SGH LIMITED — Major Shareholding Notification 2021

Aug 31, 2021

Form 604 Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Seven West Media Limited (SWM)
ACN/ARSN	053 480 845
1. Details of substantial holder (1)
Name	Seven Group Holdings Limited ACN 142 003 469 (SGH) and other subsidiaries of SGH as set out in Annexure A(collectively referred to as the SGH Group)
ACN/ARSN (if applicable)	See Annexure A or as otherwise set out in this Form 604.
There was a change in the interests of the
substantial holder on	1/9/2021
The previous notice was given to the company on	4/6/2015
The previous notice was dated	4/6/2015

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:

Class of securities (4)	Previous notice		Present notice
		Person's votes	Voting power (5)	Person's votes	Voting power (5)
	Ordinary	618,711,654	40.88% (based on1,513,464,338 ordinaryshares on issue)	618,711,654	39.19% (based on1,578,868,239 ordinaryshares on issue)

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 ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
1 September 2021	SGH, WesTrac HoldingsPty. Limited ACN 009 336109 and Seven NetworkLimited ACN 052 816 789(collectively the SevenControllers), othermembers of the SGHGroup and North AstonPty. Limited ACN 009 387606, Ashblue Holding Pty.Limited ACN 068 180 898and Wroxby Pty. LimitedACN 061 621 921(theStokes Holders)	Dilution of votingpower by 1.69%resulting from theissue of ordinaryshares announced on19 December 2019and on 1 September2021 and thebuyback (andcancellation) ofordinary sharesannounced on 15September 2015.	N/A	N/A	N/A

4. Present relevant interests

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

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person'svotes
Network InvestmentHoldings Pty. Limited(NIH)	NIH	NIH	Relevant interest under section 608(1)(a),(b) and (c) of theCorporations Act 2001 (Cth) (Act) as the registered and beneficialholder of the shares	618,711,654ordinary shares 618,711,654
Seven Controllers andother members of theSGH Group	NIH	NIH	Each entity is an associate of and/or controls NIH and accordingly,has a relevant interest in the same shares as NIH under sections608(3)(a) or 608(3)(b) of the Act. (As each entity is not theregistered holder of the shares, its ability to vote and dispose ofthese shares is qualified accordingly.)	618,711,654ordinary shares 618,711,654
Stokes Holders	NIH	NIH	Each Stokes Holder is an associate of the Seven Controllers andaccordingly, has a relevant interest in the same shares as NIHunder section 608(3)(a) of the Act.(As the Stokes Holders are not the registered holders of the sharestheir ability to vote and dispose of these shares is qualifiedaccordingly.)	618,711,654ordinary shares 618,711,654

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 interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
See Annexure B.	Became associates – companies controlled by SGH

6. Addresses

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

Name	Address
SGH	Level 30, 175 Liverpool Street, Sydney, NSW, 2000
The Stokes Holders	Level 3, 30 Kings Park Road, West Perth, WA, 6005
SGH Group members (other than SGH)	See Annexure A

Signature

	print name Warren Coatsworth	capacity	Company secretary
sign here		date	1/9/2021

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 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 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:
• (a) 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 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).

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 on 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) 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.

Annexure "A"

This is Annexure "A" of 5 pages referred to in the Form 604 (Notice of change of interests of substantial holder), signed by me and dated 1 September 2021.

……………………………. Warren Coatsworth Company Secretary

Entity	ACN
C7 Pty. Limited	082 901 442
Direct Target Access Pty. Limited	072 507 227
Industrial Investment Holdings Pty Limited	166 596 710
Kimlin Holdings Pty. Limited	112 288 445
Manooka Holdings Pty. Limited	092 680 245
Miltonstar Pty. Limited	074 811 144
Network Investment Holdings Pty. Limited	078 448 512
Point Pty. Limited	009 643 501
Realtime Reporters Pty. Limited	009 371 055
Seven Custodians Pty. Limited	089 327 551
Seven Entertainment Pty. Limited	085 598 429
Seven Media Group Pty. Limited	116 850 607
Seven (National) Pty. Limited	153 299 159
Seven Network (United States) Inc	N/a
Seven Network Limited	052 816 789
Seven Network Nominees Pty. Limited	060 667 861
Seven Network Investments Pty. Limited	078 267 759
Seven Network International Limited	065 640 075
SGH Productions Pty. Limited	091 398 471
Seven Resources Pty. Limited	093 422 032
Seven (WAN) Pty. Limited	122 263 129
SGH Communications Pty. Limited	063 582 990
SGH Energy (No 1) Pty Limited	168 933 355
SGH Energy (No 2) Pty Limited	168 935 644
SMG Executives Pty. Limited	128 792 003
SMG FINCO Pty. Limited	122 728 321
SNZ Pty. Limited	124 503 028
Specialised Investments Pty Limited	163 941 884
Tallglen Pty. Limited	058 439 786
WesTrac Holdings Pty. Limited	009 336 109
SGH Energy Pty Limited	058 818 278
SGH Energy Aust. Pty Limited	090 835 608
SGH Energy NTP66 Pty Limited	123 243 470
SGH Energy VICP56 Pty Limited	125 036 142
SGH Energy WA377P Pty Limited	123 243 274
SGH Energy WA Pty Limited	113 911 274
SGH Energy VICP54 Pty Limited	108 405 009

