XREF LIMITED — Major Shareholding Notification 2018

Dec 6, 2018

Form 604 Corporations Act 2001 Section 671B

Notice of Change of Interests of Substantial Holder

To: XREF LTD

ACN/ARSN:

1. Details of substantial holder (1)

Name: FIL Limited and the entities listed in Annexure A ("FIL") ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on The previous notice was given to the company on The previous notice was dated

05 December 2018 16 March 2018 16 March 2018

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	Previous Notice	Previous Notice	Present Notice	Present Notice
Securities (4)	Person’s votes	Voting Power (5)	Person’s votes	Voting Power (5)
COMMON	8,435,033	5.71%	10,997,078	6.72%
STOCK

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	Person	Nature of	Consideratio	Class and	Person’s votes
Change	whose	change (6)	n given in	number of	affected
	relevant		relation to	securities
	interest		change (7)	affected
	changed
				COMMON	COMMON
				STOCK	STOCK
04/06/2018	FIL	BUY	0.505 AUD	4,082	4,082
04/09/2018	FIL	BUY	0.496 AUD	30,117	30,117
04/10/2018	FIL	BUY	0.525 AUD	17,459	17,459
04/12/2018	FIL	BUY	0.5393 AUD	25,525	25,525
05/02/2018	FIL	BUY	0.55 AUD	35,207	35,207
05/03/2018	FIL	BUY	0.54 AUD	41,714	41,714
05/08/2018	FIL	BUY	0.52 AUD	39,109	39,109
05/11/2018	FIL	BUY	0.54 AUD	56,373	56,373
05/14/2018	FIL	BUY	0.53 AUD	14,276	14,276
05/15/2018	FIL	BUY	0.5289 AUD	5,115	5,115
05/16/2018	FIL	BUY	0.53 AUD	8,000	8,000

05/17/2018	FIL	BUY	0.5041 AUD	17,659	17,659
05/23/2018	FIL	BUY	0.5273 AUD	37,108	37,108
05/29/2018	FIL	BUY	0.525 AUD	42,361	42,361
05/31/2018	FIL	BUY	0.52 AUD	55,753	55,753
07/05/2018	FIL	SELL	0.465 AUD	1,078	1,078
07/06/2018	FIL	SELL	0.475 AUD	25,000	25,000
07/11/2018	FIL	SELL	0.47 AUD	51,174	51,174
07/12/2018	FIL	SELL	0.47 AUD	5,000	5,000
07/13/2018	FIL	SELL	0.45 AUD	705,454	705,454
09/11/2018	FIL	BUY	0.585 AUD	9,296	9,296
09/11/2018	FIL	BUY	0.585 AUD	28,466	28,466
09/11/2018	FIL	BUY	0.585 AUD	110,726	110,726
09/11/2018	FIL	BUY	0.585 AUD	244,767	244,767
09/11/2018	FIL	BUY	0.585 AUD	524,304	524,304
09/26/2018	FIL	PLACEMENT	0.60 AUD	10,742	10,742
09/26/2018	FIL	PLACEMENT	0.60 AUD	11,475	11,475
09/26/2018	FIL	PLACEMENT	0.60 AUD	23,302	23,302
09/26/2018	FIL	PLACEMENT	0.60 AUD	49,751	49,751
09/26/2018	FIL	PLACEMENT	0.60 AUD	103,430	103,430
09/26/2018	FIL	PLACEMENT	0.60 AUD	104,312	104,312
09/26/2018	FIL	PLACEMENT	0.60 AUD	155,322	155,322
10/09/2018	FIL	BUY	0.6049 AUD	17,017	17,017
10/09/2018	FIL	BUY	0.6049 AUD	37,255	37,255
10/09/2018	FIL	BUY	0.6049 AUD	79,540	79,540
10/09/2018	FIL	BUY	0.6049 AUD	165,365	165,365
10/09/2018	FIL	BUY	0.6049 AUD	166,775	166,775
10/10/2018	FIL	BUY	0.6075 AUD	282,157	282,157
10/10/2018	FIL	SELL	0.6075 AUD	282,157	282,157
12/03/2018	FIL	BUY	0.49 AUD	220,837	220,837
12/03/2018	FIL	BUY	0.49 AUD	821,303	821,303
12/05/2018	FIL	BUY	0.4878 AUD	13,941	13,941
12/05/2018	FIL	BUY	0.4878 AUD	21,967	21,967
			**Total Buys **	3,173,574	3,173,574
			Total Sells	(1,069,863)	(1,069,863)
			Total	458,334	458,334
			Placement
			Total Net	2,562,045	2,562,045
			Buys

4. Present Relevant Interest

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Refer to Annexure A

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:

Refer to Annexure A

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Sign Here ______

Dated: 07 December 2018

Jen Li

Head of Regulatory Reporting, Asia Pacific Duly authorized under Powers of Attorney by and on behalf of FIL Limited

Annexure A

	Investment Manager	Address	Custodian	Nature of Relevant Interest	Sum of Numerator Shares
	FIL INVESTMENT	Level 11, 167	BROWN BROS HARRIMN
					2,732,507
	MANAGEMENT	Macquarie Street,	LTD LUX(C)
	(AUSTRALIA) LIMITED	Sydney, NSW 2000,	JP MORGAN,
					1,386,306
		Australia	BOURNEMOUTH(C)
			JPMORGAN CHASE BANK
					843,270
			NA LDN
			NATIONAL ASTL BK
					345,366
			MELBOURNE(S)
			NORTHERN TRUST
				Investment Discretion /	130,206
			LONDON(C)
				Voting Power
			STATE STREET BANK
					734,036
			AND TR CO
	FIL LIMITED	Pembroke Hall, 42
		Crow Lane, Pembroke,	HSBC BANK PLC (C)		3,258,192
		Bermuda
	FIL PENSION	Oakhill House, 130
	MANAGEMENT	Tonbridge Road,
			HSBC BANK PLC (C)		1,567,195
		Hildenborough, Kent,
		England TN119DZ
	Grand Total				10,997,078