Perpetual Limited — Major Shareholding Notification 2017

Aug 28, 2017

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	PEPPER GROUP LIMITED
ACN/ARSN	094 317 665
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 theSubstantial holder on	25 /08 /2017_
The previous notice was given to the company on	19 /07 /2016_
The previous notice was dated	15 /07 /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	22,458,367	12.40%	27,208,443	14.91%

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 relevantinterest changed	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecurities affected	Person's votesaffected
	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:

Holder ofrelevantinterest	Registered holder ofsecurities	Person entitledto be registeredas holder (8)	Nature of relevantinterest (6)	Class andnumber ofsecurities	Person's votes
	Refer annexure 1 & 2

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

Signature

Print name GLENDA CHARLES Capacity DEPUTY COMPANY SECRETARY

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) LimitedGPO Box 5302Sydney NSW 2001
26	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
33	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
118	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
212	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
649	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
650	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
652	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
653	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
651	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
654	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
670	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
695	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
774	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001

855	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
2093	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
2095	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
2124	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
2125	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
2127	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
2128	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
2199	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
2210	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
2219	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
2130	RBC Investor Services Australia Nominees Pty LtdGPO Box 5430 Sydney NSW 2001
2089	RBC Investor Services Australia Nominees Pty LimitedGPO Box 5430 Sydney NSW 2001
2086	RBC Investor Services Australia Nominees Pty LtdGPO Box 5430 Sydney NSW 2001
106	RBC Investor Services Australia Nominees Pty LtdGPO Box 5430 Sydney NSW 2001
133	RBC Investor Services Australia Nominees Pty LtdGPO Box 5430 Sydney NSW 2001

323	RBC Investor Services Australia Nominees Pty LtdGPO Box 5430 Sydney NSW 2001
669	RBC Investor Services Australia Nominees Pty LtdGPO Box 5430 Sydney NSW 2001
139	RBC Investor Services Australia Nominees Pty LtdGPO Box 5430 Sydney NSW 2001
44	UBS Nominees Pty LtdLevel 16 Chifley Tower2 Chifley SquareSydney NSW 2000
108	UBS Nominees Pty LtdLevel 16, Chifley Tower2 Chifley SquareSydney NSW 2000
414	UBS Nominees Pty LtdLevel 16 Chifley Tower2 Chifley SquareSydney NSW 2000
696	UBS Nominees Pty LtdLevel 16 Chifley Tower2 Chifley SquareSydney NSW 2000
941	UBS Nominees Pty LtdLevel 16 Chifley Tower2 Chifley SquareSydney NSW 2000

Perpetual Investment Management Limited (PIML), subsidiary of Perpetual Limited, as Trustee for:

ALL 'SS' CODES	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney 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 LtdPO Box R209 Royal ExchangeNSW 1225
248	BNP Paribas Noms Pty LtdP.O. Box R209 Royal ExchangeSydney NSW 1225
702	BNP Paribas Nominees Pty LtdPO Box R209 Royal ExchangeNSW 1225
740	BNP Paribas Nominees Pty LtdPO Box R209 Royal ExchangeNSW 1225

786	BNP Paribas Nominees Pty LtdPO Box R209 Royal ExchangeNSW 1225
2085	BNP Paribas Nominees Pty LtdPO Box R209 Royal ExchangeNSW 1225
2122	BNP Paribas Nominees Pty LtdPO Box R209 Royal ExchangeNSW 1225
2131	BNP Paribas Nominees Pty LtdPO Box R209 Royal ExchangeNSW 1225
2216	BNP Paribas Nominees Pty LtdPO Box R209 Royal ExchangeNSW 1225
220	Citicorp Nominees Pty LtdGPO Box 764GMelbourne VIC 3001
221	Citicorp Nominees Pty LtdGPO Box 764GMelbourne VIC 3001
222	Citicorp Nominees Pty LtdGPO Box 764GMelbourne VIC 3001
224	Citicorp Nominees Pty LtdGPO Box 764GMelbourne VIC 3001
2163	Citicorp Nominees Pty LtdGPO Box 764GMelbourne VIC 3001
194	Northern Trust Company Melbourne Branch: HSBC CustodyNominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
779	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
2101	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
2152	Northern Trust Company Melbourne Branch: HSBC CustodyNominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
2161	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001

2172	HSBC Custody Nominees (Australia) LimitedGPO Box 5302Sydney NSW 2001
210	JPMorgan Nominees Australia LimitedLocked Bag 20049Melbourne VIC 3001
215	JPMorgan Nominees Australia LimitedLocked Bag 20049Melbourne VIC 3001
230	JPMorgan Nominees Australia LimitedLocked Bag 20049Melbourne VIC 3001
231	JPMorgan Nominees Australia LimitedLocked Bag 20049Melbourne VIC 3001
392	JPMorgan Nominees Australia LimitedLocked Bag 20049Melbourne VIC 3001
394	JPMorgan Nominees Australia LimitedLocked Bag 20049Melbourne VIC 3001
449	JPMorgan Nominees Australia LimitedLocked Bag 20049Melbourne VIC 3001
773	JPMorgan Nominees Australia LimitedLocked Bag 20049Melbourne VIC 3001
788	JPMorgan Nominees Australia LimitedLocked Bag 20049Melbourne VIC 3001
791	JPMorgan Nominees Australia LimitedLocked Bag 20049Melbourne VIC 3001
2100	JPMorgan Nominees Australia LimitedLocked Bag 20049Melbourne VIC 3001
2166	JPMorgan Nominees Australia LimitedLocked Bag 20049Melbourne VIC 3001
711	National Nominees Pty LtdPO Box 1406Melbourne VIC 3001
787	National Nominees Pty LtdPO Box 1406Melbourne VIC 3001

