MONADELPHOUS GROUP LIMITED — Major Shareholding Notification 2021

Nov 3, 2021

Pendal Group Limited

Level 14, The Chifley Tower 2 Chifley Square Sydney NSW 2000 Australia ABN 28 126 385 822

Company Announcements Platform Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000

4 November 2021

Dear Sir/Madam,

Re: Notice of Ceasing to be a Substantial Holder

In accordance with section 671B of the Corporations Act 2001 (Cth), we attach a Notice of Ceasing to be a Substantial Holder (Form 605) in respect of Monadelphous Group Limited ( MND ).

Yours faithfully,

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Joanne Hawkins Company Secretary

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Form 605

Corporations Act 2001 Section 671B Notice of ceasing to be a substantial holder

To Company Name/Scheme MONADELPHOUS GROUP LIMITED (MND) ACN/ARSN ACN 008 988 547

1. Details of substantial holder(1)

Name

PENDAL GROUP LIMITED (PDL)

ACN/ARSN (if applicable) ACN 126 385 822

The holder ceased to be a substantial holder on 02/11/2021 The previous notice was given to the company on 01/06/2021 The previous notice was dated 03/06/2021

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
02/11/2021	Pendal Group Limited & its Associates, Pendal Fund Services Limited, Pendal Institutional Limited	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'

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 the voting interests of the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association

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4. Addresses

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

Name		Address
Pendal Group Limited		Level 14, Chifley Tower, 2 Chifley Square, Sydney NSW2000
Pendal Fund Services Limited		Level 14, Chifley Tower, 2 Chifley Square, Sydney NSW2000
Pendal Institutional Limited		Level 14, Chifley Tower, 2 Chifley Square, Sydney NSW2000
MONADELPHOUS GROUP LIMITED (MND)		The Company Secretary, MONADELPHOUS GROUP LIMITED (MND) 59 Albany Highway VICTORIA PARK WA 6100
Signature Print name Sign here
	Date 04/11/2021

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DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (e.g. 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 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.

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ANNEXURE A

This is annexure ‘A' referred to in Form 605, Notice of ceasing to be a substantial holder, lodged for Pendal Group Limited ACN 126 385 822 and its associated entities

Joanne Hawkins– Company Secretary, Pendal Group Limited 04/11/2021

Sales & Purchases for the period : 02/06/2021 to 02/11/2021 SECURITY: MND

Pendal Fund Services Limited

Pendal Fund Services Limited

Date 2/06/2021 3/06/2021 4/06/2021 4/06/2021 11/06/2021 16/06/2021 1/07/2021 24/08/2021 15/09/2021 1/10/2021 21/10/2021 22/10/2021 25/10/2021 25/10/2021 26/10/2021 1/11/2021 1/11/2021 2/11/2021 2/11/2021

Registered Company Nature of Change Quantity Consideration Class of Securities Person’s votes affected HSBC Custody Nominees (Australia) Limited. Sell -45,872 -450,160.28 Ordinary 45,872 HSBC Custody Nominees (Australia) Limited. Sell -65,150 -669,090.50 Ordinary 65,150 HSBC Custody Nominees (Australia) Limited. Sell -9,234 -95,182.23 Ordinary 9,234 HSBC Custody Nominees (Australia) Limited. Sell -4,390 -45,361.43 Ordinary 4,390 HSBC Custody Nominees (Australia) Limited. Sell -3,118 -30,468.47 Ordinary 3,118 HSBC Custody Nominees (Australia) Limited. Sell -3,118 -29,867.95 Ordinary 3,118 HSBC Custody Nominees (Australia) Limited. Sell -20,373 -206,594.44 Ordinary 20,373 HSBC Custody Nominees (Australia) Limited. Sell -4,426 -46,970.48 Ordinary 4,426 HSBC Custody Nominees (Australia) Limited. Buy 73,250 722,728.45 Ordinary 73,250 HSBC Custody Nominees (Australia) Limited. Buy 28,591 258,176.73 Ordinary 28,591 HSBC Custody Nominees (Australia) Limited. Sell -19,676 -206,694.41 Ordinary 19,676 HSBC Custody Nominees (Australia) Limited. Sell -1,752 -18,402.83 Ordinary 1,752 HSBC Custody Nominees (Australia) Limited. Sell -26,452 -279,068.60 Ordinary 26,452 HSBC Custody Nominees (Australia) Limited. Sell -12,178 -128,515.65 Ordinary 12,178 HSBC Custody Nominees (Australia) Limited. Sell -4,324 -45,558.53 Ordinary 4,324 HSBC Custody Nominees (Australia) Limited. Sell -478,121 -4,814,630.66 Ordinary 478,121 HSBC Custody Nominees (Australia) Limited. Sell -182,167 -1,834,403.47 Ordinary 182,167 HSBC Custody Nominees (Australia) Limited. Sell -189,077 -1,893,606.16 Ordinary 189,077 HSBC Custody Nominees (Australia) Limited. Sell -72,040 -721,480.60 Ordinary 72,040 Total -1,039,627 -10,535,151.51 Pendal Fund Services Limited -1,039,627 -10,535,151.51

