THORNEY TECHNOLOGIES LTD — Major Shareholding Notification 2021

Mar 2, 2021

FACSIMILE

03 March 2021

• TO: ASX Lodgements
• FAX NO: 1300 135 638
• PAGES: 6 (including this page)
• FROM: BEN SWAIN

MESSAGE:

RE: THORNEY TECHNOLOGIES LTD - TEK

Please find enclosed a Notice of Initial Substantial Shareholder (Form 603) in relation to the above company.

Yours faithfully MURDOCH CLARKE

Per:

BEN SWAIN Partner

$\frac{\mathsf{P}}{\mathsf{E}}$ (03) 6235 9362 bswain@murdochclarke.com.au

PRIVACY AND CONFIDENTIALITY NOTICE

The information contained in this facsimile is intended for the named recipients only. It may contain privileged and confidential information and if you are not an intended recipient, you must not copy, distribute or take any action in reliance on it. If you have received this facsimile in error, please notliy us immediately by a reversed charge telephone call to (03) 6235 9311 and return the original to the sender by mail. We shall reimburse you for the postage.

1. Mar. 2021 16:47

603 page 1/2 15 July 2001

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Thorney Technologies Ltd
ACN/ARSN	096 782 188
1. Details of substantial holder (1) Neme	Janet Heather Cameron
ACN/ARSN (If applicable)	N/A
The holder became a substantial holder on	26 February 2021
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 relevent interest (3) in on the date the substantial holder became a substantial holder areas follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voling power (6)
Ordinary shares	18.467.921	18.467.921	5.10%

3. Details of relevant interests

The nature of the relevent 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 (7)	Class and
		Inumber of
		securities
The Elsie Cameron Foundation Ptv	IECF has a relevant interest under Section 608(1)(a) of the	6.629.051
Lid (ACN 601 660 655) ATF The	Act, as the registered holder of the securities	ordinary shares
Elsie Cameron Foundation (ECF)
Bicheno Investments Pty Ltd (ACN	UCT has a relevant interest under Section 608(1)(a) of the	129.116 ordinary
122 192 134) ATF The Jan	Ad.	Ishares
Cameron Trust (JCT)	as the registered holder of the securities
	Janet Heather Cameron (Cameron) Cameron has a relevant Interest under Section 608(3)(b) of
	the Act, as she controls JCT. Cameron has a relevant
	interest under Section 608(3)(a) of the Act, as she holds	18,467,921
	20% or more of the voting power in ECF and EFF.	ordinary shares
	Elsie Flood Foundation Pty Ltd (638 EFF has a relevent interest under Section 608(1)(a) of the	11,615,755
550 419) ATF The Eisle Flood	Act, as the registered holder of the securities	ordinary shares
Foundation (EFF)

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 (8)	Class and number of securities
UBWere (NZ) Nominees Limiled	UBWere (NZ) Nominees Limited ECF		$6,823,051$ ordinary shares
NCT	UBWere (NZ) Nominees LimitedUCT		129,115 ordinary shares
EFF	IEFF	EFF	11,515,755 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 .	Consideration (9)		Class and number of securities
		Cash	Non-cash ----
Please see attached table				--

6 Associatos

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

Name and ACN/ARSN(If applicable)	Nature of association
ECF	Cameron has a relevant Interest under Section 608(3)(a) of the Act, as she
eff	holds 20% or more of the voling power in ECF. Cameron has a relevant Interest under Section 608(3)(a) of the Act, as she
Тет	holds 20% or more of the voting power in EFF.
	Carneron has a relevant interest under Section 608(3)(b) of the Act, as she controls JCT.

7. Addresses

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

Name	Address
POF	Level 6, 151 Macquarie Street, Sydney NSW 2000
PFF	______ Level 6, 151 Macquarie Street, Sydney NSW 2000
JCT	Level 6, 151 Macquarie Street, Sydney NSW 2000
Cameron	Level 6, 151 Macquario Street, Sydney NSW 2000 سمحت

Signature

print nam e	Janet Heather Cameron	capacity individual
sign here	MIMM DIRECTIONS	Date	March	' 2021

$(1)$ 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 must), the names could be included in an annexure to the form. If the relevant interests of a group of persons, they may be referred to throughout the form as a specifically narred group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

• See the definition of "relevant interest" In sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• (4) The voling shares of a company constitute one class unless divided into separate classes.
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the personor an associate has a $(5)$ relevant interestin.
• $(0)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(7)$ Include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting ä. out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, screme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• anyqualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the b. securities to which therefevant 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.

• $(0)$ 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".
• 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, $(9)$ 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 of 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 whern the relevant interest was acquired.

$(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.

GUIDE This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 603.

