VEEM LTD — Major Shareholding Notification 2024

Feb 26, 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 23 February 2024 The previous notice was given to the company on 1 February 2024 The previous notice was dated 1 February 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)

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	14,574,478	10.74	12,851,416	9.47

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

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
31/01/2024	HSBC	Buyon the Market	33,469.53 $	28,597	28,597
1/02/2024	HSBC	Buyon the Market	11,282.46 $	9,641	9,641
2/02/2024	HSBC	Sell on the Market	185,948.76 $	149,087	149,087
9/02/2024	HSBC	Sell on the Market	12,197.32 $	10,000	10,000
15/02/2024	HSBC	Buyon the Market	18,812.08 $	15,843	15,843
16/02/2024	HSBC	Buyon the Market	35,937.91 $	30,389	30,389
19/02/2024	HSBC	Buyon the Market	11,926.18 $	10,000	10,000
19/02/2024	HSBC	Sell on the Market	1,197,360.00 $	1,000,000	1,000,000
20/02/2024	HSBC	Sell on the Market	248,973.76 $	202,864	202,864
21/02/2024	HSBC	Buyon the Market	14,811.13 $	12,419	12,419
22/02/2024	HSBC	Sell on the Market	9,877.82 $	8,000	8,000
23/02/2024	HSBC	Sell on the Market	245,599.93 $	192,298	192,298
23/02/2024	HSBC	Sell on the Market	341,904.71 $	267,702	267,702

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	8,779,833	8,779,833	8,779,833
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

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,CanningVale,Wa 6155

Signature
Print Name	Bill Anastasopoulos	Capacity	Company Secretary

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Sign Here Date 27/02/2024

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