WAM ACTIVE LIMITED — Major Shareholding Notification 2023

Nov 1, 2023

605 Page 1 of 2 15 July 2001

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme

MMA Offshore Limited (ASX: MRM)

ACN/ARSN

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 ceased to be a substantial holder on 31/10/2023 The previous notice was given to the company on 18/07/2023 The previous notice was dated 18/07/2023

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
Refer to Annexure B

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

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

4. Addresses

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

4. Addresses The addresses of persons named in this form	are as follows:
Name	Address
Refer Annexure A

Signature

print name Kim Heng capacity Chief Operations Officer sign here date 2/11/2023

605 Page 1 of 2 15 July 2001

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 4 of the form.

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

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

• (4)

• Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. 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.

• (5)

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.

(6)

The voting shares of a company constitute one class unless divided into separate classes.

(7)

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Page 1

Annexure A

1. Details of Wilson Asset Management Group

Wilson Asset Management Group

Name	ACN / ARSN
Wilson Asset Management(International)PtyLimited	(ACN 081 047 118)
MAM PtyLimited	(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 PtyLimited ATF Wilson Asset Management EquityFund	(ACN 081 032 000)
WAM Leaders Limited	(ACN 611 053 751)
WAM MicrocapLimited	(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)
Wilson Asset Management Leaders Fund	(ARSN 663 806 228)

4. Addresses

Name	Address
Wilson Asset Management(International)PtyLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
MAM PtyLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Capital Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Research Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Active Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
Botanical Nominees PtyLimited ATF Wilson Asset Management EquityFund	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Leaders Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM MicrocapLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Alternative Assets Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Strategic Value Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Global Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
Wilson Asset Management Leaders Fund	Level 26,1 Farrer Place,Sydney,NSW 2000
Citigroup Pty Limited	Level 21, 2 Park Street, Sydney NSW 2000

This is Annexure A of 1 pages referred to in Form 605 - Notice of ceasing to be a substantial holder

Signed: _____

Date: 02/11/2023

Page 1

ANNEXURE B

2. Changes in relevant interests

Refer to Annexure A for the name and ACN's of the Wilson Asset Management Group members.