All companies listed above have a registered office located at Level 30, 175 Liverpool Street, Sydney, NSW, 2000 except Seven Network (United States) Inc: 1013 Centre Road, City of Wilmington, Delaware, USA

Entity	ACN
Allight Holdings Pty. Ltd	070 926 555
AllightPrimax FZCO	N/A
AllightSykes Pty. Ltd	053 434 807
Allight Sykes SA (Proprietary) Limited	N/A
FGW Pacific Pty. Ltd	085 531 353
Hebburn Pty Limited	652 977 690
National Hire Facilitation Pty. Limited	128 890 442

National Hire Group Limited	076 688 938
PT Allightsykes	N/A
Primax USA Inc (incorporated in the USA)	N/A
Pump Rentals Pty. Ltd	057 090 561
Sitech Solutions Pty. Limited	137 343 090
Sitech (WA) Pty. Ltd	139 286 454
Sykes Group Pty. Limited	004 093 752
Sykes Fleet Services Pty. Limited	074 656 027
Sykes New Zealand Limited (incorporated in New Zealand)	N/A
WA Regional Asset Holdings Pty Limited	133 869 191
Warrah Engineering Pty Ltd	650 935 050
WesTrac Pty. Ltd	009 342 572
WesTrac Machinery Distribution Pty Limited	155 500 413

All companies registered in Australia listed above have a registered office located at 12 Hoskins Road, Landsdale, WA, 6065, except:

• Hebburn Pty Limited, 128 Great Eastern Highway, South Guildford, WA, 6055
• Sitech (WA) Pty Ltd: 128 Great Eastern Highway, South Guildford, WA, 6055
• WA Regional Asset Holdings Pty Limited: 327 Victoria Road, Malaga, WA, 6090
• Sitech Solutions Pty Limited: 33 Allison Street, Bowen Hills, QLD, 4006
• Allight Sykes SA (Proprietary) Limited: 2 Eglin Road, Sunning Hill, South Africa, 2157
• PT Allightsykes: JI Proklamsi #38 RT 32, Balikpapan, Indonesia
• AllightPrimax FZCO: Plot No. S50119, Jebel Ali Free Zone South, Dubai, UAE

Entity	ACN
All Hire Pty Limited	066 054 500
Allplant Services Pty Limited	007 691 910
Australian Highway Plant Services Pty Limited	060 383 511
Coates Fleet Pty Limited	073 603 559
Coates Hire Group Pty Limited	126 730 240
Coates Group Holdings Pty Limited	126 069 341
Coates Hire Holdco SPV Pty Limited	607 858 328
Coates Hire Access SPV Pty Limited	607 868 333
Coates Hire Limited	073 603 586
Coates Hire Operations Pty Limited	074 126 971
Coates Hire Overseas Investments Pty Limited	086 464 379
Coates Hire (NZ) Limited	N/A
Coates Hire Traffic Solutions Pty Limited	114 055 640
DWB (NH) Pty Limited	003 620 951
Nahi Pty Limited	077 777 238
National Hire Equipment Pty Limited	080 468 293
National Hire Finance Pty Limited	117 581 530
National Hire Operations Pty Limited	080 468 319
National Hire Properties Pty Limited	101 354 107
National Hire Trading Pty Limited	080 468 328
Ned Finco Pty Limited	128 290 844
PT Coates Hire Indonesia	N/A
PT Coates Services Indonesia	N/A
True Blue Hire Australia Pty Limited	080 468 266

