Opthea Ltd — Major Shareholding Notification 2019

Oct 28, 2019

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme OPTHEA LIMITED ACN/ARSN ACN 006 340 567

1. Details of substantial holder (1)

Name Credit Suisse Holdings (Australia) Limited (on behalf of Credit Suisse Group AG and its affiliates) ACN/ARSN (if applicable) 008 496 713

The holder ceased to be a substantial holder on 24-Oct-2019 The previous notice was given to the company on 24-Oct-2019 The previous notice was dated 24-Oct-2019

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
22-Oct-19	Credit Suisse Equities (Australia) Limited	Disposed on market	4,987.56 AUD	-1,401 Common Stock	-1,401
22-Oct-19	Credit Suisse Equities (Australia) Limited	Disposed on market	13,926.66 AUD	-3,927 Common Stock	-3,927
22-Oct-19	Credit Suisse Equities (Australia) Limited	Acquired on market	123,438.36 AUD	32,866 Common Stock	32,866
22-Oct-19	Credit Suisse Equities (Australia) Limited	Acquired on market	21,876.28 AUD	5,938 Common Stock	5,938
23-Oct-19	Credit Suisse Equities (Australia) Limited	Disposed on market	53,737.15 AUD	-15,221 Common Stock	-15,221
23-Oct-19	Credit Suisse Equities (Australia) Limited	Disposed on market	9,055.51 AUD	-2,548 Common Stock	-2,548
23-Oct-19	Credit Suisse Equities (Australia) Limited	Acquired on market	5,907.59 AUD	1,567 Common Stock	1,567
23-Oct-19	Credit Suisse Equities (Australia) Limited	Acquired on market	3,739.43 AUD	997 Common Stock	997
24-Oct-19	Credit Suisse Equities (Australia) Limited	Disposed on market	4,490.80 AUD	-1,198 Common Stock	-1,198
24-Oct-19	Credit Suisse Equities (Australia) Limited	Disposed on market	8,857.35 AUD	-2,418 Common Stock	-2,418
24-Oct-19	Credit Suisse Equities (Australia) Limited	Disposed on market	13,970.55 AUD	-3,705 Common Stock	-3,705
24-Oct-19	Credit Suisse Equities (Australia) Limited	Disposed on market	1,285.89 AUD	-342 Common Stock	-342

