ORORA LIMITED — Major Shareholding Notification 2019

May 19, 2019

Corporations Law Section 671B

Form 604

Notice of change of interests of substantial holder

To Company Name/Scheme ORORA LIMITED

ACN/ARSN 004 275 165

1. Details of substantial holder (1)

Name	PERPETUAL LIMITED and its related bodies corporate	PERPETUAL LIMITED and its related bodies corporate
ACN (if applicable)	000	431 827
There was a change in the interests of the
Substantial holder on		16 /05/_2019__
The previous notice was given to the company	on	_24 /04/2019__
The previous notice was dated		_17 /04/2019__

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:

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person’s votes	Voting power (5)	Person’s votes	Voting power (5)
Ordinary	62,757,422	5.20%	76,040,701	6.30%

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 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 annexure 3

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 annexure 1 & 2

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 (if applicable) Nature of association Perpetual Investment Management Limited Related bodies corporate of Perpetual Limited Perpetual Trustee Company Limited Related bodies corporate of Perpetual Limited

6. Addresses

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

Name Address Perpetual Limited 18/123 Pitt Street Sydney, NSW 2000 Perpetual Investment Management Limited 18/123 Pitt Street Sydney, NSW 2000 Perpetual Trustee Company Limited 18/123 Pitt Street Sydney, NSW 2000

==> picture [123 x 26] intentionally omitted <==

Signature

Print name ELEANOR PADMAN Capacity COMPANY SECRETARY

ANNEXURE 1 - Perpetual Investments Account Codes & Details

Perpetual Investment Management Limited (PIML), subsidiary of Perpetual Limited, as Responsible Entity for:

INTERNAL CODE	REGISTRATION DETAILS
17	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
26	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
33	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
118	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
212	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
649	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
650	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
652	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
653	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
651	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
654	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
670	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
695	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
774	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001

This is Annexure 1 Page 1 of 6 referred to in Form 604

855	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
2093	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
2095	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
2124	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
2125	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
2127	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
2128	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
2199	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
2210	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
2219	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
2130	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
2089	RBC Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001
2086	RBC Investor Services Australia Nominees Pty Ltd GPO Box 5430 Sydney NSW 2001
106	RBC Investor Services Australia Nominees Pty Ltd GPO Box 5430 Sydney NSW 2001
133	RBC Investor Services Australia Nominees Pty Ltd GPO Box 5430 Sydney NSW 2001

This is Annexure 1 Page 2 of 6 referred to in Form 604

323	RBC Investor Services Australia Nominees Pty Ltd GPO Box 5430 Sydney NSW 2001
669	RBC Investor Services Australia Nominees Pty Ltd GPO Box 5430 Sydney NSW 2001
139	RBC Investor Services Australia Nominees Pty Ltd GPO Box 5430 Sydney NSW 2001
44	UBS Nominees Pty Ltd Level 16 Chifley Tower 2 Chifley Square Sydney NSW 2000
108	UBS Nominees Pty Ltd Level 16, Chifley Tower 2 Chifley Square Sydney NSW 2000
414	UBS Nominees Pty Ltd Level 16 Chifley Tower 2 Chifley Square Sydney NSW 2000
696	UBS Nominees Pty Ltd Level 16 Chifley Tower 2 Chifley Square Sydney NSW 2000
941	UBS Nominees Pty Ltd Level 16 Chifley Tower 2 Chifley Square Sydney NSW 2000

Perpetual Investment Management Limited (PIML), subsidiary of Perpetual Limited, as Trustee for:

ALL 'SS' CODES	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001

Perpetual Investment Management Limited (PIML), subsidiary of Perpetual Limited, under Investment Management Agreements with:

INTERNAL CODE	REGISTRATION DETAILS
227	BNP Paribas Nominees Pty Ltd PO Box R209 Royal Exchange NSW 1225
248	BNP Paribas Noms Pty Ltd P.O. Box R209 Royal Exchange Sydney NSW 1225
702	BNP Paribas Nominees Pty Ltd PO Box R209 Royal Exchange NSW 1225
740	BNP Paribas Nominees Pty Ltd PO Box R209 Royal Exchange NSW 1225