All companies registered in Australia listed above have a registered office located at Level 6, 241 O'Riordan Street, Mascot NSW 2020 except:

• Coates Hire (NZ) Limited of Bell Gulley, Level 22, Vero Centre, 48 Shortland Street, Auckland, NZ
• PT Coates Hire Indonesia of Gedung World Trade Centre 5 Lt. 3A, JI.Jend. Surdiman Kav. 29-31, Karet, Setiabudi, Jakarta, 12920 Indonesia
• PT Coates Services Indonesia of WISMA GKBI Lt. 39 S3901 JI. Jend. Surdiman No. 28, Bendungan Hiliar, Tnar Abung, Jakarta Pusat, DKI Jakarta Raya, Indonesia

ENTITY
Boral Limited	008 421 761
Allen Taylor & Company Ltd	000 003 056
Allen's Asphalt Pty Ltd	103 076 508
Alsafe Premix Concrete Pty Ltd	003 290 999
Barnu Pty. Ltd.	050 051 360

Bayview Pty Limited	004 428 148
Bayview Quarries Proprietary Limited	004 258 262
Bitumax Pty. Limited	007 591 835
Bitupave Ltd	000 102 376
Boral Bricks Pty Ltd	082 448 342
Boral Bricks Western Australia Pty Ltd	008 674 244
Boral Building Materials Pty Limited	090 736 888
Boral Building Products Limited	004 496 940
Boral Cement Limited	008 528 523
Boral Construction Materials Group Ltd	000 028 080
Boral Construction Materials Limited	000 614 826
Boral Construction Related Businesses Pty Ltd	052 451 626
Boral Contracting Pty Ltd	008 872 884
Boral Corporate Services Pty Limited	009 483 765
Boral Finance Pty Limited	616 863 113
Boral Hollostone Masonry (South Aust.) Pty. Limited	007 604 033
Boral Insurance Pty Limited	000 736 318
Boral International Pty Limited	000 341 239
Boral Investments Pty Limited	090 736 879
Boral IP Holdings (Australia) Pty Limited	163 076 275
Boral Masonry Ltd	000 223 718
Boral Montoro Pty Limited	002 944 694
Boral Precast Holdings Pty Ltd	007 164 954
Boral Recycling Pty Limited	000 061 843
Boral Resources (Country) Pty. Limited	000 187 002
Boral Resources (NSW) Pty Ltd	000 756 507
Boral Resources (QLD) Pty. Limited	009 671 809
Boral Resources (SA) Limited	007 516 494
Boral Resources (VIC.) Pty. Limited	004 620 731
Boral Resources (W.A.) Ltd	008 686 904
Boral Shared Business Services Pty Ltd	000 373 660
Boral Timber Fibre Exports Pty Ltd	000 022 917
Boral Transport Limited	000 111 571
Concrite Pty Ltd	000 795 166
Dandenong Quarries Pty. Limited	004 200 266
De Martin & Gasparini Contractors Pty Limited	074 598 299
De Martin & Gasparini Pty Limited	000 205 372
De Martin & Gasparini Pumping Pty Limited	074 598 262
Duncan's Holdings Ltd	000 080 704
Dunmore Sand & Soil Pty. Limited	003 497 229
Found Concrete Pty Ltd	620 531 820
Oberon Softwood Holdings Pty. Limited	091 426 452
Pro Concrete Group Pty Limited	000 512 005
Q-Crete Premix Pty Ltd	160 844 173
Road Surfaces Group Pty. Ltd.	009 907 779
Boral Canada Ltd	N/A
Boral Industrie GmbH	N/A
Boral Klinker GmbH	N/A
Boral Mecklenburger Ziegel GmbH	N/A
Boral Roofing de Mexico, S. de R.L. de C.V.	N/A
E.U.M. Tejas De Concreto Servicios, S. DE R.L. DE C.V.	N/A
Piedras Headwaters, S. de R.L. de C.V.	N/A
Boral Investments BV	N/A
Eldorado Stone Philippines, Inc.	N/A
Boral Concrete (1992) Limited	N/A
Boral (UK) Ltd	N/A
Tapco Europe Limited	N/A
BCM Oklahoma LLC	N/A
Boral Building Products Inc.	N/A
Boral CM Holdings LLC	N/A
Boral Concrete Tile Inc.	N/A
Boral Construction Materials LLC	N/A
Boral Holdings Inc.	N/A
Boral Industries Inc.	N/A
Boral IP Holdings LLC	N/A
Boral Lifetile Inc.	N/A

