VEEM LTD — Major Shareholding Notification 2022

Jan 31, 2022

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Veem Ltd ACN/ARSN: 51 008 944 009 Source: Australian Business Register

1. Details of substantial holder (1)

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|---|---|
|Name:|Perennial Value Management Limited (PVM)|
|ACN/ARSN (if applicable)|22 090 879 904|
|There was a change in the interest of the substantial holder on|28 January 2022|
|The previous notice was given to the company on|17 September 2021|
|The previous notice was dated|16 September 2021|

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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) in when last required, and when now required to give a substantial holding notice to the company or scheme, are as follows:

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Class of securities (4) Previous notice Present notice
Person's votes Voting Power (%) (5) Person's votes Voting Power (%) (5)
Ordinary 14,228,661 10.53 16,038,270 11.82
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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 substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

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|---|---|---|---|---|---|---|
|Date of change|Person whose relevant|Nature of change (6)|Consideration given in|Class & number of|Person's votes affected|
|interest changed|relation to change (7)|securities affected|
|21/09/2021|[National Asset Servicing]|Buy On the Market|$ 2,370,444.54|2,038,566|2,038,566|
|21/09/2021|[National Asset Servicing]|Buy On the Market|$ 726,536.04|624,816|624,816|
|21/09/2021|[National Asset Servicing]|Sell On the Market|$ 3,096,980.59|2,663,382|2,663,382|
|4/11/2021|[National Asset Servicing]|Sell On the Market|$ 215,125.68|196,000|196,000|
|5/11/2021|[National Asset Servicing]|Sell On the Market|$ 199,193.01|170,262|170,262|
|8/11/2021|[National Asset Servicing]|Sell On the Market|$|87,174.61|73,868|73,868|
|9/11/2021|[National Asset Servicing]|Sell On the Market|$|73,928.66|62,538|62,538|
|10/11/2021|[BNP Paribas Securities ]|Sell On the Market|$ 39,594.00|33,330|33,330|
|Services|
|10/11/2021|[National Asset Servicing]|Sell On the Market|$|44,420.15|37,462|37,462|
|10/11/2021|[National Asset Servicing]|Sell On the Market|$|53,972.80|45,434|45,434|
|10/11/2021|[Northern Trust]|Sell On the Market|$|55,110.85|46,392|46,392|
|11/11/2021|[BNP Paribas Securities ]|Sell On the Market|$ 21,690.31|18,268|18,268|
|Services|
|11/11/2021|[National Asset Servicing]|Sell On the Market|$|29,567.12|24,902|24,902|
|11/11/2021|[Northern Trust]|Sell On the Market|$|30,190.47|25,427|25,427|
|12/11/2021|[BNP Paribas Securities ]|Sell On the Market|$ 5,999.27|5,067|5,067|
|Services|
|12/11/2021|[National Asset Servicing]|Sell On the Market|$ 8,179.00|6,908|6,908|
|12/11/2021|[Northern Trust]|Sell On the Market|$ 8,351.87|7,054|7,054|
|15/11/2021|[BNP Paribas Securities ]|Sell On the Market|$ 5,825.29|4,906|4,906|
|Services|
|15/11/2021|[National Asset Servicing]|Sell On the Market|$ 7,940.03|6,687|6,687|
|15/11/2021|[Northern Trust]|Sell On the Market|$ 8,107.44|6,828|6,828|
|16/11/2021|[BNP Paribas Securities ]|Sell On the Market|$ 10,476.91|8,881|8,881|
|Services|
|16/11/2021|[BNP Paribas Securities ]|Sell On the Market|$ 9,504.83|8,057|8,057|
|Services|
|16/11/2021|[National Asset Servicing]|Sell On the Market|$|18,835.07|15,966|15,966|
|16/11/2021|[Northern Trust]|Sell On the Market|$|17,286.12|14,653|14,653|
|18/11/2021|[BNP Paribas Securities ]|Buy On the Market|$ 213,123.47|229,501|229,501|
|Services|
|18/11/2021|[National Asset Servicing]|Buy On the Market|$|95,295.96|102,619|102,619|
|18/11/2021|[Northern Trust]|Buy On the Market|$|93,221.37|100,385|100,385|
|19/11/2021|[BNP Paribas Securities ]|Buy On the Market|$ 2,165.09|2,374|2,374|
|Services|
|19/11/2021|[BNP Paribas Securities ]|Buy On the Market|$ 5,815.31|5,982|5,982|
|Services|
|19/11/2021|[BNP Paribas Securities ]|Buy On the Market|$ 1,695.41|1,859|1,859|
|Services|
|19/11/2021|[BNP Paribas Securities ]|Buy On the Market|$ 4,555.42|4,686|4,686|
|Services|
|19/11/2021|[National Asset Servicing]|Buy On the Market|$ 3,074.36|3,371|3,371|
|19/11/2021|[National Asset Servicing]|Buy On the Market|$ 8,259.25|8,496|8,496|
|19/11/2021|[National Asset Servicing]|Buy On the Market|$ 2,094.87|2,297|2,297|
|19/11/2021|[National Asset Servicing]|Buy On the Market|$ 5,628.65|5,790|5,790|
|19/11/2021|[National Asset Servicing]|Buy On the Market|$ 652.08|715|715|
|19/11/2021|[National Asset Servicing]|Buy On the Market|$ 1,751.79|1,802|1,802|