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24-Oct-19	Credit Suisse Equities (Australia) Limited	Acquired on market	4,871.06 AUD	1,331 Common Stock	1,331
24-Oct-19	Credit Suisse Equities (Australia) Limited	Acquired on market	44,258.23 AUD	11,914 Common Stock	11,914
24-Oct-19	Credit Suisse Equities (Australia) Limited	Acquired on market	1,737.13 AUD	472 Common Stock	472
24-Oct-19	Credit Suisse Equities (Australia) Limited	Acquired on market	1,122,000.0 AUD	300,000 Common Stock	300,000
22-Oct-19	Credit Suisse Securities (Europe) Limited	Stock returned under Master prime brokerage agreement	Refer to Annexure A of Notice	-17,487 Common Stock	-17,487
22-Oct-19	Credit Suisse Securities (Europe) Limited	Stock returned under Master prime brokerage agreement	Refer to Annexure A of Notice	-76,620 Common Stock	-76,620
22-Oct-19	Credit Suisse Securities (Europe) Limited	Stock returned under Master prime brokerage agreement	Refer to Annexure A of Notice	-1,792,342 Common Stock	-1,792,342
22-Oct-19	Credit Suisse Securities (Europe) Limited	Stock borrowed under Master prime brokerage agreement	Refer to Annexure A of Notice	1,886,449 Common Stock	1,886,449
22-Oct-19	Credit Suisse Securities (Europe) Limited	Stock returned under Master prime brokerage agreement	Refer to Annexure A of Notice	-394,805 Common Stock	-394,805
22-Oct-19	Credit Suisse Securities (Europe) Limited	Stock returned under Master prime brokerage agreement	Refer to Annexure A of Notice	-241,968 Common Stock	-241,968
22-Oct-19	Credit Suisse Securities (Europe) Limited	Stock returned under Master prime brokerage agreement	Refer to Annexure A of Notice	-47,376 Common Stock	-47,376
22-Oct-19	Credit Suisse Securities (Europe) Limited	Stock borrowed under Master prime brokerage agreement	Refer to Annexure A of Notice	15,291 Common Stock	15,291
22-Oct-19	Credit Suisse Securities (Europe) Limited	Stock returned under Master prime brokerage agreement	Refer to Annexure A of Notice	-324,116 Common Stock	-324,116
23-Oct-19	Credit Suisse Securities (Europe) Limited	Stock returned under Master prime brokerage agreement	Refer to Annexure A of Notice	-4,479,393 Common Stock	-4,479,393
23-Oct-19	Credit Suisse Securities (Europe) Limited	Stock returned under Master prime brokerage agreement	Refer to Annexure A of Notice	-1,358,710 Common Stock	-1,358,710
23-Oct-19	Credit Suisse Securities (Europe) Limited	Stock borrowed under Master prime brokerage agreement	Refer to Annexure A of Notice	5,838,103 Common Stock	5,838,103
24-Oct-19	Credit Suisse Securities (Europe) Limited	Stock returned under Master prime brokerage agreement	Refer to Annexure A of Notice	-333,390 Common Stock	-333,390
24-Oct-19	Credit Suisse Securities (Europe) Limited	Stock returned under Master prime brokerage agreement	Refer to Annexure A of Notice	-15,291 Common Stock	-15,291
24-Oct-19	Credit Suisse Securities (Europe) Limited	Stock returned under Master prime brokerage agreement	Refer to Annexure A of Notice	-505,610 Common Stock	-505,610

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 voting interests in the company or scheme are as follows:

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

4. Addresses

2

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

Name	Address
Credit Suisse Holdings (Australia) Limited (ACN 008 496 713)	Level 31, Gateway, 1 Macquarie Place, Sydney NSW 2000, Australia
CS Third Nominees Pty Limited (ACN 007 053 849)	Level 31, Gateway, 1 Macquarie Place, Sydney NSW 2000, Australia
Credit Suisse Equities (Australia) Limited (ACN 068 232 708)	Level 31, Gateway, 1 Macquarie Place, Sydney NSW 2000, Australia
Credit Suisse Fourth Nominees Pty Limited (ACN 069 126 432)	Level 31, Gateway, 1 Macquarie Place, Sydney NSW 2000, Australia
Credit Suisse Securities (Europe) Limited (ARBN 099554131)	One Cabot Square,London,E14 4QJ

Signature print name sign here	Winston Loke capacity Authorised Signatory
	date 29-Oct-2019

==> picture [73 x 31] intentionally omitted <==

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Annexure "A"

This is Annexure "A" referred to in the Form 605 "Notice of ceasing to be a substantial holder"

Signature print name sign here	Credit Suisse Holdings (Australia) Limited (ACN 008 496 713) Winston Loke capacity Authorised Signatory
	date 29-Oct-2019

==> picture [73 x 31] intentionally omitted <==

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Prescribed information

Schedule
Type of agreement	Master Prime Brokerage Securities Lending
	Agreement
Parties to agreement	Credit Suisse Securities (Europe) Limited and
	Tasman Market Neutral Fund
Transfer date	22-Oct-2019
Holder of voting rights	Borrower
Are there any restrictions on voting rights?	Yes
If yes, detail	Voting rights to be exercised in accordance
	with lender’s instructions provided such
	instructions are received 5 days prior.
Scheduled return date (if any)	N/A
Does the borrower have the right to return early?	Yes
If yes, detail	At Will
Does the lender have the right to recall early?	Yes
If yes, detail	With 4 days prior written notice or earlier upon
	agreement
Will the securities be returned on settlement?	Yes
If yes, detail any exceptions	If an event of default occurs in respect of either
	the lender or the borrower, the obligation of the
	borrower to deliver the securities to the lender
	will be netted off against the obligation of the
	lender to return securities or cash held by the
	lender as collateral.

