Vocus : Becoming a substantial holder from NAB

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

VOC

To:Company Name/Scheme The Secretary

Vocus Group Limited

Level 10

452 Flinders Lane

Melbourne VIC 3000

PH: [phone]

Fax: [phone]

ACN

1. Details of substantial shareholder

Name

ACN (if applicable)

084 115 499

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

The holder became a substantial holder on 16/03/2021

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	32,587,897	32,587,897	5.246%
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	5,330,398
	managed investment schemes and trusts
Antares Capital Partners Limited	Power to control the voting and /or disposal of	Fully paid ordinary
	securities pursuant to its position as the	shares
	responsible entity, investment manager or	4,537,944
	trustee of various managed investment
	schemes or 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	243,555
	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.	6,599,000
National Australia Bank Limited	Power to control the voting and /or disposal of	Fully paid ordinary
	securities pursuant to securities lending	shares
	agreements.	15,877,000
	TOTAL	32,587,897

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)		5,330,398
Antares Capital Partners	National Nominees Limited		Fully paid ordinary shares
Limited	(ACN 004 278 899)		4,537,944
NULIS Nominees (Australia)	NULIS Nominees (Australia) Limited		Fully paid ordinary shares
Limited	(ACN 008 515 633)		243,555
National Australia Bank	National Nominees Limited		Fully paid ordinary shares
Limited	(ACN 004 278 899)		6,599,000
National Australia Bank	National Nominees Limited		Fully paid ordinary shares
Limited	(ACN 004 278 899)		15,877,000
		TOTAL	32,587,897

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	16/03/2021	$89,070.83		16,363
Antares Capital Partners	16/03/2021	$680,270.68		124,971
Limited
National Australia Bank	15/03/2021 to 16/03/2021	No consideration directly
referable to the securities		Refer to Appendix 1 Table
Limited	- Securities Lending
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.
Antares Capital Partners Limited	Antares Capital Partners 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
Antares Capital Partners Limited	Ground Floor
	105-153 Miller Street
	NORTH SYDNEY NSW 2060
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 19/03/2021

Appendix 1 -	VOC
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
		ELECTRICITY SUPPLY INDUSTRY SUPERANNUATION
	(xi)	(QLD) LTD	( c )	MACQUARIE BANK LTD
	(xv)	TASPLAN PTY LTD	( f )	CREDIT SUISSE
	15/3/2021 to 16/3/2021	15/3/2021 to 16/3/2021
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
	reference in the 'Type of agreement and parties to agreement' field to	number reference in the 'Type of agreement and parties to
	the accompanying list of transactions.	agreement' field to 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-	VOC
			No. of		AMSLA
Date	Nature of Change Consideration	Securities	Class	Counterparty
15/03/2021	Settle Sec Loan		429000	ORD	( f )
15/03/2021	Collateral Return Security	-312000	ORD	( c )
16/03/2021	Collateral Settle Sec Loan	2000000	ORD	( b )