ORORA LIMITED — Major Shareholding Notification 2021

Jun 27, 2021

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

ORORA LIMITED

To Company Name/Scheme

004 275 165

ACN/ARSN

1. Details of substantial holder(1)

YARRA MANAGEMENT NOMINEES PTY LTD ACN 616 681 068 ( YMN ); TA UNIVERSAL Name INVESTMENT HOLDINGS LTD ( UNIVERSAL ) YARRA CAPITAL MANAGEMENT LIMITED ACN 003 376 252 ( YCML ); NIKKO ASSET MANAGEMENT AUSTRALIA LIMITED ACN 002 542 038 ( NAM AU ); NIKKO AM EQUITIES AUSTRALIA PTY LTD ACN 149 370 301 ( NEAL ) 003 376 252

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on 24 / 06 / 21 The previous notice was given to the company on 14 / 04 / 21 The previous notice was dated 14 / 04 / 21

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:

lows:	lows:
Class of securities (4)		Previous notice				Present notice
		Person’s votes		Voting power (5)		Person’s votes		Voting power (5)
Ordinary Fully Paid Shares		60,041,229		6.5933%		49,513,780		5.5618%
Changes in relevant interests rticulars 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 mpany or scheme, since the substantial holder was last required to give a substantial holding notice to the company 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
13 April – 24 June 2021	All substantial holders named in 1 above		Acquisition		$ 661,932.02		+ 846,089		846,089
			Disposal		$ 31,362,743.78		- 11,373,538		11,373,538

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 are as follows:

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
All substantial holders named in 1 above	BNP Paribas Securities Services	NAM AU as the responsible entity/trustee for a range of managed investment schemes	Relevant interest held in NAM AU's capacity as responsible entity for the range of funds it manages.	Ordinary Fully Paid Shares / 4,644,092	4,644,092
All substantial holders named in 1 above	BNP Paribas Securities Services; Citicorp Nominees Pty Limited; National Australia Bank Limited (NAB Custodian Services); JP Morgan Nominees Australia Ltd; HSBC Custody Nominees (Australia); State Street Australia Limited; MizuhoTrust &Banking Co.	Various Clients of YCML	Relevant interest held in YCML's capacity as investment manager for a range of client portfolios.	Ordinary Fully Paid Shares / 44,869,688	44,869,688

604 page 2/2 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
YMN	LEVEL 19, 101 COLLINS STREET, MELBOURNE VICTORIA 3000
UNIVERSAL	3RD FLOOR, DEVONSHIRE HOUSE 1 MAYFAIR PLACE, LONDON W1J 8AJ, UNITED KINGDOM
YCML	ONE INTERNATIONAL TOWERS, LEVEL 26, 100 BARANGAROO AVENUE, BARANGAROO NSW 2000
NAM AU	ONE INTERNATIONAL TOWERS, LEVEL 26, 100 BARANGAROO AVENUE, BARANGAROO NSW 2000
NEAL	ONE INTERNATIONAL TOWERS, LEVEL 26, 100 BARANGAROO AVENUE, BARANGAROO NSW 2000

Signature

GARVIN LOUIE capacity COMPANY SECRETARY OF YCML print name

sign here date 28 / 6 / 2021

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.