READCLOUD LIMITED — Major Shareholding Notification 2018

Feb 6, 2018

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone +613 9921 7116 Facsimile +613 9921 7100

7 February 2018

BY ASX ONLINE - 4 pages

Manager Company Announcements ASX Limited Level 10 20 Bond Street SYDNEY NSW 2000

Dear Sir/Madam,

Notice of initial of substantial holder ReadCloud Limited [ASX:RCL]

Attached is a Form 603 Notice of initial substantial holder dated 7 February 2018 in accordance with section 671B of the Corporations Act 2001 (Cth).

Yours sincerely,

AVEE WAISLITZ Secretary

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To:		READCLOUD
company name/scheme		LIMITED
	ABN:	44 136 815 891

1. Details of substantial holder

Name	TIGATradingPty Ltd and each of the entities listed in theattached Annexure "A" to this notice.
ACN (if applicable)	118 961 210

The holder became a substantial holder on 7-Feb-18

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 had a relevant interest in on the date the substantial holder became of substantial holder are as follows:

Class of Securities	Number of securities	Person's votes	Voting power
Ordinary shares	10,750,000	10,750,000	13.44%

3. Details of relevant interests

The 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	Number and class ofsecurities
TIGA Trading Pty Ltd	Beneficial owner of voting shares	5,000,000 ordinary shares
Thorney Investment GroupAustralia Pty Ltd	By virtue of section 608 of the Corporations Act 2001	5,000,000 ordinary shares
Jamahjo Pty Ltd		5,000,000 ordinary shares
Urban Land Nominees Pty Ltd	Urban Land Nominees Pty Ltd	250,000 ordinary shares
Jasforce Pty Ltd	Jasforce Pty Ltd	250,000 ordinary shares
Coastal Estates Pty Ltd	Coastal Estates Pty Ltd	250,000 ordinary shares
Thorney Technologies Ltd (TEK)	Deemed relevant interest by virtue of section 608(3) of theCorporations Act 2001 of shares purchased by TEK	5,000,000 ordinary shares

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 relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder	Number and classof securities
TIGA Trading Pty Ltd	UBS Nominees Pty Ltd	TIGA Trading Pty Ltd	5,000,000 ordinary shares
Thorney Technologies Ltd	HSBC Custody Nominees(Australia) Ltd	Thorney Technologies Ltd	5,000,000 ordinary shares
Urban Land NomineesPty Ltd	Urban Land NomineesPty Ltd	Urban Land NomineesPty Ltd	250,000 ordinary shares
Jasforce Pty Ltd	Jasforce Pty Ltd	Jasforce Pty Ltd	250,000 ordinary shares
Coastal Estates Pty Ltd	Coastal Estates Pty Ltd	Coastal Estates Pty Ltd	250,000 ordinary shares

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 holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Cash consideration	Number and class ofsecurities
TIGA Trading Pty Ltd			5,000,000 ordinary shares
Thorney Technologies Ltd			5,000,000 ordinary shares
Urban Land Nominees Pty Ltd	14-Aug-17	Placement @ 20 cents	250,000 ordinary shares
Jasforce Pty Ltd			250,000 ordinary shares
Coastal Estates Pty Ltd			250,000 ordinary shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name	Nature of association
Thorney Investment Group Australia Pty Ltd	Thorney Investment Group Australia Pty Ltd is the registered holder of all the
ACN 117 488 892	issued shares in TIGA Trading Pty Ltd
Jamahjo Pty Ltd	Jamahjo Pty Ltd is the registered holder of all the issued shares in Thorney
ACN 117 488 696	Investment Group Australia Pty Ltd
Urban Land Nominees Pty Ltd,	Associate under section 12 of the Corporations Act for the purposes of this
ACN 004 753 066	investment
Jasforce Pty Ltd	Associate under section 12 of the Corporations Act for the purposes of this
ACN 007 167 713	investment
Coastal Estates Pty Ltd	Associate under section 12 of the Corporations Act for the purposes of this
ACN 004 481 154	investment
Thorney Technologies Ltd,	Associate under section 12 of the Corporations Act for the purposes of this
ACN 096 782 188	investment

