BTC Health : Change in substantial holding

NAOSASSET MANAGEMENT LIMITED

LBN n 107 i/l 1 71

8 September 2020

The Manager

Marloet Announcements Office ASX Umited

By fax: [phone]

Dear Sir/Madam,

Blated Capltml Urnlted ACN 001 979172 (ASX:BTC)

Notice of change of Interests of substantial holder (Furn 604

A

Level 34, M LC Centre 19 Martin Plac, Sydney NSW 2000

• T [phone]

• F [phone]

• E enprie-naodoom-su

ww,v.naoszom/u

In accordance with section 6718 of the Corporations Act 2001 (Cth), please find attached a Form 604 in relation to shares in Biotech Capital Umited ACN 091 979 172 (AS)(:BTC) lodged on behalf of NAOS Asset Management Umited and Related Parties.

Yours faithfully,

Sebastian Evans Director

m4

Form 604

Corporatorm Aot X)01 8 ot1on 6718

Notice of change of Interests of substantial holder

InCompar¥ Num,/Solleme

0TC H..Ith Urrilt»d (0TC)

page 1/2 16 JUY 2001

ACN/ARSN

091 979 172

1.

Dahk of,ul,Ilint<.1 holdit,(1 )

Name

NAOS SLE) rival Holder, rglerrid to In Ann [1!MA.

Thili v,= a clumi In thi 1, rif d thi mubdintlil hold ron

07/0912(nO

Ths previolm notioe was Oven to th, oomparV on 14/07/2020

Th. pliviall notl wl, dil 14/07/2020

2

pri"*28=,dpiss.,tvoli,gpovm.

T h@ 18121 nlmber otvot= gli@chad to all th, vt YU ihar= In the compar¥ or vtYU Irtgregt In th, gcheme th it th, i lt,gt ria,1 hold,r o r an aggoclt» g) hid i MIvirrt Irtiwit (3) In whin lit ricplld, ind whin riow r«Ilirid, 1n g* i Kilirruil holdlre nalloo mi oompir¥ or 1,7 IM I lollov"I

Cli= of =11119, (4

Ordlriry Bi.

PrevIolm najol

P ,orm vah

60,947,189

Voang po*Ir ®)

24.76%

Prmrit notli P.r,ort W-

64,478,326

Vajrg pow,r (6)

26.20%

1

Chang= mrilavantli,fists

Partoularn oreaoh ohang, In, orohetrp Inths ne[itre d, a relevitrtlrimreetdthe Sub rival holder oren masoolit» Invoting 10011111= ortheoompar¥ or El,Irr», IlrIDI thi I,bitirihl hold.r w.1. 1.*111.d to glw I Iubit ,tlil holdlr nfoo b th, oompir¥ or Iol,Im. .1. m. ibl10#E

C*t» of challue

P.r,ort vot-
* ct»d
Hold'r of	R,gliurid	Pinion Inmlid to	Nibl, of	C li- Ind	Arion vot-
1livift	hok*of	bi Multild =	1livift	numbir d
Irrt»rk	01/111=	hold.r (8)	Irrbri (6)	I ourltil

P.Mon who- relevant Irmled

oirpd

R,ir b A//m/ /.

4

pr...It ril."=Ill,*<>

Nian d orwrp )

Con,Ill on gNin In 1,1 lon to ohirig• (7)

C li= Ind number d

I ourltil

Breated

PurOoular, of eaoh relevult Ir »1=t d the iubgti,1191 hollr In vf M Nourltle, 91 ,r the oh ang, 919 - Tollo#u:

RAr 1n All C

[783472 . 240619*.1 ]

804

page 2/2 16 JUY 2001

5. Chang= In ,soci,1Ion

1=hi pormr, v,lu hilvi bioor, m=oo im (R) 4,0 =0 1n bi miadit= of, or hilvi 0, rpd mi rial, d #Wr mlillon p) wmi 0, il t)*ntlal holder In relgilon 18 voting Inbgr=t In the compar¥ or gchame are = Tollowg:

Nimi of AC/ARSN (If 'polloibil

Nibri of -Ioolidon

6. Addre==

1-h ,dilri== d pr,on, rum,d In thi, fbrm im u ibllo#:

Nim.

NAOS Subgmrtial Holder,

01- L,wl 34, MLC Centre, 19 Mart*, Plao< St,dney NSW 2000

81gnabir

prirt name

Elab=Umn B..

omp.0 ltv

On bitwlf d thi NAOS Blt*Intlil Holdir,

sign h,re

des

08 i

.

1 2(no

IRICT,0NS

(1 )

I thir. ari a numbir of ILIbitirml holdiri with il mlar or rilit»d rilivirt 1, r=t» (Ig a corpor on ind lt» rilit»d corpoltioni, or h rr=rmoir indtnst», of El •qultv tru4 h rm,r=, oould h Inolud,d In El irnial, to h fbrm If th rdiv rrt Int»r-ti d i group d persons ale essertially slmilarthey YTE, be rererr* 180youghoutthe form m a speoltloally rinled group Irthe maintershlp deaoh grouR with the nim= ind idd of member, 1, 01=rly It out h palmomph 6 0 thi Talm

See thi dgnnloon of "=oolght' In geotion g ot the Corpolutong Aot 2001.