5

Prescribed information

Schedule
Type of agreement	Master Prime Brokerage Securities Lending
	Agreement
Parties to agreement	Credit Suisse Securities (Europe) Limited and
	Regal Investment Fund
Transfer date	24-Oct-2019
Holder of voting rights	Borrower
Are there any restrictions on voting rights?	Yes
If yes, detail	Voting rights to be exercised in accordance
	with lender’s instructions provided such
	instructions are received 5 days prior.
Scheduled return date (if any)	N/A
Does the borrower have the right to return early?	Yes
If yes, detail	At Will
Does the lender have the right to recall early?	Yes
If yes, detail	With 4 days prior written notice or earlier upon
	agreement
Will the securities be returned on settlement?	Yes
If yes, detail any exceptions	If an event of default occurs in respect of either
	the lender or the borrower, the obligation of the
	borrower to deliver the securities to the lender
	will be netted off against the obligation of the
	lender to return securities or cash held by the
	lender as collateral.

6

Prescribed information

Schedule
Type of agreement	Master Prime Brokerage Securities Lending
	Agreement
Parties to agreement	Credit Suisse Securities (Europe) Limited and
	Regal Australian LS Equity Fund
Transfer date	22-Oct-2019
Holder of voting rights	Borrower
Are there any restrictions on voting rights?	Yes
If yes, detail	Voting rights to be exercised in accordance
	with lender’s instructions provided such
	instructions are received 5 days prior.
Scheduled return date (if any)	N/A
Does the borrower have the right to return early?	Yes
If yes, detail	At Will
Does the lender have the right to recall early?	Yes
If yes, detail	With 4 days prior written notice or earlier upon
	agreement
Will the securities be returned on settlement?	Yes
If yes, detail any exceptions	If an event of default occurs in respect of either
	the lender or the borrower, the obligation of the
	borrower to deliver the securities to the lender
	will be netted off against the obligation of the
	lender to return securities or cash held by the
	lender as collateral.

7

Prescribed information
Schedule
Type of agreement	Master Prime Brokerage Securities Lending
	Agreement
Parties to agreement	Credit Suisse Securities (Europe) Limited and
	L1 Long Short Fund Limited
Transfer date	23-Oct-2019
Holder of voting rights	Borrower
Are there any restrictions on voting rights?	Yes
If yes, detail	Voting rights to be exercised in accordance
	with lender’s instructions provided such
	instructions are received 5 days prior.
Scheduled return date (if any)	N/A
Does the borrower have the right to return early?	Yes
If yes, detail	At Will
Does the lender have the right to recall early?	Yes
If yes, detail	With 4 days prior written notice or earlier upon
	agreement
Will the securities be returned on settlement?	Yes
If yes, detail any exceptions	If an event of default occurs in respect of either
	the lender or the borrower, the obligation of the
	borrower to deliver the securities to the lender
	will be netted off against the obligation of the
	lender to return securities or cash held by the
	lender as collateral.

8

Prescribed information
Schedule
Type of agreement	Master Prime Brokerage Securities Lending
	Agreement
Parties to agreement	Credit Suisse Securities (Europe) Limited and
	L1 Capital Long Short Fund
Transfer date	22-Oct-2019
Holder of voting rights	Borrower
Are there any restrictions on voting rights?	Yes
If yes, detail	Voting rights to be exercised in accordance
	with lender’s instructions provided such
	instructions are received 5 days prior.
Scheduled return date (if any)	N/A
Does the borrower have the right to return early?	Yes
If yes, detail	At Will
Does the lender have the right to recall early?	Yes
If yes, detail	With 4 days prior written notice or earlier upon
	agreement
Will the securities be returned on settlement?	Yes
If yes, detail any exceptions	If an event of default occurs in respect of either
	the lender or the borrower, the obligation of the
	borrower to deliver the securities to the lender
	will be netted off against the obligation of the
	lender to return securities or cash held by the
	lender as collateral.

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