7. Addresses

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

Name	Address
TIGA Trading Pty Ltd ACN 118 961 210	Level 39, 55 Collins Street, Melbourne 3000
Thorney Investment Group Australia Pty LtdACN 117 488 892	Level 39, 55 Collins Street, Melbourne 3000
Jamahjo Pty Ltd ACN 117 488 696	c/- TWF Partners, Level 4, 25 Claremont Street, South Yarra, 3141
Urban Land Nominees Pty Ltd, ACN 004 753 066	c/- TWF Partners, Level 4, 25 Claremont Street, South Yarra, 3141
Jasforce Pty Ltd ACN 007 167 713	c/- TWF Partners, Level 4, 25 Claremont Street, South Yarra, 3141
Coastal Estates Pty Ltd ACN 004 481 154	c/- TWF Partners, Level 4, 25 Claremont Street, South Yarra, 3141
Thorney Technologies Ltd, ACN 096 782 188	Level 39, 55 Collins Street, Melbourne 3000

Signature

Print name AVEE WAISLITZ Capacity SECRETARY

Sign here Date 7 February 2018

ANNEXURE 'A'

This is Annexure A referred to in the Form 603 Notice of initial substantial holder signed by me and dated 7 February 2018.

......................................... AVEE WAISLITZ Secretary

SUBSTANTIAL HOLDERS - ENTITY DETAILS

Entity	Address
Jamahjo Pty Ltd, ACN 117 488 696	c/- TWF Partners, Level 4, 25 Claremont Street, South Yarra, 3141
Urban Land Nominees Pty Ltd, ACN 004 753 066	c/- TWF Partners, Level 4, 25 Claremont Street, South Yarra, 3141
Jasforce Pty Ltd, ACN 007 167 713	c/- TWF Partners, Level 4, 25 Claremont Street, South Yarra, 3141
Coastal Estates Pty Ltd, ACN 004 481 154	c/- TWF Partners, Level 4, 25 Claremont Street, South Yarra, 3141
Thistle Custodians Pty Ltd, ACN 078 027 193	Level 39, 55 Collins Street, Melbourne 3000
Thistle Holdings Pty Ltd, ACN 075 051 464	Level 39, 55 Collins Street, Melbourne 3000
Thorney Alpha Pty Ltd, ACN 162 820 537	Level 39, 55 Collins Street, Melbourne 3000
Thorney Beta Pty Ltd, ACN 162 828 677	Level 39, 55 Collins Street, Melbourne 3000
Thorney Holdings Pty Ltd, ACN 006 262 835	Level 39, 55 Collins Street, Melbourne 3000
Thorney International Pty Ltd, ACN 132 886 698	Level 39, 55 Collins Street, Melbourne 3000
Thorney Investment Group Australia Pty Ltd,ACN 117 488 892	Level 39, 55 Collins Street, Melbourne 3000
Thorney Management Services Pty Ltd, ACN 164 880 148	Level 39, 55 Collins Street, Melbourne 3000
Thorney Omega Pty Ltd, ACN 163 964 636	Level 39, 55 Collins Street, Melbourne 3000
TIGA Property Pty Ltd, ACN 117 811 453	Level 39, 55 Collins Street, Melbourne 3000
TIGA (Ballarat) Pty Ltd, ACN 117 812 030	Level 39, 55 Collins Street, Melbourne 3000
TIGA Finance Pty Ltd, ACN 118 521 412	Level 39, 55 Collins Street, Melbourne 3000
TIGA (Hawthorn) Pty Ltd, ACN 126 952 663	Level 39, 55 Collins Street, Melbourne 3000
TIGA Tails Pty Ltd, ACN 080 534 416	Level 39, 55 Collins Street, Melbourne 3000
TIGA Trading Pty Ltd, ACN 118 961 210	Level 39, 55 Collins Street, Melbourne 3000
Thorney Technologies Ltd, ACN 096 782 188	Level 39, 55 Collins Street, Melbourne 3000