VEEM LTD — Major Shareholding Notification 2024

Sep 22, 2024

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) 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 20 September 2024 The previous notice was given to the company on 16 July 2024 The previous notice was dated 16 July 2024

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:

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person's votes	Voting Power(%) (5)	Person's votes	Voting Power(%) (5)
Ordinary	18,653,661	13.74	20,322,511	14.97

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:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change(7)	Class & number of securities affected	Person's votes affected
16/07/2024	HSBC	Buy on the Market	$ 441,209.36	247,368	247,368
17/07/2024	HSBC	Sell on the Market	$ 311,739.89	171,193	171,193
17/07/2024	HSBC	Sell on the Market	$ 429,639.56	235,938	235,938
22/07/2024	HSBC	Buy on the Market	$ 16,857.61	9,603	9,603
23/07/2024	HSBC	Buy on the Market	$ 32,248.06	18,498	18,498
24/07/2024	BNP Paribas Securities Services	Buy on the Market	$ 19,778.08	11,362	11,362
24/07/2024	HSBC	Buy on the Market	$ 49,819.44	28,620	28,620
24/07/2024	Northern Trust	Buy on the Market	$ 111,710.78	64,175	64,175
25/07/2024	BNP Paribas Securities Services	Buy on the Market	$ 1,871.97	1,079	1,079
25/07/2024	BNP Paribas Securities Services	Buy on the Market	$ 599.90	345	345
25/07/2024	HSBC	Buy on the Market	$ 1,512.77	870	870
25/07/2024	HSBC	Buy on the Market	$ 4,715.48	2,718	2,718
25/07/2024	Northern Trust	Buy on the Market	$ 3,392.44	1,951	1,951
25/07/2024	Northern Trust	Buy on the Market	$ 10,572.53	6,094	6,094
26/07/2024	BNP Paribas Securities Services	Buy on the Market	$ 972.31	542	542
26/07/2024	HSBC	Buy on the Market	$ 2,446.93	1,364	1,364
26/07/2024	HSBC	Buy on the Market	$ 8,741.87	4,873	4,873
26/07/2024	Northern Trust	Buy on the Market	$ 5,487.66	3,059	3,059
29/07/2024	HSBC	Sell on the Market	$ 74,316.22	40,811	40,811
29/07/2024	HSBC	Sell on the Market	$ 107,782.29	59,189	59,189
30/07/2024	BNP Paribas Securities Services	Buy on the Market	$ 5,657.44	3,190	3,190
30/07/2024	HSBC	Buy on the Market	$ 14,250.02	8,035	8,035
30/07/2024	Northern Trust	Buy on the Market	$ 31,954.80	18,018	18,018
31/07/2024	BNP Paribas Securities Services	Buy on the Market	$ 14,012.30	7,740	7,740
31/07/2024	HSBC	Buy on the Market	$ 33,263.81	18,374	18,374
31/07/2024	Northern Trust	Buy on the Market	$ 89,857.91	49,635	49,635
1/08/2024	BNP Paribas Securities Services	Buy on the Market	$ 12,545.01	7,047	7,047
1/08/2024	BNP Paribas Securities Services	Buy on the Market	$ 2,679.33	1,519	1,519
1/08/2024	HSBC	Buy on the Market	$ 21,914.16	12,310	12,310
1/08/2024	HSBC	Buy on the Market	$ 4,679.55	2,653	2,653
1/08/2024	HSBC	Buy on the Market	$ 3,166,879.17	1,749,657	1,749,657
1/08/2024	HSBC	Buy on the Market	$ 4,315,659.02	2,384,342	2,384,342
1/08/2024	HSBC	Sell on the Market	$ 3,166,879.17	1,749,657	1,749,657
1/08/2024	HSBC	Sell on the Market	$ 4,315,659.02	2,384,342	2,384,342
1/08/2024	Northern Trust	Buy on the Market	$ 52,761.32	29,638	29,638
1/08/2024	Northern Trust	Buy on the Market	$ 11,267.62	6,388	6,388
2/08/2024	BNP Paribas Securities Services	Buy on the Market	$ 49,125.06	27,748	27,748
2/08/2024	HSBC	Sell on the Market	$ 288,824.83	163,141	163,141
2/08/2024	Northern Trust	Buy on the Market	$ 239,699.77	135,393	135,393
5/08/2024	BNP Paribas Securities Services	Buy on the Market	$ 28,210.01	17,165	17,165
5/08/2024	BNP Paribas Securities Services	Buy on the Market	$ 43,239.68	25,860	25,860
5/08/2024	Northern Trust	Buy on the Market	$ 180,808.70	110,017	110,017

