Greenvale Energy : Notice of change of interests of substantial holder

604 Page 1 of 3 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

ToCompany Name/Scheme	Greenvale Energy Ltd
ACN/ARSN
54 000 743 555
1. Details of substantial holder (1)
Name	Gotha Street Capital PL, Monarch Asset Management PL, Mr Ben Price
ACN/ARSN (if applicable)
613 811 644, 616 696 256
There was a change in the interests of the	12		/	08		/	2020
substantial holder on
The previous notice was given to the company on	31		/ 07	/ 2020
The previous notice was dated		31		/ 07	/ 2020

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	Voting power (5)	Person's votes	Voting power (5)
Fully Paid Ordinary Shares	15,810,376	6.89%	15,810,376	5.84%

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

	12 Aug 2020 Monarch Asset Mgt	dilution due to
		Gotha Street Cap	issue of shares
		Ben Price
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 holder		Person entitled to	Nature of relevant	Class and number of	Person's votes
	interest		of securities		be registered as	interest (6)	securities
					holder (8)
	Gotha Street		Gotha Street		Gotha Street	Registered	8,984,600 FPO	8,984,600
	Capital PL		Capital PL		Capital PL	holder
	Monarch Asset		Monarch Asset		Monarch Asset	Registered
	Management		Management		Management	3,837,572 FPO	3,837,572
			holder
	PL		PL		PL
	Mr Ben Price		Mr Ben Price		Mr Ben Price	Registered	2,988,204	2,988,204
			holder	FPO

5. Changes in association

604 Page 2 of 3 15 July 2001

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

N/A

6. Addresses

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

Name	Address
Gotha Street Capital PL	16 Edith Street, Wellington Point, Qld
Monarch Asset Management PL & Ben Price	C/- 82 Monarch Drive, Canungra, Qld

Signature

print name	Mr Ben Price	capacity	Director
sign here
	date	13 / 08	/ 2020

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:

)

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.

(7 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.

(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.