THORNEY TECHNOLOGIES LTD — Major Shareholding Notification 2021

May 6, 2021

THORNEY TECHNOLOGIES LTD ABN: 66 096 782 188

CROSS RELEASE ASX: CBR

7 May 2021

BY ASX ONLINE - 5 pages

Manager Company Announcements ASX Limited Level 10 20 Bond Street SYDNEY NSW 2000

Dear Sir/Madam,

Notice of initial substantial holder Carbon Revolution Limited [ASX:CBR]

Following is a Form 603 Notice of initial substantial holder dated 7 May 2021 in accordance with section 671B of the Corporations Act 2001 .

Yours sincerely,

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CRAIG SMITH ACIS, CPA Secretary

Level 39, 55 Collins Street, Melbourne Vic 3000
Telephone + 61 3 9921 7116   Facsimile + 61 3 9921 7100

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To: company name/scheme CARBON REVOLUTION LIMITED

ACN: 128 274 653

1. Details of substantial holder

. Details of substantial holder
Name	Thorney Technologies Ltdand each of the entities listed in the attached Annexure ‘A’ to this notice.
ACN (if applicable)	096 782 188

The holder became a substantial holder on

05-May-21

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 had a relevant interest in on the date the substantial holder became of substantial holder are as follows:

Class of Securities	Number of securities	Person’s votes	Voting power
Ordinary shares	10,193,099	10,193,099	5.30%

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:

	Holder of relevant interest	Nature of relevant interest	Number and class of securities
	Thorney Technologies Ltd	Beneficial owner of voting shares	1,106,395 ordinary shares
	Associates:
	Thorney Investment Group	Beneficial owner of voting shares	8,261,795 ordinary shares
		Deemed relevant interest in shares held by Thorney Technologies Ltd by virtue of section 608(3)(b) of the Corporations Act 2001	1,106,395 ordinary shares
	Jasforce Pty Ltd	Beneficial owner of voting shares	330,389 ordinary shares
	Urban Land Nominees Pty Ltd	Beneficial owner of voting shares	363,270 ordinary shares
	Waislitz Family Foundation	Beneficial owner of voting shares	131,250 ordinary shares

4. Details of present registered holders

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Number and class of securities
Thorney Technologies Ltd	Thorney Technologies Ltd	Thorney Technologies Ltd	1,106,395 ordinary shares
Thorney Investment Group	Thorney Technologies Ltd	Thorney Technologies Ltd	1,106,395 ordinary shares
	UBS Nominees Pty Ltd	TIGA Trading Pty Ltd	8,261,795 ordinary shares
Jasforce Pty Ltd	Jasforce Pty Ltd	Jasforce Pty Ltd	330,389 ordinary shares
Urban Land Nominees Pty Ltd	Urban Land Nominees Pty Ltd	Urban Land Nominees Pty Ltd	363,270 ordinary shares
Waislitz Charitable Corporation Pty Ltd as trustee for the Waislitz Family Foundation	Waislitz Charitable Corporation Pty Ltd	Waislitz Family Foundation	131,250 ordinary shares

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:

Holder of relevant interest	Date of acquisition	Cash consideration	Number and class of securities
TIGA Trading Pty Ltd	15-Mar-21	$Nil	10,481 ordinary shares
TIGA Trading Pty Ltd	23-Mar-21	$Nil	9,926 ordinary shares
TIGA Trading Pty Ltd	24-Mar-21	$Nil	58,334 ordinary shares
TIGA Trading Pty Ltd	29-Mar-21	$Nil	21,259 ordinary shares
TIGA Trading Pty Ltd	5-May-21	$Nil	3,586,893 ordinary shares
Thorney Technologies Ltd		$1,000,000.00	625,000 ordinary shares
Jasforce Pty Ltd		$Nil	93,750 ordinary shares
Urban Land Nominees Pty Ltd		$Nil	93,750 ordinary shares
Waislitz Family Foundation		$Nil	31,250 ordinary shares

6. Associates

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

Name	Nature of association
Refer associated entities details in Annexure A	Under the_Corporations Act 2001_the entities listed in Annexure A are deemed associates of Thorney Technologies Ltd in relation to the investment in Carbon Revolution Limited.

7. Addresses

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

Name		Address
Thorney Technologies Ltd		Level 39, 55 Collins Street, Melbourne 3000
Associated entities		Refer Annexure ‘A’
	CRAIG SMITH CapacitySECRETARY
Signature Print name Sign here
	Date 7 May 2021

ANNEXURE ‘A’

This is Annexure A referred to in the Form 603 Notice of initial substantial holder signed by me and dated 7 May 2021.

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......................................... CRAIG SMITH Secretary

ASSOCIATED ENTITIES DETAILS

	Entity	Address
	Thorney Investment Group
	Jamahjo Pty Ltd, ACN 117 488 696	c/- TWF Partners, Ground Floor, 40 River Boulevard, Richmond,3121
	Thistle Custodians PtyLtd, ACN 078 027 193	Level 39, 55 Collins Street, Melbourne 3000
	Thistle Holdings PtyLtd, ACN 075 051 464	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyAlpha PtyLtd, ACN 162 820 537	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyBeta PtyLtd, ACN 162 828 677	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyHoldings PtyLtd, ACN 006 262 835	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyInternational PtyLtd, ACN 132 886 698	Level 39, 55 Collins Street, Melbourne 3000
	Thorney Investment Group Australia Pty Ltd, ACN 117 488 892	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyManagement Services PtyLtd, ACN 164 880 148	Level 39, 55 Collins Street, Melbourne 3000
	ThorneyOmega PtyLtd, ACN 163 964 636	Level 39, 55 Collins Street, Melbourne 3000
	Tiga PropertyPtyLtd, ACN 117 811 453	Level 39, 55 Collins Street, Melbourne 3000
	Tiga(Ballarat)PtyLtd, ACN 117 812 030	Level 39, 55 Collins Street, Melbourne 3000
	Tiga Finance PtyLtd, ACN 118 521 412	Level 39, 55 Collins Street, Melbourne 3000
	Tiga(Hawthorn)PtyLtd, ACN 126 952 663	Level 39, 55 Collins Street, Melbourne 3000
	Tiga Tails PtyLtd, ACN 080 534 416	Level 39, 55 Collins Street, Melbourne 3000
	Tiga TradingPtyLtd, ACN 118 961 210	Level 39, 55 Collins Street, Melbourne 3000
	Other associates
	Jasforce Pty Ltd, ACN 007 167 713	c/- TWF Partners, Ground Floor, 40 River Boulevard, Richmond,3121
	Urban Land Nominees Pty Ltd, ACN 004 753 066	c/- TWF Partners, Ground Floor, 40 River Boulevard, Richmond,3121
	Waislitz Charitable Corporation PtyLtd, ACN 163 623 612	Level 39, 55 Collins Street, Melbourne 3000