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class of securities (6)	Number of securities	Person's votes affected
8/08/2023	WAM Microcap Limited	On market purchase	- 202,064.97	Ordinary shares	156,079	156,079
9/08/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market sell	74,183.82	Ordinary shares	- 56,196	56,196
9/08/2023	WAM Active Limited	On market sell	141,001.05	Ordinary shares	- 106,814	106,814
9/08/2023	WAM Capital Limited	On market sell	2,083,151.99	Ordinary shares	- 1,578,623	1,578,623
9/08/2023	WAM Microcap Limited	On market sell	1,246,484.34	Ordinary shares	- 945,867	945,867
10/08/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market sell	3,539.61	Ordinary shares	- 2,616	2,616
10/08/2023	WAM Active Limited	On market sell	6,926.33	Ordinary shares	- 5,119	5,119
10/08/2023	WAM Capital Limited	On market sell	96,815.77	Ordinary shares	- 71,553	71,553
10/08/2023	WAM Microcap Limited	On market sell	26,267.02	Ordinary shares	- 19,413	19,413
15/08/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market sell	36,245.09	Ordinary shares	- 26,500	26,500
15/08/2023	WAM Active Limited	On market sell	70,943.28	Ordinary shares	- 51,869	51,869
15/08/2023	WAM Capital Limited	On market sell	991,534.54	Ordinary shares	- 724,944	724,944
15/08/2023	WAM Microcap Limited	On market sell	269,016.58	Ordinary shares	- 196,687	196,687
25/08/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 12,671.72	Ordinary shares	9,212	9,212
25/08/2023	WAM Active Limited	On market purchase	- 25,536.01	Ordinary shares	18,564	18,564
25/08/2023	WAM Capital Limited	On market purchase	- 341,833.64	Ordinary shares	248,504	248,504
25/08/2023	WAM Microcap Limited	On market purchase	- 32,628.42	Ordinary shares	23,720	23,720
28/08/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 3,179.29	Ordinary shares	2,333	2,333
28/08/2023	WAM Active Limited	On market purchase	- 5,974.30	Ordinary shares	4,384	4,384
28/08/2023	WAM Capital Limited	On market purchase	- 98,728.45	Ordinary shares	72,448	72,448
28/08/2023	WAM Microcap Limited	On market purchase	- 10,974.21	Ordinary shares	8,053	8,053
29/08/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market sell	11,089.48	Ordinary shares	- 7,695	7,695
29/08/2023	WAM Active Limited	On market sell	21,193.49	Ordinary shares	- 14,691	14,691
29/08/2023	WAM Capital Limited	On market sell	310,493.34	Ordinary shares	- 215,658	215,658
29/08/2023	WAM Microcap Limited	On market purchase	1,984.35	Ordinary shares	947	947
30/08/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 19,036.37	Ordinary shares	14,364	14,364
30/08/2023	WAM Active Limited	On market purchase	- 37,359.73	Ordinary shares	28,190	28,190
30/08/2023	WAM Capital Limited	On market purchase	- 519,756.16	Ordinary shares	392,185	392,185
30/08/2023	WAM Microcap Limited	On market purchase	- 152,753.45	Ordinary shares	115,261	115,261
5/09/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 3,655.49	Ordinary shares	2,648	2,648
5/09/2023	WAM Active Limited	On market purchase	- 7,161.90	Ordinary shares	5,188	5,188
5/09/2023	WAM Capital Limited	On market purchase	- 100,009.82	Ordinary shares	72,446	72,446
5/09/2023	WAM Microcap Limited	On market purchase	- 27,220.18	Ordinary shares	19,718	19,718
6/09/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 3,700.92	Ordinary shares	2,649	2,649
6/09/2023	WAM Active Limited	On market purchase	- 7,246.76	Ordinary shares	5,187	5,187
6/09/2023	WAM Capital Limited	On market purchase	- 101,214.41	Ordinary shares	72,446	72,446
6/09/2023	WAM Microcap Limited	On market purchase	- 27,548.04	Ordinary shares	19,718	19,718
7/09/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 2,129.40	Ordinary shares	1,527	1,527
7/09/2023	WAM Active Limited	On market purchase	- 4,172.34	Ordinary shares	2,992	2,992
7/09/2023	WAM Capital Limited	On market purchase	- 58,263.48	Ordinary shares	41,781	41,781
7/09/2023	WAM Microcap Limited	On market purchase	- 15,858.22	Ordinary shares	11,372	11,372
12/09/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market sell	19,810.25	Ordinary shares	- 13,852	13,852
12/09/2023	WAM Active Limited	On market sell	332,277.89	Ordinary shares	- 232,340	232,340
12/09/2023	WAM Capital Limited	On market sell	534,370.46	Ordinary shares	- 373,650	373,650
12/09/2023	WAM Microcap Limited	On market sell	243,176.10	Ordinary shares	- 170,037	170,037