Boral Materials LLC	N/A
Boral Meridian Holdings Inc.	N/A
Boral Plant Services LLC	N/A
Boral Resources LLC	N/A
Boral Roofing LLC	N/A
Boral Stone Products LLC	N/A
Boral Transportation Services LLC	N/A
Boral Windows LLC	N/A
Covol Engineered Fuels, LLC	N/A
Covol Fuels Chinook, LLC	N/A
Covol Fuels No.2, LLC	N/A
Covol Fuels No.4, LLC	N/A
Covol Fuels Rock Crusher, LLC	N/A
Gerard Roof Products, LLC	N/A
Headwaters Building Products Inc.	N/A
Headwaters Energy Services Corp.	N/A
Headwaters Stone LLC	N/A
Metrotile Manufacturing, LLC	N/A
Synthetic Materials, LLC	N/A
Tile Service Company LLC	N/A

All companies registered in Australia listed above have a registered office located at Level 18, 15 Blue Street, North Sydney NSW 2060.

The following companies listed above have a registered office located at 200 Mansell Court East Suite 305, Roswell, GA 30076, United States:

• Boral Canada Ltd
• Boral Roofing de Mexico, S. de R.L. de C.V.
• E.U.M. Tejas De Concreto Servicios, S. DE R.L. DE C.V.
• BCM Oklahoma LLC
• Boral Concrete Tile Inc.
• Boral Construction Materials LLC
• Boral Holdings Inc.
• Boral Industries Inc.
• Boral IP Holdings LLC
• Boral Lifetile Inc.
• Boral Meridian Holdings Inc.
• Boral Roofing LLC
• Boral Stone Products LLC
• Tile Service Company LLC

The following companies listed above have a registered office located at 10701 S. River Front Parkway, Suite 300, South Jordan, Utah 84095, United States:

• Eldorado Stone Philippines, Inc.
• Boral Building Products Inc.
• Boral CM Holdings LLC
• Boral Materials LLC
• Boral Plant Services LLC
• Boral Resources LLC
• Boral Transportation Services LLC
• Boral Windows LLC
• Covol Engineered Fuels, LLC
• Covol Fuels Chinook, LLC
• Covol Fuels No.2, LLC
• Covol Fuels No.4, LLC
• Covol Fuels Rock Crusher, LLC
• Gerard Roof Products, LLC
• Headwaters Building Products Inc.
• Headwaters Energy Services Corp.
• Headwaters Stone LLC
• Metrotile Manufacturing, LLC
• Synthetic Materials, LLC

The following companies listed above have a registered office located as follows:

• Boral Industrie GmbH: Siemensstrasse 32, Kleve 47533, Germany
• Boral Klinker GmbH: Siemensstrasse 32, Kleve 47533, Germany
• Boral Mecklenburger Ziegel GmbH: Siemensstrasse 32, Kleve 47533, Germany
• Boral Investments BV: Nieuwe Stationsstraat 20, 6811 KS Arnhem, Netherlands
• Boral (UK) Ltd: 3 Durand Gardens, London, England, SW9 0PS
• Tapco Europe Limited: Unit 32, Tokenspire Business Park, Hull Road, Woodmansey, Beverley, HU17 0TB, United Kingdom
• Boral Concrete (1992) Limited: 9 Pakin Building, 5th Floor, Ratchadapisek Rd, Dindaeng Sub District, Bangkok, Thailand
• Piedras Headwaters, S. de R.L. de C.V.: Camino Martin 2500 Tijuana, Mexico TIJ 22645

Annexure "B"

This is Annexure "B" of 2 pages referred to in the Form 604 (Notice of change of interests of substantial holder), signed by me and dated 1 September 2021.

