Market	$ 190.16	194,230	194,230
29/05/2026	HSBC	Sell on the Market	$ 6,452.87	21,844	21,844
29/05/2026	HSBC	Sell on the Market	$ 1,332.19	3,118	3,118
30/05/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 324.28	5,256	5,256
30/05/2026	HSBC	Sell on the Market	$ 5.37	672	672
30/05/2026	HSBC	Sell on the Market	$ 182.30	38	38
30/05/2026	HSBC	Sell on the Market	$ 57.62	5,976	5,976
14/04/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 1,199.76	11,800	11,800
14/04/2026	HSBC	Sell on the Market	$ 19.27	2,436	2,436
14/04/2026	HSBC	Sell on the Market	$ 653.58	348	348
14/04/2026	HSBC	Sell on the Market	$ 134.92	21,661	21,661
15/04/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 962.09	9,362	9,362
15/04/2026	HSBC	Sell on the Market	$ 15.45	1,933	1,933
15/04/2026	HSBC	Sell on the Market	$ 524.16	276	276
15/04/2026	HSBC	Sell on the Market	$ 108.22	17,184	17,184
16/04/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 9,996.50	97,091	97,091
16/04/2026	HSBC	Sell on the Market	$ 160.47	2,861	2,861
16/04/2026	HSBC	Sell on the Market	$ 5,445.61	20,044	20,044
16/04/2026	HSBC	Sell on the Market	$ 1,124.22	178,230	178,230
17/04/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 11,061.50	107,436	107,436
17/04/2026	HSBC	Sell on the Market	$ 177.57	3,166	3,166
17/04/2026	HSBC	Sell on the Market	$ 4,025.83	197,218	197,218
17/04/2026	HSBC	Sell on the Market	$ 1,244.02	22,180	22,180
21/04/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 2,079.25	19,516	19,516
21/04/2026	HSBC	Sell on the Market	$ 35.40	4,033	4,033
21/04/2026	HSBC	Sell on the Market	$ 1,132.72	576	576
21/04/2026	HSBC	Sell on the Market	$ 233.86	35,857	35,857
22/04/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 4,032.78	38,282	38,282
22/04/2026	HSBC	Sell on the Market	$ 64.73	7,903	7,903
22/04/2026	HSBC	Sell on the Market	$ 2,196.90	70,271	70,271
22/04/2026	HSBC	Sell on the Market	$ 453.53	1,128	1,128
23/04/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 4,337.50	59,403	59,403
23/04/2026	HSBC	Sell on the Market	$ 65.93	72,331	72,331
23/04/2026	HSBC	Sell on the Market	$ 2,237.60	8,135	8,135
23/04/2026	HSBC	Sell on the Market	$ 461.97	1,161	1,161
27/04/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 11,999.92	129,512	129,512
27/04/2026	HSBC	Sell on the Market	$ 224.77	26,737	26,737
27/04/2026	HSBC	Sell on the Market	$ 7,626.58	3,817	3,817
27/04/2026	HSBC	Sell on the Market	$ 1,574.46	237,742	237,742
28/04/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 1,856.26	17,500	17,500
28/04/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 204.36	1,953	1,953
28/04/2026	HSBC	Sell on the Market	$ 3.31	58	58
28/04/2026	HSBC	Sell on the Market	$ 29.76	32,124	32,124
28/04/2026	HSBC	Sell on the Market	$ 1,011.28	3,613	3,613
28/04/2026	HSBC	Sell on the Market	$ 111.30	483	483
28/04/2026	HSBC	Sell on the Market	$ 208.79	515	515
28/04/2026	HSBC	Sell on the Market	$ 22.97	3,580	3,580
29/04/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 13,238.45	128,123	128,123
29/04/2026	HSBC	Sell on the Market	$ 212.54	3,776	3,776
29/04/2026	HSBC	Sell on the Market	$ 7,211.74	235,193	235,193
29/04/2026	HSBC	Sell on the Market	$ 1,488.86	26,451	26,451
30/04/2026	Citicorp Nominees Pty Limited	Sell on the Market	$ 20,659.42	211,610	211,610
30/04/2026	HSBC	Sell on the Market	$ 101.65	6,236	6,236
30/04/2026	HSBC	Sell on the Market	$ 11,254.32	43,687	43,687

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1. 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 (9)	Nature of relevant interest (6)	Class & number of securities (Ord)	Person's votes
Parental Value Management Limited	HSBC	HSBC	42,644,377	42,644,377	42,644,377
Perennial Value Management Limited	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited	16,368,859	16,368,859	16,368,859

1. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (5) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name & ACN	Nature of association
Not applicable

1. Addresses

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

Name	Address
Perennial Value Management Ltd	Level 27, BB Phillip St
	Sydney NSW 2000
Micro-8 Ltd	1 Dalmore Drive, Scoreday, Vic

Signature

Print Name Bill Anastasopoulos Capacity Company Secretary

Sign Here

EVERGEN TAKEN

(1) If there are a number of substantial holders with similar or related relevant interests, the consideration and the related circumstances, or the manager, are treated as an equity court, the names could be recorded in an electronic form by him. If the relevant interests of a group of persons are not considered, the name should be entered group if the membership of them groups were not in partnership or in the association. If the association is made up of the adjustments of the board.

(2) See the definition of "association" in section 9 of the Corporations Act 2001.

(3) See the definition of "relevant interest" in sections 606 and 611(b)(1) of the Corporations Act 2001.

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

(5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

(6) Include details of:

(1) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If substantial (611(b)(2) above) changes of any structure, existing, or the terms of any relevant agreement, and a statement by the person giving full and detailed information, the person shall be entitled to the same, and the statement shall be made up of the adjustments, which are suggested in the subheadings of the form, together with a written statement certifying this contract, whether or not registered.

(2) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "reference."

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