PEET LIMITED — Major Shareholding Notification 2018

Aug 15, 2018

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To CompanyName/Scheme	Peet Limited
ACN/ARSN/ABN	008 665 834
1. Details of substantial holder (1)
Name		Allan Gray Australia Pty Ltd (Allan Gray Australia) and its related bodies corporate as set out inTable 1 of Annexure A (together the Group), as investment manager for the funds or investmentmandates listed at Table 2 of Annexure A
ACN/ARSN (if applicable)		112 316 168 (ACN of Allan Gray Australia)
There was a change in the interests of thesubstantial holder on		14 August 2018
The previous notice was given to the company on		9 December 2016
The previous notice was dated		9 December 2016

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		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary shares	69,928,935	14.27%	75,676,739	15.44%

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 or scheme are as follows:

Date of change	Person whose relevantinterest changed	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class and number ofsecurities affected	Person's votesaffected
See Annexure A, Tables 2and 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	Person entitled to be	Nature of relevant	Class and number	Person's
	securities	registered as holder (8)	interest (6)	of securities	votes
See Annexure A, Tables 2 and 4

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
See Annexure A, Tables 1 and 2

6. Addresses

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

Name	Address,
The Group	C/- Allan Gray Australia, Level 2 Challis House, 4 Martin Place Sydney , NSW 2000

Signature

print name	Eugene Tan	Company Secretary
sign here		Date 16 August 2018

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.

Peet Limited

THIS IS ANNEXURE A OF 3 PAGES REFERRED TO IN THE ABOVE FORM 604

Print name	Eugene Tan	Company Secretary
Sign here		Date : 16 August 2018

Table 1 – Related bodies corporate

The following entities are associates of Allan Gray Australia Pty Ltd (AGA) and each other by virtue of being related bodies corporate. Orbis Allan Gray Limited Orbis Mansfield Street Properties Ltd Orbis Holdings Limited Orbis Investment Management (BVI) Limited (OIMLBVI) Orbis Investment Management Limited (OIML) Orbis Investment Advisory Pty Limited Orbis Asset Management Limited (OAML) Allan Gray (Holdings) Pty Ltd Orbis Administration Limited Orbis Investment Management (Hong Kong) Limited Orbis Investment Research Limited Orbis Client Services (Canada) Limited Orbis Investment Management (MIS) Limited Orbis Holdings (UK) Limited Triple Blue Holdings Limited Orbis Investment Management (Europe) LLP Pictet Overseas Trust Corporation and Pictet Trustee Company SA Orbis Investment Management (Luxembourg) S.A Allan & Gill Gray Foundation (Guernsey) EmCap Limited (Guernsey)

Table 2 - Funds

		An entity within the Group acts as investment manager for some or all of the assets in the following funds.

No	Fund name	Manager	Code	Registered holder	Persons entitled to be registered
					holder
1.	Allan Gray Australia Equity Fund	AGA	SMEF	Citibank N.A., Sydney Branch as	Equity Trustees Limited as SMEF's
				SMEF's custodian	responsible entity
2.	Allan Gray Australia Balanced Fund	AGA	SMBF	Citibank N.A., Hong Kong Branch	Equity Trustees Limited as SMBF's
				as SMBF's custodian	responsible entity
3.	Allan Gray Australia Stable Fund	AGA	SMSF	Citibank N.A., Sydney Branch as	Equity Trustees Limited as SMSF's
				SMSF's custodian	responsible entity
4.	Warakirri Australian Equities Pensions	AGA	SMWA	JP Morgan Nominees Australia	Warakirri Asset Management Pty Ltd
	and Charities Fund			Ltd as SMWA's custodian	SMWA's trustee
5.	Morningstar Australian Shares High	AGA	SMIA	JP Morgan Nominees Australia	Morningstar Investment Management
	Alpha Fund			Ltd as SMIA's custodian	Australia Limited SMIA's trustee
6.	Construction and Building Unions	AGA	SMCB	JP Morgan Nominees Australia	United Super Pty Ltd as SMCB's trustee
	Superannuation Fund			Ltd as SMCB's custodian
7.	HESTA Superannuation Fund	AGA	SMHT	JP Morgan Nominees Australia	H.E.S.T. Australia Ltd as SMHT's trustee
				Ltd as SMHT's custodian
8.	Hostplus Pooled Superannuation	AGA	SMHP	Citibank N.A., Sydney Branch as	Host Plus Pty ltd as SMHP's trustee
	Trust			SMHP's custodian
9.	Russell Australian Opportunities Fund	AGA	SMRI	State Street Australia Ltd as	Russell Investment Management Ltd as
				SMRI's custodian	SMRI's responsible entity
10.	MyLifeMyMoney Superannuation	AGA	SMCS	NAB Custodial Services as	CSF Pty Ltd as SMCS's trustee
	Fund			custodian for SMCS
11.	Maritime Super	AGA	SMMS	NAB Custodial Services as	Maritime Super Pty Ltd as SMMS's
				custodian for SMMS	trustee
12.	Non-Government Schools	AGA	SMNG	State Street Australia Ltd as	Non-Government Schools
	Superannuation Fund			SMNG's custodian	Superannuation Fund Pty Ltd as
					SMNG's trustee
13.	REST Superannuation Fund	AGA	SMRT	State Street Australia Ltd as	Retail Employees Superannuation Pty
				SMRT's custodian	Ltd as SMRT's trustee
14.	Government Employees	AGA	SMGB	Northern Trust Corporation as	Government Employees Superannuation
	Superannuation Board			SMGB's custodian	Board
15.	Statewide Superannuation Trust	AGA	SMSW	NAB Custodial Services as	Statewide Superannuation Pty Ltd as
				custodian for SMSW	SMSW's trustee
16.	Orbis Global Equity Fund (Australia	OIML	GAPL	Citibank N.A., Hong Kong Branch,	Equity Trustees Limited as GAPL's
	Registered)			as GAPL's custodian	responsible entity
17.	Orbis Emerging Markets Equity Fund	OIML	EMAF	Citibank N.A., Hong Kong Branch,	Equity Trustees Limited as EMAF's
	(Australia Registered)			as EMAF's custodian	responsible entity

