SCIDEV LTD — Major Shareholding Notification 2020

Feb 6, 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:	Perennial Value Management Limited (PVM)
ACN/ARSN (if applicable)	22 090 879 904
There was a change in the interest of the substantial holder on			5 February 2020
The previous notice was given to the company on			6 February 2020
The previous notice was dated			4 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	8,186,201	6.34	12,036,201	9.32

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
	5/02/2020 BNP Paribas Securities	Buy On the Market	\$ 2,677,303.75		3,736,261	3,736,261
	Services
	5/02/2020 National Asset Servicing	Buy On the Market	\$	81,502.31	113,739	113,739

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	7,741,771	7,741,771	7,741,771
Perennial Value Management Limited	BNP Paribas Securities Services BNP Paribas Securities	Services	4,294,430	4,294,430	4,294,430

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

Name & ACN	Nature of association
Not applicable

6. Addresses

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

Name	Address
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

Date 7/02/2020

• (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 $(a)$ 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. Detai
• 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". $(8)$
• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.