Advanced Braking Technology : Ceasing to be and Becoming a substantial holder

201 7 / 03 / 08 1 4:38: 55 / 7

8 March 2017 Fax

To

Dear Sir I Madam

From We act Jo,·Cashel Capilal Partners Fund I Pte Ltd (Cashel) and venous associated and

1. 1t?dcii1 : Lav.i y't t"; :ty

   Ltd, .11icha1 1! Trui:!iGVEi

   interested companies.

   Re1 11 n;:pect cl f.,dvanced Brak,ng Technology Um,tecl (A,X:AB/), please !ind a!tach, d tl1Ei lollo•Nirn,do, urrn,nt;::

   ot Sub:tant:ai l-{oiclin9

   a:·:c F:onn t303 --· roticE:

   Br::kinq Tecf1nok:iqy Li:Ylii,:id (iSX JBl )

   Fa)(

   1300 135 63$

   Pages

2. ASIC lorm 603 · notice ol initial substantial holder from Jengus Holdings Pty Ud in its capacity as both thi,lrustee ol tlw Jengus Holdings Discwlionary Trust and the J;,rn,us Supi ranr:uat:on Fund; and

3. ASIC lcnn 605 ... not:ce o1 was,ng to be a substantial l10lder lrom Ca;:lie!.

We are ,nstructed Iha! these were nol lilecl 'Nh

A copy of these notices have been pwvided to Advanced Braking Technology Limited. Yours faithfully,

Michael Tn;elove Director

Reddie Lawyers Piy Ltd

Reddie Lawyers Pty Ltd

• r' r._v.}_J",J· in.. I(. wv) 0.rs

Form 605

COIJ)Ol'8tions Act 2001

Section 6718

Notice of ceasing to be a substantial holder

I2.._ Company Name/Scheme ADVANCED BRAKING TECHNOLOGY LIMITED ACN/ARSN 099 107 623

1. Details of substantial holder(1)

Name CASHEL CAPITAL PARTNERS FUND 1 PTE LTD

ACN/ARSN (If appllcae) (Singaporean Company Ncmbef 201317390E)

There was a change In the Interests of the substantial holder co	01/03/2017
The previous notice was giVen to the oompany on	24/08/2016
The previous nollce was dated	24/02/2016

2. Changes in relevant Interests

Particulars of each change In, or change in the nail.re of, a relevllllinterest of the substantial holder or "'associate In volilg secllilles of the oompany or scheme, since the

substantial holder was last required to rj,le a substantial holding notice to the canpany or scheme are as follows:

Date of chana	Person whose relevant Interest changed	Nature of change (6)	Consider, tion giVen in ,.,,l,,.titv,	Class and ·n-cm·bef of	Persoo's voles ·"-'""
7/12/2016	Cashel Capital Partners Fund 1 Ply Lid	Off market share transfer	$451,691.94	Ord 64,527,420	64,527,420
31/01/2017	Cashel Capital Partners Fund 1 Ply Ltd	On market sale	$121,774.86	Ord 17,396,408	17,396,408
01/02/2017	Cashel Capital Partners Fund 1 Ply Ltd	On market sale	$81,225.14	Ord 11,603,592	11,603,592
02/02/2017	Cashel Capital Partners Fund 1 Ply Lid	On market sale	$59,500.00	Ord 8,500,000	8,500,000
03/02/2017	Cashel Capital Partners Fund 1 Ply Ltd	On market sale	$31,500.00	Ord 4,500,000	4,500,000
01/03/2017	Cashel Capital Partners Fund 1 Ply Ltd	On market sale	$3,466.66	Ord 495,237	495,237
02/03/2017	Cashel Capital Partners Fund 1 pty Ltd	On market sale	$1,200.00	Ord 171,428	171,428
1/3/2017	Cashel Capltal Partners Fund 1 Ply Ltd	Off market share transfer	$685,613.65	Ord 114,268,941	114,268,941

3. Changes In assoaation

The persons who have become associates (2) of, ceased to be associates of, er have changed the nature of fueir assocation (9)wilh, the substantial holder In relation to voting interests In the oompany or scheme are as fi>lows:

NIA

Name arNature of associatioo

4. Addresses

The addresses of persons named fn this fo:m are as follows:

----------------- ---------- ·-------------,

rame Address

Cashel Capita! Partners Fund1 rte Ltd

'i

60 Robinso/'1 Road, #17-01, SBF Center, Singapore 068914, Slngapofe--1

--------------+---·-----------------------,

.------·----------------+-----------------------------------1

l

Signature

print name Angus Mason

r,apaci!y

Director

sign here date &'3/2017

DIRECTIONS

i1) tf ihere are a numb.er of substar.Ha! ho!ders with simitar or related re!evanl interests (eg. a corporation and i'l related corporatim1s, or the manager and trustee of an equity trust}, the riame::.wukl be. included in an annexl.ire to the form. ,;f the re!e.,..anl .iriterr.sts of a group of pers11ns are essenW:!.t,, s,Wi,tar, !hey may bereferred to throughout the farm as a speif the membership of each group, wllh the names and addresses of members is clearly set out in paragraph fi of the form_

(2) See.the detiniilon of '1associ:ale° iii se.ction 9 of the Corpoictions Ai:;t 2001

{'3) See: the definition of ''reievant interest' h1 sectlo11s 608 and 67 8(7) of the Corporations Act 2001.