No	Fund name	Manager	Code	Registered holder	Persons entitled to be registered
					holder
18.	Orbis Global Equity LE Fund	AGA	GALE	Citibank N.A., Hong Kong Branch,	Equity Trustees Limited as GALE's
	(Australia Registered)			as GALE's custodian	responsible entity
19.	Orbis Global Equity Fund Limited	OIML	OGEF	Citigroup Fund Services Canada,	OGEF
				Inc (Citi Canada) as OGEF's
				custodian
20.	Orbis Optimal SA Fund Limited	OIML	OSAP	Citi Canada as OSAP's custodian	OSAP
21.	Institutional Global Equity Fund	OIML	IGEF	Citi Canada as IGEF's custodian	IGEF
22.	Orbis Optimal LP	OIML	OOLP	Citi Canada as OOLP's custodian	OOLP
23.	Orbis International Equity LP	OIML	IELP	Citi Canada as IELP's custodian	IELP
24.	Orbis Institutional Global Equity LP	OIML	OGLP	Citi Canada as OGLP's custodian	OGLP
25.	Orbis Institutional International Equity	OIML	ONLP	Citi Canada as ONLP's custodian	ONLP
	LP
26.	Orbis Institutional U.S. Equity LP	OIML	USLP	Citi Canada as USLP's custodian	USLP
27.	Orbis Institutional Emerging Markets	OIML	EMLP	Citi Canada as EMLP's custodian	EMLP
	Equity LP
28.	Orbis SICAV – Global Equity Fund	OIML	SGPL	Citibank International plc	SGPL
				(Luxembourg Branch) (Citi Lux)
				as SGPL's custodian
29.	Orbis SICAV – Asia- Ex Japan Fund	OIML	XJPL	Citi Lux as XJPL's custodian	XJPL
30.	Orbis SICAV – Global Balanced Fund	OIML	GBSA	Citi Lux as GBSA's custodian	GBSA
31.	Orbis SICAV – International Equity	OIML	SNPL	Citi Lux as SNPL's custodian	SNPL
32.	Orbis OEIC Global Equity Fund	OIML	UKGE	Citi Lux as UKGE's custodian	UKGE
33.	Orbis Institutional Global Equity	OIML	OGEO	Citi Canada as OGEO's custodian	OGEO
	(OFO)

Table 3 – Change in relevant interest

Trade Date	Reference Code	Action	No of security	Consideration
03 Jan 17 to 18 May 18	SMBF	Buy	595,024	$ 685,953
12 Dec 16 to 14 Aug 18	SMCB	Buy	1,620,193	$ 1,913,340
19 Feb 18 to 14 Aug 18	SMEF	Buy and Sell	2,382,603	$ 3,087,077
16 Mar 17 to 13 Mar 18	SMGB	Sell	-116,320	-$ 139,187
31 Jul 18 to 14 Aug 18	SMHP	Buy	214,036	$ 252,754
13 Dec 16 to 14 Aug 18	SMHT	Buy	695,683	$ 822,654
13 Jun 17 to 14 Aug 18	SMIA	Buy and Sell	-258,805	-$ 315,797
02 Jun 17 to 12 Jul 18	SMMS	Sell	-648,346	-$ 853,392
24 Feb 17 to 12 Jul 18	SMNG	Buy and Sell	-1,105,964	-$ 1,331,637
19 May 17 to 14 Aug 18	SMRI	Buy and Sell	358,486	$ 513,109
19 Jul 18 to 14 Aug 18	SMRT	Buy	490,195	$ 586,299
07 Apr 17 to 25 Jul 18	SMSF	Buy and Sell	111,332	$ 139,259
11 May 18	SMSW	Buy	1,402,110	$ 1,836,764
13 Aug 18 to 14 Aug 18	SMWA	Buy	7,577	$ 8,941
	Total		5,747,804	$ 7,206,137

All trades on market unless otherwise advised

Table 4 – Present relevant interest

Reference Code	Total no of securities
SMBF	595,024
SMCB	9,739,987
SMCS	5,263,546
SMEF	20,375,356
SMGB	7,032,830
SMHP	7,548,791
SMHT	4,437,915
SMIA	833,884
SMMS	2,565,830
SMNG	904,165
SMRI	1,515,773
SMRT	11,698,779
SMSF	1,550,572
SMSW	1,402,110
SMWA	212,177
Total	75,676,739