Pengana Private Equity Trust : Change in substantial holdings from WBC

Form 604

Corporations Act 2001

Section 671B

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
11/04/2022	WBC & its Associates, Westpac RE Limited, BT Funds Management Limited	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'

Notice of change of interests of substantial holder

PENGANA PRIVATE EQUITY TRUST
ACN 630 923 643
Name	WESTPAC BANKING CORPORATION (WBC) and its associated entities listed
in Annexure 'B'
ACN/ARSN (if applicable)	ACN 007 457 141
There was a change in the interests of the
substantial holder on	11/04/2022

To

Company Name/Scheme

ACN/ARSN

1.

Details of substantial holder(1)

The previous notice was given to the company on 19/02/2021

The previous notice was dated 19/02/2021

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 in 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)
ORDINARY SHARES	23,991,084	10.01%	22,940,985	8.25%

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:

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 interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and Number of securities	Person's votes
BT Funds Management Limited	Asgard Capital Management Limited BT Portfolio Services Limited	Asgard Capital Management Limited BT Portfolio Services Limited	BT Funds Management Limited is the manager of various superannuation funds, institutional investor portfolios and unit trusts and, in that capacity, can exercise the power to vote or dispose of the shares.	168,449 Ordinary	168,449
Westpac RE Limited	HSBC Custody Nominees (Australia) Limited.	HSBC Custody Nominees (Australia) Limited.	Westpac RE Limited is the manager of various superannuation funds, institutional investor portfolios and unit trusts and, in that capacity, can exercise the power to vote or dispose of the shares.	22,764,536 Ordinary	22,764,536
Westpac Financial Services Limited	HSBC Custody Nominees (Australia) Limited.	HSBC Custody Nominees (Australia) Limited.	Westpac Financial Services Limited is the responsible entity of various managed investment schemes and, in that capacity, can exercise the power to vote or dispose of shares.	8,000 Ordinary	8,000

5.

Changes in association

The persons who have become associates (2) of, or 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

6.

Addresses

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

Name	Address
Westpac Banking Corporation (WBC)	Level 18, Westpac Place, 275 Kent St, Sydney NSW 2000
Westpac RE Limited	Level 18, Westpac Place, 275 Kent Street, Sydney NSW 2000
BT Funds Management Limited	Level 18, Westpac Place, 275 Kent Street, Sydney NSW 2000
Westpac Financial Services Limited	Level 18, Westpac Place, 275 Kent Street, Sydney NSW 2000
PENGANA PRIVATE EQUITY TRUST	The Company Secretary PENGANA PRIVATE EQUITY TRUST (PE1) Level 1,2 & 3, 60 Martin Place Sydney NSW 2000

Signature

Print name

Tim Hartin

Capacity General Manager & Company Secretary

Sign here

Date

13/04/2022

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (e.g. 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 scheme multiplied by 100.

• (6) 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.

• (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 (e.g. if the relevant interest arises because of an option) write "unknown".

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

ANNEXURE A

This is annexure 'A' referred to in Form 604, Notice of change of interests of substantial holder, lodged for Westpac Banking Corporation ACN 007 457 141 and its associated entities.

Tim Hartin- Company Secretary, Westpac Banking Corporation 13/04/2022

TRANSACTION HISTORY

Sales & Purchases for the period : 18/02/2021 to 11/04/2022

SECURITY: PE1

BT Funds Management LimitedDate

Registered Company

28/4/2021

5/5/2021

Asgard Capital Management Limited Asgard Capital Management Limited

23/6/2021

6/8/2021

Asgard Capital Management Limited Asgard Capital Management Limited

23/11/2021

21/1/2022

25/2/2022

6/8/2021

Asgard Capital Management Limited Asgard Capital Management Limited Asgard Capital Management Limited Asgard Capital Management Limited

28/2/2022

7/4/2022

Asgard Capital Management Limited Asgard Capital Management Limited

7/4/2022

7/4/2022

7/4/2022

7/4/2022

Asgard Capital Management Limited Asgard Capital Management Limited Asgard Capital Management Limited Asgard Capital Management Limited

