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CHALLENGER LIMITED Major Shareholding Notification 2021

Sep 22, 2021

64641_rns_2021-09-22_7e296afe-9f35-4dd6-ac76-7741e63c1900.pdf

Major Shareholding Notification

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Sydney

Level 2, 5 Martin Place Sydney NSW 2000 Australia GPO Box 3698 Sydney NSW 2001 www.challenger.com.au

Telephone 02 9994 7000 Facsimile 02 9994 7777

23 September 2021

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 ~ Steadfast Group Limited (SDF)

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

Yours faithfully

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Linda Matthews Company Secretary

Melbourne Level 19, 31 Queen Street PO Box 297, Flinders Lane, Melbourne VIC 3000 Telephone 02 9994 7000 Facsimile 02 9994 7777 Brisbane Level 6, 215 Adelaide Street GPO Box 3234, Brisbane QLD 4001 Telephone 07 3136 5400 Facsimile 07 3136 5407 Perth Level 26, 140 St Georges Terrace, Perth WA 6000 Telephone 08 6466 9613 Adelaide Level 7, Suite 714, 147 Pirie Street, Adelaide SA 5000 Telephone 08 8427 9511

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

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Form 605

Corporations Act 2001 Section 671B Notice of ceasing to be a substantial holder

To
Company Name/Scheme
Steadfast Group Limited
ACN/ARSN 073 659 677
1. Details of substantial holder (1)
Name Challenger Limited (and its entities listed in Annexure 2)
ACN/ARSN (if applicable) 106 842 371
The holder ceased to be a
substantial holder on 21/09/2021
The previous notice was given to the company on 01/09/2021
The previous notice was dated 01/09/2021

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 Nature of change (4) Consideration given in Class (6) and Person's votes
interest changed relation to change (5) number of affected
securities
affected
Refer Challenger Refer Refer Refer Refer Annexure
Annexure 1 Limited (and its Annexure 1 Annexure 1 Annexure 1 1
entities listed in
Annexure 2)

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:

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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 Level 2, 5 Martin Place, Sydney NSW 2000
listed in Annexure 2)
Signature
print name Linda Matthews Capacity Company Secretary
sign here date 23/09/2021
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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 pages and is referred to in Form 605 signed by me and dated 23/09/2021

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Linda Matthews Company Secretary of Challenger Limited

Transactions: Company Name/Scheme: Steadfast Group Limited (SDF) As at: 21/09/2021 Class of security: Ordinary Fully Paid

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Number of Person's Votes
Date of Change Holder of relevant interest Nature of Change Consideration Securities Affected
Challenger Limited (and its
entities listed in Annexure
31/08/2021 2) Sell 51,285 -14,099 14,099
31/08/2021 [As above] Sell 11,296 -2,266 2,266
31/08/2021 [As above] Sell 17,108 -3,432 3,432
31/08/2021 [As above] Sell 91,986 -18,453 18,453
31/08/2021 [As above] Sell 31,539 -6,327 6,327
31/08/2021 [As above] Sell 48,892 -9,808 9,808
31/08/2021 [As above] Buy 1,086,126 351,747 351,747
31/08/2021 [As above] Sell 12,913 -4,189 4,189
31/08/2021 [As above] Sell 43,683 -8,763 8,763
31/08/2021 [As above] Buy 194,583 39,069 39,069
31/08/2021 [As above] Sell 129,124 -25,903 25,903
31/08/2021 [As above] Sell 22,527 -4,519 4,519
31/08/2021 [As above] Sell 5,892 -1,182 1,182
31/08/2021 [As above] Buy 32,525 6,518 6,518
31/08/2021 [As above] Sell 26,874 -5,391 5,391
31/08/2021 [As above] Sell 42,661 -8,558 8,558
31/08/2021 [As above] Sell 65,302 -13,100 13,100
31/08/2021 [As above] Sell 6,151 -1,234 1,234
31/08/2021 [As above] Buy 12,525 2,510 2,510
31/08/2021 [As above] Sell 14,008 -2,810 2,810
31/08/2021 [As above] Sell 82,425 -16,535 16,535
31/08/2021 [As above] Sell 127,384 -25,554 25,554
31/08/2021 [As above] Sell 176,565 -35,420 35,420
31/08/2021 [As above] Sell 65,242 -13,088 13,088
31/08/2021 [As above] Sell 57,481 -11,531 11,531
31/08/2021 [As above] Sell 46,140 -9,256 9,256
31/08/2021 [As above] Sell 293,880 -58,954 58,954
31/08/2021 [As above] Sell 32,168 -6,453 6,453
31/08/2021 [As above] Sell 7,238 -1,452 1,452
31/08/2021 [As above] Sell 72,894 -14,623 14,623
31/08/2021 [As above] Buy 267,714 53,649 53,649
01/09/2021 [As above] Buy 583,555 190,000 190,000
03/09/2021 [As above] Sell 58,387 -16,028 16,028
03/09/2021 [As above] Sell 12,671 -2,576 2,576
03/09/2021 [As above] Sell 19,188 -3,901 3,901
03/09/2021 [As above] Sell 103,180 -20,977 20,977
03/09/2021 [As above] Sell 35,375 -7,192 7,192
03/09/2021 [As above] Sell 54,839 -11,149 11,149
03/09/2021 [As above] Sell 14,618 -4,763 4,763
03/09/2021 [As above] Sell 48,995 -9,961 9,961
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Page 1 of 3

