MONADELPHOUS GROUP LIMITED — Major Shareholding Notification 2021

Jun 2, 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

3 June 2021

Dear Sir/Madam

Re: Notice of Change of Interests of Substantial Holder

In accordance with section 671B of the Corporations Act 2001 (Cth), we attach a Notice of Change of Interests of Substantial Holder (Form 604) in respect of Monadelphous Group Limited ( MND ).

Yours faithfully

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Joanne Hawkins Group Company Secretary

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{00015748.docx}

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of 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

There was a change in the interests of the substantial holder on 01/06/2021 The previous notice was given to the company on 18/02/2021 The previous notice was dated 16/02/2021

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

Class of securities (4)	Previous Notice	Previous Notice	Present Notice	Present Notice
	Person’s votes	VotingPower(5)	Person’s votes	VotingPower(5)
ORDINARY SHARES	7,718,715	8.15%	6,748,209	7.12%

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 and number of securities affected	Person’s votes affected
01/06/2021	PDL & its Associates, Pendal Fund Services Limited, Pendal Institutional Limited	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'

4. Present relevant interests

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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 and Number of securities	Person’s votes
Pendal Fund Services Limited *	HSBC Custody Nominees (Australia) Limited. UBS Nominees Pty Limited	HSBC Custody Nominees (Australia) Limited. UBS Nominees Pty Limited	Pendal Fund Services Limited is the trustee or responsible entity of various managed investment schemes and, in that capacity, can exercise the power to vote or dispose of the shares.	3,478,080 Ordinary	3,478,080
Pendal Institutional Limited	BNP Paribas Securities Services Citicorp Nominees Pty Limited HSBC Custody Nominees (Australia) Limited. J.P. Morgan Nominees Australia Pty Limited National Nominees Limited Northern Trust Company Limited State Street Australia Limited	BNP Paribas Securities Services Citicorp Nominees Pty Limited HSBC Custody Nominees (Australia) Limited. J.P. Morgan Nominees Australia Pty Limited National Nominees Limited Northern Trust Company Limited State Street Australia Limited	Pendal Institutional Limited is the investment manager appointed by various superannuation funds, institutional investors and unit trusts and, in that capacity, can exercise the power to vote or dispose of the shares.	3,270,129 Ordinary	3,270,129

• Pendal Fund Services Limited has appointed Pendal Institutional Limited to act as the investment manager of the trusts of which it is responsible entity, giving Pendal Institutional Limited the capacity to exercise the power to vote or dispose of the shares. Pendal Institutional Limited therefore also has a relevant interest in shares in which Pendal Fund Services Limited has a relevant interest.

5. Changes in association

The persons who have become associates (2) of, or 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 and ACN/ARSN (if applicable) Nature of association

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6. Addresses
The addresses of persons named in this form are as follows:
Name Address
Pendal Group Limited (PDL) Level 14, Chifley Tower, 2 Chifley Square, Sydney NSW
2000
Pendal Fund Services Limited Level 14, Chifley Tower, 2 Chifley Square, Sydney NSW
2000
Pendal Institutional Limited Level 14, Chifley Tower, 2 Chifley Square SYDNEY NSW
2000
MONADELPHOUS GROUP LIMITED (MND) The Company Secretary,
MONADELPHOUS GROUP LIMITED (MND)
59 Albany Highway
VICTORIA PARK WA 6100
Signature
Print name Joanne Hawkins Capacity Company Secretary
Sign here Date 03/06/2021
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 6
of the form.
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• (2) See the definition of “associate” in section 9 of the Corporations Act 2001.

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(3) See the definition of “relevant interest” in sections 608 and 671B(7) 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 scheme multiplied by 100.
(6) 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 to 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.
(7) 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.
(8) If the substantial holder is unable to determine the identity of the person (e.g. if the relevant interest arises because of an
option) write “unknown”.
(9) Give details, if appropriate, of the present association and any changes in that association since the last substantial holding
notice.
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ANNEXURE A

This is annexure ‘A’ referred to in Form 604, Notice of change of interests of substantial holder, lodged for Pendal Group Limited ACN 126 385 822

Joanne Hawkins – Company Secretary, Pendal Group Limited – 03/06/2021

TRANSACTION HISTORY

Sales & Purchases for the period : 17/02/2021 to 01/06/2021 SECURITY: MND

Pendal Fund Services Limited

Date 18/02/2021 23/02/2021 24/02/2021 16/03/2021 6/04/2021 7/04/2021 29/04/2021 29/04/2021 30/04/2021 30/04/2021 3/05/2021 6/05/2021 7/05/2021 11/05/2021 11/05/2021 12/05/2021 12/05/2021 27/05/2021 31/05/2021 1/06/2021 1/06/2021 Date 17/02/2021 18/02/2021 23/02/2021