(3)

8= th, dirikki of '* 1//int Irit,r,t' In "dion, 808 inci 6718(7) d th Corpor,Mon, Act 2001.

(4)

The vaorig shares or a oompam, oorisotlt» ons olass unless,M,18,1 Inbo separ* olasses.

Thi pir,orf, v = dMIdid by thi 1DtIl vt», In thi bod, corpormi, or ichirr» mlitlpllid by 10(1

Inolud, d-1, t.

(6)

(m)

ir riliwirt igrie,nort or other olrolm-10= biomi= of whloh thi olung, In relimrt Ir »lit 00oilrid, Ir Iub,ioUon 6718(4) applleg, 9 oopy of am, dooumurrt egWng out th, tam, of 4 1•levult ggreemurit, and g *lagnirrt by the perion gMre Tzil Ind Ioourt» diti li of ir¥ 00, m< Iohirri or irrireir,rt, mut mooornpmrly mi form, bgimir v I writi»n Illt»m,r, ciml,Ing thli cor,trmct, Ichim, or arrarprn,rit End

(b)arly qlmlinoation or the power or a per,on to Mrolse, oor,trol th, merolse ar, or Inrluenoe the elmrolse or, the vuong powera or dlipo=l dthi *1111= S whloh the rilivirt Irt»r-t 1 li i (Indloimng oli,rl, thi pimoulir =ol,10= S whloh the quilmoinon ippl=1

8= 0, dirlmon of "ril//IntigriwrirC' In =oeon 9 of 0, Corporfor» Ad 2001.

(7)

Detdle d th, oon,Idera[ on Inlit Inoluds ar¥ and all benentn, mone, and other, 11* ar¥ perion from whom a relevart Inbarest was •0*Illd h., or rrig, b oomi .rrul .'1 b rioi vi In riliflo n thit .0*11.luon. Ditlll. mlli bi lrioludid lri lf thi biniflt l. oondIMorml onthi Mppiring orn,*dioornm,noy, C)*1*mlt bilnoludid 0,0 binillt pild on bimldth,ILE:,tiriml hol,1 rorn»,=00

In relgtion to the woqlieltion,, Mn Irthey gre not puld dreotly the poluon from whom the 1,1 ,Mt I,ble W= moCRIlled.

(8) Ir the gubgtmrtial holder le ulable 18 dit»milne the Identlty d tile perion (eg. Ir th@ 191 unt Irti,red allu= becalme or an option) writi

"L,11010#71'.

GM (*Ille, Ir ipproprIEt», d th, pr=d =,ooling, i nd irly oNrF In thit =,ooling, Ilno, th, lit Ebiurml holdlrg 11<10#

[783472 . 24061926-1 ]

E}-SeP-2020

16:29

APIEBREk Dat*af albal=Ild Halclu

NAOSAsset Maregernent Umhd ACN 107 624126 (which by reference also Inducles Sebastian Evans as a aub*mtlal holder In his personal oapaolty m he owns more than 20% d the voeng shares In the oomparly) CNAOS'). NAOS Emerging Opportunities Comp ny Umlled ACN 161 106 510 CNCC') d NAOS Small Cap Opportunltles Comp,ty Uml ed ACN 107 617 381 CNSC). (eaoh. a 'NAOS Sub*antlal Holderl.

AIHB(URE k O=Ig= AM,liIiI:l bi Ii/I

[)1/Of

Pliznwho= r.1...mt bla.".t

P.al,0,0,=P m

Ck."/dint/onC i Ind

-=An-

mq,"

.m/El.d

08/09/2020

NAOS. NCC. NSCOn-Marloat

$327,954.69

3,531,136

3,531,136

Ordinary Shares

n,Ea,RE e Pmiert n,Im=t Imiel

Hold"of

hold d

pim.in //ild 19 h I.gill.4-

'aks.Of

C mci Nion'I

Id di

bim

NAOS. NCC

National Nominees Umited

holds m NCC

NAOS (as Investment Manager of NCC) has a relevmt In re* In these shares under =*ions 608(1)(b) 8 W of the Corporaljons Act as It has the povzr to e=else or control the e=oise of the right to vote and to dispose of the shses.

61.978.326 Ordinary

26.1896

Shares

N CC has a relevant Interest In these shares under =*jon 608(2) ofthe Corporaljons Act m it has a benellioial interest in ahares held by Natjonal Nominees Umbd sid hx the povir to oontrol the exercise of votes and disposal or these shares upon revox*lon or the managemert agreement bea,een NEC and NAOS as Irrve ment manager of NCC

NAOS. NSC

National Nominees Umited

NSC

NAOS (as bvestment Manager of NSC) has a relevmt In art In these shares under sections 61(1)(b) 8 0) of the Corpora ons A(* as It has the po,£r to e=olae or oontrol the merolae of the roht to vote and to dispose of the all es.

2.600.000 Ordinary

1.02%

Shares

NSC has a relevant Interet In these shares under sed01 608(21 ofthe Corpora ons M m It has a beneficial Interest In ahares held by Na onal Nominees Umlted acid h= the po, er to oontrol the exerolae of votes and d Isposal of these aha res upon revooatlon of the management agreement bet,*een N SC and NAOS as Inve ment manager or NSC.