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Number of Person's Votes
Date of Change Holder of relevant interest Nature of Change Consideration Securities Affected
03/09/2021 [As above] Sell 144,836 -29,446 29,446
03/09/2021 [As above] Sell 25,267 -5,137 5,137
03/09/2021 [As above] Sell 6,611 -1,344 1,344
03/09/2021 [As above] Sell 30,142 -6,128 6,128
03/09/2021 [As above] Sell 47,854 -9,729 9,729
03/09/2021 [As above] Sell 73,249 -14,892 14,892
03/09/2021 [As above] Sell 6,901 -1,403 1,403
03/09/2021 [As above] Sell 15,715 -3,195 3,195
03/09/2021 [As above] Sell 92,457 -18,797 18,797
03/09/2021 [As above] Sell 142,883 -29,049 29,049
03/09/2021 [As above] Sell 198,051 -40,265 40,265
03/09/2021 [As above] Sell 73,180 -14,878 14,878
03/09/2021 [As above] Sell 64,479 -13,109 13,109
03/09/2021 [As above] Sell 51,755 -10,522 10,522
03/09/2021 [As above] Sell 329,632 -67,016 67,016
03/09/2021 [As above] Sell 36,079 -7,335 7,335
03/09/2021 [As above] Sell 8,121 -1,651 1,651
03/09/2021 [As above] Sell 81,764 -16,623 16,623
06/09/2021 [As above] Sell 67,618 -18,435 18,435
06/09/2021 [As above] Sell 14,597 -2,962 2,962
06/09/2021 [As above] Sell 22,107 -4,486 4,486
06/09/2021 [As above] Sell 118,903 -24,128 24,128
06/09/2021 [As above] Sell 40,764 -8,272 8,272
06/09/2021 [As above] Sell 63,192 -12,823 12,823
06/09/2021 [As above] Sell 16,910 -5,478 5,478
06/09/2021 [As above] Sell 56,460 -11,457 11,457
06/09/2021 [As above] Sell 166,902 -33,868 33,868
06/09/2021 [As above] Sell 29,115 -5,908 5,908
06/09/2021 [As above] Sell 7,619 -1,546 1,546
06/09/2021 [As above] Sell 34,737 -7,049 7,049
06/09/2021 [As above] Sell 55,144 -11,190 11,190
06/09/2021 [As above] Sell 84,412 -17,129 17,129
06/09/2021 [As above] Sell 7,954 -1,614 1,614
06/09/2021 [As above] Sell 18,110 -3,675 3,675
06/09/2021 [As above] Sell 106,543 -21,620 21,620
06/09/2021 [As above] Sell 164,654 -33,412 33,412
06/09/2021 [As above] Sell 228,226 -46,312 46,312
06/09/2021 [As above] Sell 84,333 -17,113 17,113
06/09/2021 [As above] Sell 74,299 -15,077 15,077
06/09/2021 [As above] Sell 59,639 -12,102 12,102
06/09/2021 [As above] Sell 379,845 -77,079 77,079
06/09/2021 [As above] Sell 41,578 -8,437 8,437
06/09/2021 [As above] Sell 9,353 -1,898 1,898
06/09/2021 [As above] Sell 94,223 -19,120 19,120
07/09/2021 [As above] Buy 106,895 21,847 21,847
08/09/2021 [As above] Sell 85,078 -23,567 23,567
08/09/2021 [As above] Sell 18,515 -3,787 3,787
08/09/2021 [As above] Sell 28,043 -5,736 5,736
08/09/2021 [As above] Sell 150,796 -30,844 30,844
08/09/2021 [As above] Sell 51,696 -10,574 10,574
08/09/2021 [As above] Sell 80,145 -16,393 16,393
08/09/2021 [As above] Sell 21,337 -7,002 7,002
08/09/2021 [As above] Sell 71,604 -14,646 14,646
08/09/2021 [As above] Sell 211,679 -43,297 43,297
08/09/2021 [As above] Sell 36,922 -7,552 7,552
08/09/2021 [As above] Sell 9,661 -1,976 1,976
08/09/2021 [As above] Sell 44,055 -9,011 9,011
08/09/2021 [As above] Sell 69,937 -14,305 14,305
08/09/2021 [As above] Sell 107,059 -21,898 21,898
08/09/2021 [As above] Sell 10,086 -2,063 2,063
08/09/2021 [As above] Sell 22,964 -4,697 4,697
08/09/2021 [As above] Sell 135,122 -27,638 27,638
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Page 2 of 3