2083	National Nominees Pty LtdPO Box 1406Melbourne VIC 3001
2097	National Nominees Pty LtdPO Box 1406Melbourne VIC 3001
2160	National Nominees Pty LtdPO Box 1406Melbourne VIC 3001

Perpetual Trustee Company Limited as trustee, custodian or nominee
INTERNAL CODET2	REGISTRATION DETAILSPerpetual Trustee Company LimitedGPO Box 4172 Sydney NSW 2001
T3	The Trust Company LimitedGPO Box 4270 Sydney NSW 2001
T4	Perpetual Trustee Company LimitedGPO Box 4172 Sydney NSW 2001
T6	Perpetual Trustee Company LimitedGPO Box 4172 Sydney NSW 2001
T7	Perpetual Trustee Company LimitedGPO Box 4172 Sydney NSW 2001

ANNEXURE 2

PRESENT RELEVANT INTERESTS

ASXCode	Internal Code	Holding
PEP	2216	2,108,341
PEP	2163	3,416,035
PEP	2127	279,314
PEP	651	1,968,339
PEP	696	10,050,460
PEP	652	9,385,954

ANNEXURE 3

CHANGES IN RELEVANT INTERESTS

Account		Security		Volume	Value	AsAtDate
	695	PEP	-	5,115,882	$12,278,116.80	23/12/2016
	652	PEP		5,680,224	$13,632,537.60	23/12/2016
	695	PEP		178,521	$446,988.69	21/09/2016
	2163	PEP		2,073,884	$4,977,321.60	23/12/2016
	2216	PEP		18,248	$65,252.85	21/08/2017
	2216	PEP		74,301	$264,948.01	18/08/2017
	651	PEP		147,320	$531,439.22	25/08/2017
	651	PEP		161,730	$583,421.57	25/08/2017
	227	PEP	-	831,565	$2,040,078.33	12/05/2017
	651	PEP		14,985	$53,578.69	21/08/2017
	651	PEP		37,109	$132,311.15	18/08/2017
	227	PEP	-	870,680	$2,136,039.16	12/05/2017
	786	PEP	-	745,388	$1,788,931.20	23/12/2016
	2216	PEP		831,565	$2,040,078.33	12/05/2017
	2163	PEP		248,709	$897,322.17	25/08/2017
	696	PEP		67,515	$241,399.13	21/08/2017
	2216	PEP		870,680	$2,136,039.16	12/05/2017
	696	PEP		138,123	$492,473.90	18/08/2017
	2097	PEP	-	578,020	$1,387,248.00	23/12/2016
	227	PEP		1,247,984	$2,995,161.60	23/12/2016
	696	PEP		10,000	$34,069.70	30/06/2017
	696	PEP		608,000	$2,193,287.04	25/08/2017
	652	PEP		80,378	$287,390.64	21/08/2017
	652	PEP		114,302	$407,540.75	18/08/2017
	786	PEP		29,681	$74,324.93	21/09/2016
	653	PEP	-	3,704,360	$8,890,464.00	23/12/2016
	2097	PEP		24,947	$62,463.39	21/09/2016
	2161	PEP	-	32,193	$77,263.20	23/12/2016
	2161	PEP		2,807	$6,606.59	15/12/2016
	696	PEP		42,643	$113,235.61	28/02/2017
	696	PEP		250,000	$648,802.32	24/02/2017
	653	PEP	-	5,000	$12,730.39	10/11/2016
	2161	PEP		4,279	$10,713.95	21/09/2016
	696	PEP		49,699	$122,629.70	21/12/2016
	696	PEP		5,388	$13,226.58	20/12/2016
	2097	PEP		37	$88.98	26/07/2016
	2161	PEP		3,466	$9,285.81	09/09/2016
	653	PEP		128,172	$320,922.67	21/09/2016
	652	PEP		702,086	$2,532,690.99	25/08/2017
	651	PEP		1,173,751	$2,817,002.40	23/12/2016
	2163	PEP		28,874	$103,250.26	21/08/2017
	2163	PEP		42,409	$151,225.15	18/08/2017
	2127	PEP		22,850	$57,212.83	21/09/2016
	696	PEP		182,800	$457,702.64	21/09/2016
	653	PEP		3,542	$8,518.22	26/07/2016
	2127	PEP		64,000	$230,400.00	25/08/2007
	2216	PEP		154,768	$557,165.00	25/08/2007

2216	PEP	158,779	$571,604.00	25/08/2007
2163	PEP	255,815	$920,934.00	25/08/2007
652	PEP	698,793	$2,515,655.00	25/08/2007