TUAS LIMITED — Major Shareholding Notification 2021

Jul 12, 2021

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme Tuas Ltd (TUA)

ACN/ARSN 639 685 975 1. Details of substantial holder (1)

Name Regal Funds Management Pty Ltd (RFM)

ACN/ARSN (if applicable) 107 576 821

The holder became a substantial holder on

9/07/2021

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

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
ORDINARY	23,702,338	23,702,338	5.11%

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 (7)	Class and number of securities
REGAL FUNDS MANAGEMENT PTY LIMITED	REGAL FUNDS MANAGEMENT PTY LIMITED HAS A RELEVANT INTEREST IN ITS CAPACITY AS INVESTMENT MANAGER AND/OR TRUSTEE	23,702,338 ORDINARY

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)	Nature of relevant interest (6)	Class and number of securities	Person's votes
UBS AG, AUSTRALIA BRANCH	UBS NOMINEES PTY LTD	UBS AG, AUSTRALIA BRANCH	HOLDER OF SHARES	11,379,794 ORDINARY	11,379,794
MERRILL LYNCH INTERNATIONAL LIMITED	MERRILL LYNCH (AUS) NOMINEES PTY LTD	MERRILL LYNCH INTERNATIONAL LIMITED	HOLDER OF SHARES	3,998,016 ORDINARY	3,998,016
CREDIT SUISSE AG	CS THIRD NOMINEES PTY LIMITED	CREDIT SUISSE AG	HOLDER OF SHARES	8,324,528 ORDINARY	8,324,528

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
	See Annexure 1
6. Associates
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
	NOT APPLICABLE
7. Addresses
The addresses of persons named in this form are as follows:
	Name			Address
	PHILIP KING		LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW
				2000
Signature
	print name	Kenny	Ho		capacity	CompanySecretary
	sign here				date	13/07/2021
Annexure 1
Consideration
				Considerati
				on given in	Number of		Persons
	Person whose relevant interest		Nature of	relation to	securities	Class of	votes
Date	changed		Change	change	affected	securities	affected
19/05/2021	Regal Funds Management		Buy	1919973.87	3254193	Ordinary	3254193
21/05/2021	Regal Funds Management		Buy	2275917.92	3857488	Ordinary	3857488
25/05/2021	Regal Funds Management		Buy	497445.00	829075	Ordinary	829075
9/07/2021	Regal Funds Management		Buy	2135474.56	3336679	Ordinary	3336679