6/08/2024	BNP Paribas Securities Services	Buy on the Market	$ 7,213.71	4,382	4,382
6/08/2024	BNP Paribas Securities Services	Buy on the Market	$ 11,383.18	6,855	6,855
6/08/2024	Northern Trust	Buy on the Market	$ 72,960.26	43,937	43,937
6/08/2024	Northern Trust	Buy on the Market	$ 46,233.91	28,085	28,085
7/08/2024	BNP Paribas Securities Services	Buy on the Market	$ 2,505.91	1,504	1,504
7/08/2024	BNP Paribas Securities Services	Buy on the Market	$ 487.82	295	295
7/08/2024	Northern Trust	Buy on the Market	$ 16,060.18	9,639	9,639
7/08/2024	Northern Trust	Buy on the Market	$ 3,130.32	1,893	1,893
9/08/2024	BNP Paribas Securities Services	Buy on the Market	$ 144,264.54	86,417	86,417
9/08/2024	HSBC	Sell on the Market	$ 465,944.56	279,109	279,109
9/08/2024	HSBC	Sell on the Market	$ 380,942.06	228,191	228,191
9/08/2024	Northern Trust	Buy on the Market	$ 702,622.08	420,883	420,883
9/08/2024	Northern Trust	Buy on the Market	$ 53,818.86	32,041	32,041
12/08/2024	Northern Trust	Buy on the Market	$ 31,365.26	17,533	17,533
14/08/2024	HSBC	Sell on the Market	$ 276,818.75	159,442	159,442
14/08/2024	HSBC	Sell on the Market	$ 449,177.22	258,717	258,717
22/08/2024	HSBC	Buy on the Market	$ 109,867.82	61,588	61,588
22/08/2024	HSBC	Buy on the Market	$ 652,551.66	364,554	364,554
22/08/2024	HSBC	Buy on the Market	$ 878,265.29	490,651	490,651
22/08/2024	HSBC	Sell on the Market	$ 652,551.66	364,554	364,554
22/08/2024	HSBC	Sell on the Market	$ 878,265.29	490,651	490,651
22/08/2024	Northern Trust	Buy on the Market	$ 61,247.19	34,333	34,333
26/08/2024	BNP Paribas Securities Services	Buy on the Market	$ 91,601.48	52,080	52,080
26/08/2024	HSBC	Buy on the Market	$ 144,710.04	82,275	82,275
26/08/2024	HSBC	Buy on the Market	$ 19,398.48	11,029	11,029
26/08/2024	Northern Trust	Buy on the Market	$ 68.46	39	39
26/08/2024	Northern Trust	Buy on the Market	$ 447,959.04	254,687	254,687
27/08/2024	BNP Paribas Securities Services	Buy on the Market	$ 111,209.87	63,409	63,409
27/08/2024	HSBC	Buy on the Market	$ 190,862.73	108,825	108,825
27/08/2024	HSBC	Buy on the Market	$ 23,550.70	13,428	13,428
27/08/2024	Northern Trust	Buy on the Market	$ 551,301.70	314,338	314,338
30/08/2024	BNP Paribas Securities Services	Buy on the Market	$ 10,226.43	5,998	5,998
30/08/2024	HSBC	Buy on the Market	$ 18,971.25	11,127	11,127
30/08/2024	HSBC	Buy on the Market	$ 1,389.56	815	815
30/08/2024	Northern Trust	Buy on the Market	$ 55,762.92	32,706	32,706
4/09/2024	HSBC	Buy on the Market	$ 2,997.86	1,860	1,860
4/09/2024	Northern Trust	Buy on the Market	$ 9,290.16	5,764	5,764
5/09/2024	HSBC	Buy on the Market	$ 5,013.45	3,115	3,115
5/09/2024	Northern Trust	Buy on the Market	$ 15,540.89	9,656	9,656
