SKIN ELEMENTS LIMITED — Major Shareholding Notification 2017

Jan 8, 2017

Form 603

Corporations Act 2001 Section 671B

Notice of Initial Substantial Holder

To Company Name / Scheme SKIN ELEMENTS LIMITED ACN/ARSN 608 047 794

SKIN ELEMENTS LIMITED

1. Details of substantial holder (1)

Name Sovereign Equities Pty Ltd ACN/ARSN (if applicable) 104 422 657 The holder became a substantial holder on 23 / 12 / 2016

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 (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

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Class of securities (4) Number of Securities Person’s votes (5) Voting power (6)
Fully Paid Ordinary 4,570,325 6.2 % 6.2 %
Shares
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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:

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Holder of relevant interest Nature of relevant interest (7) Class and number
of securities
Sovereign Equities Pty Ltd Sovereign Equities Pty Ltd has a relevant interest 4,570,325
in the shares as the holder of the shares. Ordinary Shares
Craig Leslie Piercy Mr Craig Leslie Piercy has a relevant interest in 4,570,325
the shares as the Director and shareholder of
Sovereign Equities Pty Ltd
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4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

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Holder of relevant Registered holder of Person entitled to be Class and number
interest securities registered as holder (8) of securities
Sovereign Equities Pty Sovereign Equities Pty Ltd Sovereign Equities Pty 4,570,325
Ltd Ltd Ordinary Shares
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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:

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Holder of relevant interest Date of Consideration (9) Class and number
acquisition Cash Non-cash of securities
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4,570,325 Ordinary Shares	23/12/2016	-	Issued pursuant to Share Acquisition Agreement as consideration for shares held in SE Operation Pty Ltd	4,570,325 Ordinary Shares

603 page 2/2 15 July 2001

6. Associates

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

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Name and ACN/ARSN (if applicable) Nature of Association
Mr Craig Leslie Piercy Director / Shareholder
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7. Addresses

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

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Name Address
Sovereign Equities Pty Ltd c/- Office 7/36 Ord Street, West Perth 6005
Mr Craig Leslie Piercy 3 Bradbourne Dr, Carine WA 6020
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Signature Print name Sign here	Craig Piercy Director Capacity :
	Date 09 / 01 / 2017