Pendal Institutional Limited	Pendal Institutional Limited
Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person’s votes affected
20/09/2021	BNP Paribas Securities Services	Sell	-2,612	-24,961.84	Ordinary	2,612
1/11/2021	BNP Paribas Securities Services	Sell	-5,848	-58,888.78	Ordinary	5,848
2/11/2021	BNP Paribas Securities Services	Sell	-2,312	-23,154.68	Ordinary	2,312
	Total		-10,772	-107,005.30

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Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person’s votes affected
1/11/2021	Citicorp Nominees Pty Limited	Sell	-15,673	-157,825.54	Ordinary	15,673
2/11/2021	Citicorp Nominees Pty Limited	Sell	-6,198	-62,072.97	Ordinary	6,198
	Total		-21,871	-219,898.51
Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person’s votes affected
2/06/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-11,396	-111,833.51	Ordinary	11,396
3/06/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-15,906	-163,354.62	Ordinary	15,906
4/06/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-2,278	-23,481.17	Ordinary	2,278
4/06/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-1,083	-11,190.53	Ordinary	1,083
1/07/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-2,119	-21,487.93	Ordinary	2,119
20/07/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-3,639	-39,338.68	Ordinary	3,639
24/08/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-2,735	-29,024.91	Ordinary	2,735
10/09/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-1,124	-11,489.30	Ordinary	1,124
21/10/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-4,423	-46,463.17	Ordinary	4,423
25/10/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-6,160	-64,988.00	Ordinary	6,160
25/10/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-2,836	-29,928.59	Ordinary	2,836
26/10/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-972	-10,241.19	Ordinary	972
1/11/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-44,147	-444,555.88	Ordinary	44,147
1/11/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-14,926	-150,303.33	Ordinary	14,926
1/11/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-6,984	-70,328.18	Ordinary	6,984
2/11/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-17,458	-174,841.87	Ordinary	17,458
2/11/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-5,903	-59,118.55	Ordinary	5,903
2/11/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-2,762	-27,661.43	Ordinary	2,762
	Total		-146,851	-1,489,630.84
Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person’s votes affected
20/07/2021	J.P. Morgan Nominees Australia Pty Limited	Sell	-28,394	-306,655.20	Ordinary	28,394
22/07/2021	J.P. Morgan Nominees Australia Pty Limited	Sell	-62,825	-673,484.00	Ordinary	62,825
5/08/2021	J.P. Morgan Nominees Australia Pty Limited	Sell	-64,449	-739,230.03	Ordinary	64,449
1/10/2021	J.P. Morgan Nominees Australia Pty Limited	Sell	-24,470	-220,964.10	Ordinary	24,470
1/10/2021	J.P. Morgan Nominees Australia Pty Limited	Sell	-4,121	-37,212.63	Ordinary	4,121
7/10/2021	J.P. Morgan Nominees Australia Pty Limited	Sell	-40,721	-384,813.45	Ordinary	40,721
1/11/2021	J.P. Morgan Nominees Australia Pty Limited	Sell	-238,370	-2,400,362.06	Ordinary	238,370
1/11/2021	J.P. Morgan Nominees Australia Pty Limited	Sell	-37,281	-375,415.94	Ordinary	37,281
1/11/2021	J.P. Morgan Nominees Australia Pty Limited	Sell	-11,563	-116,438.25	Ordinary	11,563
2/11/2021	J.P. Morgan Nominees Australia Pty Limited	Sell	-94,266	-944,073.99	Ordinary	94,266
2/11/2021	J.P. Morgan Nominees Australia Pty Limited	Sell	-14,743	-147,651.15	Ordinary	14,743
2/11/2021	J.P. Morgan Nominees Australia Pty Limited	Sell	-4,573	-45,798.60	Ordinary	4,573
	Total		-625,776	-6,392,099.40
Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person’s votes affected
2/06/2021	National Nominees Limited.	Sell	-921	-9,038.14	Ordinary	921
3/06/2021	National Nominees Limited.	Sell	-1,662	-17,068.74	Ordinary	1,662
4/06/2021	National Nominees Limited.	Sell	-220	-2,267.72	Ordinary	220
4/06/2021	National Nominees Limited.	Sell	-104	-1,074.62	Ordinary	104

