SMS Management & Technology : Ceasing to be a substantial holder - Schroder Investment Management

Form 605 Corporations Act 2001 Section 671B Notice of ceasing to be a substantial holder

To Company Name/Scheme: SMS Management & Technology Limited ACN/ARSN: 009 558 865

1. Details of substantial holder

   Name:

   ACN/ARSN (if applicable):

   The holder ceased to be a substantial holder on:

   The previous notice was given to the company on:

   The previous notice was dated:

2. Changes in relevant interests

   Schroder Investment Management Australia Limited 009 558 865

   07/07/2017

   22/12/2016

   22/12/2016

   Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
   23/12/201 6 - 07/07/201 7	SIMAL	Buy	$296,816.76	182,435 Ordinary shares	182,435

   23/12/201 6 - 07/07/201 7	SIMAL	Sell	$96,122.61	65,233 Ordinary shares	65,233
   23/12/201 6 - 07/07/201 7	SIMAL	Transfer out	-	2,949,753 Ordinary shares	2,949,753
   23/12/201 6 - 07/07/201 7	SIM LTD	Sell	$52,820.25	33,179 Ordinary shares	33,179

3. Changes in association

   The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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
   Schroder Investment Management Australia Limited ("SIMAL")	Related Fund Manager
   Schroder Investment Management Limited ("SIM LTD")	Relevant Fund Manager

4. Address

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

Name	Address
Schroder Investment Management (Australia) Limited ("SIMAL")	Level 20, Angel Place, 123 Pitt Street, Sydney, 2000, Australia
Schroder Investment Management Limited ("SIM LTD")	31 Gresham Street, London EC2V 7QA, UK