PEET LIMITED — Major Shareholding Notification 2020

Aug 31, 2020

603 Page 1 of 2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme

ACN/ARSN

Peet Limited (ASX: PPC) ACN 008 665 834

1. Details of substantial holder (1)

Name 360 Capital Whiskey Pty Ltd as trustee of 360 Capital Whiskey Trust

ACN/ARSN (if applicable) ACN 643 827 856

The holder became a substantial holder on

31/08/2020

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)
Fully paid ordinary shares	25,747,866	25,747,866	5.33%

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
360 Capital FM Limited as responsibleentity of 360 Capital Active REIT and360 Capital Passive REIT	Purchased 25,747,866 shares between5/9/2019 and 31/8/2020 and sold all sharesto 360 Capital Whiskey Pty Ltd as trustee of360 Capital Whiskey Trust pursuant totransfer instruments dated 31/8/2020	25,747,866 fully paid ordinaryshares
360 Capital Whiskey Pty Ltd as trusteeof 360 Capital Whiskey Trust	Holder of relevant interest	25,747,866 fully paid ordinaryshares

4. Details of present registered holders

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

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered asholder(8)	Class and number of securities
360 Capital Whiskey PtyLtd as trustee of 360Capital Whiskey Trust	360 Capital FM Limitedas responsible entity of360 Capital Active REITand 360 Capital PassiveREIT	360 Capital Whiskey PtyLtd as trustee of 360Capital Whiskey Trust	25,747,866 fully paid ordinaryshares

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 of relevant interest	Date of acquisition	Consideration (9)		Class and number ofsecurities
360 Capital FM Limited asresponsible entity of 360 CapitalActive REIT and 360 CapitalPassive REIT	7/8/2020-31/8/2020	$19,164,405.90		19,248,105 fully paidshares
360 Capital Whiskey Pty Ltd astrustee of 360 Capital WhiskeyTrust	31/8/2020	$27,035,259.30		25,747,866 fully paidordinary shares

603 Page 2 of 2 15 July 2001

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
360 Capital FM Limited (090664396) as	Parent Fund of 360 Capital Whiskey Trust
responsible entity of 360 Capital Active
REIT and 360 Capital Passive REIT

7. Addresses

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

Name	Address
360 Capital Whiskey Pty Ltd as		Level 8, 56 Pitt Street, Sydney NSW 2000
trustee of 360 Capital Whiskey
Trust
360 Capital FM Limited as		Level 8, 56 Pitt Street, Sydney NSW 2000
responsible entity of 360 Capital
Active REIT and 360 Capital
Passive REIT

Signature

print name Kimberley Child capacity Company Secretary sign here

date 01/09/2020

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 7 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 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 interest in.

• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

  • (a) 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) 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.

• 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".

• (8) 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

(9) 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.