This is Annexure 1 Page 3 of 6 referred to in Form 604

786	BNP Paribas Nominees Pty Ltd PO Box R209 Royal Exchange NSW 1225
2085	BNP Paribas Nominees Pty Ltd PO Box R209 Royal Exchange NSW 1225
2122	BNP Paribas Nominees Pty Ltd PO Box R209 Royal Exchange NSW 1225
2131	BNP Paribas Nominees Pty Ltd PO Box R209 Royal Exchange NSW 1225
2216	BNP Paribas Nominees Pty Ltd PO Box R209 Royal Exchange NSW 1225
220	Citicorp Nominees Pty Ltd GPO Box 764G Melbourne VIC 3001
221	Citicorp Nominees Pty Ltd GPO Box 764G Melbourne VIC 3001
222	Citicorp Nominees Pty Ltd GPO Box 764G Melbourne VIC 3001
224	Citicorp Nominees Pty Ltd GPO Box 764G Melbourne VIC 3001
2163	Northern Trust Company Melbourne Branch: HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
2222	Citicorp Nominees Pty Ltd GPO Box 764G Melbourne VIC 3001
194	Northern Trust Company Melbourne Branch: HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
779	State Street Limited 420 George Street Sydney NSW 2000
2101	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
2152	Northern Trust Company Melbourne Branch: HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001

This is Annexure 1 Page 4 of 6 referred to in Form 604

2161	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001
2172	State Street Limited 420 George Street Sydney NSW 2000
210	JPMorgan Nominees Australia Limited Locked Bag 20049 Melbourne VIC 3001
215	JPMorgan Nominees Australia Limited Locked Bag 20049 Melbourne VIC 3001
230	JPMorgan Nominees Australia Limited Locked Bag 20049 Melbourne VIC 3001
231	JPMorgan Nominees Australia Limited Locked Bag 20049 Melbourne VIC 3001
392	JPMorgan Nominees Australia Limited Locked Bag 20049 Melbourne VIC 3001
394	JPMorgan Nominees Australia Limited Locked Bag 20049 Melbourne VIC 3001
449	JPMorgan Nominees Australia Limited Locked Bag 20049 Melbourne VIC 3001
773	JPMorgan Nominees Australia Limited Locked Bag 20049 Melbourne VIC 3001
788	JPMorgan Nominees Australia Limited Locked Bag 20049 Melbourne VIC 3001
791	JPMorgan Nominees Australia Limited Locked Bag 20049 Melbourne VIC 3001
2100	JPMorgan Nominees Australia Limited Locked Bag 20049 Melbourne VIC 3001
2166	JPMorgan Nominees Australia Limited Locked Bag 20049 Melbourne VIC 3001
711	National Nominees Pty Ltd PO Box 1406 Melbourne VIC 3001

This is Annexure 1 Page 5 of 6 referred to in Form 604

787	National Nominees Pty Ltd PO Box 1406 Melbourne VIC 3001
2083	National Nominees Pty Ltd PO Box 1406 Melbourne VIC 3001
2097	National Nominees Pty Ltd PO Box 1406 Melbourne VIC 3001
2160	National Nominees Pty Ltd PO Box 1406 Melbourne VIC 3001
2220	National Nominees Pty Ltd PO Box 1406 Melbourne VIC 3001

Perpetual Trustee Company Limited as trustee, custodian or nominee	Perpetual Trustee Company Limited as trustee, custodian or nominee
INTERNAL CODE	REGISTRATION DETAILS
T2	Perpetual Trustee Company Limited GPO Box 4172 Sydney NSW 2001
T3	The Trust Company Limited GPO Box 4270 Sydney NSW 2001
T4	Perpetual Trustee Company Limited GPO Box 4172 Sydney NSW 2001
T6	Perpetual Trustee Company Limited GPO Box 4172 Sydney NSW 2001
T7	Perpetual Trustee Company Limited GPO Box 4172 Sydney NSW 2001