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19/11/2021 [National Asset Servicing] Buy On the Market $ 3,440.08 3,772 3,772
19/11/2021 [National Asset Servicing] Buy On the Market $ 9,240.13 9,505 9,505
19/11/2021 [Northern Trust] Buy On the Market $ 3,166.47 3,472 3,472
19/11/2021 [Northern Trust] Buy On the Market $ 8,506.18 8,750 8,750
22/11/2021 [BNP Paribas Securities ] Buy On the Market $ 87,506.20 96,055 96,055
Services
22/11/2021 [BNP Paribas Securities ] Buy On the Market $ 4,642.51 5,264 5,264
Services
22/11/2021 [BNP Paribas Securities ] Buy On the Market $ 61,207.35 67,187 67,187
Services
22/11/2021 [National Asset Servicing] Buy On the Market $ 17,505.54 19,849 19,849
22/11/2021 [National Asset Servicing] Buy On the Market $ 110,964.33 121,805 121,805
22/11/2021 [National Asset Servicing] Buy On the Market $ 158,643.54 174,142 174,142
22/11/2021 [National Asset Servicing] Buy On the Market $ 12,198.93 13,832 13,832
22/11/2021 [National Asset Servicing] Buy On the Market $ 75,622.09 83,010 83,010
22/11/2021 [National Asset Servicing] Buy On the Market $ 108,114.87 118,677 118,677
22/11/2021 [National Asset Servicing] Buy On the Market $ 3,727.06 4,226 4,226
22/11/2021 [National Asset Servicing] Buy On the Market $ 23,531.13 25,830 25,830
22/11/2021 [National Asset Servicing] Buy On the Market $ 33,642.36 36,929 36,929
22/11/2021 [National Asset Servicing] Buy On the Market $ 9,382.03 10,638 10,638
22/11/2021 [National Asset Servicing] Buy On the Market $ 124,155.62 136,285 136,285
22/11/2021 [National Asset Servicing] Buy On the Market $ 177,502.17 194,843 194,843
22/11/2021 [Northern Trust] Buy On the Market $ 8,826.41 10,008 10,008
22/11/2021 [Northern Trust] Buy On the Market $ 114,285.84 125,451 125,451
22/11/2021 [Northern Trust] Buy On the Market $ 163,391.67 179,354 179,354
23/11/2021 [BNP Paribas Securities ] Buy On the Market $ 4,553.78 5,129 5,129
Services
23/11/2021 [BNP Paribas Securities ] Buy On the Market $ 7,859.65 8,787 8,787
Services
23/11/2021 [National Asset Servicing] Buy On the Market $ 17,171.89 19,341 19,341
23/11/2021 [National Asset Servicing] Buy On the Market $ 29,635.36 33,132 33,132
23/11/2021 [National Asset Servicing] Buy On the Market $ 11,966.43 13,478 13,478
23/11/2021 [National Asset Servicing] Buy On the Market $ 20,651.37 23,088 23,088
23/11/2021 [National Asset Servicing] Buy On the Market $ 3,655.27 4,117 4,117
23/11/2021 [National Asset Servicing] Buy On the Market $ 6,308.65 7,053 7,053
23/11/2021 [National Asset Servicing] Buy On the Market $ 9,203.45 10,366 10,366
23/11/2021 [National Asset Servicing] Buy On the Market $ 15,882.99 17,757 17,757
23/11/2021 [Northern Trust] Buy On the Market $ 8,657.42 9,751 9,751