7/4/2022

7/4/2022

Asgard Capital Management Limited Asgard Capital Management Limited

Nature of Change

Quantity

Consideration

Sell

Class of SecuritiesPerson's votes affected

Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy

-17,951

-21,361.69

1,604 1,924.80

24,590 29,999.80

4,705 5,975.35

5,490 6,972.30

6,622 9,999.22

1,461 2,527.53

33,942 55,325.46

15,625 25,000.00

941 1,550.58

1,098 1,809.28

3,717 6,124.87

6,789 11,186.91

3,125 5,149.38

1,717 2,829.27

9,739 16,047.92

Total

103,214 161,060.99

Ordinary Ordinary Ordinary Ordinary Ordinary Ordinary Ordinary Ordinary Ordinary Ordinary Ordinary Ordinary Ordinary Ordinary Ordinary Ordinary

17,951

1,604

24,590

4,705

5,490

6,622

1,461

33,942

15,625

941

1,098

3,717

6,789

3,125

1,717

9,739

Date

Registered Company

19/2/2021

• BT Portfolio Services Limited

  19/2/2021

• BT Portfolio Services Limited

  19/2/2021

• BT Portfolio Services Limited

  19/2/2021

• BT Portfolio Services Limited

  19/2/2021

• BT Portfolio Services Limited

  19/2/2021

• BT Portfolio Services Limited

  22/2/2021

• BT Portfolio Services Limited

  22/2/2021

• BT Portfolio Services Limited

  23/2/2021

• BT Portfolio Services Limited

  23/2/2021

• BT Portfolio Services Limited

  23/2/2021

• BT Portfolio Services Limited

Nature of ChangeQuantity

ConsiderationClass of SecuritiesPerson's votes affected

Sell Sell Sell Sell Sell Buy Buy Sell Buy Sell Buy

-48,000

-57,067.20

Ordinary 48,000

-7,968

-9,641.28

Ordinary 7,968

-11,950

-14,459.50

Ordinary 11,950

-3,242

-3,922.82

Ordinary 3,242

-7,720

-9,341.20

Ordinary 7,720

30,880

37,364.80

Ordinary 30,880

3,328

4,096.44

Ordinary 3,328

-21,508

-25,256.84

Ordinary 21,508

4,205

5,040.11

Ordinary 4,205

-8,000

-9,360.00

Ordinary 8,000

8,000

9,360.00

Ordinary 8,000

24/2/2021	BT Portfolio Services Limited	Buy	8,788	10,230.11	Ordinary	8,788
26/2/2021	BT Portfolio Services Limited	Buy	9,018	10,542.04	Ordinary	9,018
26/2/2021	BT Portfolio Services Limited	Buy	42,875	49,782.16	Ordinary	42,875
1/3/2021	BT Portfolio Services Limited	Sell	-2,609	-2,964.08	Ordinary	2,609
2/3/2021	BT Portfolio Services Limited	Buy	23,142	26,997.46	Ordinary	23,142
3/3/2021	BT Portfolio Services Limited	Sell	-25,900	-29,764.28	Ordinary	25,900
3/3/2021	BT Portfolio Services Limited	Sell	-37,569	-43,767.89	Ordinary	37,569
3/3/2021	BT Portfolio Services Limited	Sell	-8,000	-9,320.00	Ordinary	8,000
3/3/2021	BT Portfolio Services Limited	Buy	45,569	53,087.89	Ordinary	45,569
4/3/2021	BT Portfolio Services Limited	Sell	-2,474	-2,808.73	Ordinary	2,474
4/3/2021	BT Portfolio Services Limited	Buy	19,096	22,283.12	Ordinary	19,096
4/3/2021	BT Portfolio Services Limited	Sell	-11,399	-13,279.84	Ordinary	11,399
