READCLOUD LIMITED — Major Shareholding Notification 2025

Mar 5, 2025

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ASX TO CROSS RELEASE: RCL

6 March 2025

BY ASX ONLINE - 5 pages

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

Dear Sir/Madam,

Notice of change of interests of substantial holder ReadCloud Ltd [ASX:RCL]

Following is a Form 604 Notice of change of interests of substantial holder dated 6 March 2025 in accordance with section 671B of the Corporations Act 2001 (Cth) .

Yours sincerely,

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CRAIG SMITH ACIS, CPA Secretary

THORNEY TECHNOLOGIES LTD ABN 66 096 782 188 Level 45, 55 Collins St. Melbourne VIC 3000 Australia

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

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

1. Details of substantial holder

Name THORNEY TECHNOLOGIES LTD and each of the associated entities listed in the attached Annexure ‘A’ to this notice.

ACN (if applicable) 096 782 188

There was a change in the interests of the substantial holder on 04-Mar-25

The previous notice was given to the company on 03-Dec-20

The previous notice was dated 03-Dec-20

1. Previous and present voting power

The total number of shares 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of Securities	Previous Notice	Previous Notice	Present Notice	Present Notice
	Person’s votes	Voting power	Person’s votes	Voting power
Ordinary shares	12,877,044	10.92%	18,730,419	12.27%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, relevant interests 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 are as follows:

Date of Change	Person whose relevant interest changed	Nature of Change	Consideration given in relation to change	Number and class of securities affected	Person’s votes affected
12-Nov-20	Jasforce Pty Ltd	Options conversion	$Nil	75,000 ordinary shares	75,000
02-Dec-20	Urban Land Nominees Pty Ltd	Market Sale	$Nil	16,944 ordinary shares	16,944
04-Dec-20	Urban Land Nominees Pty Ltd	Market Sale	$Nil	717 ordinary shares	717
07-Dec-20	Urban Land Nominees Pty Ltd	Market Sale	$Nil	46,228 ordinary shares	46,228
09-Dec-20	Tiga Trading Pty Ltd and each of the Thorney Investment Group entities listed in Annexure ‘A’ (together ‘Thorney Investment Group’)	Market Sale	$Nil	69,500 ordinary shares	69,500
	Thorney Technologies Ltd		$54,550.55	69,500 ordinary shares	69,500
11-Dec-20	TIGA Trading Pty Ltd	Market Sale	$Nil	4,174 ordinary shares	4,174
	Thorney Technologies Ltd		$3,255.72	4,174 ordinary shares	4,174
14-Dec-20	TIGA Trading Pty Ltd	Market Sale	$Nil	3,400 ordinary shares	3,400
	Thorney Technologies Ltd		$2,652.00	3,400 ordinary shares	3,400
29-Apr-22	Jasforce Pty Ltd	Market Sale	$Nil	325,000 ordinary shares	325,000

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3. Changes in relevant interests continued

Date of Change	Person whose relevant interest changed	Nature of Change	Consideration given in relation to change	Number and class of securities affected	Person’s votes affected
01-Sep-23	Thorney Technologies Ltd	1 for 5 rights issue	$68,200.26	1,136,671 ordinary shares	1,136,671
	TIGA Trading Pty Ltd		$Nil	1,202,352 ordinary shares	1,202,352
	TIGA Trading Pty Ltd		$Nil	963,955 ordinary shares	963,955
	Thorney Technologies Ltd		$54,677.82	911,297 ordinary shares	911,297
04-Mar-25	TIGA Trading Pty Ltd	Options conversion	$Nil	1,083,153 ordinary shares	1,083,153
	Thorney Technologies Ltd		$102,398.40	1,023,984 ordinary shares	1,023,984

4. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Number and class of securities	Person’s votes
Thorney Technologies Ltd	UBS Nominees Pty Ltd	Thorney Technologies Ltd	Thorney Technologies Ltd has a relevant interest under section 608(1)(b) of the Corporations Act 2001 (Cth) (theAct) as it is the beneficial holder of those shares.	8,755,308 ordinary shares	8,755,308
Thorney Investment Group	UBS Nominees Pty Ltd	Thorney Technologies Ltd	Thorney Investment Group is taken to have a relevant interest as it has the capacity to determine the outcome of decisions about the financial and operating policies of each of the entities in the adjacent column.	8,755,308 ordinary shares	8,755,308
		TIGA Trading Pty Ltd	Thorney Investment Group is taken under section 608(3)(b) of the_Act_to have a relevant interest as it holds all the issued capital in Tiga Trading.	9,261,222 ordinary shares	9,261,222
Coastal Estates Proprietary Limited (Coastal)	Coastal	Coastal	Coastal has a relevant interest under section 608(1)(a) of the_Act_as it is the registered holder of those shares.	388,889 ordinary shares	388,889
Urban Land Nominees Pty Ltd (Urban Land)	Urban Land	Urban Land	Urban Land has a relevant interest under section 608(1)(a) of the_Act_as it is the registered holder of those shares.	325,000 ordinary shares	325,000
Mr Alex Waislitz	UBS Nominees Pty Ltd	Thorney Technologies Ltd	Each of the entities listed in the adjacent column (and in Annexure “A”) are ‘associates’ pursuant to section 12(2)(a)(iii) of the_Act_by virtue of them being commonly controlled by Mr Alex Waislitz who, pursuant to section 50AA of the_Act_, has the capacity to determine the outcome of decisions about the financial and operating policies of each of those entities.	8,755,308 ordinary shares	8,755,308
		TIGA Trading Pty Ltd		9,261,222 ordinary shares	9,261,222
	Coastal	Coastal		388,889 ordinary shares	388,889
	Urban Land	Urban Land		325,000 ordinary shares	325,000

