NEXTED GROUP LIMITED — Major Shareholding Notification 2022

Dec 15, 2022

604 Page 1 of 2 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Next E d Group Limited (ASX:NXD)

ACN/ARSN ACN: 105 012 066

1. Details of substantial holder (1)

Name

Wilson Asset Management Group (refer entities listed in Annexure A)

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on

substantial holder on 14 / 12 / 2022 The previous notice was given to the company on 15 / 11 / 2022 The previous notice was dated 15 / 11 / 2022

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:

ompany 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 Shares	76,302,536	6.97%	18,454,2961	8.42%

1 Holdings and all trading have been adjusted for the share consolidation announced 18 November 2022.

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
Refer to Annexure B

4. 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 (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Refer to Annexure C

604 Page 2 of 2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, 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
N/A

6. Addresses

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

Name	Address
Refer to Annexure A

Signature

print name sign here	Kim Heng capacity Chief Operations Officer
	date 16/12/2022

DIRECTIONS

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

• (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 person's votes divided by the total votes in the body corporate or 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 (eg. if the relevant interest arises because of an option) write "unknown".

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

Annexure A

Wilson Asset Management Group

1. Details of Wilson Asset Management Group

1. Details of Wilson Asset Management Group
Name	ACN / ARSN
Wilson AssetManagement (International)PtyLimited	(ACN081047 118)
MAM PtyLimited	(ACN 100276 542)
WAMCapital Limited	(ACN086 587395)
WAM Research Limited	(ACN 100 504541)
WAM ActiveLimited	(ACN 126420719)
Botanical NomineesPtyLimited as trustee oftheWilson AssetManagementEquityFund	(ACN081032000)
WAM LeadersLimited	(ACN611053751)
WAM MicrocapLimited	(ACN617838418)
WAMGlobal Limited	(ACN624572925)
WAMStrategicValueLimited	(ACN649 096220)
WAM Alternative Assets Limited	(ACN 168 941 704)

6. Addresses

Name	Address
Wilson AssetManagement (International)PtyLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
MAM PtyLimited	Level 26,1 Farrer Place, Sydney, NSW 2000
WAMCapital Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Research Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM ActiveLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
Botanical NomineesPtyLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM LeadersLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM MicrocapLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM AlternativeAssetsLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAMStrategicValueLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAMGlobal Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
CitigroupPtyLimited	Level 21, 2 Park Street, Sydney NSW 2000

Signed: _____

Date: 16/12/2022

ANNEXURE B

ANNEXURE B
Date of Change	Persons whose relevant interest changed	Nature of Change	Consideration given in relation to change (9)	Number of Securities affected	Class of Securities affected	Persons votes affected
25-Nov-22	WAMCapital Limited	On MarketPurchase	(47,162.44)	36,964	Ordinary Shares	36,964
25-Nov-22	WAM ActiveLimited	On MarketPurchase	(3,909.36)	3,064	Ordinary Shares	3,064
25-Nov-22	Botanical Nominees Pty Limited as trustee of the Wilson AssetManagementEquityFund	On MarketPurchase	(2,436.97)	1,910	Ordinary Shares	1,910
07-Dec-22	WAMCapital Limited	On MarketPurchase	(498,890.44)	411,355	Ordinary Shares	411,355
07-Dec-22	WAM ActiveLimited	On MarketPurchase	(37,259.58)	30,722	Ordinary Shares	30,722
07-Dec-22	Botanical Nominees Pty Limited as trustee of the Wilson AssetManagementEquityFund	On MarketPurchase	(18,526.70)	15,276	Ordinary Shares	15,276
08-Dec-22	WAMCapital Limited	On MarketPurchase	(386,889.69)	319,296	Ordinary Shares	319,296
08-Dec-22	WAM ActiveLimited	On MarketPurchase	(28,895.31)	23,847	Ordinary Shares	23,847
08-Dec-22	Botanical Nominees Pty Limited as trustee of the Wilson AssetManagementEquityFund	On MarketPurchase	(14,367.08)	11,857	Ordinary Shares	11,857
12-Dec-22	WAM MicrocapLimited	On MarketPurchase	(16,506.73)	14,268	Ordinary Shares	14,268
13-Dec-22	WAMCapital Limited	On MarketPurchase	(988,582.98)	879,298	Ordinary Shares	879,298
13-Dec-22	WAM ActiveLimited	On MarketPurchase	(75,233.87)	66,917	Ordinary Shares	66,917
13-Dec-22	Botanical Nominees Pty Limited as trustee of the Wilson AssetManagementEquityFund	On MarketPurchase	(36,946.32)	32,862	Ordinary Shares	32,862
14-Dec-22	WAM Capital Limited	On Market Purchase	(1,369,481.54)	1,218,570	OrdinaryShares	1,218,570
14-Dec-22	WAM Active Limited	On Market Purchase	(94,761.46)	84,319	OrdinaryShares	84,319
14-Dec-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management Equity Fund	On Market Purchase	(48,624.12)	43,266	Ordinary Shares	43,266

Signed: _____ Date: 16/12/2022

ANNEXURE C

Holder of Relevant Interest	Registered Holder of Securities	Nature of relevent interest(7)	Person entitled to be registered as holder(8)	Class and Number of Securities
Botanical Nominees Pty Limited as trustee of the Wilson Asset Management Equity Fund	Citigroup Pty Limited	Management of portfolio of Botanical Nominees Pty Limited as trustee of the Wilson Asset Management Equity Fund	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management Equity Fund	439,965 ordinary shares
WAM Active Limited	Citigroup Pty Limited	Management of portfolio of WAM Active Limited	WAM Active Limited	888,141 ordinary shares
WAM Capital Limited	Citigroup Pty Limited	Management of portfolio of WAM Capital Limited	WAM Capital Limited	12,618,427 ordinary shares
WAM Microcap Limited	Citigroup Pty Limited	Management of portfolio of WAM Microcap Limited	WAM Microcap Limited	4,507,763 ordinary shares

Signed: _____

Date: 16/12/2022