Registered Company Nature of Change Quantity Consideration Class of Securities Person’s votes affected HSBC Custody Nominees (Australia) Limited. Sell -18,036 -210,184.33 Ordinary 18,036 HSBC Custody Nominees (Australia) Limited. Sell -23,332 -291,519.34 Ordinary 23,332 HSBC Custody Nominees (Australia) Limited. Sell -16,620 -196,548.12 Ordinary 16,620 HSBC Custody Nominees (Australia) Limited. Buy 45,606 513,523.56 Ordinary 45,606 HSBC Custody Nominees (Australia) Limited. Sell -4,796 -51,836.13 Ordinary 4,796 HSBC Custody Nominees (Australia) Limited. Buy 16,052 175,769.40 Ordinary 16,052 HSBC Custody Nominees (Australia) Limited. Sell -14,250 -182,144.93 Ordinary 14,250 HSBC Custody Nominees (Australia) Limited. Sell -1,120 -14,425.60 Ordinary 1,120 HSBC Custody Nominees (Australia) Limited. Sell -48,789 -621,069.33 Ordinary 48,789 HSBC Custody Nominees (Australia) Limited. Sell -35,342 -449,882.45 Ordinary 35,342 HSBC Custody Nominees (Australia) Limited. Sell -10,362 -128,903.28 Ordinary 10,362 HSBC Custody Nominees (Australia) Limited. Sell -1,575 -19,197.20 Ordinary 1,575 HSBC Custody Nominees (Australia) Limited. Sell -1,575 -19,573.63 Ordinary 1,575 HSBC Custody Nominees (Australia) Limited. Sell -12,912 -154,213.18 Ordinary 12,912 HSBC Custody Nominees (Australia) Limited. Sell -7,940 -94,728.17 Ordinary 7,940 HSBC Custody Nominees (Australia) Limited. Sell -15,942 -183,881.40 Ordinary 15,942 HSBC Custody Nominees (Australia) Limited. Sell -82 -961.04 Ordinary 82 HSBC Custody Nominees (Australia) Limited. Buy 73,438 746,607.43 Ordinary 73,438 HSBC Custody Nominees (Australia) Limited. Sell -76,323 -756,131.96 Ordinary 76,323 HSBC Custody Nominees (Australia) Limited. Sell -69,013 -672,876.75 Ordinary 69,013 HSBC Custody Nominees (Australia) Limited. Sell -11,672 -113,705.12 Ordinary 11,672 Total -234,585 -2,725,881.57 Registered Company Nature of Change Quantity Consideration Class of Securities Person’s votes affected UBS Nominees Pty Limited Sell -18,206 -218,843.40 Ordinary 18,206 UBS Nominees Pty Limited Sell -715 -8,606.38 Ordinary 715 UBS Nominees Pty Limited Sell -8,545 -105,334.22 Ordinary 8,545 Total -27,466 -332,784.00 Pendal Fund Services Limited -262,051 -3,058,665.57

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Pendal Institutional Limited