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5. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name Nature of association

6. Addresses

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

Name	Address
Thorney Technologies Ltd	Level 45, 55 Collins Street, Melbourne 3000
TIGA Trading Pty Ltd, ACN 118 961 210	Level 45, 55 Collins Street, Melbourne 3000
Thorney Investment Group and each of the entities listed in Annexure ‘A’ to this notice	See Annexure ‘A’ to this notice
Jasforce Pty Ltd, ACN 017 167 713	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
Coastal Estates Proprietary Limited, ACN 004 481 154	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
Urban Land Nominees Pty Ltd, ACN 004 753 066	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
Alex Waislitz	Level 45, 55 Collins Street, Melbourne 3000

Signature Print name CRAIG SMITH Capacity SECRETARY Sign here Date 6 March 2025

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ANNEXURE ‘A’

This is Annexure A referred to in the Form 604 Notice of change of interests of substantial holder signed by me and dated 6 March 2025.

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......................................... CRAIG SMITH Secretary

SUBSTANTIAL HOLDERS - ENTITY DETAILS

	Associated Entities	Address
	Thorney Investment Group
	Jamahjo Pty Ltd, ACN 117 488 696 as trustee for the Halex Family Trust	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Thistle Custodians PtyLtd,ACN 078 027 193	Level 45,55 Collins Street,Melbourne 3000
	Thistle Holdings PtyLtd,ACN 075 051 464	Level 45,55 Collins Street,Melbourne 3000
	ThorneyAlpha PtyLtd,ACN 162 820 537	Level 45,55 Collins Street,Melbourne 3000
	ThorneyBeta PtyLtd,ACN 162 828 677	Level 45,55 Collins Street,Melbourne 3000
	ThorneyHoldings ProprietaryLimited,ACN 006 262 835	Level 45,55 Collins Street,Melbourne 3000
	ThorneyInternational PtyLtd,ACN 132 886 698	Level 45,55 Collins Street,Melbourne 3000
	Thorney Investment Group Australia Pty Ltd, ACN 117 488 892	Level 45, 55 Collins Street, Melbourne 3000
	Thorney Management Services Pty Ltd, ACN 164 880 148	Level 45, 55 Collins Street, Melbourne 3000
	ThorneyOmega PtyLtd,ACN 163 964 636	Level 45,55 Collins Street,Melbourne 3000
	TIGA PropertyPtyLtd,ACN 117 811 453	Level 45,55 Collins Street,Melbourne 3000
	TIGA(Ballarat)PtyLtd,ACN 117 812 030	Level 45,55 Collins Street,Melbourne 3000
	TIGA Finance PtyLtd,ACN 118 521 412	Level 45,55 Collins Street,Melbourne 3000
	TIGA(Hawthorn)PtyLtd,ACN 126 952 663	Level 45,55 Collins Street,Melbourne 3000
	TIGA Tails PtyLtd,ACN 080 534 416	Level 45,55 Collins Street,Melbourne 3000
	TIGA TradingPtyLtd,ACN 118 961 210	Level 45,55 Collins Street,Melbourne 3000
	Other associates
	Early Force Pty Ltd, ACN 103 134 363 as trustee for the Alex Waislitz Property Investment Trust	Level 45, 55 Collins Street, Melbourne 3000
	Jamah Investments Pty Ltd, ACN 093 388 928 as trustee for the Jamah Investment Trust	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Jasforce Pty Ltd, ACN 017 167 713 as trustee for the Alex Waislitz Retirement Plan	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	ThorneyOpportunities Ltd,ACN 080 167 264	Level 45,55 Collins Street,Melbourne 3000
	58 Jarque PtyLtd,ACN 617 756 377	Level 45,55 Collins Street,Melbourne 3000
	Two Towers Pty Ltd, ACN 134 730 546	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Urban Land Nominees Pty Ltd, ACN 004 753 066	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Coastal Estates Proprietary Limited, ACN 004 481 154	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Waislitz Charitable Corporation Pty Ltd, ACN 163 623 612as trusteefortheWaislitz FamilyFoundation	Level 45, 55 Collins Street, Melbourne 3000

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