23/11/2021 [Northern Trust] Buy On the Market $ 14,941.12 16,704 16,704
24/11/2021 [BNP Paribas Securities ] Buy On the Market $ 1,514.93 1,709 1,709
Services
24/11/2021 [National Asset Servicing] Buy On the Market $ 1,216.20 1,372 1,372
24/11/2021 [National Asset Servicing] Buy On the Market $ 3,060.90 3,453 3,453
24/11/2021 [National Asset Servicing] Buy On the Market $ 5,712.26 6,444 6,444
24/11/2021 [National Asset Servicing] Buy On the Market $ 3,980.14 4,490 4,490
24/11/2021 [Northern Trust] Buy On the Market $ 2,880.07 3,249 3,249
22/12/2021 [BNP Paribas Securities ] Buy On the Market $ 70.93 79 79
Services
22/12/2021 [National Asset Servicing] Buy On the Market $ 215.51 240 240
22/12/2021 [National Asset Servicing] Buy On the Market $ 67.34 75 75
22/12/2021 [National Asset Servicing] Buy On the Market $ 166.12 185 185
22/12/2021 [Northern Trust] Buy On the Market $ 116.73 130 130
23/12/2021 [BNP Paribas Securities ] Buy On the Market $ 4,306.96 4,775 4,775
Services
23/12/2021 [National Asset Servicing] Buy On the Market $ 13,194.16 14,628 14,628
23/12/2021 [National Asset Servicing] Buy On the Market $ 4,103.11 4,549 4,549
23/12/2021 [National Asset Servicing] Buy On the Market $ 10,164.41 11,269 11,269
23/12/2021 [Northern Trust] Buy On the Market $ 7,144.59 7,921 7,921
28/01/2022 [National Asset Servicing] Buy On the Market $ 312,905.47 367,316 367,316
28/01/2022 [National Asset Servicing] Buy On the Market $ 92,982.47 109,151 109,151
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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 of	Person entitled to be	Nature of relevant	Nature of relevant	Class & number	Class & number	of	Person's votes	Person's votes
	securities	registered as holder (8)	interest (6)		securities (Ord)
Perennial Value Management Limited	National Asset Servicing	National Asset Servicing		10,817,794		10,817,794			10,817,794
Perennial Value Management	Northern Trust	Northern Trust		2,469,847			2,469,847			2,469,847
Limited
Perennial Value Management Limited	BNP Paribas Securities Services	BNP Paribas Securities Services		2,750,629			2,750,629			2,750,629

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 interests in the company or scheme are as follows:

Name & ACN

Nature of association

Not applicable

6. Addresses

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

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Name Address
Perennial Value Management Ltd Level 27, 88 Phillip St
Sydney NSW 2000
Veem Ltd Veem Ltd22 Baile Road, Canning Vale, Wa 6155
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|||||
|---|---|---|---|
|Signature|
|Print Name|Bill Anastasopoulos|Capacity|Company Secretary|
|Sign Here|Date|31/01/2022|

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