SRG GLOBAL LIMITED — Major Shareholding Notification 2021

Feb 10, 2021

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/SchemeACN/ARSN:	SRG Global Ltd81 104 662 259	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 onThe previous notice was given to the company onThe previous notice was dated			9 February 20219 December 20207 December 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 (3)

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting Power (%) (5)	Person's votes	Voting Power (%) (5)
Ordinary	46,980,988	10.54	51,519,424	11.56

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 relevantinterest changed	Nature of change (6)	Consideration given inrelation to change (7)	Class & number ofsecurities affected	Person's votes affected
	9/12/2020 National Asset Servicing	Buy On the Market	$420,188.10	1,035,224	1,035,224
	10/12/2020 National Asset Servicing	Buy On the Market	$202,945.50	500,000	500,000
	16/12/2020 BNP Paribas SecuritiesServices	Sell On the Market	$1,307,791.53	3,118,244	3,118,244
	16/12/2020 National Asset Servicing	Buy On the Market	$1,281,484.67	3,055,519	3,055,519
	16/12/2020 National Asset Servicing	Buy On the Market	$26,306.87	62,725	62,725
	20/01/2021 National Asset Servicing	Sell On the Market	$10,183.96	20,619	20,619
	28/01/2021 BNP Paribas SecuritiesServices	Buy On the Market	$40,544.95	84,143	84,143
	28/01/2021 National Asset Servicing	Buy On the Market	$955,976.82	1,949,077	1,949,077
	8/02/2021 BNP Paribas SecuritiesServices	Buy On the Market	$86,913.64	177,893	177,893
	9/02/2021 BNP Paribas SecuritiesServices	Buy On the Market	$205,459.48	424,888	424,888
	9/02/2021 BNP Paribas SecuritiesServices	Buy On the Market	$114,692.36	238,542	238,542
	9/02/2021 BNP Paribas SecuritiesServices	Buy On the Market	$72,189.93	149,288	149,288

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 ofsecurities	Person entitled to beregistered as holder (8)	Nature of relevantinterest (6)	Class & number ofsecurities (Ord)	Person's votes
Perennial Value ManagementLimited	National Asset Servicing	National Asset Servicing	24,518,135	24,518,135	24,518,135
Perennial Value Management	Northern Trust	Northern Trust	11,174,476	11,174,476	11,174,476
LimitedPerennial Value Management			15,826,813	15,826,813	15,826,813
Limited	BNP Paribas Securities Services BNP Paribas Securities	Services

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
ISRG Global Ltd	ISrg Global Ltd338 Barker Road Level 1, Subjaco, Wa 6008

Signature

Print Name	Bill Anastasopoulos	Capacity	Company Secretary
Sign Here			10/02/2021

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or themanager and trustee of an equity trust), the names could be included in an ann $(1)$
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• (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
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• $(6)$ Include details of:
  • ocialismany 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 $(a)$
  • any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers orany qualification of the power of a person to exercise, control the exercise of, or influe $(b)$

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

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquiredhas, or may, become entitied to receive in relation to that acquisition. Details m $(7)$
• 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". $(8)$

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