Angel Seafood : Change in substantial holding - Valley Vino

604 page 1/2 15 July 2001

							Form 604
						Corporations Act 2001
							Section 671B
only			Notice of change of interests of substantial holder
To: Company Name/Scheme		Angel Seafood Holdings Limited
	ACN/ARSN		615 035 366
	1. Details of substantial holder (1)
	Name		Valley Vino Pty Ltd ABN 30 629 975 462 (Valley Vino) and other persons who have related relevant interests set out
				in Annexure 'A'
	ACNARSN (if applicable)		See above
	There was a change in the interests of the
	substantial holder on			10/02/22
	The previous notice was given to the company on	13/09/21
	The previous notice was dated			13/09/21
	2. Previous and present voting power
useThe 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)			Previous notice			Present notice
					Person's votes		Voting power (5)	Person's votes	Voting power (5)
		Fully paid ordinary shares		32,227,062		19.946	56,997,272	35.276%

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:

personal	Date of change	Person whose relevant	Nature of change (6)	Consideration given in	Class and	Person's votes affected
		interest changed		relation to change (7)	number of
					securities
					affected
	Not applicable
4. Present relevant interests

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

For	Holder of	Registered holder of	Person entitled to be	Nature of relevant	Class and	Person's votes
	relevant	securities	registered as holder (8)	interest (6)	number of
	interest				securities
	Refer to
	Annexure 'B'

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604

page 2/2

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
Refer to Annexure 'C''

only
	6. Addresses
	The addresses of the persons named in this form are as follows:
			Name			Address
			Refer to Annexure 'D'
	Signature
use		print name Benjamin Trickett	capacity Director
				sign here	date11 / 2 /2022
personal
			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 7 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
For		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.

3461-2772-1496v1

Annexure A

This is annexure A of 1 page (including this page) referred to in Form 604 "Notice of change of interests of substantial holder"

___________________________

Benjamin Trickett Director

Date: 11 February 2022

Valley Vino gives this notice on its own behalf and on behalf of the following entities:

1.	Laguna Bay Agricultural No 1 Pty Ltd ABN 27 608 464 624 (LBAF1);
2.	each entity controlled by LBAF1 (LBAF1 Subsidiaries);
3.	Washington State Investment Board (WSIB);
4.	Laguna Bay Fund 1 Pty Ltd ABN 15 604 926 927 (Manager);
only5.	Laguna Bay Group Pty Ltd ABN 90 629 388 076 (LB Group);
6.	each entity controlled by LB Group (LB Subsidiaries);
7.	McGavin LB Pty Ltd ACN 606 544 236 ATF MLB Trust (MLB Trust); and
8.	McGavin Holdings (Aust) Pty Ltd 107 036 082 ATF T&S McGavin Family Trust (McGavin Family Trust),
who have the following relevant interests:
use		Holder of relevant interest		Nature of relevant interest (7)
	LBAF1		LBAF1 has the same relevant interests as Valley Vino under section 608(3) of the
			Corporations Act by virtue of Valley Vino being controlled by LBAF1
personal
	LBAF1 Subsidiaries		Each LBAF1 Subsidiary has the same relevant interests as Valley Vino under section
			608(3) of the Corporations Act by virtue of each LBAF1 Subsidiary being a controlled
			entity of LBAF1 and therefore holding in excess of 20% voting power in Valley Vino.
	WSIB		WSIB has the same relevant interests as LBAF1 under section 608(3) of the
			Corporations Act by virtue of holding in excess of 20% voting power in LBAF1
	Manager		Relevant interest under section 608(1)(b) and/or 608(1)(c) of the Corporations Act,
			being a relevant interest arising from having the power to control the exercise of the
			right to vote attached to Angel Seafood Shares by virtue of its appointment as
			investment manager of LBAF1
	LB Group		LB Group has the same relevant interests as Manager under section 608(3) of the
			Corporations Act by virtue of Manager being controlled by LB Group
	LB Subsidiaries		Each LB Subsidiary has the same relevant interests as Manager under section 608(3)
			of the Corporations Act by virtue of each LB Subsidiary being a controlled entity of LB
			Group and therefore holding in excess of 20% voting power in Manager
	MLB Trust		MLB Trust has the same relevant interests as LB Group under section 608(3) of the
			Corporations Act by virtue of LB holding in excess of 20% voting power in LB Group
	McGavin Family Trust		McGavin Family Trust has the same relevant interests as LB Group under section
			608(3) of the Corporations Act by virtue of McGavin Family Trust holding in excess of
			20% voting power in LB Group
For

Class and number of securities

32,227,062 fully paid ordinary shares

32,227,062 fully paid ordinary shares

32,227,062 fully paid ordinary shares

32,227,062 fully paid ordinary shares

32,227,062 fully paid ordinary shares

32,227,062 fully paid ordinary shares

32,227,062 fully paid ordinary shares

32,227,062 fully paid ordinary shares

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Annexure B

This is annexure B of 1 page (including this page) referred to in Form 604 "Notice of change of interests of substantial holder"

___________________________
	Benjamin Trickett
	Director
only
	Date: 11 February 2022
	Holder of relevant	Registered holder of	Person entitled to be	Nature of relevant	Class and number of	Person's votes
	interest	securities	registered as holder	interest	securities
	Valley Vino	Valley Vino	Valley Vino	Registered holder	32,227,062 fully paid	32,227,062
					ordinary shares
	LBAF1, LBAF1	As above	As above	Relevant interest	As above	32,227,062
	Subsidiaries, WSIB,			under section
For personal use	Manager, LB Group,			608(1)(b) and/or
LB Subsidiaries, MLB			608(1)(c) and/or
Trust and McGavin			608(3)(a) and/or
Family Trust (refer to			608(3)(b) of the
Annexure A)			Corporations Act
			2001 (Cth) (refer to
			Annexure A)

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Annexure C

This is annexure C of 1 page (including this page) referred to in Form 604 "Notice of change of interests of substantial holder"

___________________________

Benjamin Trickett Director

onlyDate: 11 February 2022

Name and ACN/ARSN (if applicable)

Angel Oysters Pty Ltd ATF Halman

Family Trust

Mr Isaac Lee Halman & Mrs Kady

Jennifer Huxley Halman ATF Halman

Super Fund

Isaac Lee Halman

For usepersonal

Nature of association	Class and number of securities	Person's votes
Refer attached Memorandum of	22,516,109	22,516,109
Understanding
Refer attached Memorandum of	1,254,099	1,254,099
Understanding
Refer attached Memorandum of	1,000,002	1,000,002
Understanding

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