4/3/2021	BT Portfolio Services Limited	Buy	11,399	13,279.84	Ordinary	11,399
5/3/2021	BT Portfolio Services Limited	Buy	17,060	19,996.03	Ordinary	17,060
8/3/2021	BT Portfolio Services Limited	Buy	6,804	7,996.74	Ordinary	6,804
9/3/2021	BT Portfolio Services Limited	Buy	8,893	10,130.02	Ordinary	8,893
9/3/2021	BT Portfolio Services Limited	Buy	17,357	20,083.78	Ordinary	17,357
11/3/2021	BT Portfolio Services Limited	Sell	-2,666	-3,002.98	Ordinary	2,666
11/3/2021	BT Portfolio Services Limited	Buy	1,270	1,496.82	Ordinary	1,270
11/3/2021	BT Portfolio Services Limited	Sell	-4,601	-5,245.14	Ordinary	4,601
11/3/2021	BT Portfolio Services Limited	Sell	-9,907	-11,293.98	Ordinary	9,907
11/3/2021	BT Portfolio Services Limited	Buy	14,508	16,539.12	Ordinary	14,508
15/3/2021	BT Portfolio Services Limited	Buy	18,127	20,701.03	Ordinary	18,127
17/3/2021	BT Portfolio Services Limited	Buy	17,664	20,439.01	Ordinary	17,664
17/3/2021	BT Portfolio Services Limited	Buy	8,815	10,085.24	Ordinary	8,815
17/3/2021	BT Portfolio Services Limited	Buy	8,815	10,046.46	Ordinary	8,815
18/3/2021	BT Portfolio Services Limited	Sell	-8000	-8640	Ordinary	8000
18/3/2021	BT Portfolio Services Limited	Buy	8,000	8,640.00	Ordinary	8,000
18/3/2021	BT Portfolio Services Limited	Buy	37,963	41,000.04	Ordinary	37,963
19/3/2021	BT Portfolio Services Limited	Sell	-37,963	-41,000.04	Ordinary	37,963
20/3/2021	BT Portfolio Services Limited	Sell	-40,000	-44,000.00	Ordinary	40,000
20/3/2021	BT Portfolio Services Limited	Sell	-13,333	-14,666.30	Ordinary	13,333
20/3/2021	BT Portfolio Services Limited	Sell	-6,814	-7,495.40	Ordinary	6,814
20/3/2021	BT Portfolio Services Limited	Sell	-435	-478.50	Ordinary	435
20/3/2021	BT Portfolio Services Limited	Sell	-8,700	-9,570.00	Ordinary	8,700
20/3/2021	BT Portfolio Services Limited	Sell	-11,904	-13,094.40	Ordinary	11,904
20/3/2021	BT Portfolio Services Limited	Sell	-1,307	-1,437.70	Ordinary	1,307
20/3/2021	BT Portfolio Services Limited	Sell	-38,522	-42,374.20	Ordinary	38,522
20/3/2021	BT Portfolio Services Limited	Sell	-13,522	-14,874.20	Ordinary	13,522
20/3/2021	BT Portfolio Services Limited	Sell	-13,333	-14,666.30	Ordinary	13,333
20/3/2021	BT Portfolio Services Limited	Sell	-8,788	-9,666.80	Ordinary	8,788
20/3/2021	BT Portfolio Services Limited	Sell	-21,879	-24,066.90	Ordinary	21,879
20/3/2021	BT Portfolio Services Limited	Sell	-7,760	-8,536.00	Ordinary	7,760
20/3/2021	BT Portfolio Services Limited	Sell	-10,333	-11,366.30	Ordinary	10,333
20/3/2021	BT Portfolio Services Limited	Sell	-5,000	-5,500.00	Ordinary	5,000
20/3/2021	BT Portfolio Services Limited	Sell	-11,666	-12,832.60	Ordinary	11,666
20/3/2021	BT Portfolio Services Limited	Sell	-35,000	-38,500.00	Ordinary	35,000
20/3/2021	BT Portfolio Services Limited	Sell	-10,009	-11,009.90	Ordinary	10,009
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