WAM ACTIVE LIMITED — Major Shareholding Notification 2022

Jun 5, 2022

603 Page 1 of 2 15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme

ACN/ARSN

MMA Offshore Limited (ASX:MRM)

ACN: 083 185 693

1. Details of substantial holder (1)

Name Wilson Asset Management Group (refer entities listed in Annexure A)

ACN/ARSN (if applicable)

The holder became a substantial holder on 02 / 06 / 2022

2. Details of 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 relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary Shares	18,796,100	18,796,100	5.23%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Annexure C

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

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Holder of relevant Registered holder of Person entitled to be Class and number of securities
interest securities registered as holder (8)
Annexure C
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5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		Cash	Non-cash
Annexure B

603 Page 2 of 2 15 July 2001

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
n/a

7. Addresses

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

Name	Address
Refer Annexure A

Signature

ure
print name sign here	Martyn McCathie capacity Head of Operations
	date 06/06/2022

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write "unknown".

• (9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

Annexure A

Wilson Asset Management Group

1. Details of Wilson Asset Management Group

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Name ACN / ARSN
Wilson Asset Management (International) Pty Limited (ACN 081 047 118)
MAM Pty Limited (ACN 100 276 542)
WAM Capital Limited (ACN 086 587 395)
WAM Research Limited (ACN 100 504 541)
WAM Active Limited (ACN 126 420 719)
Botanical Nominees Pty Limited as trustee of the Wilson Asset Management Equity Fund (ACN 081 032 000)
WAM Leaders Limited (ACN 611 053 751)
WAM Microcap Limited (ACN 617 838 418)
WAM Global Limited (ACN 624 572 925)
WAM Strategic Value Limited (ACN 649 096 220)
WAM Alternative Assets Limited (ACN 168 941 704)
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7. Addresses

Name Wilson Asset Management (International) Pty Limited MAM Pty Limited WAM Capital Limited WAM Research Limited WAM Active Limited Botanical Nominees Pty Limited WAM Leaders Limited WAM Microcap Limited WAM Alternative Assets Limited WAM Strategic Value Limited WAM Global Limited Citigroup Pty Limited

Address Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 26,1 Farrer Place, Sydney, NSW 2000 Level 21, 2 Park Street, Sydney NSW 2000

