ORORA LIMITED — Major Shareholding Notification 2020

Aug 2, 2020

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 ACN (if applicable) 000 431 827 There was a change in the interests of the Substantial holder on _ 30 _ / 07 / 2020 __ The previous notice was given to the company on 13 / 07 / 2020 __ The previous notice was dated 09 / 07 /_ 2020 __

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)	Previousnotice Presentnotice
	Person’s votes Voting power (5) Person’s votes Voting power (5)
Ordinary	111,784,039 11.58% 102,090,467 10.58%

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:

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Holder of Registered holder of Person entitled Nature of relevant Class and Person’s votes
relevant securities to be registered interest (6) number of
interest as holder (8) securities
Refer annexure 1 & 2
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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

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Signature

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Print name Sylvie Dimarco Capacity COMPANY SECRETARY
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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 603

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 603

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	HSBC Custody Nominees (Australia) Limited GPO Box 5302 Sydney NSW 2001

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 603

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 603

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 603

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
2243	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 603

ANNEXURE 2

PRESENT RELEVANT INTERESTS

ASXCode Internal Code ORA 17 ORA 26 ORA 2,216 ORA 2,085 ORA 212 ORA 2,222 ORA 2,163 ORA 2,100 ORA 2,161 ORA 2,243 ORA 2,152 ORA 649 ORA 650 ORA 2,125 ORA 2,124 ORA 2,127 ORA 651 ORA 740 ORA 941 ORA 44 ORA 695 ORA 215 ORA 220 ORA 652 ORA T2	Holding 3,701,094 7,060,131 942,878 1,329,718 4,416,574 120,601 1,631,217 1,863,816 565,033 195,361 5,893,386 10,796,449 2,084,579 236,542 126,663 651,725 1,015,913 3,391,812 3,441,256 6,471,702 13,832,667 19,689,985 2,499,007 4,315,250 5,817,108
	102,090,467

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 215 ORA 26 ORA 649 ORA 2125 ORA 652 ORA 651 ORA 2152 ORA 649 ORA 650 ORA 2222 ORA 702 ORA 212 ORA 740 ORA 215 ORA 220 ORA 2243 ORA 941 ORA 17 ORA 2085 ORA 2100 ORA 2124 ORA 2125 ORA 44 ORA 2130 ORA 2130 ORA 2130 ORA 2166 ORA 702 ORA 2161 ORA 649 ORA 650 ORA 2222 ORA 220 ORA 2243 ORA 2124 ORA 2125 ORA 44 ORA T2 ORA

Volume Value Price AsAtDate 1 - - 2.47 $ 14/07/2020 1 - 2.47 $ 14/07/2020 1 - 2.47 $ 14/07/2020 1 - 2.47 $ 14/07/2020 1 - 2.47 $ 14/07/2020 1 - 2.47 $ 14/07/2020 106,119 - 257,538 2.43 $ 16/07/2020 141,949 - 344,493 2.43 $ 16/07/2020 24,521 - 59,509 2.43 $ 16/07/2020 1,423 - 3,453 2.43 $ 16/07/2020 43,368 - 105,245 2.43 $ 16/07/2020 36,467 - 88,501 2.43 $ 16/07/2020 61,244 - 148,626 2.43 $ 16/07/2020 225,294 - 546,740 2.43 $ 16/07/2020 31,232 - 75,793 2.43 $ 16/07/2020 2,259 - 5,482 2.43 $ 16/07/2020 68,999 - 167,452 2.43 $ 16/07/2020 66,725 - 161,933 2.43 $ 16/07/2020 23,930 - 58,073 2.43 $ 16/07/2020 33,605 - 81,555 2.43 $ 16/07/2020 1,718 - 4,169 2.43 $ 16/07/2020 3,593 - 8,720 2.43 $ 16/07/2020 88,727 - 215,329 2.43 $ 16/07/2020 72,803 - 176,684 2.43 $ 16/07/2020 118,898 - 290,467 2.45 $ 17/07/2020 1,211,167 - 2,966,803 2.45 $ 17/07/2020 3,749,964 - 9,074,913 2.42 $ 20/07/2020 2,405,522 - 5,917,584 2.46 $ 20/07/2020 19,813 47,312 2.39 $ 24/07/2020 345,866 - 821,872 2.38 $ 28/07/2020 60,283 - 143,249 2.38 $ 28/07/2020 3,340 - 7,936 2.38 $ 28/07/2020 81,665 - 194,041 2.38 $ 28/07/2020 5,674 - 13,483 2.38 $ 28/07/2020 3,729 - 8,861 2.38 $ 28/07/2020 8,679 - 20,624 2.38 $ 28/07/2020 188,437 - 447,778 2.38 $ 28/07/2020 496,189 - 1,180,533 2.38 $ 28/07/2020 9,693,572 -

This is annexure 3 Page 1 of 1 referred to in Form 604