Spark Infrastructure : Change in substantial holding

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To:Company Name/Scheme	Spark Infrastructure Group
	Formed by the stapling of securities in Spark Infrastructure Trust and Spark
	Infrastructure RE Limited.
	Level 29, 225 George Street,
	SYDNEY NSW 2000
ACN/ARSN	ACN: 114 940 984 (Spark RE) 116 870 725 (Trust)
1. Details of substantial holder (1)
Name	Lazard Asset Management Pacific Co
ACN/ARSN (if applicable)	ACN 064 523 619
There was a change in the interests of the
substantial holder on		30/09/2019
The previous notice was given to the company on	14/12/2017
The previous notice was dated		14/12/2017

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 (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:

Class of securities (4)	Previous notice	Present notice
	Person's votes (5)
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Stapled	237,980,218	14.15%	261,878,095	15.42%

3. Changes 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	Consideration	Class and	Person's votes
change	relevant interest	change (6)	given in relation	number of	affected
	changed		to change (7)	securities
				affected

See Annexure B

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	Registered	Person	Nature of	Class and	Person's
interest	holder of	entitled	relevant interest (6)	number of	votes
	securities	to be		securities
		registered
		as holder
		(8)

See Annexure C

5. Changes in association

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:

Name and ACN/ARSN (if applicable)	Nature of association
See Annexure A of 1 page	Related bodies corporate

6. Addresses

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

Name	Address
Lazard Asset Management Pacific	Level 39, Gateway
Co and its associates listed in	1 Macquarie Place
Annexure A	SYDNEY NSW 2000

Signature

print name	Apnavi Saddington	capacity	Company Secretary
sign here
date		2 October 2019

DIRECTIONS

1. 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.
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:
7. 1. 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
   2. 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).

See the definition of 'relevant agreement' in section 9 of the Corporations Act 2001.

1. 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.
2. 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'.
3. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure 'A'

This is Annexure A of 1 page referred to in Form 604 Notice of change of interests of substantial holder signed by me and dated 2 October 2019.

Apnavi Saddington	2 October 2019
Company Secretary	Dated

Associates of Lazard Asset Management Pacific Co. ACN 064 523 619

Lazard Ltd

Lazard Group LLC

Lazard Frères & Co LLC

Lazard Asset Management LLC

Lazard Brothers & Co., Ltd.

Lazard Asset Management (Canada), Inc.

Lazard Pension Management, Inc

Lazard Asset Management Limited, London

Lazard Japan Asset Management KK

Deutsche Lazard Asset Management Holding GmbH

Lazard Asset Management (Deutschland) GmbH

Lazard Funds Marketing GmbH, Frankfurt

Lazard Alternatives LLC

Lazard Investment Funds Limited, Dublin

Lazard Fund Managers (Ireland) Limited

Lazard Fund Managers Limited, London

Lazard Debt Recovery Management LLC

LAMP Administration Pty Ltd

Lazard Pty Ltd

Lazard Asset Management (Hong Kong) Limited

Lazard Korea Asset Management Co. Ltd

Lazard Asset Management Securities LLC

Lazard Asset Management (Singapore) Pte Ltd

Lazard Asset Management Schweiz AG

Lazard Gulf Limited

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Annexure 'B'

This is Annexure B of 4 pages referred to in Form 604, Notice of change of interests of substantial holder, signed by me and dated 2 October 2019.

Apnavi Saddington	2 October 2019
Company Secretary	Dated
Lazard Asset Management Pacific Co
ACN: 064 523 619