This is Annexure 1 Page 6 of 6 referred to in Form 604

ANNEXURE 2

PRESENT RELEVANT INTERESTS

ASXCode	Internal Code	Holding
ORA	17	552,488
ORA	26	1,189,132
ORA	2130	2,561,299
ORA	194	280,436
ORA	2216	2,374,471
ORA	2166	242,030
ORA	2085	226,342
ORA	2222	75,427
ORA	2163	3,949,320
ORA	2100	229,395
ORA	2161	363,158
ORA	702	296,796
ORA	2152	733,111
ORA	649	4,152,133
ORA	650	752,801
ORA	2125	89,621
ORA	2131	606,546
ORA	2124	52,960
ORA	2127	1,541,719
ORA	779	334,067
ORA	651	2,366,122
ORA	740	413,479
ORA	2097	588,852
ORA	941	559,853
ORA	44	3,445,604
ORA	695	11,600,858
ORA	215	1,919,294
ORA	220	879,787
ORA	652	10,906,234
ORA	653	5,169,545
ORA	T2	17,002,904
ORA	449	584,917

This is annexure 2 Page 1 of 1 referred to in Form 604 Title: Notice of change of interests of substantial holder

ANNEXURE 3

CHANGES IN RELEVANT INTERESTS

Account		Security	Volume	Value	Value	AsAtDate
	2131	ORA	13,084	$	40,541.52	08/05/2019
	2131	ORA	22,861	$	70,842.97	08/05/2019
	2131	ORA	51,662	$	154,349.86	01/05/2019
	2131	ORA	47,508	$	146,016.71	01/05/2019
	2131	ORA	115,801	$	352,692.27	01/05/2019
	2161	ORA	6,047	$	19,133.67	16/05/2019
	2161	ORA	11,682	$	36,969.53	16/05/2019
	695	ORA	15,468	$	48,238.32	14/05/2019
	695	ORA	249,161	$	776,082.11	14/05/2019
	695	ORA	149,193	$	467,094.38	13/05/2019
	695	ORA	679,219	$	2,108,816.23	09/05/2019
	695	ORA	32,884	$	101,889.64	08/05/2019
	2152	ORA	17,416	$	53,964.46	08/05/2019
	695	ORA	57,457	$	178,051.04	08/05/2019
	2152	ORA	30,431	$	94,301.32	08/05/2019
	695	ORA	364,716	$	1,131,152.51	07/05/2019
	695	ORA	205,653	$	635,188.39	06/05/2019
	2152	ORA	64,213	$	191,848.31	01/05/2019
	2152	ORA	59,052	$	181,497.40	01/05/2019
	2152	ORA	119,708	$	364,591.73	01/05/2019
	2166	ORA	63,323	$	200,363.93	16/05/2019
	T2	ORA	69,816	$	216,429.60	16/05/2019
	2161	ORA	9,339	$	29,088.95	14/05/2019
	2161	ORA	5,520	$	17,282.05	13/05/2019
	2161	ORA	20,781	$	64,520.14	09/05/2019
	2161	ORA	1,381	$	4,279.52	08/05/2019
	2161	ORA	791	$	2,450.88	08/05/2019
	695	ORA	133,846	$	399,889.88	01/05/2019
	695	ORA	123,085	$	378,303.99	01/05/2019
	695	ORA	255,393	$	777,844.21	01/05/2019
	695	ORA	140,550	$	425,099.54	30/04/2019
	2161	ORA	10,284	$	31,895.42	07/05/2019
	2161	ORA	5,847	$	18,059.29	06/05/2019
	2161	ORA	4,203	$	12,557.25	01/05/2019
	2161	ORA	3,866	$	11,882.22	01/05/2019
	2161	ORA	9,607	$	29,259.80	01/05/2019
	2161	ORA	4,450	$	13,459.22	30/04/2019
	702	ORA	6,654	$	20,620.12	08/05/2019
	702	ORA	11,626	$	36,031.37	08/05/2019
	2130	ORA	88,367	$	279,607.10	16/05/2019
	702	ORA	25,815	$	77,135.79	01/05/2019
	2166	ORA	122,330	$	387,132.63	16/05/2019
	702	ORA	23,741	$	72,976.59	01/05/2019
	702	ORA	51,194	$	155,937.82	01/05/2019
	740	ORA	17,153	$	53,160.67	08/05/2019
	740	ORA	9,817	$	30,421.95	08/05/2019
	740	ORA	36,218	$	108,220.19	01/05/2019

This is annexure 3 Page 1 of 4 referred to in Form 604 Title: Notice of change of interests of substantial holder

