MONASH IVF GROUP LIMITED — Major Shareholding Notification 2021

Mar 23, 2021

Form 603 Corporations Act 2001 Section 671B

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Notice of initial substantial holder
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To: Monash IVF Group Ltd
ACN/ARSN: 90 169 302 309 Source: Australian Business Register
Name: Perennial Value Management Limited
ACN: 22 090 879 904
The holder became a substantial shareholder on: 22 March 2021
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2. Details of Voting Power

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The total number of votes attached to all the voting shares in the company or voting interest in the scheme that the substantial holder or an associate had
Class of securities Number of securities Person’s votes Voting Power (%)
Ordinary 21,706,104 21,706,104 5.57
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3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a

Holder of relevant interest	Nature of relevenat interest	Class & number of securities (Ord)	Class & number of securities (Ord)
Perennial Value Management	Investment Manager		21,706,104
Limited

4. Details of present registered holders

The persons registered as holders of the securities referred to paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as	Class & number of	Class & number of
		holder	securities (Ord)
Perennial Value Management Limited	National Asset Servicing	National Asset Servicing		16,970,751
Perennial Value Management	Northern Trust	Northern Trust		2,904,829
Limited
Perennial Value Management Limited	BNP Paribas Securities Services	BNP Paribas Securities Services		1,830,524

5. Consideration

The consideration paid for each relevant interest referred to paragraph 3 above, and acquired in the four months prior to the day that the substantial

Holder of relevant interest	Date of acquisition		Consideration				Class & and	number of
			Cash		Non-cash		securities
BNP Paribas Securities Services		8/02/2021	$	9,016.34				11,861
						0
BNP Paribas Securities Services		9/02/2021	$	72,892.44				95,890
						0
BNP Paribas Securities Services		10/02/2021	$	5,719.27				7,426
						0
BNP Paribas Securities Services		11/02/2021	$	54,636.37				70,948
						0
BNP Paribas Securities Services		12/02/2021	$	2,668.63				3,465
						0
BNP Paribas Securities Services		10/03/2021	$	47.14				65
						0
BNP Paribas Securities Services		11/03/2021	$	6,254.58				8,685
						0
BNP Paribas Securities Services		11/03/2021	$	56,273.05				77,801
						0
BNP Paribas Securities Services		23/03/2021	$	1,057,564.54				1,507,490
						0

Citicorp Nominees Pty Limited	23/03/2021	$	245,539.00		350,000
				0
Citicorp Nominees Pty Limited	23/03/2021	$	117,088.14		166068
				0
National Asset Servicing	7/12/2020	$	3,688.03	0	5,183
National Asset Servicing	14/12/2020	$	49,034.85	0	69,900
National Asset Servicing	16/02/2021	$	663,469.12	0	857,916
National Asset Servicing	16/02/2021	$	1,942,114.00	0	2,501,098
National Asset Servicing	16/02/2021	$	53,530.50	0	69,219
National Asset Servicing	16/02/2021	$	156,693.96	0	201,794
National Asset Servicing	16/02/2021	$	12,737.07	0	16,470
National Asset Servicing	16/02/2021	$	37,283.86	0	48,015
National Asset Servicing	23/02/2021	$	30,323.06	0	40,342
National Asset Servicing	23/02/2021	$	1,118,657.58	0	1,474,343
National Asset Servicing	24/02/2021	$	205,581.11	0	259,658
National Asset Servicing	25/02/2021	$	302,230.49	0	377,373
National Asset Servicing	25/02/2021	$	67,609.48	0	84,419
National Asset Servicing	1/03/2021	$	21,172.86	0	27,212
National Asset Servicing	10/03/2021	$	109.50	0	151
National Asset Servicing	11/03/2021	$	14,508.31	0	20,146
National Asset Servicing	11/03/2021	$	130,540.24	0	180,480
National Asset Servicing	16/03/2021	$	148,040.37	0	211,022
National Asset Servicing	16/03/2021	$	134,697.78	0	192,003
National Asset Servicing	16/03/2021	$	40,426.25	0	57,625
National Asset Servicing	18/03/2021	$	38,982.75	0	55,781
National Asset Servicing	18/03/2021	$	29,045.16	0	41,402
National Asset Servicing	18/03/2021	$	35,469.62	0	50,754
National Asset Servicing	18/03/2021	$	26,427.71	0	37,671
National Asset Servicing	18/03/2021	$	10,645.64	0	15,233
National Asset Servicing	18/03/2021	$	7,931.61	0	11,306
National Asset Servicing	19/03/2021	$	73,456.64	0	105,083
National Asset Servicing	19/03/2021	$	53,613.85	0	76,697
National Asset Servicing	19/03/2021	$	12,127.55	0	17,349
National Asset Servicing	22/03/2021	$	332,249.62	0	451,048
National Asset Servicing	22/03/2021	$	2,619,162.54	0	3,555,664
National Asset Servicing	22/03/2021	$	622,554.07	0	845,153
Northern Trust	10/03/2021	$	85.57	0	118
Northern Trust	11/03/2021	$	11,392.91	0	15,820
Northern Trust	11/03/2021	$	102,504.61	0	141,719

6. Associates

The reasons the persons above in paragraph 3 above are associates of the substantial holder are as follows:

Name & ACN	Nature of association
Not applicable

7. Addresses

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

Name		Address
Perennial Value Management	Level 27, 88 Phillip St
Limited	Sydney NSW 2000
Monash IVF Group Ltd	Monash Ivf Group LtdEpworth	Richmond Level 7 , Bridge Road Tower,

Signature

Print	Name Bill Anastasopoulos Capacity Company Secretary
Sign	Date 24/03/2021 Here