WAM CAPITAL LIMITED — Major Shareholding Notification 2017

Dec 17, 2017

604 Page 1 of 3 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

HHY Fund (ASX: HHY)

ACN/ARSN ACN 112 579 129

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

substantial holder on 14 / 12 / 2017 The previous notice was given to the company on 28 / 08 / 2017 The previous notice was dated 29 / 08 / 2017

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:

ompany or scheme, are as follows:
Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Ordinary Shares	22,778,404	26.62%	23,981,313	28.02%

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
See 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	Person's votes
WAM Capital Limited	RBC Investor Services	WAM Capital Limited	Management of portfolio of investments of WAM Capital Limited	21,509,647 ordinary shares	21,509,647 ordinary shares
WAM Active Limited	RBC Investor Services	WAM Active Limited	Management of portfolio of	1,495,223 ordinary	1,495,223 ordinary

604 Page 2 of 3 15 July 2001

			investments of	shares	shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	RBC Investor Services	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	Management of portfolio of investments of Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	976,443 ordinary shares	976,443 ordinary shares

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 addresses of persons named in this form are as follows:

Name	Address
Refer to Annexure A

Signature

print name Chris Stott capacity CIO sign here date 18 / 12 / 2017

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.

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

• (6) 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.

604 Page 3 of 3 15 July 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) 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) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure A

Wilson Asset Management Group

1. Details of Wilson Asset Management Group

Annexure A Wilson Asset Management Group 1. Details of 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)
WAM Leaders Limited	(ACN 611 053 751)
WAM MicrocapLimited	(ACN 617 838 418)
Botanical Nominees PtyLimited as trustee of the Wilson Asset Management EquityFund	(ACN 081 032 000)
CenturyAustralia Investments Limited	(ACN 107 772 761)

6. Addresses

6. Addresses
Name	Address
Wilson Asset Management(International)PtyLimited	Level 11,139 Macquarie Street,SydneyNSW 2000
MAM PtyLimited	Level 11,139 Macquarie Street,SydneyNSW 2000
WAM Capital Limited	Level 11,139 Macquarie Street,SydneyNSW 2000
WAM Research Limited	Level 11,139 Macquarie Street,SydneyNSW 2000
WAM Active Limited	Level 11,139 Macquarie Street,SydneyNSW 2000
WAM Leaders Limited	Level 11,139 Macquarie Street,SydneyNSW 2000
WAM MicrocapLimited	Level 11,139 Macquarie Street,SydneyNSW 2000
Botanical Nominees PtyLimited	Level 11,139 Macquarie Street,SydneyNSW 2000
CenturyAustralia Investments Limited	Level 12,680 George Street,SydneyNSW 2000
RBC Investor Services	Level 47,2 Park Street,SydneyNSW 2000
BNP Paribas Securities Services	Level 4,60 Castlereagh Street,SydneyNSW 2000

Signed: _____ Date: 18/12/2017

ANNEUXURE B	ANNEUXURE B	ANNEUXURE B	ANNEUXURE B	ANNEUXURE B	ANNEUXURE B	ANNEUXURE B
Date of Change	Persons whose relevant interest changed	Nature of Change (6)	Consideration given in relation to change (7)	Number of Securities affected	Class of Securities affected	Persons votes affected
08-Dec-17	WAM Active Limited	On-market BUY	562.43 -	4,880	OrdinaryShares	4,880
08-Dec-17	WAM Capital Limited	On-market BUY	8,282.55 -	71,864	OrdinaryShares	71,864
08-Dec-17	Botanical Nominees PtyLimited ATF Wilson Ass	On-market BUY	375.26 -	3,256	OrdinaryShares	3,256
11-Dec-17	WAM Active Limited	On-market BUY	858.79 -	7,497	OrdinaryShares	7,497
11-Dec-17	WAM Capital Limited	On-market BUY	12,647.63 -	110,410	OrdinaryShares	110,410
11-Dec-17	Botanical Nominees PtyLimited ATF Wilson Ass	On-market BUY	572.99 -	5,002	OrdinaryShares	5,002
14-Dec-17	WAM Active Limited	On-market BUY	7,183.98 -	61,006	OrdinaryShares	61,006
14-Dec-17	WAM Capital Limited	On-market BUY	105,734.17 -	897,890	OrdinaryShares	897,890
14-Dec-17	Botanical Nominees PtyLimited ATF Wilson Ass	On-market BUY	4,840.35 -	41,104	OrdinaryShares	41,104

Signed: _____

Date: 18/12/2017