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Number of Person's Votes
Date of Change Holder of relevant interest Nature of Change Consideration Securities Affected
08/09/2021 [As above] Sell 208,824 -42,713 42,713
08/09/2021 [As above] Buy 92,879 19,026 19,026
08/09/2021 [As above] Sell 289,448 -59,204 59,204
08/09/2021 [As above] Sell 106,957 -21,877 21,877
08/09/2021 [As above] Sell 94,231 -19,274 19,274
08/09/2021 [As above] Sell 75,633 -15,470 15,470
08/09/2021 [As above] Sell 481,791 -98,546 98,546
08/09/2021 [As above] Sell 52,733 -10,786 10,786
08/09/2021 [As above] Sell 11,866 -2,427 2,427
08/09/2021 As above Sell 119,497 - 24,442 24,442
14/09/2021 As above Buy 218,860 45,234 45,234
17/09/2021 As above Sell 65,783 - 13,579 13,579
17/09/2021 As above Buy 37,249 7,728 7,728
17/09/2021 As above Buy 51,699 10,726 10,726
17/09/2021 As above Buy 80,354 16,671 16,671
17/09/2021 As above Buy 20,721 4,299 4,299
17/09/2021 As above Buy 441,016 91,497 91,497
-
Total Number of Securities -804,939
-
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Page 3 of 3

Annexure 2

This is page 1 of 4 of Annexure 2 referred to in ASIC Form 605 - ceasing to be a substantial holder holder

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Linda Matthews - Company Secretary of Challenger Limited 23/09/2021

Company Name ACN / Country of
Company Number Incorporation
Challenger Limited 106842371 Australia
255 Finance Group Pty Ltd 628853056 Australia
255 Finance Investments Pty Ltd 164516401 Australia
255 Finance Pty Ltd 168112507 Australia
255 Finance Services Pty Ltd 168107355 Australia
Accurium Holdings Pty Ltd 158242936 Australia
Accurium Pty Ltd 009492219 Australia
Alphinity Investment Management Pty Ltd 140833709 Australia
Appia Europe Limited 6490323 United Kingdom
Appia Group Limited 99865 Jersey
Ardea Investment Management Pty Ltd 132902722 Australia
Ares Australia Management Pty Limited 636490732 Australia
Assetsecure Pty. Limited 110953618 Australia
Bentham Asset Management Pty Ltd 140833674 Australia
CDPG Australia Pty Limited 124498095 Australia
CDPG Luxembourg Holdings Sarl B127717 Luxembourg
CDPG Luxembourg II S.a.r.l B127580 Luxembourg
CDPG Luxembourg Sarl B127515 Luxembourg
CDPG Malta Limited C41110 Malta
Cescade Pty Limited 096097399 Australia
Challenger Direct Pty Ltd 006475501 Australia
Challenger Diversified Property Development Pty Limited 121624833 Australia
Challenger Emerging Market Infrastructure Fund Pte. Ltd 200804361D Singapore
Challenger Emerging Market Infrastructure Fund, L.P. Cayman Islands
Challenger Financial Services Pty Limited 087464131 Australia
Challenger FM 2 Holdings Pty Limited 080036657 Australia
Challenger Funds Management (Asia) Pte Ltd 202113533D Singapore
Challenger Funds Management Holdings Pty Limited 107728030 Australia
Challenger Group Holdings Limited 002993302 Australia
Challenger Group Pty Limited 003374196 Australia
Challenger Group Services Pty. Ltd. 085657307 Australia
Challenger Holdco1 Holdings Pty Ltd 645868659 Australia
Challenger Holdco2 Holdings Pty Ltd 646761275 Australia
Challenger Home Loan Corporation Pty Ltd 058891302 Australia
Challenger Inventory Finance Servicing Pty Limited 107706810 Australia
Challenger Investment Partners Limited 092382842 Australia
Challenger Investment Solutions Management Pty Ltd 130035353 Australia
Challenger Japan Holdings Kabushiki Kaisha 0100-01-182399 Japan
Challenger Japan Holdings Pty Limited 617208205 Australia
Challenger Japan Kabushiki Kaisha 0100-01-182920 Unknown

