THORNEY OPPORTUNITIES LTD

ACN 080 167 264

CROSS RELEASE QFE

8 January 2021

BY ASX ONLINE - 5 pages

Manager Company Announcements

ASX Limited

Level 10

20 Bond Street

SYDNEY 2000

Dear Sir/Madam,

Change of interests of substantial holder

Quickfee Limited [ASX:QFE]

Following is a Form 604 Notice of change of interests of substantial holder dated 8 January 2021 in accordance with section 671B of the Corporations Act 2001.

Yours sincerely,

CRAIG SMITH ACIS, CPA

Secretary

Level 39, 55 Collins Street, Melbourne Vic 3000

Telephone + 61 3 9921 7116 Facsimile + 61 3 9921 7100

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To:

company name/scheme

QUICKFEE LTD

ABN

14 003 209 836

1. Details of substantial holder

Name

ACN

THORNEY OPPORTUNITIES LTD and each of the associated entities listed in the attached Annexure 'A' to this notice.

080 167 264

There was a change in the interests of the substantial holder on

07-Jan-21

The previous notice was given to the company on

16-Oct-20

The previous notice was dated

16-Oct-20

2. Previous and present voting power

The total number of shares 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 scheme, are as follows:

Class of Securities

Previous Notice

Present Notice

Person's votes

Voting power

Person's votes

Voting power

Fully Paid Ordinary Shares

22,655,271

10.20%

25,239,328

11.36%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, relevant interests 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 are as follows:

Date of

Change

Person whose relevant

interest changed

Nature of

change

Consideration

Number and class of

given in

securities affected

relation to

Change

Person's

votes

affected

23-Oct-21

Urban Land Nominees Pty Ltd

Market

$Nil

90,000 ordinary shares

90,000

purchase

03-Nov-20

TIGA Trading Pty Ltd

Market

$Nil

190 ordinary shares

190

purchase

04-Nov-20

TIGA Trading Pty Ltd

Market

$Nil

140,834 ordinary shares

140,834

purchase

10-Nov-20

TIGA Trading Pty Ltd

Market

$Nil

69,166 ordinary shares

69,166

purchase

11-Nov-20

TIGA Trading Pty Ltd

Market

$Nil

27,565 ordinary shares

27,565

purchase

12-Nov-20

Thorney Opportunities Ltd

Market

$0.50 per share

122,435 ordinary shares

122,435

purchase

13-Nov-20

Thorney Opportunities Ltd

Market

$0.50 per share

49,810 ordinary shares

49,810

purchase

17-Nov-20

Thorney Opportunities Ltd

Market

$0.50 per share

304,575 ordinary shares

304,575

purchase

18-Nov-20

Thorney Opportunities Ltd

Market

$0.50 per share

195,425 ordinary shares

195,425

purchase

P a g e 2 | 5

3. Changes in relevant interests continued

Particulars of each change in, or change in the nature of, relevant interests 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 are as follows:

Date of

Change

Person whose relevant

Nature of

Consideration

Class and number of

Person's

interest changed

change

given in

securities affected

votes

relation to

affected

Change

TIGA Trading Pty Ltd

$Nil

158,717 ordinary shares

158,717

15-Dec-20

Thorney Opportunities Ltd

Market purchase

$0.39 per share

22,319 ordinary shares

22,319

Thorney Technologies Ltd

$Nil

66,960 ordinary shares

66,960

16-Dec-20

TIGA Trading Pty Ltd

Market purchase

$Nil

25,262 ordinary shares

25,262

TIGA Trading Pty Ltd

$Nil

168,344 ordinary shares

168,344

17-Dec-20

Thorney Opportunities Ltd

Market purchase

$0.41 per share

23,673 ordinary shares

23,673

Thorney Technologies Ltd

$Nil

71,022 ordinary shares

71,022

TIGA Trading Pty Ltd

$Nil

56,769 ordinary shares

56,769

18-Dec-20

Thorney Opportunities Ltd

Market purchase

$0.41 per share

7,983 ordinary shares

7,983

Thorney Technologies Ltd

$Nil

23,951 ordinary shares

23,951

22-Dec-20

TIGA Trading Pty Ltd

Market purchase

$Nil

100,715 ordinary shares

100,715

Thorney Opportunities Ltd

$0.40 per share

100,715 ordinary shares

100,715

TIGA Trading Pty Ltd

$Nil

245,969 ordinary shares

245,969

23-Dec-20

Thorney Opportunities Ltd

Market purchase

$0.40 per share

30,564 ordinary shares

30,564

Thorney Technologies Ltd

$Nil

87,327 ordinary shares

87,327

24-Dec-20

TIGA Trading Pty Ltd

Market purchase

$Nil

7,499 ordinary shares

7,499

TIGA Trading Pty Ltd

$Nil

88,741 ordinary shares

88,741

07-Jan-21

Thorney Opportunities Ltd

Market purchase

$0.40 per share

11,921 ordinary shares

11,921

Thorney Technologies Ltd

$Nil

31,788 ordinary shares

31,788

TIGA Trading Pty Ltd

$Nil

172,290 ordinary shares

172,290

08-Jan-21

Thorney Opportunities Ltd

Market purchase

$0.40 per share

60,885 ordinary shares

60,885

Thorney Technologies Ltd

$Nil

20,643 ordinary shares

20,643

P a g e 3 | 5

4. Present relevant interests

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

Holder of relevant interest

Registered holder of

Person entitled to be

Number and class

securities

registered as holder

of securities

Thorney Opportunities Ltd,

UBS Nominees Pty Ltd

Thorney Opportunities

2,090,616

Thorney Investment Group

Ltd

ordinary shares

Thorney Investment Group

UBS Nominees Pty Ltd

TIGA Trading Pty Ltd

16,444,496

ordinary shares

Thorney Technologies Ltd,

HSBC Custody Nominees

Thorney Technologies

5,829,560

Thorney Investment Group

(Australia) Ltd

Ltd

ordinary shares

Jasforce Pty Ltd

Jasforce Pty Ltd

Jasforce Pty Ltd

439,828

ordinary shares

Urban Land Nominees Pty Ltd

Urban Land Nominees Pty

Urban Land Nominees

434,828,

Ltd

Pty Ltd

ordinary shares

5. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name

Nature of association

6. Addresses

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

Name

Address

Thorney Opportunities Ltd

Level 39, 55 Collins Street, Melbourne 3000

ACN 080 167 264

Associated entities

Refer Annexure 'A'

Signature

Print name

CRAIG SMITH ACIS, CPA

Capacity SECRETARY

Sign here

Date: 8 January 2021

P a g e 4 | 5

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