VEEM LTD — Major Shareholding Notification 2024

Jan 31, 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		30 January 2024
The previous notice was given to the company on		30 November 2023
The previous notice was dated		30 November 2023

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

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	17,002,823	12.53	14,574,478	10.74

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

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
4/12/2023	HSBC	Buy on the Market	1,921.93 $	2,159	2,159
5/12/2023	HSBC	Buy on the Market	2,546.85 $	2,861	2,861
6/12/2023	HSBC	Buy on the Market	8,948.16 $	10,127	10,127
7/12/2023	HSBC	Buy on the Market	596.43 $	670	670
12/12/2023	HSBC	Buy on the Market	4,211.09 $	4,777	4,777
13/12/2023	HSBC	Buy on the Market	1,496.33 $	1,700	1,700
14/12/2023	HSBC	Sell on the Market	469.90 $	500	500
15/12/2023	HSBC	Buy on the Market	647.20 $	687	687
15/12/2023	HSBC	Sell on the Market	25,014.50 $	25,000	25,000
18/12/2023	HSBC	Buy on the Market	1,317.95 $	1,399	1,399
18/12/2023	HSBC	Sell on the Market	278,386.20 $	300,000	300,000
18/12/2023	HSBC	Sell on the Market	607,565.82 $	654,737	654,737
18/12/2023	HSBC	Sell on the Market	88,399.68 $	95,263	95,263
20/12/2023	HSBC	Buy on the Market	30,813.87 $	32,034	32,034
21/12/2023	HSBC	Buy on the Market	17,648.47 $	18,226	18,226
22/12/2023	HSBC	Buy on the Market	182.40 $	188	188
27/12/2023	HSBC	Buy on the Market	5,289.53 $	5,236	5,236
28/12/2023	HSBC	Buy on the Market	57,146.09 $	53,103	53,103
28/12/2023	HSBC	Buy on the Market	39,562.75 $	36,263	36,263
28/12/2023	HSBC	Buy on the Market	42,437.52 $	38,898	38,898
9/01/2024	HSBC	Buy on the Market	104,114.40 $	100,000	100,000
12/01/2024	HSBC	Buy on the Market	11,567.63 $	11,384	11,384
12/01/2024	HSBC	Buy on the Market	16,052.83 $	15,798	15,798
17/01/2024	HSBC	Buy on the Market	25,975.91 $	24,971	24,971
22/01/2024	HSBC	Sell on the Market	19,187.30 $	17,128	17,128
22/01/2024	HSBC	Sell on the Market	14,419.60 $	12,872	12,872
24/01/2024	HSBC	Buy on the Market	42,645.14 $	36,926	36,926
24/01/2024	HSBC	Buy on the Market	66,542.89 $	57,901	57,901
24/01/2024	HSBC	Sell on the Market	190,893.91 $	159,429	159,429
24/01/2024	HSBC	Sell on the Market	165,456.00 $	138,184	138,184
25/01/2024	HSBC	Sell on the Market	77,991.24 $	65,136	65,136
25/01/2024	HSBC	Sell on the Market	83,652.36 $	69,864	69,864
29/01/2024	HSBC	Buy on the Market	142,757.85 $	124,460	124,460
30/01/2024	HSBC	Buy on the Market	34,811.48 $	30,000	30,000
30/01/2024	HSBC	Sell on the Market	67,595.13 $	57,901	57,901
30/01/2024	HSBC	Sell on the Market	174,071.39 $	149,107	149,107
30/01/2024	HSBC	Sell on the Market	1,509,472.48 $	1,292,992	1,292,992

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	10,502,895	10,502,895	10,502,895
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

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	1/02/2024

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