MURRAY COD AUSTRALIA LIMITED — Major Shareholding Notification 2022

Jan 9, 2022

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Com pany Nam e/Schem e Murray Cod Australia Lim ited

ACN/ARSN 143 928 625

1. Details of substantial holder (1)

Nam e Mr Ross Anderson ACN/ARSN (if applicable)

The holder becam e a substantial holder on 10 / 01 / 2022

2. Details of voting pow er

The total number of votes attached to all the voting shares in the com pany or voting interests in the schem e that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder becam e a substantial holder are as follows:

Class of securities(4)	Num ber of securities	Person's votes(5)	Voting power(6)
Fully paid ordinary shares (FPO)	62,510,592	62,510,592	8.86%

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 becam e a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Anderson’s Investm ent Service P/L ATF ClearPoint Capital Global Markets Fund	Direct	31,566,010 fully paid ordinary shares
Citicorp Nom inees Pty Ltd	Direct	944,582 fully paid ordinary shares
Kim balex Investm ents Pty Ltd ATF Kim balex Trust	Direct	30,000,000 fully paid ordinary shares

4. Details of present registered holders

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
As above

1. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four m onths prior to the day that the substantial holder becam e a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9) Cash Non-cash	Consideration (9) Cash Non-cash	Class and number of securities
Kim balex Investm ents Pty Ltd ATF Kim balex Trust	10/01/2022	$1,125,000	-	15,000,000 fully paid ordinary shares
Kim balex Investm ents Pty Ltd ATF Kim balex Trust	10/01/2022	-	(conversion of perform ance rights)	15,000,000 fully paid ordinary shares
Kim balex Investm ents Pty Ltd ATF Kim balex Trust	16/11/2021	$3,350,000	-	10,000,000 fully paid ordinary shares
Kim balex Investm ents Pty Ltd ATF Kim balex Trust	14/10/2021	$3,318,617	-	8,969,236 fully paid ordinary shares

6. Associates

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

Nam e and ACN/ARSN (if applicable)	Nature of association
Anderson’s Investm ent Service P/L ATF ClearPoint Capital Global Markets Fund	Trustee and beneficiary
Citicorp Nom inees Pty Ltd	Director and shareholder
Kim balex Pty Ltd ATF Kim balex Trust	Trustee and beneficiary

7. Addresses

The addresses of persons nam ed in this form are as follows:

Nam e	Address
Ross Anderson	C/- Level 1, 153 Yam bil Street, Griffith NSW 2680

Signature

print nam e Ross Anderson capacity Individual

sign here

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date 10 J anuary 2022

DIRECTIONS

• (1) If there are a num ber of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations,

• or the m anager and trustee of an equity trust), the nam es could be included in an annexure to the form . If the relevant interests of a group of persons are essentially sim ilar, they m ay be referred to throughout the form as a specifically nam ed group if the m em bership of each group, with the nam es and addresses of m embers is clearly set out in paragraph 7 of the form .

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

• (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 total number of votes attached to all the voting shares in the company or voting interests in the schem e (if any) that the person

• or an associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate or schem e m ultiplied by 100.

• (7) Include details of:

  • any relevant agreem ent or other circum stances by which the relevant interest was acquired. If subsection 671B(4) applies,

• (a) a copy of any docum ent setting out the terms of any relevant agreem ent, and a statem ent by the person giving full and accurate details of any contract, schem e or arrangem ent, must accom pany this form, together with a written statem ent certifying this contract, schem e or arrangem ent; and

• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers

• (b)

  • 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 agreem ent" in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determ ine the identity of the person ( eg. if the relevant interest arises because of an option) write "unknown".

• (9) 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 m ay, becom e 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 m ust 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.