Page 2

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class of securities (6)	Number of securities	Person's votes affected
13/09/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market sell	12,816.32	Ordinary shares	- 8,946	8,946
13/09/2023	WAM Capital Limited	On market sell	345,341.73	Ordinary shares	- 241,054	241,054
15/09/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 3,666.68	Ordinary shares	2,672	2,672
15/09/2023	WAM Active Limited	On market purchase	- 5,896.60	Ordinary shares	4,297	4,297
15/09/2023	WAM Capital Limited	On market purchase	- 100,364.39	Ordinary shares	73,138	73,138
15/09/2023	WAM Microcap Limited	On market purchase	- 27,298.38	Ordinary shares	19,893	19,893
18/09/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 4,296.58	Ordinary shares	3,176	3,176
18/09/2023	WAM Active Limited	On market purchase	- 56,893.20	Ordinary shares	42,055	42,055
18/09/2023	WAM Capital Limited	On market purchase	- 116,996.67	Ordinary shares	86,483	86,483
18/09/2023	WAM Microcap Limited	On market purchase	- 37,814.26	Ordinary shares	27,952	27,952
22/09/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 2,869.16	Ordinary shares	2,189	2,189
22/09/2023	WAM Active Limited	On market purchase	- 26,890.74	Ordinary shares	20,516	20,516
22/09/2023	WAM Capital Limited	On market purchase	- 66,537.41	Ordinary shares	50,764	50,764
2/10/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 19,069.56	Ordinary shares	14,671	14,671
2/10/2023	WAM Active Limited	On market purchase	- 149,057.39	Ordinary shares	114,676	114,676
2/10/2023	WAM Capital Limited	On market purchase	- 448,650.08	Ordinary shares	345,165	345,165
2/10/2023	WAM Microcap Limited	On market purchase	- 33,129.64	Ordinary shares	25,488	25,488
3/10/2023	WAM Microcap Limited	On market purchase	- 214,350.69	Ordinary shares	164,096	164,096
5/10/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 9,662.00	Ordinary shares	7,394	7,394
5/10/2023	WAM Active Limited	On market purchase	- 86,613.07	Ordinary shares	66,282	66,282
5/10/2023	WAM Capital Limited	On market purchase	- 228,596.50	Ordinary shares	174,937	174,937
5/10/2023	WAM Microcap Limited	On market purchase	- 26,237.96	Ordinary shares	20,079	20,079
6/10/2023	WAM Microcap Limited	On market purchase	- 128,141.09	Ordinary shares	100,000	100,000
10/10/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 4,640.88	Ordinary shares	3,557	3,557
10/10/2023	WAM Active Limited	On market purchase	- 9,853.22	Ordinary shares	7,552	7,552
10/10/2023	WAM Capital Limited	On market purchase	- 136,491.69	Ordinary shares	104,614	104,614
11/10/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 14,210.95	Ordinary shares	11,043	11,043
11/10/2023	WAM Active Limited	On market purchase	- 31,796.10	Ordinary shares	24,708	24,708
11/10/2023	WAM Capital Limited	On market purchase	- 378,661.51	Ordinary shares	294,249	294,249
12/10/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 10,600.69	Ordinary shares	8,285	8,285
12/10/2023	WAM Active Limited	On market purchase	- 20,852.07	Ordinary shares	16,297	16,297
12/10/2023	WAM Capital Limited	On market purchase	- 288,423.08	Ordinary shares	225,418	225,418
13/10/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 9,255.47	Ordinary shares	7,334	7,334
13/10/2023	WAM Active Limited	On market purchase	- 17,896.33	Ordinary shares	14,181	14,181
13/10/2023	WAM Capital Limited	On market purchase	- 265,817.53	Ordinary shares	210,633	210,633
17/10/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 28,528.52	Ordinary shares	22,497	22,497
17/10/2023	WAM Active Limited	On market purchase	- 51,441.87	Ordinary shares	40,566	40,566
17/10/2023	WAM Capital Limited	On market purchase	- 807,701.85	Ordinary shares	636,937	636,937
19/10/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market sell	96,912.33	Ordinary shares	- 75,250	75,250
19/10/2023	WAM Active Limited	On market sell	188,978.40	Ordinary shares	- 146,737	146,737
19/10/2023	WAM Capital Limited	On market sell	2,639,045.75	Ordinary shares	- 2,049,153	2,049,153
19/10/2023	WAM Microcap Limited	On market sell	423,775.41	Ordinary shares	- 329,051	329,051
20/10/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	- 1,055.84	Ordinary shares	830	830
20/10/2023	WAM Active Limited	On market purchase	- 2,070.97	Ordinary shares	1,628	1,628
20/10/2023	WAM Capital Limited	On market purchase	- 28,783.70	Ordinary shares	22,627	22,627
20/10/2023	WAM Microcap Limited	On market purchase	- 7,803.04	Ordinary shares	6,134	6,134
25/10/2023	WAM Capital Limited	On market purchase	- 247,056.45	Ordinary shares	191,975	191,975
30/10/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market sell	16,953.54	Ordinary shares	- 13,164	13,164
30/10/2023	WAM Active Limited	On market sell	33,268.30	Ordinary shares	- 25,832	25,832

Page 3

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class of securities (6)	Number of securities	Person's votes affected
30/10/2023	WAM Capital Limited	On market sell	468,364.09	Ordinary shares	- 363,673	363,673
30/10/2023	WAM Microcap Limited	On market sell	125,349.82	Ordinary shares	- 97,331	97,331
31/10/2023	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market sell	105,186.91	Ordinary shares	- 81,675	81,675
31/10/2023	WAM Active Limited	On market sell	191,539.98	Ordinary shares	- 148,726	148,726
31/10/2023	WAM Capital Limited	On market sell	3,040,148.17	Ordinary shares	- 2,360,599	2,360,599

This is Annexure B of 3 pages referred to in Form 605 - Notice of ceasing to be a substantial holder

Signed: _____

Date: 02/11/2023