National Australia Bank : Becoming a substantial holder for PRN

	Form 603
Notice of initial substantial holder	Corporations Act 2001
Section 671B

	PRN
To:Company Name/Scheme	The Secretary
	Perenti Global Limited
	Level 2
	202 Pier Street
	Perth WA 6000
	PH: [phone]
ACN	009 211 474

1. Details of substantial shareholder

Name

ACN (if applicable)

National Australia Bank Limited and its associated entities listed in Annexure A (ACN 004 044 937)

The holder became a substantial holder on 31/03/2021

2. Details of 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 had a relevant interest in on the date the substantial holder became a substantial holder are as follows:

Class of securities	Number of	Persons' votes	Voting power
	securities
Fully paid ordinary	42,404,281	42,404,281	6.021%
shares

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest	Class and number
		of securities
MLC Investments Limited	Power to control the voting and /or disposal of	Fully paid ordinary
	securities pursuant to its position as the	shares
	responsible entity or trustee of various	4,125,434
	managed investment schemes and trusts
NULIS Nominees (Australia) Limited	Power to exercise voting rights pursuant to	Fully paid ordinary
	position held as the Registrable	shares
	Superannuation Entity licensee for the	88,848
	superannuation products it issues.
National Australia Bank Limited	Power to control the voting and /or disposal of	Fully paid ordinary
	securities pursuant to securities lending	shares
	agreements.	10,997,000
JBWere Limited	Power to control the voting and /or disposal of	Fully paid ordinary
	securities pursuant to position as investment	shares
	manager for various client portfolios.	235,880
National Australia Bank Limited	Power to control the voting and /or disposal of	Fully paid ordinary
	securities pursuant to securities lending	shares
	agreements.	26,957,119
	TOTAL	42,404,281

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to	Class and number of
		be registered as	securities
		holder
MLC Investments Limited	National Nominees Limited		Fully paid ordinary shares
	(ACN 004 278 899)		4,125,434
NULIS Nominees (Australia)	NULIS Nominees (Australia) Limited		Fully paid ordinary shares
Limited	(ACN 008 515 633)		88,848
National Australia Bank	National Nominees Limited		Fully paid ordinary shares
Limited	(ACN 004 278 899)		10,997,000
JBWere Limited	Invia Custodian Pty Limited		Fully paid ordinary shares
	(ACN 006 127 984)		235,880
National Australia Bank	National Nominees Limited		Fully paid ordinary shares
Limited	(ACN 004 278 899)		26,957,119
		TOTAL	42,404,281

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant	Date of acquisition	Consideration		Class and number of
interest		securities
		Cash	Non-cash	Fully paid ordinary
		shares
MLC Investments Limited	21/12/2020	$90,450.46		64,556
MLC Investments Limited	6/01/2021	$75,618.20		54,085
MLC Investments Limited	23/02/2021	$21,061.05		16,714
MLC Investments Limited	25/02/2021	$23,337.94		19,518
National Australia Bank	01/12/2020 to 31/03/2021	No consideration directly
referable to the securities		Refer to Appendix 1 Table
Limited	- Securities Lending
provided by NAB.
National Australia Bank	18/03/2021 - Stock borrow	No consideration directly		13,000,000
referable to the securities
Limited	(refer Appendix 2)
provided by NAB.
National Australia Bank	25/03/2021 - Stock borrow	No consideration directly
referable to the securities		14,041,950
Limited	(refer Appendix 2)
provided by NAB.
National Australia Bank	29/03/2021 - Stock return	No consideration directly
referable to the securities		84,392
Limited	(refer Appendix 2)
provided by NAB.
National Australia Bank	30/03/2021 - Stock return	No consideration directly
referable to the securities		439
Limited	(refer Appendix 2)
provided by NAB.

