PEET LIMITED — Major Shareholding Notification 2017

Mar 8, 2017

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/ Scheme	PEET LIMITED
ACN/ARSN
1. Details of substantial holder (1)Name	L1 Capital Pty Ltd
ACN/ ARSN (if applicable)	21 125 378 145
The holder became a substantial holder on	7/03/2017

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
FÞC	25.513.396	25.513.396	5.21%

*Based on issued capital of 489,980,559 shares

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 substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
See Schedule

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

	Registered Holder of	Person entitled to be
Holder of relevant interest	securities	registered as holder (8)	Class and number of securities
ISee Schedule 1

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder ofrelevant	Date of	Consideration (9)
interest	acquisition	Cash	Non-cash	Class and number of securities
		Consideration forAcquisition of Shares$7.022.769		Acquisition of 6,715,096 shares
L1 Capital PtyLtd	07/11/2016 -07/03/2017	Consideration forDisposal of Shares$10,292		Disposal of 11,202 shares

Name and ACN/ ARSN (if applicable)	associationINature.ി
IN/A

7. Addresses

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

ю	VIC.3000.LevelMelbourne.۵۵∽יווור∍

Signature

Print name	Mark Landau	Capacity	Director
Sign here		Date	$\mathcal{P} \cap (\exists \vdash$

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 the state in an annex 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 function of persons are essentially simila

$\overline{\phantom{a}}$

• $(2)$ 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.
• The voting shares of a company constitute one class unless divided into separate classes $(4)$
• $(5)$

The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant

• $(6)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(7)$ Include details of:
  • any relevant agreement or other circumstances by which the relevant interest was acquired. 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

$(b)$

$(a)$

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.

$(8)$

If the substantial holder is unable to delermine the identity of the person (eg. if the relevant inlerest arises because of an option) write "unknown".

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 $(9)$ 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

Schedule 1 - L1 Capital Pty Ltd becoming a substantial holder in PEET LIMITED Details of relevant interests

Holder of relevant interest	Nature of relevant interest	Class and number of securities
L1 Capital Pty Ltd	Power to (or to control) exercise vote and/ordispose of the securities as discretionary investmentmanagers or advisers of superannuation funds.pooled superannuation trusts, managed investmentschemes and investment management agreements.	Fully paid ordinary shares	24,881,001

Details of present registered holders

Holder of relevant interest	Registered holder of securities	Persons entitled to be a registered holder Class and number of	securities
L1 Capital Pty Ltd	JP Morgan Nominees Australia Ltd	JP Morgan Nominees Australia Ltd	1,489,967 FPO
L1 Capital Pty Ltd	National Nominees Ltd	National Nominees Ltd	5,845,009 FPO
L1 Capital Pty Ltd	State Street Australia Limited	State Street Australia Limited	1,573,142 FPO
L1 Capital Pty Ltd	Credit Suisse	Credit Suisse	12,217,778 FPO
L1 Capital Pty Ltd	Citigroup Nominees	Citigroup Nominees	4,387,500 FPO

25,513,396