1. The voUng shares of a company co11st1tute one cfass i.;niess divided into separate classes.

2. 'fhe person's votes di'lded b/ the totai vo1€.s il'l the bo'r.ly Corpoi"ale or' scheme multiplied by 100.

(6i Include d€ta1ls of:

(al any reievar.l- agreeme11t or :Jiner circumsta1:ces becalJS!; of whict: the change in relevant iriterest occuired. !f subs.ecticn 6716(4} applies: a copy of any documerit sernng nut the terms of any reievcint agreement, and a sta!ement by the person giving full and accurate details of ar.y con!ract. scheme er arrangement, must accompany this form, together with a v,ritten staten1ent certifying this ccntract, scheme or arrangement; and

th) or.y qu_alficafain c,f t'1e 1,10,.,-er of a per.;c,, !o exercl;e, ·control. ttrn·exerclse of, o.r influence the exerc;se Df, the votir;9 POW€rs ot disposal of ti1e securities to which the relevant interest re!atBS (indicating clearly the particular securlties to which the qualif:c3tion apptteS).

See the deijnition of "retevanl agreement" :n section 9 of the Corporations Act 20(11,

1. Details of the consideration must fr.dude. any ar.d ali benems. money a:1d oths:r, it:at ahy petso:ifrom whom a re!evanl !ntt:rest was acquired has, or may, becc,m'e

   entUled to receive in relation to that acquisition. Details rnust be included even IT U1B benefit is conmust be included of any benefit paid on behaff of !l1e substantia! ho!der or its associate in relationlo the acquislUoris, even if tht1Y are not paid directly to the pe!30n from whom

   the relevant interest was acqutfed,

2. ]f he substan!iai holder fs unable tc, determine !he identity of the per&OO (eg. if the relevant inlere::l arises because of an option) write "unknown·•_

{9i Give details, if appropriate, of tne present association and any change in !hat association since Irie last substanUa! holding notice.

To: Company Name/Scheme

Form 603

Corporatloll1! Act 2001

Section 6718

Notice of initial substantial holder

Advanced Brakrn Teohnoloov Limited

603 page112 15 Ju 2001

ACNIARSN 099107 623

1,Details of substantial holder (1)

NameJengus Hold1111s Ply Ltd (Jengus Holdings) in its capacity as lruslee for the Jengus Holdings Discretionary Trust (Jengus Discretionary Trust) and in its capacity as lrustee for the Jengus Superannuation Fund (Jengus Superannuation Fund)

ACNIARSN (rr applicable) ACN 166 672 742

The hokier became a substantial holder on 01 03 2017

2. Details of voting power

The tutaf number of votes allached to all the voting shares in the co1T4>any or voting interests in the scheme that the substantial holder or an associate (2) had a relevant Interest (3) In on the date the substantial holder became a substantial holder ore es folk>ws:

Ful

Number of securities Person's votes 5

178,796,361 178,796,361

8.13%

nt interests levant interest the substa,dal holder or an associate had in the following voting securities on lhe date the substantial holder became a substantial follows
Holder of releVant interest	Nature of evant Interest m	Class and number of securities
Jengus Discretionary Trust	Relevant Interest under section 608(1) of the Corporations Act 2001 (Clh) (Corporations Act) by having the power to dispose of, or oonbi;ling the exetcise of a power to dispose of, the securities	114,268,941
Jengus Superannuation Fund	Relevant interest under section 608(1) of the Corporations Acl2001 (Clh) (Corporations Act) by having the power to dispose of, or conbi;llng the exepower to dispose of, the securtties	64,527,420
nt regtenad holdera red as holders of the securities referred to In paragraph 3 above are as follows: a for each vant interest referred to ilparagraph 3 above, and acquired In the foor month s prior to the day that the substantial holder becarre Is as folk>ws:

1. Details of ..1eva

   The nature of the re

   holder are as

2. Details of pres. The persons regislll

Holders of relevant interest	Regotered holder of Securities	Person entitied to be regotered as a holder (8)	Class and number of securities
Jenaus Discretionary Trust	Jengus Holdngs	Jenaus Holdngs	114,268,941
Jengus Superannuation	Jengus Ho1d1111s	Jengus Holdngs	64,527,420
Fund

5. Consideration

The consideration p a substantial holder

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