6/09/2024	HSBC	Buy on the Market	$ 14,234.95	8,901	8,901
6/09/2024	Northern Trust	Buy on the Market	$ 44,121.75	27,589	27,589
9/09/2024	HSBC	Buy on the Market	$ 14,923.84	9,615	9,615
9/09/2024	Northern Trust	Buy on the Market	$ 46,256.92	29,802	29,802
10/09/2024	HSBC	Buy on the Market	$ 2,131.34	1,376	1,376
10/09/2024	Northern Trust	Buy on the Market	$ 6,609.33	4,267	4,267
11/09/2024	HSBC	Buy on the Market	$ 3,525.35	2,253	2,253
11/09/2024	Northern Trust	Buy on the Market	$ 10,929.67	6,985	6,985
12/09/2024	HSBC	Buy on the Market	$ 586.11	373	373
12/09/2024	Northern Trust	Buy on the Market	$ 1,814.91	1,155	1,155
13/09/2024	HSBC	Buy on the Market	$ 26,752.53	16,788	16,788
13/09/2024	HSBC	Buy on the Market	$ 4,929.27	3,129	3,129
13/09/2024	Northern Trust	Buy on the Market	$ 15,277.71	9,698	9,698
16/09/2024	HSBC	Buy on the Market	$ 964.11	612	612
16/09/2024	Northern Trust	Buy on the Market	$ 2,991.59	1,899	1,899
17/09/2024	HSBC	Buy on the Market	$ 14,212.62	9,145	9,145
17/09/2024	Northern Trust	Buy on the Market	$ 52,199.71	33,672	33,672
17/09/2024	Northern Trust	Buy on the Market	$ 44,050.60	28,344	28,344
18/09/2024	BNP Paribas Securities Services	Buy on the Market	$ 11,467.78	7,335	7,335
18/09/2024	HSBC	Buy on the Market	$ 11,846.12	7,577	7,577
18/09/2024	Northern Trust	Buy on the Market	$ 55,695.71	35,624	35,624
20/09/2024	BNP Paribas Securities Services	Buy on the Market	$ 2,556.51	1,649	1,649
20/09/2024	HSBC	Buy on the Market	$ 279,200.40	185,725	185,725
20/09/2024	HSBC	Buy on the Market	$ 2,219.68	1,460	1,460
20/09/2024	HSBC	Buy on the Market	$ 2,640.23	1,703	1,703
20/09/2024	HSBC	Buy on the Market	$ 322,119.61	214,275	214,275
20/09/2024	HSBC	Buy on the Market	$ 2,789.82	1,835	1,835
20/09/2024	Northern Trust	Buy on the Market	$ 12,415.13	8,008	8,008

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 securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class & number of securities (Ord)	Person's votes
Perennial Value Management Limited	HSBC	HSBC	9,729,859	9,729,859	9,729,859
Perennial Value Management Limited	Northern Trust	Northern Trust	5,439,704	5,439,704	5,439,704
Perennial Value Management Limited	BNP Paribas Securities Services	BNP Paribas Securities Services	1,081,365	1,081,365	1,081,365

Perennial Value Management Limited	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited	4,071,583	4,071,583	4,071,583

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:

Name		Address
Perennial Value Management Ltd	Level 27, 88 Phillip St
	SydneyNSW 2000
Veem Ltd	22 Baile Road, Canning	Vale, Wa 6155
Signature
Print Name	Bill Anastasopoulos	Capacity	Company Secretary
Sign Here		Date	23/09/2024

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