Cleanaway Waste Management : Ceasing to be a substantial holder from CGF

Sydney

Level 2, 5 Martin Place Sydney NSW 2000 Australia

GPO Box 3698

Sydney NSW 2001www.challenger.com.au

Melbourne	Level 19, 31 Queen Street PO Box 297, Flinders Lane, Melbourne VIC 3000 Telephone [phone] Facsimile 02 9994 7777
Brisbane	Level 6, 215 Adelaide Street GPO Box 3234, Brisbane QLD 4001 Telephone [phone] Facsimile 07 3136 5407
Perth	Level 26, 140 St Georges Terrace, Perth WA 6000 Telephone [phone]
Adelaide	Level 7, Suite 714, 147 Pirie Street, Adelaide SA 5000 Telephone [phone]

Telephone [phone]

Facsimile 02 9994 7777

21 April 2022

The Manager

Company Announcements Office ASX Limited

20 Bridge Street SYDNEY NSW 2000

By electronic lodgement

Dear Sir/Madam

Re: Notice of ceasing to be a substantial holder ~ Cleanaway Waste Management Limited (CWY)

We attach a notice of ceasing to be a substantial holder in Cleanaway Waste Management Limited. This notice is given by Challenger Limited and each of its associated entities named in Annexure 2 to this notice.

Yours faithfully

Linda Matthews Company Secretary

Challenger Limited ABN 85 106 842 371 Challenger Group Services Pty Limited ABN 91 085 657 307

Challenger Life Company Limited ABN 44 072 486 938 AFSL 234670

Challenger Investment Partners Limited ABN 29 092 382 842 AFSL 234 678

Challenger Retirement and Investment Services Limited ABN 80 115 534 453 AFSL295642 RSE Licence No. L0001304

Challenger Mortgage Management Pty Ltd ABN 72 087 271 109 Challenger Securitisation Management Pty Ltd ABN 56 100 346 898 AFSL 244593

Challenger Investment Solutions Management Pty Ltd ABN 63 130 035 353 AFSL 487354

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme

ACN/ARSN

1. Details of substantial holder (1)

Name

ACN/ARSN (if applicable)

The holder ceased to be a

Cleanaway Waste Management Limited 101 155 220

Challenger Limited (and its entities listed in Annexure 2)

106 842 371

substantial holder on 19/04/2022

The previous notice was given to the company on 11/03/2022

The previous notice was dated 11/03/2022

2. Changes in relevant interests

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
Refer Annexure 1	Challenger Limited (and its entities listed in Annexure 2)	Refer Annexure 1	Refer Annexure 1	Refer Annexure 1	Refer Annexure 1

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
N/A	N/A

4. Addresses

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

Name	Address
Challenger Limited (and its entities listed in Annexure 2)	Level 2, 5 Martin Place, Sydney NSW 2000

Signature

print name

Linda Matthews

Capacity

Company Secretary

sign here

date

21/04/2022

DIRECTIONS

(1) If there area 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 4 of the form.

• (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) Include details of:

(a) 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

(b) 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.

(5) 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.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure 1 consists of 3 page/s and is referred to in Form 605 signed by me and dated 21/04/2022

Linda Matthews

Company Secretary of Challenger Limited

Date of Change	Holder of relevant interest	Nature of Change	Consideration	Number of Securities	Person's Votes Affected
21/03/2022	Challenger Limited (and its entities listed in Annexure 2)	Buy	33,656	11,389	11,389
22/03/2022	As above	Sell	82,728	‐27,761	27,761
25/03/2022	As above	Sell	478,353	‐159,260	159,260
30/03/2022	As above	Sell	126,024	‐40,811	40,811
31/03/2022	As above	Sell	273,898	‐88,497	88,497
31/03/2022	As above	Sell	83,370	‐26,937	26,937
31/03/2022	As above	Sell	338,785	‐109,462	109,462
31/03/2022	As above	Sell	72,414	‐23,397	23,397
31/03/2022	As above	Sell	421,746	‐136,267	136,267
31/03/2022	As above	Sell	246,026	‐79,566	79,566
31/03/2022	As above	Sell	800,896	‐258,771	258,771
31/03/2022	As above	Sell	504,086	‐162,871	162,871
31/03/2022	As above	Sell	418,172	‐135,112	135,112
31/03/2022	As above	Sell	181,633	‐58,686	58,686
01/04/2022	As above	Sell	250,574	‐81,350	81,350
01/04/2022	As above	Sell	129,067	‐41,902	41,902
01/04/2022	As above	Sell	200,481	‐65,087	65,087
01/04/2022	As above	Sell	102,457	‐33,263	33,263
01/04/2022	As above	Sell	654,949	‐212,632	212,632
01/04/2022	As above	Sell	1,240,384	‐402,696	402,696
01/04/2022	As above	Sell	797,174	‐258,806	258,806
01/04/2022	As above	Sell	503,185	‐163,361	163,361
01/04/2022	As above	Sell	490,121	‐159,120	159,120
04/04/2022	As above	Sell	71,534	‐23,400	23,400
04/04/2022	As above	Buy	150,350	49,134	49,134
04/04/2022	As above	Sell	49,218	‐16,100	16,100
04/04/2022	As above	Sell	6,420	‐2,100	2,100
04/04/2022	As above	Sell	25,985	‐8,500	8,500
04/04/2022	As above	Sell	141,539	‐46,300	46,300
04/04/2022	As above	Sell	31,181	‐10,200	10,200
04/04/2022	As above	Sell	123,197	‐40,300	40,300
04/04/2022	As above	Sell	39,435	‐12,900	12,900
05/04/2022	As above	Sell	92,236	‐29,938	29,938
05/04/2022	As above	Sell	47,511	‐15,421	15,421
05/04/2022	As above	Sell	73,797	‐23,953	23,953
05/04/2022	As above	Sell	37,713	‐12,241	12,241
05/04/2022	As above	Sell	241,084	‐78,251	78,251
05/04/2022	As above	Sell	456,574	‐148,195	148,195
05/04/2022	As above	Sell	293,434	‐95,243	95,243
05/04/2022	As above	Sell	185,221	‐60,119	60,119

