VEEM LTD — Major Shareholding Notification 2024

May 2, 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 2 May 2024 The previous notice was given to the company on 27 February 2024 The previous notice was dated 27 February 2024

Australian Business Register

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	12,851,416	9.47	14,462,704	10.65

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
4/03/2024	HSBC	Sell on the Market	652.36 $	500	500
4/03/2024	HSBC	Sell on the Market	922.04 $	704	704
11/03/2024	HSBC	Sell on the Market	157,635.26 $	118,118	118,118
11/03/2024	HSBC	Sell on the Market	176,004.12 $	131,882	131,882
12/03/2024	HSBC	Sell on the Market	313,310.08 $	230,883	230,883
12/03/2024	HSBC	Sell on the Market	365,193.92 $	269,117	269,117
25/03/2024	HSBC	Buy on the Market	121,543.13 $	82,071	82,071
25/03/2024	HSBC	Buy on the Market	5,504.43 $	3,747	3,747
25/03/2024	HSBC	Buy on the Market	3,454.73 $	2,353	2,353
25/03/2024	HSBC	Buy on the Market	108,716.74 $	73,296	73,296
25/03/2024	HSBC	Buy on the Market	3,886.40 $	2,647	2,647
25/03/2024	HSBC	Buy on the Market	169,116.40 $	114,017	114,017
25/03/2024	HSBC	Buy on the Market	136,719.91 $	92,319	92,319
25/03/2024	HSBC	Buy on the Market	4,687.65 $	3,191	3,191
27/03/2024	HSBC	Buy on the Market	142,528.97 $	91,859	91,859
27/03/2024	HSBC	Buy on the Market	225,927.80 $	145,609	145,609
4/04/2024	HSBC	Buy on the Market	28,226.26 $	15,904	15,904
4/04/2024	HSBC	Buy on the Market	28,396.65 $	16,000	16,000
5/04/2024	HSBC	Buy on the Market	30,852.01 $	17,902	17,902
5/04/2024	HSBC	Buy on the Market	27,127.77 $	15,741	15,741
8/04/2024	HSBC	Buy on the Market	23,277.46 $	13,276	13,276
8/04/2024	HSBC	Buy on the Market	20,470.35 $	11,675	11,675
10/04/2024	HSBC	Buy on the Market	180,335.84 $	101,661	101,661
10/04/2024	HSBC	Buy on the Market	174,442.96 $	98,339	98,339
16/04/2024	HSBC	Buy on the Market	9,681.19 $	5,687	5,687
16/04/2024	HSBC	Buy on the Market	10,746.86 $	6,313	6,313
17/04/2024	HSBC	Buy on the Market	444,182.22 $	257,036	257,036
17/04/2024	HSBC	Buy on the Market	4,189.28 $	2,467	2,467
17/04/2024	HSBC	Buy on the Market	400,091.65 $	231,522	231,522
17/04/2024	HSBC	Buy on the Market	3,990.60 $	2,350	2,350
17/04/2024	HSBC	Buy on the Market	3,262.10 $	1,921	1,921
17/04/2024	HSBC	Buy on the Market	3,968.52 $	2,337	2,337
18/04/2024	HSBC	Buy on the Market	18,179.03 $	10,546	10,546
18/04/2024	HSBC	Buy on the Market	17,318.86 $	10,047	10,047
18/04/2024	HSBC	Buy on the Market	17,227.50 $	9,994	9,994
19/04/2024	HSBC	Buy on the Market	11,851.02 $	6,879	6,879
19/04/2024	HSBC	Buy on the Market	11,291.11 $	6,554	6,554
29/04/2024	HSBC	Buy on the Market	52,932.94 $	30,181	30,181
29/04/2024	HSBC	Buy on the Market	13,190.70 $	7,521	7,521
30/04/2024	HSBC	Buy on the Market	68,903.64 $	35,623	35,623
30/04/2024	HSBC	Buy on the Market	17,168.37 $	8,876	8,876
2/05/2024	BNP Paribas Securities Services	Buy on the Market	54,405.52 $	29,839	29,839

2/05/2024	BNP Paribas Securities Services	Buy on the Market	118,556.61 $	64,998	64,998
2/05/2024	HSBC	Buy on the Market	236,786.72 $	129,817	129,817
2/05/2024	HSBC	Buy on the Market	108,661.54 $	59,596	59,596
2/05/2024	HSBC	Buy on the Market	173,779.49 $	95,494	95,494
2/05/2024	Northern Trust	Buy on the Market	556,658.66 $	305,185	305,185
2/05/2024	Northern Trust	Buy on the Market	255,448.33 $	140,102	140,102

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	9,850,997	9,850,997	9,850,997
Perennial Value Management Limited	Northern Trust	Northern Trust	445,287	445,287	445,287
Perennial Value Management Limited	BNP Paribas Securities Services	BNP Paribas Securities Services	94,837	94,837	94,837
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	3/05/2024

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