Signature	This form must be signed by either a director or a secretary of the substantial holder.
Lodgingperiod
Lodging Fee	Nil
Other forms to be completed	∙Nil∂
Additional Information	(a) If additional space is required to complote a question, the information may be included on a separate piece of paper annexed to the form.
	(b) This notice must be given to a listed company, or the responsible entity for a listed managed investment scheme. A copy of this notice must also be given to each relevant securities exchange.
	(c) The person must give a copy of this notice. (i) within 2 business days after they become aware of the information; or (ii) by 9.30 am on the next trading day of the relevant securities exchange after they become aware of the information if:
	(A) a takeover bid is made for voting shares in the company or voting interests in the scheme; and the person becomes aware of the information during the bid period. (B)
Annexures
	To make any annexure conform to the regulations, you must 1 use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides 2 show the corporation name and ACN or ARBN
	3 number the pages consecutively print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when 4 photocopied
	5 identify the annexure with a mark such as $A, B, C$ , etc 6 endorse the annexure with the words: This is annexure (mark) of (number) pages referred to in form (form number and title)
	7 sign and date the annexure The annexure must be signed by the same person(s) who signed the form.

Informationinthisguideisintendedasaguideonly.Pleaseconsultyouraccountantorsolicitorforfurtheradvice.

$\bar{z}$

This is Annexure A

1 of 2 pages

referred to In Form 603 - Notice of Issue of Substantial Shareholder - Thorney Technologies Limited

Holder of relevant Interest	Date of acquisition	Consideration		Class and number of securities
		Cash	Non-cash
ECF	1 March 2021	\$14,593.65		37,500
				ordinary shares
ECF	26 February 2021	\$32,054.39		83,182
				ordinary shares
EFF	26 February 2021	\$206,614.59		529.781
				ordinary shares 893 288
ECF	25 February 2021	\$348,382.32		ordinary shares
				33,670
ECF	25 February 2021	\$13,131.30		ordinary shares
ECF	24 February 2021	\$77,640.30		197,307
				ordinary shares
ECF	24 February 2021	\$49,537.35		125.411
				ordinary shares
ECF	23 February 2021	\$4,317.69		11,071 ordinary shares
				7.677
ECF	22 February 2021	\$2,917.26		ordinary shares
ECF	19 February 2021	\$24,465.09		62,731
				ordinary shares
ECF	18 February 2021	\$24,838.20		60,000 ordinary shares
				108,350
ECF	10 February 2021	\$42,148,15		ordinary shares
ECF				2,864
	9 February 2021	\$1,074.00		ordinary shares
EFF	16 December 2020	\$499,538.90		1,427,254
				ordinary shares
JCT	7 December 2020	\$16,140,25		46,115 ordinary shares
				1,714,545
ËFF.	9 December 2020	\$600,090,75		ordinary shares
EFF	19 November 2020	\$246,871,74		700,000
				ordinary shares
EFF	10 November 2020	\$2,500,461.25		7,144,175 ordinary shares
				83,000
JCT	9 November 2020	\$30,255.43		ordinary shares
ECF	5 February 2021	\$18,500,00		50,000
				ordinary shares
ECF	5 February 2021	\$17,746.56		49,296
				ordinary shares
ECF.	4 February 2021	\$14,400.00		40,000 ordinary shares
				70,088
ECF	3 February 2021	\$25,932.56		ordinary shares

$\frac{1}{2}$

$\label{eq:2.1} \frac{1}{2} \int_{\mathbb{R}^3} \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \,$

$\sim 10$

$\bar{\bar{\bar{\bar{\bar{\bar{\bar{\bar{\bar{\bar{\bar{\bar{\bar{\bar{\bar{\bar{\bar{\bar{\bar{\$

This is Annexure A

2 of 2 pages

referred to in Form 603 - Notice of Issue of Substantial Shareholder - Thorney Technologies Limited

ECF	2 February 2021	\$52,027.92	140 616 ordinary shares
ECF	15 January 2021	\$53,591.40	141.030 ordinary shares
ECF	13 January 2021	\$13,524.42	34,678 ordinary shares
ECF	12 January 2021	\$28,000,00	70,000 ordinary shares
ECF:	11 January 2021	\$30,686.00	76,715 ordinary shares
ECF	7 January 2021	\$30,255.03	77,577 ordinary shares
EGF	5 January 2021	\$39,000,00	100,000 ordinary shares
ECF	23 December 2020	\$88,439.68	232,736 ordinary shares
ECF	22 December 2020	\$101,865.00	267,264 ordinary share
ECF	18 December 2020	\$245,270,46	611,495 ordinary shares
ECF	18 December 2020	\$139,156.22	350,000 ordinary shares
ECF	15 December 2020	\$90,117.66	227,406 ordinary shares
ECF	14 December 2020	\$60,025.21	155,282 ordinary shares
ECF	11 December 2020	\$45,955.78	117,513 ordinary shares
ECF	10 December 2020	\$99,823.57	250,000 ordinary shares
ECF	9 December 2020	\$236,201.83	600,294 ordinary shares
ECF	8 December 2020	\$213,799.74	586,895 ordinary shares
ECF	7 December 2020	\$38,890.25	111,115 ordinary shares
ECF	30 November 2020	\$14,300.00	40,000 ordinary shares
ECF	20 November 2020	\$35,105.00	100.000 ordinary shares
ECF	19 November 2020	\$175,525.00	500,000 ordinary shares
ECF	9 November 2020	\$73,219.00	200,000 ordinary shares
			Total 18,467,921 ordinary shares