Transactions: Company Name/Scheme: As at:

Class of security:Cleanaway Waste Management Limited (CWY) 19/04/2022

Ordinary Fully Paid

Date of Change	Holder of relevant interest	Nature of Change	Consideration	Number of Securities	Person's Votes Affected
05/04/2022	As above	Sell	180,411	‐58,558	58,558
06/04/2022	As above	Sell	71,945	‐23,600	23,600
06/04/2022	As above	Sell	62	‐20	20
06/04/2022	As above	Sell	31	‐10	10
06/04/2022	As above	Sell	49	‐16	16
06/04/2022	As above	Sell	49,691	‐16,300	16,300
06/04/2022	As above	Sell	6,402	‐2,100	2,100
06/04/2022	As above	Sell	25,912	‐8,500	8,500
06/04/2022	As above	Sell	143,584	‐47,100	47,100
06/04/2022	As above	Sell	31,400	‐10,300	10,300
06/04/2022	As above	Sell	124,684	‐40,900	40,900
06/04/2022	As above	Sell	25	‐8	8
06/04/2022	As above	Sell	163	‐53	53
06/04/2022	As above	Sell	39,935	‐13,100	13,100
06/04/2022	As above	Sell	314	‐102	102
06/04/2022	As above	Sell	200	‐65	65
06/04/2022	As above	Sell	126	‐41	41
06/04/2022	As above	Sell	123	‐40	40
07/04/2022	As above	Sell	118,115	‐38,400	38,400
07/04/2022	As above	Sell	35,273	‐11,452	11,452
07/04/2022	As above	Sell	18,170	‐5,899	5,899
07/04/2022	As above	Sell	28,223	‐9,163	9,163
07/04/2022	As above	Sell	81,511	‐26,500	26,500
07/04/2022	As above	Sell	231,615	‐75,300	75,300
07/04/2022	As above	Sell	50,752	‐16,500	16,500
07/04/2022	As above	Sell	202,394	‐65,800	65,800
07/04/2022	As above	Sell	14,424	‐4,683	4,683
07/04/2022	As above	Sell	92,197	‐29,933	29,933
07/04/2022	As above	Sell	65,517	‐21,300	21,300
07/04/2022	As above	Sell	174,602	‐56,687	56,687
07/04/2022	As above	Sell	112,214	‐36,432	36,432
07/04/2022	As above	Sell	70,830	‐22,996	22,996
07/04/2022	As above	Sell	68,994	‐22,400	22,400
08/04/2022	As above	Sell	39,025	‐12,601	12,601
08/04/2022	As above	Sell	23,178	‐7,484	7,484
08/04/2022	As above	Sell	24,906	‐8,042	8,042
08/04/2022	As above	Sell	60,668	‐19,600	19,600
08/04/2022	As above	Sell	174,884	‐56,500	56,500
08/04/2022	As above	Sell	9,905	‐3,200	3,200
08/04/2022	As above	Sell	151,670	‐49,000	49,000
08/04/2022	As above	Sell	18,105	‐5,846	5,846
08/04/2022	As above	Sell	117,680	‐37,998	37,998
08/04/2022	As above	Sell	48,906	‐15,800	15,800
08/04/2022	As above	Sell	222,752	‐71,925	71,925
08/04/2022	As above	Sell	143,679	‐46,393	46,393
08/04/2022	As above	Sell	86,827	‐28,036	28,036
08/04/2022	As above	Sell	98,097	‐31,675	31,675
11/04/2022	As above	Sell	63,237	‐20,300	20,300
11/04/2022	As above	Sell	97,814	‐31,400	31,400
11/04/2022	As above	Sell	50,776	‐16,300	16,300
12/04/2022	As above	Sell	83,920	‐27,300	27,300
12/04/2022	As above	Sell	43,651	‐14,200	14,200
13/04/2022	As above	Sell	43,710	‐14,311	14,311
13/04/2022	As above	Sell	21,017	‐6,881	6,881
13/04/2022	As above	Sell	29,602	‐9,692	9,692
13/04/2022	As above	Sell	41,102	‐13,457	13,457
13/04/2022	As above	Sell	11,417	‐3,738	3,738
13/04/2022	As above	Sell	10,968	‐3,591	3,591