Annexure 2

This is page 2 of 4 of Annexure 2 referred to in ASIC Form 605 - ceasing to be a substantial holder holder

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Linda Matthews - Company Secretary of Challenger Limited 23/09/2021

Company Name ACN / Country of
Company Number Incorporation
Challenger Kabushiki Kaisha 0100-01-182872 Unknown
Challenger LBC Terminals Holding Company Limited C41149 Malta
Challenger Life CDI Nominees Pty Ltd 055293644 Australia
Challenger Life Company Holdings Pty Ltd 006381193 Australia
Challenger Life Company Limited 072486938 Australia
Challenger Life Debt Investments (Europe) Limited 7626067 United Kingdom
Challenger Life Fund Property Investments Pty Ltd 161212693 Australia
Challenger Life Investments UK Limited 6067787 United Kingdom
Challenger Life Nominees No.2 Pty Ltd 078627013 Australia
Challenger Life Nominees No.3 Pty Limited 151482147 Australia
Challenger Life Nominees Pty Ltd 091336793 Australia
Challenger Life Subsidiary Holdings Pty Limited 099742122 Australia
Challenger Managed Investments (International) Pty Limited 120871212 Australia
Challenger Management Services (UK) Limited 6393787 United Kingdom
Challenger Margin Lending Pty Ltd 091338822 Australia
Challenger MBK Emerging Market Infrastructure Fund GP Ltd WK-209744 Cayman Islands
Challenger Mortgage Management Pty Ltd 087271109 Australia
Challenger Non-conforming Finance Pty Ltd 107725486 Australia
Challenger Originator Finance Pty Ltd 095085466 Australia
Challenger Property Asset Management Pty Ltd 077569021 Australia
Challenger Retirement and Investment Services Limited 115534453 Australia
Challenger Securitisation Management Pty Ltd 100346898 Australia
Challenger Skybridge (Group) Holding Company Pty Ltd 130888327 Australia
Challenger Skybridge (Hastings) Holding Company Pty Ltd 130888274 Australia
Challenger Special Servicing Pty Ltd 107707415 Australia
Challenger Treasury Limited 093307996 Australia
Challenger Wholesale Finance Holdings Pty Limited 087284240 Australia
Challenger Wind Holdings Pty Limited 151496061 Australia
CLS US Holdings, LLC 5302598 United States
CPHIC Investments Pty Ltd 093340526 Australia
CSPP1 Maitland Pty Ltd 122460968 Australia
CSPP1 Mavis Court Pty Ltd 122461983 Australia
Eiger Capital Pty Limited 631838607 Australia
Fidante Partners (Guernsey) Limited 40288 Guernsey
Fidante Partners AAM Holdings Pty Limited 636490189 Australia
Fidante Partners Alphinity Holdings Pty Ltd 140716016 Australia
Fidante Partners Ardea Holdings Pty Ltd 133865853 Australia
Fidante Partners Arete Holdings Pty Ltd 143836373 Australia
Fidante Partners Avenir Capital Holdings Pty Ltd 616504502 Australia
Fidante Partners Bentham Holdings Pty Ltd 140715573 Australia
Fidante Partners Eiger Holdings Pty Limited 631837360 Australia
Fidante Partners Europe Limited 4040660 United Kingdom
Fidante Partners FME Holdings Limited 11410594 United Kingdom

Annexure 2

This is page 3 of 4 of Annexure 2 referred to in ASIC Form 605 - ceasing to be a substantial holder

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Linda Matthews - Company Secretary of Challenger Limited 23/09/2021

