Notice of change of interests of substantial holder

To Company Name/ SchemeCHORUS LIMITED
ACN/ ARSN152 485 848
1. Details of substantial holder (1)
NameL1 Capital Pty Ltd
ACN/ ARSN (if applicable)21 125 378 145
There was a change in the interests of the substantial holder on
The previous notice was given to the company on
The previous notice was dated
2. Previous and present voting power
*Based on issued capital of 447,024,884 shares
3. Changes in relevant interests
4. Present relevant interests
Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:
See
Schedule 1
Voting power (5)
FPO
Class of securities (4)
7/11/2020
21/09/2020
21/09/2020
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 (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:
Person's votes (5)Number of securities
8.39%
Person's votesVoting power (5)Person's votes
43,609,816 9.83%37,513,882
Person's
votes
affected
Person whose relevant interest
changedNature of change (6)
Consideration given in
relation to change (7)
Person's votes
6,095,934
Form 604
Corporations Act 2001
Section 671B
Notice of change of interests of substantial holder
L1 Capital Pty Ltd
6,095,934 6,095,934
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
change
Class and number of
securities affected
Registered Holder of securities
Person entitled to be
registered as holder (8)Nature of relevant interest
Class and number of
securities
21/09/2020 -
7/11/2020
Holder of
relevant
interest

5. Changes in association
6. Addresses
The addresses of persons named in this form are as follows:
Signature
Print nameCapacity
Sign hereDate
DIRECTIONS
(1)
(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)
(b)
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(7)
(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.
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.
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 6 of the
form.
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 securities to which
the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
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:
Nature of association
Name
L1 Capital Pty Ltd
Address
Name and ACN/ ARSN (if applicable)
N/A
Level 28, 101 Collins Street, Melbourne, VIC, 3000
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
10/11/2020
MARK LANDAUDirector

Schedule 1 - L1 Capital Pty Ltd change in substantial holding for CHORUS LIMITED
Details of relevant interests
Holder of relevant interestNature of relevant interestClass and number of securities
L1 Capital Pty LtdFully paid ordinary shares
37,513,882
Details of present registered holders
Holder of relevant interestRegistered holder of securities
4,751,650
FPO
20,955,477
FPO
3,526,759
FPO
6,963,538
FPO
1,316,458
FPO
37,513,882
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
State Street Australia Limited
Power to (or to control) exercise vote and/or
dispose of the securities as discretionary investment
managers or advisers of superannuation funds,
pooled superannuation trusts, managed investment
schemes and investment management agreements.
Persons entitled to be a registered holderClass and number of
securities
National Nominees Ltd
Credit Suisse
Citigroup Nominees
Morgan Stanley
State Street Australia Limited
National Nominees Ltd
Credit Suisse
Citigroup Nominees
Morgan Stanley