FORM 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To: Excelsior Capital Limited

Level 29,

2 Chifley Square

Sydney NSW 2000

ABN: 98 050 542 553

To: Australian Securities Exchange Limited

1. Details of substantial shareholder

Name:

London City Equities Limited (ABN 59 003 200 664) and its

related parties and bodies corporate together ("London City Equities Ltd")

give notice of a change in its relevant interests.

There were changes in the interests of the substantial holder as set out below.

The previous notice was given to the company on 30 October 2020

The previous notice was dated 30 October 2020

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 had a relevant interest in when last required, and when now required, to give a substantial holding notice to the company or

or scheme are as follows:

Class of Securities

Previous Notice

Present Notice

Ordinary Shares - London City

Person's votes

Voting Power

Person's votes

Voting Power

Equities Limited

679,959

2.35%

950,503

3.28%

Ordinary Shares - London City

Equities Limited and

2,074,602

7.16%

2,379,526

8.21%

relevant interests

3. Change 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 whose

Nature of

Class and

Person's

Change

relevant interest

Change

Number of

Votes

changed

Securities

Refer to

Refer to

Refer to

Refer to

See below.

Schedule 1

Schedule 1

Schedule 1

Schedule 1

Schedule 1

- Various

Market

Transactions

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securites after the changes are as follows:

Holder of

Registered

Person

Class and

Person's

relevant

holder of

entitled to be

Number of

Votes

interest

securities

registered

Securities

as holder

London

London City

London City

City

Equities

Equities

950,503

950,503

Equities

Limited

Limited

Limited

Imperial

Imperial

Imperial

Pacific

Pacific Ltd

Pacific Ltd

301,777

301,777

Limited

[ABN 65 000 144 561]

and

Imperial

Associates

Pacific Fund

Imperial

Managers

Pacific Ltd

257,720

257,720

Pty Limited

[ACN 008 561 153]

Peter EJ

Peter EJ

Peter EJ

611,736

611,736

Murray

Murray

Murray

Peter EJ

Capel Court

Capel Court

257,790

257,790

Murray

Corporation

Corporation

Superann.

Pty Ltd

Pty Ltd

Fund

[ACN 000 590 572]

(Trustee -PEJ

Murray Super)

2,379,526

2,379,526

Note: Imperial Pacific Limited holds 31.1% of the equity capital of London City Equities Ltd and PEJ Murray interests hold 39.0% of the equity capital of Imperial Pacific Limited.

5. Change in associationNot Applicable

6. Names and Addresses

Name:

Address

London City Equities Limited

Level 2, 111 Harrington Street, The Rocks NSW 2000

Imperial Pacific Limited

Level 2, 111 Harrington Street, The Rocks NSW 2000

Mr Peter EJ Murray

5 / 1 The Esplanade, Mosman NSW 2088

Capel Court Corporation Pty Ltd

Level 2, 111 Harrington Street, The Rocks NSW 2000

Signed by:

PEJ Murray

12 April 2021

(Signature)

(Director)

(Date)

Schedule 1

Schedule 1 to Form 604

Holder of

Registered

Nature of

Class and

Consideration

Relevant

Holder

Change

Number of

Interest

of Securities

Securities

London

London City

Market

City

Equities

Purchases &

Equities

Limited

(Sales)

Limited

05-Feb-21

68,555

$

101,703

08-Feb-21

76,600

$

113,992

10-Feb-21

4,974

$

7,402

16-Feb-21

8,631

$

12,872

22-Feb-21

7,784

$

11,584

24-Feb-21

28,000

$

41,912

04-Mar-21

7,111

$

10,546

12-Mar-21

4,940

$

7,252

15-Mar-21

2,000

$

2,936

16-Mar-21

2,500

$

3,670

18-Mar-21

27,200

$

39,998

19-Mar-21

10,698

$

15,705

29-Mar-21

1

$

1

31-Mar-21

5,550

$

8,148

08-Apr-21

16,000

$

23,636

Peter EJ

Peter EJ Murray

17-Dec-20

7,850

$

11,756

Murray

07-Jan-21

5,720

$

8,514

18-Jan-21

500

$

740

22-Jan-21

245

$

355

25-Jan-21

10,620

$

15,743

04-Feb-21

2,300

$

3,335

Imperial Pacific

26-Nov-20

7,145

$

11,035

Fund Managers

Pty Limited

Legal Note -

A further possible

Check - 1

304,924

purchase of 49,337 is subject to

Plus

2,074,602

dispute.

2,379,526

Check - 2

2,379,526

Difference

-

Total Issued Cap

28,994,469

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Excelsior Capital Limited published this content on 12 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2021 07:02:03 UTC.