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5/07/2021 10/09/2021 21/10/2021 25/10/2021 25/10/2021 26/10/2021 27/10/2021 1/11/2021 1/11/2021 2/11/2021 2/11/2021 Date 2/06/2021 2/06/2021 3/06/2021 3/06/2021 4/06/2021 4/06/2021 4/06/2021 4/06/2021 15/06/2021 15/06/2021 5/07/2021 5/07/2021 24/08/2021 24/08/2021 10/09/2021 10/09/2021 21/10/2021 21/10/2021 25/10/2021 25/10/2021 25/10/2021 25/10/2021 26/10/2021 26/10/2021 1/11/2021 1/11/2021 2/11/2021 2/11/2021

National Nominees Limited. Sell -1,969 -20,635.12 Ordinary 1,969 National Nominees Limited. Sell -443 -4,528.26 Ordinary 443 National Nominees Limited. Sell -410 -4,307.01 Ordinary 410 National Nominees Limited. Sell -571 -6,024.05 Ordinary 571 National Nominees Limited. Sell -263 -2,775.47 Ordinary 263 National Nominees Limited. Sell -90 -948.26 Ordinary 90 National Nominees Limited. Buy 972 10,176.84 Ordinary 972 National Nominees Limited. Sell -17,215 -173,353.33 Ordinary 17,215 National Nominees Limited. Sell -4,302 -43,320.71 Ordinary 4,302 National Nominees Limited. Sell -6,808 -68,182.12 Ordinary 6,808 National Nominees Limited. Sell -1,701 -17,035.52 Ordinary 1,701 Total -35,707 -360,382.23 Registered Company Nature of Change Quantity Consideration Class of Securities Person’s votes affected State Street Australia Limited Sell -19,542 -191,773.46 Ordinary 19,542 State Street Australia Limited Sell -14,952 -146,729.96 Ordinary 14,952 State Street Australia Limited Sell -27,143 -278,758.61 Ordinary 27,143 State Street Australia Limited Sell -20,764 -213,246.28 Ordinary 20,764 State Street Australia Limited Sell -3,901 -40,210.73 Ordinary 3,901 State Street Australia Limited Sell -2,983 -30,748.17 Ordinary 2,983 State Street Australia Limited Sell -1,854 -19,157.20 Ordinary 1,854 State Street Australia Limited Sell -1,419 -14,662.39 Ordinary 1,419 State Street Australia Limited Sell -29,162 -280,366.38 Ordinary 29,162 State Street Australia Limited Sell -19,445 -186,946.17 Ordinary 19,445 State Street Australia Limited Buy 863 9,044.24 Ordinary 863 State Street Australia Limited Buy 1,106 11,590.88 Ordinary 1,106 State Street Australia Limited Sell -8,058 -85,514.72 Ordinary 8,058 State Street Australia Limited Sell -6,369 -67,590.38 Ordinary 6,369 State Street Australia Limited Sell -11,181 -114,289.95 Ordinary 11,181 State Street Australia Limited Sell -5,416 -55,361.27 Ordinary 5,416 State Street Australia Limited Sell -6,705 -70,435.35 Ordinary 6,705 State Street Australia Limited Sell -5,372 -56,432.32 Ordinary 5,372 State Street Australia Limited Sell -9,336 -98,494.80 Ordinary 9,336 State Street Australia Limited Sell -7,481 -78,924.55 Ordinary 7,481 State Street Australia Limited Sell -4,299 -45,367.78 Ordinary 4,299 State Street Australia Limited Sell -3,444 -36,344.88 Ordinary 3,444 State Street Australia Limited Sell -1,473 -15,519.82 Ordinary 1,473 State Street Australia Limited Sell -1,181 -12,443.25 Ordinary 1,181 State Street Australia Limited Sell -63,169 -636,105.51 Ordinary 63,169 State Street Australia Limited Sell -50,571 -509,244.91 Ordinary 50,571 State Street Australia Limited Sell -24,981 -250,184.72 Ordinary 24,981 State Street Australia Limited Sell -19,999 -200,289.99 Ordinary 19,999 Total -368,231 -3,714,508.43 Pendal Institutional Limited -1,209,208 -12,283,524.71

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