Perpetual Limited — Major Shareholding Notification 2017

Feb 12, 2017

13 February 2017

Australian Securities Exchange Companies Announcements Platform 20 Bridge Street Sydney NSW 2000

NOTIFICATION OF SUBSTANTIAL SHAREHOLDING

As required under Listing Rule 3.19, the Company gives notice that it has become aware that Perpetual Limited and its related bodies corporate became a substantial shareholder in Tabcorp Holdings Limited on 9 February 2017 with relevant interest in 42,846,918 ordinary shares representing 5.13% of the issued fully paid ordinary capital.

The Company's Constitution, together with an agreement entered into with the State of Queensland, contain restrictions prohibiting an individual from having a voting power of more than 10% in the Company. The Company may refuse to register any transfer of shares which would contravene these shareholding restrictions or require divestiture of the shares that cause an individual to exceed the shareholding restrictions.

5 Bowen Crescent GPO Box 1943 Tabcorp 1210786v1 Melbourne VIC Australia Melbourne VIC Australia Holdings Limited 3004 3001

tabcorp.com.au ABN 66 063 780 709