SCIDEV LTD — Major Shareholding Notification 2020

Mar 1, 2020

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme ACN/ARSN:	SciDev Ltd 25 001 150 849	Source:	Australian Business Register
1. Details of substantial holder (1)
Name: ACN/ARSN (if applicable)	Perennial Value Management Limited (PVM) 22 090 879 904
There was a change in the interest of the substantial holder on The previous notice was given to the company on The previous notice was dated			27 February 2020 27 February 2020 25 February 2020

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 relavant interest

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting Power (%) (5)	Person's votes	Voting Power (%) (5)
Ordinary	14,833,824	11.48	16,189,535	12.53

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

Date of change	Person whose relevant	Nature of change (6)	Consideration given in	Class & number of	Person's votes affected
	interest changed		relation to change (7)	securities affected
	26/02/2020 Citicorp Nominees Pty Limited	Buy on the Market	\$ 694,493.50	981,478	981,478
	27/02/2020 Citicorp Nominees Pty Limited	Buy on the Market	\$ 273,903.62	374,233	374,233

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 (8)	Nature of relevant interest (6)	Class & number of securities (Ord)	Person's votes
Perennial Value Management Limited	National Asset Servicing	National Asset Servicing	8,006,934	8,006,934	8,006,934
Perennial Value Management Limited	BNP Paribas Securities Services BNP Paribas Securities	Services	4,419,370	4,419,370	4,419,370
Perennial Value Management Limited	Citicorp Nominees Pty Limited Citicorp Nominees Pty	Limited	3,763,231	3,763,231	3,763,231

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting

Date 28/02/2020

Name & ACN	Nature of association
Not applicable

6. Addresses

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

Perennial Value Management Ltd	Level 27, 88 Phillip St
	Sydney NSW 2000
SciDev Ltd	Scidev Ltd48 Atchison Street Suite 105, Saint Leonards,
Signature
Print Name	Bill Anastasopoulos	Capacity	Company Secretary

Sign Here

DIRECTIONS

• (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 with the names and addresses of members is clearly set out in paragraph 6 of the form.
• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.
• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• (4) The voting shares of a company constitute one class unless divided into separate classes.
• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• (6) Include details of:
• any relevant agreement or other circumstances 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 statemen $(a)$ accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this accurate details of any contract, scheme or arrangement, must accompany this form, togeth 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 the securities to which the relevant interest relates (indicating clearly the $(b)$ applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (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 aid on to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• (8) 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"
• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.