ZEOTECH LIMITED — Major Shareholding Notification 2020

Apr 8, 2020

FORM 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To: Metalsearch Limited ACN: 137 984 297

1. Details of substantial holder

Name: UniQuest Pty Limited ACN: 010 529 898

The holder became a substantial holder on: 6 April 2020

2. Details of 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 had a relevant interest in on the date the substantial holder became a substantial holder are as follows:

Class of securities	Number of securities	Person’s votes	Voting power
Fully paid ordinary shares	92,307,692	92,307,692	7.85%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest	Class and number of securities
UniQuest Pty Limited	Relevant interest pursuant to section 608(1) of Corporations Act	92,307,692 fully paid ordinary shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Class and number of securities
UniQuest Pty Limited	UniQuest Pty Limited	UniQuest Pty Limited	92,307,692 fully paid ordinary shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial shareholder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition		Consideration	Class and number of securities
		Cash	Non-cash
UniQuest Pty Limited	6 April 2020		Issued as consideration for acquisition of exclusive licence pursuant to agreement dated 6 April 2020	92,307,692 fully paid ordinary shares

6. Associates

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

Name and ACN (if applicable) Nature of association

7. Addresses

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

Name	Address
UniQuest Pty Limited	Level 7, General Purpose South Building, Staff House Road, University of Queensland, St Lucia QLD 4072

Signature

Executed by Dean Moss as attorney for UniQuest Pty Ltd ACN. 010 529 898 under the power of attorney dated 18 March 2014, who states that no notice of revocation of the power of attorney has been received in the presence of: Witness Attorney Clare Bouché Dr Dean Moss Name of Witness (print) Dr Dean Moss (Attorney) CEO, UniQuest Pty Limited Date: 09 April 2020