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ETHERSTACK PLC Major Shareholding Notification 2023

Jan 9, 2023

64877_rns_2023-01-09_e8adfca3-d883-4590-8e2e-7b2cda3f65b2.pdf

Major Shareholding Notification

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604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Etherstack plc ACN/ARSN ARBN 156 640 532 1. Details of substantial holder(1) Name Peter Stephens ACN/ARSN (if applicable) There was a change in the interests of the substantial holder on 31/12/2022 The previous notice was given to the company on 24/12/2020 The previous notice was dated 24/12/2020

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 Previous notice Present notice Present notice
Person’s votes Voting power (5) Person’s votes Voting power (5)
CDIs over fully paid ordinary
shares
17,382,587 13.37% 11,573,161 8.85%

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 are as follows:

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
31/12/2022 Peter Stephens Transfer to
family members
/Reorganisation
as part of estate
planning
nil 7,625,813 CDIs
over fully paid
ordinary shares
7,625,813
14/10/2022 Peter Stephens On Market
Purchase
$ 5,584 12,130 CDIs
over fully paid
ordinary shares
12,130
10/10/2022 Peter Stephens On Market
Purchase
$ 37,841 87,870 CDIs
over fully paid
ordinary shares
87,870
5/04/2022 Peter Stephens On Market
Purchase
$ 35,958 90,119 CDIs
over fully paid
ordinary shares
90,119
4/04/2022 Peter Stephens On Market
Purchase
$ 13,886 40,881 CDIs
over fully paid
ordinary shares
40,881
1/04/2021 Peter Stephens On Market
Purchase
$ 143,855 229,818 CDIs
over fully paid
ordinary shares
229,818
30/03/2021 Peter Stephens On Market
Purchase
$ 40,654 65,246 CDIs
over fully paid
ordinary shares
65,246

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
Peter Stephens HSBC
Nominees
Peter Stephens Indirect ownership 8,992,515 CDIs
over fully paid
ordinary shares
(amended)
8,992,515
(amended)
Peter Stephens Peter
Stephens
Peter Stephens Direct ownership 1,290,323 CDIs
over fully paid
ordinary shares
1,290,323

604 page 2/2 15 July 2001

5. Changes in association

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 andACN/ARSN(ifapplicable) Nature ofassociation
f persons named in this form are as follows:
Name Address
Peter Stephens The Manor House, Ropsley Road, Old Somerby Grantham, Lincs
NG33 4AF, GBR

6. Addresses

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

Signature

Mr Peter Stephens print name

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date 10/ 1 / 2023