740	ORA		33,307	$	102,381.17	01/05/2019
740	ORA		67,543	$	205,737.17	01/05/2019
779	ORA		8,434	$	26,136.16	08/05/2019
779	ORA		14,736	$	45,669.89	08/05/2019
779	ORA	-	1,370	$	4,212.64	06/05/2019
779	ORA		29,261	$	87,432.51	01/05/2019
779	ORA		26,909	$	82,714.60	01/05/2019
779	ORA		54,516	$	166,056.70	01/05/2019
17	ORA		96,542	$	294,035.61	01/05/2019
17	ORA		47,610	$	146,330.21	01/05/2019
17	ORA		51,772	$	154,678.50	01/05/2019
194	ORA		5,380	$	16,672.11	08/05/2019
194	ORA		9,401	$	29,135.62	08/05/2019
449	ORA		14,126	$	43,775.13	08/05/2019
449	ORA		24,684	$	76,500.78	08/05/2019
449	ORA		51,122	$	152,753.67	01/05/2019
449	ORA		47,011	$	144,505.40	01/05/2019
449	ORA		95,714	$	291,546.53	01/05/2019
194	ORA		21,408	$	65,805.28	01/05/2019
194	ORA		23,277	$	69,552.20	01/05/2019
194	ORA		61,056	$	185,977.66	01/05/2019
941	ORA		22,204	$	68,807.03	08/05/2019
941	ORA		12,707	$	39,372.09	08/05/2019
26	ORA		26,620	$	82,483.59	08/05/2019
26	ORA		46,513	$	144,137.14	08/05/2019
215	ORA		45,538	$	141,117.92	08/05/2019
215	ORA		79,571	$	246,606.86	08/05/2019
941	ORA		52,094	$	155,640.54	01/05/2019
941	ORA		47,906	$	147,239.96	01/05/2019
941	ORA		100,000	$	304,567.55	01/05/2019
26	ORA		104,576	$	312,440.31	01/05/2019
26	ORA		190,344	$	579,726.06	01/05/2019
26	ORA		96,169	$	295,577.19	01/05/2019
215	ORA		168,126	$	502,364.21	01/05/2019
215	ORA		154,611	$	475,253.12	01/05/2019
215	ORA		313,179	$	953,948.77	01/05/2019
2085	ORA		9,389	$	29,098.44	08/05/2019
2085	ORA		5,373	$	16,650.41	08/05/2019
220	ORA		72,009	$	224,317.50	14/05/2019
220	ORA		42,659	$	133,572.06	13/05/2019
2085	ORA		19,827	$	59,243.51	01/05/2019
2085	ORA		18,232	$	56,042.68	01/05/2019
2085	ORA		36,974	$	112,623.46	01/05/2019
2222	ORA		6,103	$	19,011.65	14/05/2019
220	ORA		60,977	$	189,340.59	09/05/2019
220	ORA		9,914	$	30,721.55	08/05/2019
220	ORA		17,324	$	53,690.63	08/05/2019
2222	ORA		3,838	$	12,017.39	13/05/2019
220	ORA		57,254	$	176,856.95	06/05/2019
220	ORA		125,773	$	389,279.83	02/05/2019
2222	ORA		5,241	$	16,273.91	09/05/2019
2222	ORA		861	$	2,668.08	08/05/2019
2222	ORA		1,505	$	4,664.30	08/05/2019

This is annexure 3 Page 2 of 4 referred to in Form 604 Title: Notice of change of interests of substantial holder