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Form 604

Annexure B - Changes in relevant interests

			Consideration	Class and number of
Date of			given in relation	Person's votes
Person whose relevent interest changed	Nature of change	securities affected
change		to change	affected
			(Stapled securities)
				AUD
	Lazard Asset Management Pacific Co and its
13/12/2017	associates listed in Annexure A	Buy	$	3,955,651.90	1,467,627	1,467,627
	Lazard Asset Management Pacific Co and its
15/12/2017	associates listed in Annexure A	Buy	$	461,177.61	175,731	175,731
	Lazard Asset Management Pacific Co and its
27/12/2017	associates listed in Annexure A	Buy	$	456,872.81	181,843	181,843
	Lazard Asset Management Pacific Co and its
28/12/2017	associates listed in Annexure A	Buy	$	1,066,163.37	422,106	422,106
	Lazard Asset Management Pacific Co and its
29/12/2017	associates listed in Annexure A	Buy	$	1,001,221.91	398,051	398,051
	Lazard Asset Management Pacific Co and its
02/01/2018	associates listed in Annexure A	Buy	$	517,015.27	206,841	206,841
	Lazard Asset Management Pacific Co and its
03/01/2018	associates listed in Annexure A	Buy	$	2,148,093.41	866,933	866,933
	Lazard Asset Management Pacific Co and its
04/01/2018	associates listed in Annexure A	Buy	$	65,182.15	26,226	26,226
	Lazard Asset Management Pacific Co and its
09/01/2018	associates listed in Annexure A	Sell	$	4,149,974.15	1,693,867	1,693,867
	Lazard Asset Management Pacific Co and its
10/01/2018	associates listed in Annexure A	Buy	$	5,031,295.53	2,073,301	2,073,301
	Lazard Asset Management Pacific Co and its
11/01/2018	associates listed in Annexure A	Buy	$	2,403,595.26	992,369	992,369
	Lazard Asset Management Pacific Co and its
12/01/2018	associates listed in Annexure A	Buy	$	4,312,487.77	1,800,000	1,800,000
	Lazard Asset Management Pacific Co and its
15/01/2018	associates listed in Annexure A	Buy	$	2,734,009.52	1,128,460	1,128,460
	Lazard Asset Management Pacific Co and its
16/01/2018	associates listed in Annexure A	Buy	$	2,450,808.03	1,029,277	1,029,277
	Lazard Asset Management Pacific Co and its
17/01/2018	associates listed in Annexure A	Buy	$	4,353,029.79	1,814,023	1,814,023
	Lazard Asset Management Pacific Co and its
18/01/2018	associates listed in Annexure A	Buy	$	968,138.00	400,000	400,000
	Lazard Asset Management Pacific Co and its
29/01/2018	associates listed in Annexure A	Buy	$	1,642,476.22	708,838	708,838
	Lazard Asset Management Pacific Co and its
12/02/2018	associates listed in Annexure A	Sell	$	1,653,973.90	750,000	750,000
	Lazard Asset Management Pacific Co and its
13/02/2018	associates listed in Annexure A	Sell	$	2,753,114.36	1,250,000	1,250,000
	Lazard Asset Management Pacific Co and its
21/02/2018	associates listed in Annexure A	Sell	$	439,928.25	186,671	186,671
	Lazard Asset Management Pacific Co and its
26/02/2018	associates listed in Annexure A	Sell	$	3,074,429.14	1,258,025	1,258,025
	Lazard Asset Management Pacific Co and its
01/03/2018	associates listed in Annexure A	Sell	$	190,701.30	80,444	80,444
	Lazard Asset Management Pacific Co and its
05/03/2018	associates listed in Annexure A	Sell	$	591,648.21	261,800	261,800
	Lazard Asset Management Pacific Co and its
06/03/2018	associates listed in Annexure A	Sell	$	56,353.11	24,171	24,171
	Lazard Asset Management Pacific Co and its
16/03/2018	associates listed in Annexure A	Sell	$	254,410.24	108,287	108,287
	Lazard Asset Management Pacific Co and its
21/03/2018	associates listed in Annexure A	Buy	$	1,904,523.41	800,000	800,000
	Lazard Asset Management Pacific Co and its
10/04/2018	associates listed in Annexure A	Sell	$	88,003.70	37,434	37,434
	Lazard Asset Management Pacific Co and its
17/04/2018	associates listed in Annexure A	Sell	$	401,252.00	514,900	514,900
	Lazard Asset Management Pacific Co and its
18/04/2018	associates listed in Annexure A	Buy	$	2,036,440.59	889,839	889,839
	Lazard Asset Management Pacific Co and its
19/04/2018	associates listed in Annexure A	Buy	$	2,057,875.99	896,344	896,344
	Lazard Asset Management Pacific Co and its
20/04/2018	associates listed in Annexure A	Buy	$	693,914.93	302,211	302,211
	Lazard Asset Management Pacific Co and its
26/04/2018	associates listed in Annexure A	Sell	$	1,856,676.96	814,332	814,332
	Lazard Asset Management Pacific Co and its
27/04/2018	associates listed in Annexure A	Sell	$	928,451.54	408,307	408,307
	Lazard Asset Management Pacific Co and its
10/05/2018	associates listed in Annexure A	Sell	$	3,044,638.92	1,297,000	1,297,000
	Lazard Asset Management Pacific Co and its
21/05/2018	associates listed in Annexure A	Buy	$	945,684.68	426,887	426,887
	Lazard Asset Management Pacific Co and its
22/05/2018	associates listed in Annexure A	Buy	$	1,072,901.29	484,369	484,369
	Lazard Asset Management Pacific Co and its
23/05/2018	associates listed in Annexure A	Buy	$	741,440.07	330,931	330,931

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