……………………………. Warren Coatsworth Company Secretary

ENTITY
Boral Limited	008 421 761
Allen Taylor & Company Ltd	000 003 056
Allen's Asphalt Pty Ltd	103 076 508
Alsafe Premix Concrete Pty Ltd	003 290 999
Barnu Pty. Ltd.	050 051 360
Bayview Pty Limited	004 428 148
Bayview Quarries Proprietary Limited	004 258 262
Bitumax Pty. Limited	007 591 835
Bitupave Ltd	000 102 376
Boral Bricks Pty Ltd	082 448 342
Boral Bricks Western Australia Pty Ltd	008 674 244
Boral Building Materials Pty Limited	090 736 888
Boral Building Products Limited	004 496 940
Boral Cement Limited	008 528 523
Boral Construction Materials Group Ltd	000 028 080
Boral Construction Materials Limited	000 614 826
Boral Construction Related Businesses Pty Ltd	052 451 626
Boral Contracting Pty Ltd	008 872 884
Boral Corporate Services Pty Limited	009 483 765
Boral Finance Pty Limited	616 863 113
Boral Hollostone Masonry (South Aust.) Pty. Limited	007 604 033
Boral Insurance Pty Limited	000 736 318
Boral International Pty Limited	000 341 239
Boral Investments Pty Limited	090 736 879
Boral IP Holdings (Australia) Pty Limited	163 076 275
Boral Masonry Ltd	000 223 718
Boral Montoro Pty Limited	002 944 694
Boral Precast Holdings Pty Ltd	007 164 954
Boral Recycling Pty Limited	000 061 843
Boral Resources (Country) Pty. Limited	000 187 002
Boral Resources (NSW) Pty Ltd	000 756 507
Boral Resources (QLD) Pty. Limited	009 671 809
Boral Resources (SA) Limited	007 516 494
Boral Resources (VIC.) Pty. Limited	004 620 731
Boral Resources (W.A.) Ltd	008 686 904
Boral Shared Business Services Pty Ltd	000 373 660
Boral Timber Fibre Exports Pty Ltd	000 022 917
Boral Transport Limited	000 111 571
Concrite Pty Ltd	000 795 166
Dandenong Quarries Pty. Limited	004 200 266
De Martin & Gasparini Contractors Pty Limited	074 598 299
De Martin & Gasparini Pty Limited	000 205 372
De Martin & Gasparini Pumping Pty Limited	074 598 262
Duncan's Holdings Ltd	000 080 704
Dunmore Sand & Soil Pty. Limited	003 497 229
Found Concrete Pty Ltd	620 531 820
Hebburn Pty Limited	652 977 690
Oberon Softwood Holdings Pty. Limited	091 426 452
Pro Concrete Group Pty Limited	000 512 005
Q-Crete Premix Pty Ltd	160 844 173
Warrah Engineering Pty Limited	650 935 050

Road Surfaces Group Pty. Ltd.	009 907 779
Sitech Solutions Pty Limited	137 343 090
Boral Canada Ltd	N/A
Boral Industrie GmbH	N/A
Boral Klinker GmbH	N/A
Boral Mecklenburger Ziegel GmbH	N/A
Boral Roofing de Mexico, S. de R.L. de C.V.	N/A
E.U.M. Tejas De Concreto Servicios, S. DE R.L. DE C.V.	N/A
Piedras Headwaters, S. de R.L. de C.V.	N/A
Boral Investments BV	N/A
Eldorado Stone Philippines, Inc.	N/A
Boral Concrete (1992) Limited	N/A
Boral (UK) Ltd	N/A
Tapco Europe Limited	N/A
BCM Oklahoma LLC	N/A
Boral Building Products Inc.	N/A
Boral CM Holdings LLC	N/A
Boral Concrete Tile Inc.	N/A
Boral Construction Materials LLC	N/A
Boral Holdings Inc.	N/A
Boral Industries Inc.	N/A
Boral IP Holdings LLC	N/A
Boral Lifetile Inc.	N/A
Boral Materials LLC	N/A
Boral Meridian Holdings Inc.	N/A
Boral Plant Services LLC	N/A
Boral Resources LLC	N/A
Boral Roofing LLC	N/A
Boral Stone Products LLC	N/A
Boral Transportation Services LLC	N/A
Boral Windows LLC	N/A
Covol Engineered Fuels, LLC	N/A
Covol Fuels Chinook, LLC	N/A
Covol Fuels No.2, LLC	N/A
Covol Fuels No.4, LLC	N/A
Covol Fuels Rock Crusher, LLC	N/A
Gerard Roof Products, LLC	N/A
Headwaters Building Products Inc.	N/A
Headwaters Energy Services Corp.	N/A
Headwaters Stone LLC	N/A
Metrotile Manufacturing, LLC	N/A
Synthetic Materials, LLC	N/A
Tile Service Company LLC	N/A