220	ORA	39,061	$	116,715.13	01/05/2019
220	ORA	35,920	$	110,413.19	01/05/2019
220	ORA	74,735	$	227,644.13	01/05/2019
2222	ORA	4,993	$	15,423.32	06/05/2019
2222	ORA	10,733	$	33,219.70	02/05/2019
2222	ORA	3,334	$	9,962.07	01/05/2019
2222	ORA	3,066	$	9,424.46	01/05/2019
2222	ORA	6,654	$	20,268.20	01/05/2019
2100	ORA	5,444	$	16,868.54	08/05/2019
2100	ORA	9,512	$	29,476.33	08/05/2019
2100	ORA	20,094	$	60,034.57	01/05/2019
2100	ORA	18,479	$	56,795.55	01/05/2019
2100	ORA	37,429	$	113,996.59	01/05/2019
649	ORA	332,140	$	1,034,543.56	14/05/2019
649	ORA	199,877	$	625,776.15	13/05/2019
44	ORA	277,073	$	863,021.89	14/05/2019
649	ORA	285,220	$	885,541.43	09/05/2019
649	ORA	44,745	$	138,640.44	08/05/2019
649	ORA	78,184	$	242,281.04	08/05/2019
649	ORA	273,927	$	846,062.31	06/05/2019
44	ORA	173,535	$	543,304.46	13/05/2019
44	ORA	236,049	$	732,876.97	09/05/2019
44	ORA	37,704	$	116,824.20	08/05/2019
649	ORA	596,379	$	1,845,644.43	02/05/2019
44	ORA	65,880	$	204,152.71	08/05/2019
44	ORA	225,950	$	697,878.55	06/05/2019
649	ORA	185,204	$	553,331.49	01/05/2019
649	ORA	170,316	$	523,469.34	01/05/2019
649	ORA	355,959	$	1,084,135.62	01/05/2019
44	ORA	493,115	$	1,526,068.08	02/05/2019
44	ORA	153,144	$	457,546.27	01/05/2019
44	ORA	140,834	$	432,855.88	01/05/2019
44	ORA	296,280	$	902,372.75	01/05/2019
650	ORA	60,147	$	187,344.77	14/05/2019
650	ORA	37,024	$	115,914.97	13/05/2019
650	ORA	51,122	$	158,721.86	09/05/2019
650	ORA	8,077	$	25,026.23	08/05/2019
650	ORA	14,114	$	43,737.28	08/05/2019
650	ORA	49,517	$	152,940.27	06/05/2019
650	ORA	108,128	$	334,629.22	02/05/2019
650	ORA	33,587	$	100,347.43	01/05/2019
2124	ORA	4,278	$	13,325.04	14/05/2019
2124	ORA	2,686	$	8,409.34	13/05/2019
650	ORA	30,887	$	94,931.76	01/05/2019
650	ORA	62,071	$	189,048.13	01/05/2019
2124	ORA	5,170	$	16,051.64	09/05/2019
2124	ORA	3,497	$	10,800.98	06/05/2019
2124	ORA	7,576	$	23,445.83	02/05/2019
2124	ORA	2,353	$	7,030.02	01/05/2019
2124	ORA	2,164	$	6,651.09	01/05/2019
2124	ORA	4,286	$	13,053.77	01/05/2019
2125	ORA	7,250	$	22,582.16	14/05/2019
2125	ORA	4,520	$	14,151.24	13/05/2019

This is annexure 3 Page 3 of 4 referred to in Form 604 Title: Notice of change of interests of substantial holder

2125	ORA	6,221	$	19,314.75	09/05/2019
2125	ORA	991	$	3,070.57	08/05/2019
2125	ORA	1,731	$	5,364.12	08/05/2019
2125	ORA	5,862	$	18,105.62	06/05/2019
2125	ORA	12,796	$	39,600.43	02/05/2019
2125	ORA	3,975	$	11,876.05	01/05/2019
2125	ORA	3,655	$	11,233.70	01/05/2019
2125	ORA	7,515	$	22,888.26	01/05/2019
2130	ORA	170,708	$	540,232.47	16/05/2019
695	ORA	192,263	$	608,350.40	16/05/2019
2130	ORA	82,500	$	256,969.48	14/05/2019
2130	ORA	19,428	$	60,204.59	08/05/2019
2130	ORA	11,119	$	34,451.74	08/05/2019
2130	ORA	67,500	$	208,483.29	06/05/2019
2130	ORA	145,500	$	450,286.25	02/05/2019
2130	ORA	87,500	$	266,496.61	01/05/2019
2130	ORA	41,918	$	128,835.74	01/05/2019
2130	ORA	45,582	$	136,184.72	01/05/2019
695	ORA	371,420	$	1,175,417.35	16/05/2019
2161	ORA	5,384	$	17,039.00	16/05/2019
2166	ORA	56,377	$	178,416.00	16/05/2019
2130	ORA	78,674	$	248,980.00	16/05/2019
695	ORA	171,174	$	541,714.00	16/05/2019

This is annexure 3 Page 4 of 4 referred to in Form 604 Title: Notice of change of interests of substantial holder