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if	Nature of association
applicable
MLC Investments Limited	MLC Investments Limited is a wholly owned subsidiary of MLC
	Holdings Limited whose ultimate parent is National Australia
	Bank Limited.
JBWere Limited	JBWere Limited is a wholly owned subsidiary of National
	Wealth Management Holdings Limited whose ultimate parent
	is National Australia Bank Limited.
NULIS Nominees (Australia)	NULIS Nominees (Australia) Limited is a wholly owned
Limited	subsidiary of National Wealth Management Holdings Limited
	whose ultimate parent is National Australia Bank Limited.

7. Addresses

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

	Name	Address
	National Australia Bank Limited	Level 1
		800 Bourke Street
		DOCKLANDS VIC 3008
	MLC Investments Limited	Ground Floor
		105-153 Miller Street
		NORTH SYDNEY NSW 2060
	JBWere Limited	Level 15
		101 Collins Street
		MELBOURNE VIC 3000
	Invia Custodian Pty Limited	Level 15
		101 Collins Street
		MELBOURNE VIC 3000
	NULIS Nominees (Australia)	Ground Floor
	Limited	105-153 Miller Street
		NORTH SYDNEY NSW 2060
	National Nominees Limited	Level 1
		800 Bourke Street
		DOCKLANDS VIC 3008
Signature
Name	Louise Thomson	Capacity
		Group Company Secretary
		for and on behalf of National Australia Bank Limited
Signature		Date 07/04/2021

Appendix 1 -	PRN
Type of agreement and	National Australia Bank Limited and	National Australia Bank Limited and
parties to agreement
	Securities Borrowing Agreement (SBA) clients	AMSLA Counterparties
		MOTOR TRADES ASSOCIATION OF AUSTRALIA
	(iv)	SUPERANNUATION FUND PTY LIMITED	( b )	UBS SECURITIES AUSTRALIA LTD
	(xii)	PRIME SUPER PTY LTD	( g )	INSTINET AUSTRALIA PTY LTD
	(xiii) VISION SUPER PTY LIMITED	( h )	MORGAN STANLEY AUSTRALIA SECURITIES LIMITED
	1/12/2020 to 31/3/2021	1/12/2020 to 31/3/2021
Transfer dates	Specific dates for each transfer can be found by matching the number	Specific dates for each transfer can be found by matching the number
	reference in the 'Type of agreement and parties to agreement' field to	reference in the 'Type of agreement and parties to agreement' field to
	the accompanying list of transactions.	the accompanying list of transactions.
Holder of voting rights	Registered owner	Registered owner
	The registered owner holds voting rights. However, in certain	The registered owner holds voting rights. However, in certain
Are there any restrictions	circumstances the lender may request for the borrower to use best	circumstances the lender may request for the borrower to use best
on voting	endeavours to arrange for voting instructions to be exercised in	endeavours to arrange for voting instructions to be exercised in
	accordance with the instructions from the lender.	accordance with the instructions from the lender.
Scheduled date of return	On demand	On demand
(if any)
Does the borrower have	Yes - at notice	Yes - at notice
the right to return early?
Does the lender have the	Yes - at notice	Yes - at notice
right to recall early?
Will the securities be	Yes, or equivalent protection under Securities Borrowing Agreement.	Yes, or equivalent protection under AMSLA.
returned on settlement?

National Australia Bank Limited will, if required by the company or responsible entity to whom the prescribed form must be given or ASIC give a copy of the agreements to the company, responsible entity or ASIC.

Appendix 1-	PRN
			No. of		AMSLA
Date	Nature of Change Consideration	Securities	Class	Counterparty
2/12/2020	Settle Sec Loan		181000	ORD	( g )
4/12/2020	Return Security		-181000	ORD	( g )
26/03/2021	Settle Sec Loan		3000000	ORD	( h )
29/03/2021	Settle Sec Loan		197000	ORD	( h )
31/03/2021	Collateral Settle Sec	Loan	9800000	ORD	( b )
31/03/2021	Collateral Return Security	-2000000	ORD	( b )