QUESTE COMMUNICATIONS LIMITED — Major Shareholding Notification 2021

May 5, 2021

Form 604

Corporations Act

671B

Notice of change in interests of substantial holder

To: Company Name/Scheme: QUESTE COMMUNICATIONS LTD (QUE)

ABN 58 081 688 164

1. Details of substantial holder(1)

MR AZHAR CHAUDHRI RENMUIR HOLDINGS LTD CHI TUNG INVESTMENTS LTD

ACN/ARSN (if applicable) Not Applicable

There was a change in the interests of the substantial holder on	30 April 2021
The previous notice was given to the company on	23 October 2017
The previous notice was dated	23 October 2017

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:

	Previous notice			Present notice
Class of securities(4)	Number ofsecurities	Person'sVoting power(5)	Voting power(5)	Number ofsecurities	Person's Votingpower(5)	Votingpower(5)
Ordinary Shares	8,322,737	8,322,737	30.209%	4,713,781	4,713,781	17.412%
	5,193,000	395,317	1.435%
Partly Paid Shares	(issued at 20 cents and partly paid to 1.5225 cents each)
TOTAL		8,718,054	31.644%		4,713,781	17.412%
	27,550,675			27,072,332
Based on QUE totalvoting power	(comprising 27,155,358 fully paid ordinary shares(a) and5,193,000 partly paid shares (paid to 1.5225 cent per share with18.4775 cents per share unpaid, which was equivalent to395,317 voting shares))			(comprising fully paid ordinary shares)	(b)

Notes:

(a) Refer QUE ASX Appendix 3B New Issue and Application for Quotation of Additional Securities dated 19 October 2017

(b) Refer QUE ASX market announcement dated 9 January 2018: Results of Completion of Equal Access Share Buy-Back

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 a substantial holding notice to the company or scheme are as follows:

Date ofchange	Person whoserelevant interestchanged	Nature of change(6)	Consideration given in relationto change(7)	Class andnumber ofsecuritiesaffectedOrdinary Shares	Person'svotesaffected
5 January2018	Chi Tung	Pursuant to acceptance into theQUE Equal Access Scheme ShareBuy-Back(a) and cancellation ofshares thereunder(b)	$12,982.50 comprising$4,327.50 cash and thetransfer of 56,258 fully paidordinary shares in BEL	(5,193,000)partly paidshares	(395,317)
30 April 2021	Chi Tung	Disposal of shares off-market	$90,224.00	(3,608,956)	(3,608,956)
		TOTAL			(4,004,273)

Notes:

(a) Equal access scheme share buy-back pursuant to:

(i) Section 257B(2) of the Corporations Act;

(ii) QUE shareholder approval at Annual General Meeting held on 30 November 2017 – refer Information Memorandum containing the notice of AGM, explanatory statement and Independent Expert's Report dated 26 October 2017 released on ASX on 30 October 2017; and (iii) QUE Share Buy-Back Offer Booklet dated 7 December 2017 released on ASX on 11 December 2017.

(b) Refer:

(i) QUE ASX market announcement dated 9 January 2018: Results of Completion of Equal Access Share Buy-Back; and

(ii) QUE ASX market announcement dated 9 January 2018: Appendix 3F Final Buy Back Notice.

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder(8)	Nature of relevantinterest(6)	Number ofsecurities	Class ofsecurities
The persons namedin (1) above	A Chaudhri	A Chaudhri	Legal and beneficialholder of shares	1,436,001	OrdinaryShares
	Renmuir	Renmuir	Legal and beneficialholder of shares	3,277,780	OrdinaryShares
TOTAL				4,713,781

5. Changes in association

The persons who have become associates(2) of, ceased to be associates of, or have change 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/ARSN (if applicable)	Nature of association
-	-

6. Addresses

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

Name	Address
Azhar Chaudhri (A Chaudhri)	175A Sarwar Road, Rawalpindi, PAKISTAN
Renmuir Holdings Ltd (Renmuir)	7th Floor, Allied Kajima Building, 138 Gloucester Road, HONG KONG
Chi Tung Investments Ltd (Chi Tung)	7th Floor, Allied Kajima Building, 138 Gloucester Road, HONG KONG
Bentley Capital Limited (ASX:BEL) (BEL)	Level 2, 31 Ventnor Avenue, West Perth, Western Australia 6005

Signature

print name AZHAR CHAUDHRI capacity Personally and on behalf of Renmuir and Chi Tung

sign here date 6 May 2021

See the definition of "relevant agreement" in section 9 of the Corporations Act.

(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.

(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act.

(4) The voting shares of a company constitute one class unless divided into separate classes.

(6) Include details of:

(a) any relevant agreement or other circumstance because of which the change in relevant interest occurred. 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).

(7) 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 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.

(8) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.