Signed: _____

Date: 06/06/2022

ANNEXURE B

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Consideration given in Number of Securities Class of Securities Persons votes
Date of Change Persons whose relevant interest changed Nature of Change relation to change (9) affected affected affected
03-Feb-22 WAM Microcap Limited On Market Purchase (456,148.37) 990,855 Ordinary Shares 990,855
04-Feb-22 WAM Microcap Limited On Market Purchase (262,056.68) 575,000 Ordinary Shares 575,000
07-Feb-22 WAM Microcap Limited On Market Purchase (461,142.30) 1,023,300 Ordinary Shares 1,023,300
08-Feb-22 WAM Microcap Limited On Market Purchase (226,042.13) 476,700 Ordinary Shares 476,700
09-Feb-22 WAM Microcap Limited On Market Purchase (200,157.39) 408,395 Ordinary Shares 408,395
15-Feb-22 WAM Microcap Limited On Market Purchase (49,232.49) 98,402 Ordinary Shares 98,402
21-Feb-22 WAM Microcap Limited On Market Purchase (47,758.67) 100,000 Ordinary Shares 100,000
22-Feb-22 WAM Microcap Limited On Market Purchase (61,715.10) 129,440 Ordinary Shares 129,440
24-Feb-22 WAM Microcap Limited On Market Purchase (245,083.11) 497,759 Ordinary Shares 497,759
28-Feb-22 WAM Microcap Limited On Market Purchase (48,300.96) 101,690 Ordinary Shares 101,690
01-Mar-22 WAM Microcap Limited On Market Purchase (97,620.81) 200,000 Ordinary Shares 200,000
02-Mar-22 WAM Microcap Limited On Market Purchase (1,732.29) 3,603 Ordinary Shares 3,603
03-Mar-22 WAM Microcap Limited On Market Purchase (221,331.11) 446,397 Ordinary Shares 446,397
04-Mar-22 WAM Microcap Limited On Market Purchase (96,040.04) 193,975 Ordinary Shares 193,975
08-Mar-22 WAM Microcap Limited On Market Purchase (493,112.29) 1,000,000 Ordinary Shares 1,000,000
09-Mar-22 WAM Microcap Limited On Market Purchase (317,564.68) 621,894 Ordinary Shares 621,894
17-Mar-22 WAM Microcap Limited On Market Purchase (104,171.60) 200,000 Ordinary Shares 200,000
21-Mar-22 WAM Microcap Limited On Market Purchase (247,642.00) 449,680 Ordinary Shares 449,680
22-Mar-22 WAM Microcap Limited On Market Purchase (302,167.84) 534,213 Ordinary Shares 534,213
23-Mar-22 WAM Microcap Limited On Market Purchase (95,772.97) 168,509 Ordinary Shares 168,509
31-Mar-22 WAM Microcap Limited On Market Purchase (1,389,808.41) 2,317,166 Ordinary Shares 2,317,166
12-Apr-22 WAM Microcap Limited On Market Purchase (126,865.41) 210,009 Ordinary Shares 210,009
19-Apr-22 WAM Microcap Limited On Market Purchase (72,115.80) 119,995 Ordinary Shares 119,995
20-Apr-22 WAM Microcap Limited On Market Purchase (72,118.80) 120,000 Ordinary Shares 120,000
21-Apr-22 WAM Microcap Limited On Market Purchase (89,472.39) 150,000 Ordinary Shares 150,000
22-Apr-22 WAM Microcap Limited On Market Purchase (40,036.36) 68,000 Ordinary Shares 68,000
26-Apr-22 WAM Microcap Limited On Market Purchase (108,137.76) 187,952 Ordinary Shares 187,952
27-Apr-22 WAM Microcap Limited On Market Purchase (122,065.07) 212,048 Ordinary Shares 212,048
28-Apr-22 WAM Microcap Limited On Market Purchase (83,960.44) 147,108 Ordinary Shares 147,108
29-Apr-22 WAM Microcap Limited On Market Purchase (156,904.89) 274,963 Ordinary Shares 274,963
02-May-22 WAM Microcap Limited On Market Purchase (28,461.88) 50,000 Ordinary Shares 50,000
03-May-22 WAM Microcap Limited On Market Purchase (142,609.92) 250,000 Ordinary Shares 250,000
04-May-22 WAM Microcap Limited On Market Purchase (33,715.29) 59,388 Ordinary Shares 59,388
05-May-22 WAM Microcap Limited On Market Purchase (296,423.06) 518,540 Ordinary Shares 518,540
06-May-22 WAM Microcap Limited On Market Purchase (99,999.52) 175,241 Ordinary Shares 175,241
09-May-22 WAM Microcap Limited On Market Purchase (98,552.75) 177,600 Ordinary Shares 177,600
10-May-22 WAM Microcap Limited On Market Purchase (144,093.85) 267,452 Ordinary Shares 267,452
11-May-22 WAM Microcap Limited On Market Purchase (59,649.27) 106,057 Ordinary Shares 106,057
12-May-22 WAM Microcap Limited On Market Purchase (56,603.25) 100,000 Ordinary Shares 100,000
13-May-22 WAM Microcap Limited On Market Purchase (252,505.95) 450,000 Ordinary Shares 450,000
16-May-22 WAM Microcap Limited On Market Purchase (86,770.66) 156,086 Ordinary Shares 156,086
20-May-22 WAM Capital Limited On Market Purchase (11,924.85) 21,336 Ordinary Shares 21,336
20-May-22 WAM Active Limited On Market Purchase (824.39) 1,475 Ordinary Shares 1,475
Botanical Nominees Pty Limited as trustee of the
20-May-22 Wilson Asset Management Equity Fund On Market Purchase (366.64) 656 Ordinary Shares 656
23-May-22 WAM Capital Limited On Market Purchase (78,500.84) 136,377 Ordinary Shares 136,377
23-May-22 WAM Active Limited On Market Purchase (5,426.91) 9,428 Ordinary Shares 9,428
Botanical Nominees Pty Limited as trustee of the
23-May-22 Wilson Asset Management Equity Fund On Market Purchase (2,414.71) 4,195 Ordinary Shares 4,195
24-May-22 WAM Capital Limited On Market Purchase (52,737.49) 90,918 Ordinary Shares 90,918
