WAM RESEARCH LIMITED — Major Shareholding Notification 2021

Jun 21, 2021

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 The Reject Shop Limited (ASX:TRS)

ACN/ARSN ACN 006 122 676

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 18 / 06 / 2021 The previous notice was given to the company on 18 / 02 / 2021 The previous notice was dated 18 / 02 / 2021

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	3,012,882	7.87%	3,456,359	9.03%

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

Name	Address
See Annexure A

Signature

print name Martyn McCathie capacity Head of Operations sign here date 22 / 06 / 2021

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.

• (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

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)
Botanical Nominees PtyLimited as trustee of the 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	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 Global Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Strategic Value Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
CitigroupPtyLimited	Level 21, 2 Park Street, Sydney NSW 2000

Signed: _____

Date: 22/06/2021

ANNEXURE B	ANNEXURE B	ANNEXURE B	ANNEXURE B	ANNEXURE B	ANNEXURE B	ANNEXURE B
Date of Change	Persons whose relevant interest changed	Nature of Change	Consideration given in relation to change (9)	Number of Securities affected	Class of Securities affected	Persons votes affected
30-Apr-21	WAM Research Limited	On Market Purchase	(26,926.45)	4,518	OrdinaryShares	4,518
30-Apr-21	WAM Capital Limited	On Market Purchase	(371,898.57)	62,401	OrdinaryShares	62,401
30-Apr-21	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(4,970.48)	834	OrdinaryShares	834
04-May-21	WAM Research Limited	On Market Purchase	(90,780.94)	15,328	OrdinaryShares	15,328
04-May-21	WAM Capital Limited	On Market Purchase	(457,629.98)	77,269	OrdinaryShares	77,269
04-May-21	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(12,336.68)	2,083	OrdinaryShares	2,083
10-May-21	WAM Research Limited	On Market Purchase	(3,447.58)	585	OrdinaryShares	585
10-May-21	WAM Capital Limited	On Market Purchase	(21,351.40)	3,623	OrdinaryShares	3,623
10-May-21	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(548.08)	93	OrdinaryShares	93
12-May-21	WAM Research Limited	On Market Purchase	(2,054.10)	348	OrdinaryShares	348
12-May-21	WAM Capital Limited	On Market Purchase	(10,854.87)	1,839	OrdinaryShares	1,839
12-May-21	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(283.32)	48	OrdinaryShares	48
13-May-21	WAM Research Limited	On Market Purchase	(8,509.79)	1,443	OrdinaryShares	1,443
13-May-21	WAM Capital Limited	On Market Purchase	(44,990.45)	7,629	OrdinaryShares	7,629
13-May-21	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(1,185.35)	201	OrdinaryShares	201
14-May-21	WAM Research Limited	On Market Purchase	(9,013.17)	1,529	OrdinaryShares	1,529
14-May-21	WAM Capital Limited	On Market Purchase	(47,647.75)	8,083	OrdinaryShares	8,083
14-May-21	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(1,255.59)	213	OrdinaryShares	213
04-Jun-21	WAM MicrocapLimited	On Market Purchase	(581,387.71)	100,000	OrdinaryShares	100,000
07-Jun-21	WAM Research Limited	On Market Purchase	(6,569.36)	1,171	OrdinaryShares	1,171
07-Jun-21	WAM Capital Limited	On Market Purchase	(335,469.25)	59,798	OrdinaryShares	59,798
07-Jun-21	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(7,337.94)	1,308	OrdinaryShares	1,308
08-Jun-21	WAM MicrocapLimited	On Market Purchase	(166,110.64)	30,000	OrdinaryShares	30,000
18-Jun-21	WAM Research Limited	On Market Purchase	(10,203.80)	1,928	OrdinaryShares	1,928
18-Jun-21	WAM Capital Limited	On Market Purchase	(42,424.10)	8,016	OrdinaryShares	8,016
18-Jun-21	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(444.57)	84	OrdinaryShares	84
21-Jun-21	WAM Research Limited	On Market Purchase	(59,470.70)	11,644	OrdinaryShares	11,644
21-Jun-21	WAM Capital Limited	On Market Purchase	(203,320.95)	39,809	OrdinaryShares	39,809
21-Jun-21	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(8,437.45)	1,652	OrdinaryShares	1,652

Signed: _____ Date: 22/06/2021

ANNEXURE C

Holder of Relevant Interest	Registered Holder of Securities	Nature of relevent interest(7)	Person entitled to be registered as holder(8)	Class and Number of Securities
Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	Citigroup Pty Limited	Management of portfolio of Botanical Nominees Pty Limited as trustee of the Wilson Asset Management Equity Fund	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	76,830 ordinary shares
WAM Capital Limited	Citigroup Pty Limited	Management of portfolio of WAM Capital Limited	WAM Capital Limited	1,851,020 ordinary shares
WAM Research Limited	Citigroup Pty Limited	Management of portfolio of WAM Research Limited	WAM Research Limited	541,411 ordinary shares
WAM Microcap Limited	Citigroup Pty Limited	Management of portfolio of WAM Microcap Limited	WAM Microcap Limited	987,098 ordinary shares

Signed: _____

Date: 22/06/2021