QEM LIMITED — Major Shareholding Notification 2021

Mar 21, 2021

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme QEM LIMITED ACN/ARSN ACN 167 966 770

1. Details of substantial holder (1)

Name Credit Suisse Holdings (Australia) Limited (on behalf of Credit Suisse Group AG and its affiliates) ACN/ARSN (if applicable) 008 496 713 The holder ceased to be a substantial holder on 17-Mar-2021 The previous notice was given to the company on 18-Mar-2021 The previous notice was dated 18-Mar-2021

2. Changes in relevant interests

Particulars of each change in , or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3)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:

==> picture [469 x 198] intentionally omitted <==

----- Start of picture text ----- Date of change Person whose relevant interest changed Nature of change (4) Consideration given in relation to change (5) Class (6) and number of securities affected Person's votes affectedCredit Suisse81,500 Common16-Mar-21 Equities (Australia) Acquired on market 14,390.0 AUD Stock 81,500LimitedCredit Suisse355,520 Common16-Mar-21 Equities (Australia) Acquired on market 58,817.59 AUD Stock 355,520LimitedCredit Suisse-1,769,42417-Mar-21 Equities (Australia) Disposed on market 323,425.36 AUD Common Stock -1,769,424LimitedCredit Suisse-3,141,37317-Mar-21 Equities (Australia) Disposed on market 562,969.73 AUD Common Stock -3,141,373LimitedCredit Suisse143,000 Common17-Mar-21 Equities (Australia) Acquired on market 23,865.0 AUD Stock 143,000LimitedCredit Suisse17,293 Common17-Mar-21 Equities (Australia) Acquired on market 3,125.89 AUD Stock 17,293Limited----- End of picture text -----

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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 N/A

4. Addresses

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

Name

Address

Credit Suisse Holdings (Australia) Limited(ACN 008 496 713)	Level 31, Gateway, 1 Macquarie Place, Sydney NSW 2000, Australia
Credit Suisse Equities (Australia) Limited(ACN 068 232 708)	Level 31, Gateway, 1 Macquarie Place, Sydney NSW 2000, Australia
Credit Suisse Fourth Nominees Pty Limited(ACN 069 126 432)	Level 31, Gateway, 1 Macquarie Place, Sydney NSW 2000, Australia

Signature

print name	Winston Loke	capacity	Authorised Signatory
sign here		date	22-Mar-2021

==> picture [56 x 25] intentionally omitted <==

2