Date	Registered Company	Nature of	Quantity	Consideration	Class of	Person’s votes
		Change			Securities	affected
26/05/2021	BNP Paribas Securities	Sell	-627	-6,295.08	Ordinary	627
	Services
	Total		-627	-6,295.08
Date	Registered Company	Nature of	Quantity	Consideration	Class of	Person’s votes
		Change			Securities	affected
17/02/2021	Citicorp Nominees Pty	Sell	-46,691	-561,244.50	Ordinary	46,691
	Limited
18/02/2021	Citicorp Nominees Pty	Sell	-3,374	-39,319.25	Ordinary	3,374
	Limited
18/02/2021	Citicorp Nominees Pty	Sell	-1,833	-22,063.64	Ordinary	1,833
	Limited
23/02/2021	Citicorp Nominees Pty	Sell	-21,912	-270,109.22	Ordinary	21,912
	Limited
24/02/2021	Citicorp Nominees Pty	Sell	-3,110	-36,778.86	Ordinary	3,110
	Limited
26/05/2021	Citicorp Nominees Pty	Sell	-1,956	-19,638.24	Ordinary	1,956
	Limited
	Total		-78,876	-949,153.71
Date	Registered Company	Nature of	Quantity	Consideration	Class of	Person’s votes
		Change			Securities	affected
8/04/2021	HSBC Custody Nominees	Sell	-4,246	-45,598.64	Ordinary	4,246
	(Australia) Limited.
29/04/2021	HSBC Custody Nominees	Sell	-4,702	-60,101.43	Ordinary	4,702
	(Australia) Limited.
29/04/2021	HSBC Custody Nominees	Sell	-370	-4,765.60	Ordinary	370
	(Australia) Limited.
30/04/2021	HSBC Custody Nominees	Sell	-11,615	-147,855.47	Ordinary	11,615
	(Australia) Limited.
30/04/2021	HSBC Custody Nominees	Sell	-8,414	-107,105.17	Ordinary	8,414
	(Australia) Limited.
3/05/2021	HSBC Custody Nominees	Sell	-3,843	-47,806.92	Ordinary	3,843
	(Australia) Limited.
11/05/2021	HSBC Custody Nominees	Sell	-2,282	-27,254.84	Ordinary	2,282
	(Australia) Limited.
11/05/2021	HSBC Custody Nominees	Sell	-1,404	-16,750.42	Ordinary	1,404
	(Australia) Limited.
12/05/2021	HSBC Custody Nominees	Sell	-3,972	-45,814.64	Ordinary	3,972
	(Australia) Limited.
12/05/2021	HSBC Custody Nominees	Sell	-21	-246.12	Ordinary	21
	(Australia) Limited.
26/05/2021	HSBC Custody Nominees	Sell	-2,005	-20,130.20	Ordinary	2,005
	(Australia) Limited.
26/05/2021	HSBC Custody Nominees	Sell	-787	-7,901.48	Ordinary	787
	(Australia) Limited.
31/05/2021	HSBC Custody Nominees	Sell	-18,383	-182,120.38	Ordinary	18,383
	(Australia) Limited.
1/06/2021	HSBC Custody Nominees	Sell	-16,326	-159,178.50	Ordinary	16,326
	(Australia) Limited.
1/06/2021	HSBC Custody Nominees	Sell	-2,761	-26,896.83	Ordinary	2,761
	(Australia) Limited.
	Total		-81,131	-899,526.64
Date	Registered Company	Nature of	Quantity	Consideration	Class of	Person’s votes
		Change			Securities	affected
18/02/2021	J.P. Morgan Nominees	Sell	-5,247	-61,146.44	Ordinary	5,247
	Australia Pty Limited
23/02/2021	J.P. Morgan Nominees	Sell	-15,800	-197,411.52	Ordinary	15,800
	Australia Pty Limited
23/02/2021	J.P. Morgan Nominees	Sell	-2,481	-30,998.61	Ordinary	2,481
	Australia Pty Limited
24/02/2021	J.P. Morgan Nominees	Sell	-4,835	-57,178.71	Ordinary	4,835
	Australia Pty Limited

