QUALITAS LIMITED — Major Shareholding Notification 2021

Dec 21, 2021

page 1/2 15 July 2001 603

Form 603 Corporations Act 2001Section 671B

Notice of initial substantial holder
To Company Name/SchemeACN/ARSN	Qualitas Limited (Company)655 057 588
1. Details of substantial holder (1)Name	ACS Qualitas Management Pty Ltd in its capacity as trustee of the ACS Qualitas Management TrustAlan Schwartz and Carol Schwartz
ACN/ARSN (if applicable)	132 844 001
The holder became a substantial holder on	22/12/2021

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)
'Fullypaidordinary	shares $ 66,830,066$	66,830,066	22.73% (based on 294,000,000
(Shares)			Shares on issue)

1. Details of relevant interestsThe 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
ACS Qualitas Management Pty Ltd	Relevant interest under section 608(1) ofthe Corporations Act as registered holderlof the Shares
lCarol Schwartz	Relevant interest under section 608(3) ofthe Corporations Act as a person whojointly controls ACS QualitasManagement Pty Ltd	66,830,066 Shares
Alan Schwartz	Relevant interest under section 608(3) ofthe Corporations Act as a person whojointly controls ACS QualitasManagement Pty Ltd

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 relevant	Registered holder of	Person entitled to be	Class and number
interest	securities	registered as holder (8)	of securities
ACS Qualitas Management PtylLtd	Ltd	ACS Qualitas Management PtylACS Qualitas Management PtylLtd

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 holderbecame a substantial holder is as follows:

Holder of relevantinterest	Date of acquisition	Consideration (9)		Class and numberof securities
		Cash	Non-cash
ACS Qualitas Management PtyLtd	22 December 2021		lShares receivedlas considerationfor the transfer of100% of thelshares and unitslin theCompany'ssubsidiaries aspart of the pre-IPO restructureof the Qualitasgroup asdisclosed in theProspectus	66,830,066 Shares

B03 GUIDE page 1/1 13 March 2000

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
Alan Schwartz	Associate under section 12(2) of the Corporations Act
Carol Schwartz	Associate under section 12(2) of the Corporations Act

7. Addresses

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

Name	Address
ACS Qualitas Management Pty Ltd	Level 4, 167 Flinders Lane Melbourne VIC 3000
Alan Schwartz	3 Trawalla Avenue Toorak VIC 3142
Carol Schwartz	3 Trawalla Avenue Toorak VIC 3142

Signature

print name	Ross Deam	Elise Gold	capacity	Director/Authorisedrepresentative
sign here	MA for.		date	21/12/2021

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager andtrustee of an equity trust), the names could be included in an ann $(1)$ is clearly set out in paragraph 7 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• 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 arelevant interest in. $(5)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• $(7)$ Include details of:
  • any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of anydocument setting out the terms of any relevant agreement, and a statement by the perso (a) scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
  • 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 thesecurities to which the relevant interest relates (indicating clearly the $(b)$

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." $(8)$

ME_193950667_2

Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest was acquired has, ormay, become entitled to receive in relation to that acquisition. Details $(9)$

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