Company Name ACN / Country of
Company Number Incorporation
Fidante Partners Holdings (Guernsey) Limited 43315 Guernsey
Fidante Partners Holdings Europe Limited 6172534 United Kingdom
Fidante Partners Holdings Pty Limited 123318650 Australia
Fidante Partners Kapstream Holdings Pty Limited 123319460 Australia
Fidante Partners Latigo Holdings LLC 5651705 Unknown
Fidante Partners Lennox Holdings Pty Limited 616975565 Australia
Fidante Partners Limited 002835592 Australia
Fidante Partners Merlon Holdings Pty Ltd 140715662 Australia
Fidante Partners Metisq Holdings Pty Ltd 143376961 Australia
Fidante Partners Novaport Holdings Pty Ltd 140715797 Australia
Fidante Partners Ox Holdings Pty Ltd 649174087 Australia
Fidante Partners R&M Holdings Pty Limited 152375436 Australia
Fidante Partners Services Limited 119605373 Australia
Fidante Partners Tempo Holdings Pty Ltd 167321262 Australia
Fidante Partners USA LLC 81-4925448 United States
Fidante Partners Wavestone Holdings Pty Limited 133626276 Australia
Fidante Partners Whitehelm Holdings Pty Ltd 169043903 Australia
Fidante Partners Wyetree Limited 9387239 United Kingdom
Gasvalpo S.A. 96.960.800-6 Chile
Greencape Capital Pty Ltd 120328529 Australia
GV Cayman Company Limited OG-206918 Cayman Islands
GV Chile Holding Limitada 124311723611675 Chile
GV Chile Limitada 124301725311696 Chile
GV Jersey Holding Company Limited 100293 Jersey
GV Jersey Trustee Company Limited 100294 Jersey
GV Jersey Trustee Company No. 2 Limited 100367 Jersey
Howard Commercial Lending Pty Ltd 000033143 Australia
Kudu Investment Partners I, Lp 47-2497501 Unknown
Lanv Pty Ltd 147224502 Australia
Lease Collateral No.2 Pty Ltd 168112481 Australia
Lease Collateral Pty Ltd 168112472 Australia
Lease Funding Management Pty Ltd 168112490 Australia
Lennox Capital Partners Pty Limited 617001966 Australia
Maitland Nominee Holdings Pty Limited 122853114 Australia
Mawbury Pty Limited 096097479 Australia
Merlon Capital Partners Pty Ltd 140833683 Australia
Metisq Capital Holdings Pty Ltd 158011351 Australia
Metisq Capital Pty Ltd 104642613 Australia
MIR Libra Capital Management Ltd 236748 Cayman Islands
MyLifeMyFinance Limited 087651750 Australia

Annexure 2

This is page 4 of 4 of Annexure 2 referred to in ASIC Form 605 - ceasing to be a substantial holder holder

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Linda Matthews - Company Secretary of Challenger Limited

23/09/2021

Company Name ACN / Country of
Company Number Incorporation
Novaport Capital Pty Ltd 140833656 Australia
Oaklands Hill Pty Ltd 149814559 Australia
Oaklands Hill Wind Farm Pty Ltd 126595935 Australia
Offshore Reinsurer (Bermuda) Company Limited 51746 Bermuda
Ox Capital Management Pty Ltd 648887914 Australia
Residential Real Estate Total Return Opportunities Fund Ltd. 212456 Cayman Islands
Residential Real Estate Total Return Opportunities Master Fund L.P27263 Cayman Islands
Sabrand Limited 126677 Cyprus
The Liberty Group Consortium Pty Ltd 082564289 Australia
TLG Services Pty Limited 092500608 Australia
TLGH Pty Limited 092927467 Australia
TRE Data Centres Canberra Pty Ltd 141881227 Australia
US LLC Holdings Pty Ltd 130888292 Australia
US LLC Investments LLC 36-4811214 Unknown
Waterford County Pty Limited 122853089 Australia
Wavestone Capital Pty Limited 120179419 Australia
Welcome Break Group Limited 3147949 United Kingdom
Welcome Break Holdings (1) Limited 4099287 United Kingdom
Welcome Break Holdings (2) Limited 4379574 United Kingdom
Welcome Break Holdings Limited 3290817 Cayman Islands
Welcome Break Limited 1735476 United Kingdom
Welcome Break No.1 Limited 8331837 United Kingdom
Welcome Break No.2 Limited 8331870 United Kingdom
Welcome Break Services Limited 4099292 United Kingdom
Whitehelm Capital Pty Ltd 008636717 Australia