ORA BANDA MINING LTD — Major Shareholding Notification 2020

Nov 10, 2020

Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

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To: Ora Banda Mining Ltd
ACN/ARSN: 69 100 038 266 Source: Australian Business Register
Name: Perennial Value Management Limited
ACN: 22 090 879 904
The holder became a substantial shareholder on: 9 November 2020
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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 44,864,113 44,864,113 5.34
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)
Perennial Value Management Investment Manager 44,864,113
Limited
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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		35,103,587
Perennial Value Management	Northern Trust	Northern Trust		3,706,545
Limited
Perennial Value Management Limited	BNP Paribas Securities Services	BNP Paribas Securities Services		6,053,981

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
National Asset Servicing		22/09/2020	$	77,214.65		0		220,129
National Asset Servicing		22/09/2020	$	11,010.67		0		31,390
National Asset Servicing		23/09/2020	$	204,968.12		0		591,093
National Asset Servicing		23/09/2020	$	29,227.46		0		84,287
BNP Paribas Securities Services		16/10/2020	$	913,478.45				2,762,040
						0
BNP Paribas Securities Services		16/10/2020	$	552,348.80				1,670,110
						0
National Asset Servicing		16/10/2020	$	1,243,343.56		0		3,759,437
National Asset Servicing		16/10/2020	$	442,371.16		0		1,337,576
National Asset Servicing		16/10/2020	$	121,524.61		0		367,448
National Asset Servicing		16/10/2020	$	896,582.64		0		2,710,953
Northern Trust		16/10/2020	$	925,586.32		0		2798650
BNP Paribas Securities Services		28/10/2020	$	7,441.34				23,760
						0
National Asset Servicing		28/10/2020	$	12,500.26		0		39,913
Northern Trust		28/10/2020	$	13,059.61		0		41,699
National Asset Servicing		3/11/2020	$	29,926.19		0		99,535
National Asset Servicing		4/11/2020	$	18,224.51		0		60,615

National Asset Servicing	5/11/2020	$	9,508.07	0	31,624
BNP Paribas Securities Services	6/11/2020	$	110,676.65		339,796
				0
BNP Paribas Securities Services	6/11/2020	$	248,943.76		758,465
				0
BNP Paribas Securities Services	6/11/2020	$	50,367.93		154,638
				0
BNP Paribas Securities Services	6/11/2020	$	113,292.53		345,172
				0
National Asset Servicing	6/11/2020	$	84,617.52	0	259,790
National Asset Servicing	6/11/2020	$	190,329.48	0	579,883
National Asset Servicing	6/11/2020	$	183,488.95	0	563,342
National Asset Servicing	6/11/2020	$	412,720.21	0	1,257,448
National Asset Servicing	6/11/2020	$	42,005.84	0	128,965
National Asset Servicing	6/11/2020	$	94,482.54	0	287,863
National Asset Servicing	6/11/2020	$	25,239.67	0	77,490
National Asset Servicing	6/11/2020	$	56,771.97	0	172,969
Northern Trust	6/11/2020	$	87,290.32	0	267,996
Northern Trust	6/11/2020	$	196,341.50	0	598,200

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 Limited	Level 27, 88 Phillip St Sydney NSW 2000
Ora Banda Mining Ltd	Ora Banda Mining Ltd2 Kings Park Road Level 1, West Perth, Wa 6005
Signature Print Name	Bill Anastasopoulos Capacity	Company Secretary
Sign Here	Date	11/11/2020