WAM ACTIVE LIMITED — Major Shareholding Notification 2023

Apr 17, 2023

604 Page 1 of 2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of 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)

There was a change in the interests of the substantial holder on 14/04/2023 The previous notice was given to the company on 28/02/2023 The previous notice was dated 28/02/2023

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 relevant 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)
OrdinaryShares	23,922,367	6.50%	28,702,724	7.80%

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 and number of securities affected	Person's votes affected
Refer to Annexure B

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 and number of securities affected	Person's votes
Refer to Annexure C

604 Page 2 of 2 15 July 2001

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

6. Addresses

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

Name	Address
Refer to Annexure A

Signature

print name sign here	Kim Heng capacity Chief Operations Officer
	date 18/04/2023

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 6 of the form.

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

• (2)

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

(3)

• (4) The voting shares of a company constitute one class unless divided into separate classes. (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100 (6) Include details of:

(6)

• (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.

(7)

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.

(8)

==> picture [10 x 8] intentionally omitted <==

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".

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)

6. 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
Citigroup Pty Limited	Level 21, 2 Park Street, Sydney, NSW 2000

This is Annexure A of 1 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Signed: _____

Date: 18/04/2023

Page 1

ANNEXURE B

3. 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 (6)	Consideration given in relation to change (7)	Class of securities	Number of securities	Person's votes affected
13/03/23	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-6,652.60	Ordinary shares	5,826	5,826
13/03/23	WAM Active Limited	On market purchase	-13,451.35	Ordinary shares	11,780	11,780
13/03/23	WAM Capital Limited	On market purchase	-193,930.22	Ordinary shares	169,834	169,834
13/03/23	WAM Microcap Limited	On market purchase	-71,436.08	Ordinary shares	62,560	62,560
14/03/23	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-13,723.28	Ordinary shares	12,462	12,462
14/03/23	WAM Active Limited	On market purchase	-28,748.19	Ordinary shares	26,106	26,106
14/03/23	WAM Capital Limited	On market purchase	-398,012.53	Ordinary shares	361,432	361,432
16/03/23	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-31,031.02	Ordinary shares	28,883	28,883
16/03/23	WAM Active Limited	On market purchase	-71,822.70	Ordinary shares	66,851	66,851
16/03/23	WAM Capital Limited	On market purchase	-817,513.76	Ordinary shares	760,924	760,924
20/03/23	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-18,192.30	Ordinary shares	16,933	16,933
20/03/23	WAM Capital Limited	On market purchase	-518,992.59	Ordinary shares	483,067	483,067
21/03/23	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-22,084.72	Ordinary shares	20,579	20,579
21/03/23	WAM Active Limited	On market purchase	-64,412.61	Ordinary shares	60,021	60,021
21/03/23	WAM Capital Limited	On market purchase	-605,886.93	Ordinary shares	564,578	564,578
22/03/23	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-8,002.12	Ordinary shares	7,194	7,194
22/03/23	WAM Active Limited	On market purchase	-22,731.62	Ordinary shares	20,436	20,436
22/03/23	WAM Capital Limited	On market purchase	-364,886.16	Ordinary shares	328,037	328,037
22/03/23	WAM Microcap Limited	On market purchase	-233,663.20	Ordinary shares	210,066	210,066
24/03/23	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-6,417.94	Ordinary shares	5,894	5,894
24/03/23	WAM Active Limited	On market purchase	-12,968.72	Ordinary shares	11,910	11,910
24/03/23	WAM Capital Limited	On market purchase	-186,955.43	Ordinary shares	171,693	171,693
24/03/23	WAM Microcap Limited	On market purchase	-65,881.34	Ordinary shares	60,503	60,503
31/03/23	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-7,523.93	Ordinary shares	6,471	6,471
31/03/23	WAM Capital Limited	On market purchase	-221,760.04	Ordinary shares	190,726	190,726
03/04/23	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-426.75	Ordinary shares	371	371
03/04/23	WAM Active Limited	On market purchase	-853.49	Ordinary shares	742	742
03/04/23	WAM Capital Limited	On market purchase	-12,422.73	Ordinary shares	10,800	10,800
03/04/23	WAM Microcap Limited	On market purchase	-4,333.01	Ordinary shares	3,767	3,767
14/04/23	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-34,638.00	Ordinary shares	30,073	30,073
14/04/23	WAM Active Limited	On market purchase	-74,983.16	Ordinary shares	65,101	65,101
14/04/23	WAM Capital Limited	On market purchase	-860,414.50	Ordinary shares	747,019	747,019
14/04/23	WAM Microcap Limited	On market purchase	-239,249.04	Ordinary shares	207,718	207,718
17/04/23	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-1,808.36	Ordinary shares	1,565	1,565
17/04/23	WAM Active Limited	On market purchase	-3,630.59	Ordinary shares	3,142	3,142
17/04/23	WAM Capital Limited	On market purchase	-52,336.22	Ordinary shares	45,293	45,293

This is Annexure B of 1 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Signed: _____

Date: 18/04/2023

Page 1

ANNEXURE C

4. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as a holder (8)	Nature of relevant interest (6)	Number of securities	Class of securities	Person's votes
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	Citigroup Pty Limited	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	Management of the portfolio of Botanical Nominees Pty Limited ATF Wilson Asset Management EquityFund	684,146	Ordinary shares	684,146
WAM Active Limited	Citigroup Pty Limited	WAM Active Limited	Management of the portfolio of WAM Active Limited	1,373,826	Ordinary shares	1,373,826
WAM Capital Limited	Citigroup Pty Limited	WAM Capital Limited	Management of the portfolio of WAM Capital Limited	19,804,552	Ordinary shares	19,804,552
WAM Microcap Limited	Citigroup Pty Limited	WAM Microcap Limited	Management of the portfolio of WAM Microcap Limited	6,840,200	Ordinary shares	6,840,200

This is Annexure C of 1 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Signed: _____ Date: 18/04/2023