24-May-22 WAM Active Limited On Market Purchase (3,645.65) 6,285 Ordinary Shares 6,285
Botanical Nominees Pty Limited as trustee of the
24-May-22 Wilson Asset Management Equity Fund On Market Purchase (1,622.42) 2,797 Ordinary Shares 2,797
25-May-22 WAM Capital Limited On Market Purchase (52,427.85) 90,918 Ordinary Shares 90,918
25-May-22 WAM Active Limited On Market Purchase (3,624.25) 6,285 Ordinary Shares 6,285
Botanical Nominees Pty Limited as trustee of the
25-May-22 Wilson Asset Management Equity Fund On Market Purchase (1,612.89) 2,797 Ordinary Shares 2,797
26-May-22 WAM Capital Limited On Market Purchase (52,737.49) 90,918 Ordinary Shares 90,918
26-May-22 WAM Active Limited On Market Purchase (3,646.23) 6,286 Ordinary Shares 6,286
Botanical Nominees Pty Limited as trustee of the
26-May-22 Wilson Asset Management Equity Fund On Market Purchase (1,621.84) 2,796 Ordinary Shares 2,796
27-May-22 WAM Capital Limited On Market Purchase (78,962.57) 137,100 Ordinary Shares 137,100
27-May-22 WAM Active Limited On Market Purchase (5,131.12) 8,909 Ordinary Shares 8,909
Botanical Nominees Pty Limited as trustee of the
27-May-22 Wilson Asset Management Equity Fund On Market Purchase (2,298.61) 3,991 Ordinary Shares 3,991
30-May-22 WAM Capital Limited On Market Purchase (136,776.91) 228,500 Ordinary Shares 228,500
30-May-22 WAM Active Limited On Market Purchase (8,887.21) 14,847 Ordinary Shares 14,847
Botanical Nominees Pty Limited as trustee of the
30-May-22 Wilson Asset Management Equity Fund On Market Purchase (3,982.39) 6,653 Ordinary Shares 6,653
31-May-22 WAM Microcap Limited On Market Purchase (3,189.27) 5,328 Ordinary Shares 5,328
31-May-22 WAM Capital Limited On Market Purchase (62,320.59) 104,113 Ordinary Shares 104,113
31-May-22 WAM Active Limited On Market Purchase (4,083.56) 6,822 Ordinary Shares 6,822
Botanical Nominees Pty Limited as trustee of the
31-May-22 Wilson Asset Management Equity Fund On Market Purchase (1,899.92) 3,174 Ordinary Shares 3,174
01-Jun-22 WAM Microcap Limited On Market Purchase (51,211.14) 81,607 Ordinary Shares 81,607
01-Jun-22 WAM Capital Limited On Market Purchase (795,049.46) 1,266,943 Ordinary Shares 1,266,943
01-Jun-22 WAM Active Limited On Market Purchase (49,437.73) 78,781 Ordinary Shares 78,781
Botanical Nominees Pty Limited as trustee of the
01-Jun-22 Wilson Asset Management Equity Fund On Market Purchase (24,127.42) 38,448 Ordinary Shares 38,448
02-Jun-22 WAM Microcap Limited On Market Purchase (2,294.99) 3,532 Ordinary Shares 3,532
02-Jun-22 WAM Capital Limited On Market Purchase (379,027.29) 583,325 Ordinary Shares 583,325
02-Jun-22 WAM Active Limited On Market Purchase (25,590.55) 39,384 Ordinary Shares 39,384
Botanical Nominees Pty Limited as trustee of the
02-Jun-22 Wilson Asset Management Equity Fund On Market Purchase (11,617.90) 17,880 Ordinary Shares 17,880
03-Jun-22 WAM Microcap Limited On Market Purchase (724.65) 1,113 Ordinary Shares 1,113
03-Jun-22 WAM Capital Limited On Market Purchase (119,696.42) 183,845 Ordinary Shares 183,845
03-Jun-22 WAM Active Limited On Market Purchase (8,081.76) 12,413 Ordinary Shares 12,413
Botanical Nominees Pty Limited as trustee of the
03-Jun-22 Wilson Asset Management Equity Fund On Market Purchase (3,668.79) 5,635 Ordinary Shares 5,635
06-Jun-22 WAM Microcap Limited On Market Purchase (560.12) 838 Ordinary Shares 838
06-Jun-22 WAM Capital Limited On Market Purchase (92,536.12) 138,444 Ordinary Shares 138,444
06-Jun-22 WAM Active Limited On Market Purchase (6,247.55) 9,347 Ordinary Shares 9,347
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Botanical Nominees Pty Limited as trustee of the
06-Jun-22 Wilson Asset Management Equity Fund	On Market Purchase	(2,836.70)	4,244	Ordinary Shares	4,244
Signed: _____
Date: 06/06/2022

ANNEXURE C

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Person entitled to be Class and Number of
Holder of Relevant Interest Registered Holder of Securities Nature of relevent interest (7) registered as holder (8) Securities
Botanical Nominees Pty Citigroup Pty Limited Management of portfolio of Botanical Botanical Nominees Pty 174,695 ordinary
Limited as trustee of the Nominees Pty Limited as trustee of the Limited as trustee of the shares
Wilson Asset Management Wilson Asset Management Equity Fund Wilson Asset Management
Equity Fund Equity Fund
WAM Active Limited Citigroup Pty Limited Management of portfolio of WAM Active WAM Active Limited 387,000 ordinary
Limited shares
WAM Capital Limited Citigroup Pty Limited Management of portfolio of WAM Capital WAM Capital Limited 5,711,357 ordinary
Limited shares
WAM Microcap Limited Citigroup Pty Limited Management of portfolio of WAM WAM Microcap Limited 12,523,048 ordinary
Microcap Limited shares
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Signed: _____

Date: 06/06/2022