Announcement PDF Form 604 Corporations Act 2001 Section 671B Notice of Change of Interests of Substantial Holder To: XREF LIMITED 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 20 January 2020 24 May 2019 24 May 2019 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) COMMON STOCK Previous Notice Person’s votes 13,475,065 Previous Notice Voting Power (5) 8.14% Present Notice Person’s votes 12,705,522 Present Notice Voting Power (5) 7.14% 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 05/23/2019 05/23/2019 05/23/2019 05/23/2019 05/23/2019 09/30/2019 09/30/2019 09/30/2019 09/30/2019 09/30/2019 09/30/2019 Person whose relevant interest changed FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL Nature of change (6) BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY Consideration given in relation to change (7) 0.6300 AUD 0.6300 AUD 0.6300 AUD 0.6300 AUD 0.6300 AUD 0.4100 AUD 0.4100 AUD 0.4100 AUD 0.4100 AUD 0.4100 AUD 0.4100 AUD Class and number of securities affected COMMON STOCK 17,940 29,002 132,691 158,653 355,947 5,518 41,993 99,494 129,683 248,656 359,599 Person’s votes affected COMMON STOCK 17,940 29,002 132,691 158,653 355,947 5,518 41,993 99,494 129,683 248,656 359,599 09/30/2019 09/30/2019 09/30/2019 09/30/2019 09/30/2019 09/30/2019 10/11/2019 10/14/2019 10/15/2019 10/16/2019 10/17/2019 10/21/2019 10/22/2019 10/23/2019 10/25/2019 11/19/2019 11/21/2019 11/22/2019 11/25/2019 12/05/2019 12/10/2019 12/11/2019 12/16/2019 12/18/2019 12/19/2019 12/27/2019 01/02/2020 01/02/2020 01/03/2020 01/07/2020 01/08/2020 01/09/2020 01/10/2020 01/20/2020 FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL FIL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY BUY SELL BUY SELL SELL SELL SELL SELL 0.4100 AUD 0.4100 AUD 0.4100 AUD 0.4100 AUD 0.4100 AUD 0.4100 AUD 0.4300 AUD 0.4197 AUD 0.4100 AUD 0.4150 AUD 0.4154 AUD 0.4300 AUD 0.4176 AUD 0.4100 AUD 0.4100 AUD 0.3805 AUD 0.4100 AUD 0.3905 AUD 0.3738 AUD 0.3669 AUD 0.3800 AUD 0.3650 AUD 0.3354 AUD 0.3645 AUD 0.3956 AUD 0.3800 AUD 0.3579 AUD 0.3600 AUD 0.3664 AUD 0.3800 AUD 0.3750 AUD 0.3513 AUD 0.3500 AUD 0.3500 AUD Total Buys Total Sells Total Net Sells 5,518 41,993 99,494 129,683 248,656 359,599 5,995 33,000 428,095 116,389 59,761 4,651 50,000 47,843 121,871 4,200 1,000 15,400 9,429 100,000 48,334 11,298 74,088 97,891 4,033 30,759 3,511 150 4,124 291 2,732 164,268 1 101,450 1,617,570 (2,387,113) (769,543) 5,518 41,993 99,494 129,683 248,656 359,599 5,995 33,000 428,095 116,389 59,761 4,651 50,000 47,843 121,871 4,200 1,000 15,400 9,429 100,000 48,334 11,298 74,088 97,891 4,033 30,759 3,511 150 4,124 291 2,732 164,268 1 101,450 1,617,570 (2,387,113) (769,543) 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) N/A Nature of association 6. Addresses The addresses of persons named in this form are as follows: Refer to Annexure A Sign Here ____________________________________ Dated: 22 January 2020 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 FIL INVESTMENT MANAGEMENT (AUSTRALIA) LIMITED Level 11, 167 Macquarie Street, Sydney, NSW 2000, Australia BROWN BROS HARRIMN LTD LUX (C) HSBC BANK PLC (C) JPMORGAN CHASE BANK NA LDN NATIONAL ASTL BK MELBOURNE (S) NORTHERN TRUST LONDON (C) FIL LIMITED FIL RESPONSIBLE ENTITY (AUSTRALIA) LIMITED Grand Total Pembroke Hall, 42 Crow Lane, Pembroke, Bermuda Level 11, 167 Macquarie Street, Sydney, NSW 2000, Australia Nature of Relevant Interest Sum of Numerator Shares 1,230,337 7,135,785 1,820,459 485,405 Investment Discretion / Voting Power 135,724 STATE STREET BANK AND TR CO 38,394 JP MORGAN, BOURNEMOUTH (C) 1,859,418 12,705,522