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25/02/2021	J.P. Morgan Nominees	Sell	-49,408	-568,686.08	Ordinary	49,408
	Australia Pty Limited
16/03/2021	J.P. Morgan Nominees	Sell	-39,415	-443,812.90	Ordinary	39,415
	Australia Pty Limited
16/03/2021	J.P. Morgan Nominees	Sell	-6,191	-69,710.66	Ordinary	6,191
	Australia Pty Limited
7/04/2021	J.P. Morgan Nominees	Sell	-13,809	-151,208.55	Ordinary	13,809
	Australia Pty Limited
7/04/2021	J.P. Morgan Nominees	Sell	-2,243	-24,560.85	Ordinary	2,243
	Australia Pty Limited
17/05/2021	J.P. Morgan Nominees	Sell	-46,276	-492,839.40	Ordinary	46,276
	Australia Pty Limited
26/05/2021	J.P. Morgan Nominees	Sell	-1,638	-16,445.52	Ordinary	1,638
	Australia Pty Limited
	Total		-187,343	-2,113,999.24
Date	Registered Company	Nature of	Quantity	Consideration	Class of	Person’s votes
		Change			Securities	affected
29/04/2021	National Nominees	Sell	-268	-3,425.60	Ordinary	268
	Limited.
29/04/2021	National Nominees	Sell	-21	-270.48	Ordinary	21
	Limited.
30/04/2021	National Nominees	Sell	-1,307	-16,637.72	Ordinary	1,307
	Limited.
30/04/2021	National Nominees	Sell	-947	-12,054.74	Ordinary	947
	Limited.
3/05/2021	National Nominees	Sell	-174	-2,164.56	Ordinary	174
	Limited.
11/05/2021	National Nominees	Sell	-234	-2,794.76	Ordinary	234
	Limited.
11/05/2021	National Nominees	Sell	-144	-1,717.99	Ordinary	144
	Limited.
12/05/2021	National Nominees	Sell	-329	-3,794.82	Ordinary	329
	Limited.
12/05/2021	National Nominees	Sell	-2	-23.44	Ordinary	2
	Limited.
26/05/2021	National Nominees	Buy	7,013	70,410.52	Ordinary	7,013
	Limited.
31/05/2021	National Nominees	Sell	-1,676	-16,604.13	Ordinary	1,676
	Limited.
1/06/2021	National Nominees	Sell	-1,590	-15,502.50	Ordinary	1,590
	Limited.
1/06/2021	National Nominees	Sell	-269	-2,620.52	Ordinary	269
	Limited.
	Total		52	-7,200.74
Date	Registered Company	Nature of	Quantity	Consideration	Class of	Person’s votes
		Change			Securities	affected
17/02/2021	Northern Trust Company	Sell	-67,677	-813,504.61	Ordinary	67,677
	Limited
18/02/2021	Northern Trust Company	Sell	-5,899	-68,744.59	Ordinary	5,899
	Limited
18/02/2021	Northern Trust Company	Sell	-2,656	-31,970.01	Ordinary	2,656
	Limited
23/02/2021	Northern Trust Company	Sell	-31,765	-391,567.16	Ordinary	31,765
	Limited
24/02/2021	Northern Trust Company	Sell	-5,435	-64,274.31	Ordinary	5,435
	Limited
	Total		-113,432	-1,370,060.68
Date	Registered Company	Nature of	Quantity	Consideration	Class of	Person’s votes
		Change			Securities	affected
2/03/2021	State Street Australia	Sell	-31,648	-367,749.76	Ordinary	31,648
	Limited
29/04/2021	State Street Australia	Sell	-4,791	-61,239.04	Ordinary	4,791
	Limited
29/04/2021	State Street Australia	Sell	-4,588	-58,644.27	Ordinary	4,588
	Limited
29/04/2021	State Street Australia	Sell	-377	-4,855.76	Ordinary	377
	Limited
29/04/2021	State Street Australia	Sell	-361	-4,649.68	Ordinary	361
	Limited
30/04/2021	State Street Australia	Sell	-20,829	-265,146.92	Ordinary	20,829
	Limited
30/04/2021	State Street Australia	Sell	-15,459	-196,788.43	Ordinary	15,459
	Limited
30/04/2021	State Street Australia	Sell	-15,089	-192,073.92	Ordinary	15,089
	Limited

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30/04/2021 3/05/2021 3/05/2021 11/05/2021 11/05/2021 11/05/2021 11/05/2021 12/05/2021 12/05/2021 12/05/2021 12/05/2021 31/05/2021 31/05/2021 1/06/2021 1/06/2021 1/06/2021 1/06/2021

State Street Australia Limited Sell -11,198 -142,543.82 Ordinary 11,198 State Street Australia Limited Sell -3,573 -44,448.12 Ordinary 3,573 State Street Australia Limited Sell -2,864 -35,628.16 Ordinary 2,864 State Street Australia Limited Sell -5,808 -69,367.27 Ordinary 5,808 State Street Australia Limited Sell -3,586 -42,829.03 Ordinary 3,586 State Street Australia Limited Sell -3,572 -42,615.75 Ordinary 3,572 State Street Australia Limited Sell -2,205 -26,306.75 Ordinary 2,205 State Street Australia Limited Sell -6,676 -77,003.65 Ordinary 6,676 State Street Australia Limited Sell -5,109 -58,929.25 Ordinary 5,109 State Street Australia Limited Sell -35 -410.20 Ordinary 35 State Street Australia Limited Sell -26 -304.72 Ordinary 26 State Street Australia Limited Sell -30,648 -303,629.74 Ordinary 30,648 State Street Australia Limited Sell -23,448 -232,299.34 Ordinary 23,448 State Street Australia Limited Sell -26,754 -260,851.50 Ordinary 26,754 State Street Australia Limited Sell -20,468 -199,563.00 Ordinary 20,468 State Street Australia Limited Sell -4,525 -44,081.19 Ordinary 4,525 State Street Australia Limited Sell -3,461 -33,716.02 Ordinary 3,461 Total -247,098 -2,765,675.29 Pendal Institutional Limited -708,455 -8,111,911.38

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