Credit Clear : Change in substantial holding

9 February 2022

ASX Announcement

onlyNotice of change of interests of substantial holder Credit Clear Limited (ASX:CCR)

Dear Sir/Madam,

The attached Form 604 Notice of change of interests of substantial holder dated 9 February 2022, is lodged in accordance with section 671B of the Corporations Act 2001 (Cth) (Corporations Act), and relates to a change in relevant interests acquired by CCR under new voluntary escrow arrangements.

use	current aggregate relevant interest in its shares is now 33.7%.

As disclosed on 16 December 2021 CCR has issued 45,789,661 shares to the vendors of ARMA

Group Holdings Pty Ltd (ACN 627 261 161), NZ Recoveries Limited (ARBN 649 747 786) and

Force Legal Pty Limited (ACN 604 310 616). Those shares were issued subject to voluntary personalescrow arrangements under which the shareholders have undertaken to CCR not to sell those

shares until 07 February 2023. As a consequence CCR has acquired a relevant interest in 45,789,661 shares and has increased its previous relevant interests by 10.5%.

As noted in most recent substantial holder notification, on 01 February 2022, CCR already

had a relevant interest in 67,308,776 shares (a 23.2% interest in the current register) relating to hares subject to ASX mandatory escrow under its initial public offer in October 2020). Those escrow arrangements were subject to Class Order 13/520 and, while relevant for substantial holder disclosure, are not subject to the takeover provisions of Chapter 6 of the Corporations Act.

This ASX announcement was approved and authorised for release by the Board of Credit Clear.

Investor and Media Enquiries

ForWarrick Lace

[e-mail][phone]

Credit Clear Limited	W: creditclear.com.au	ABN: 48604797033
Level 4, 6 Riverside Quay	E: [e-mail]	ACN:604797033	1
Southbank VIC 3006	P: 1300 909 934	ASX Code: CCR

604 Page 1 of 2 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

For personal use only

ToCompany Name/Scheme	Credit Clear Limited
ACN/ARSN	604	797	033
1. Details of substantial holder (1)
Name	Credit Clear Limited
ACN/ARSN (if applicable)	604	797	033

There was a change in the interests of the	07/02/2021
substantial holder on
The previous notice was given to the company on	01/02/2022
The previous notice was dated	01/02/2022

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		Present notice
	votes	Voting power (5)	votes	Voting power (5)
Fully paid ordinary	67,308,776	23.2%	113,098,437	33.7%
shares

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:

Date of	Person whose	Nature of change (6)	Consideration given in	Class and number	Person's votes
change	relevant interest		relation to change (7)	of securities	affected
	changed			affected
03/02/2022	Credit Clear Limited Restriction on the disposal	$Nil	45,789,661 fully paid	45,789,661
		of shares under voluntary		ordinary shares
		escrow arrangements in
		relation to the acquisition
		of ARMA Group Holdings

(please see Appendix for the Form of the Restriction Agreement).

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

	Holder of	Registered holder of	Person entitled to be	Nature of relevant	Class and	Person's
	relevant	securities	registered as holder	interest (6)	number of	votes
	interest		(8)		securities
	Credit Clear	Please see Appendix 1	Please see Appendix 1	Restriction on disposal of	45,789,661 fully paid	45,789,661
	Limited	for the details of the	for the details of the	shares under voluntary	ordinary shares
		registered holders of	registered holders of	escrow arrangements
		voluntary escrow	voluntary escrow	pursuant to restriction
		shares	shares	agreements (the form of
				which is appended in
				Appendix 2) entered into
				with relevant holders which
				give Credit Clear Limited a

604 Page 2 of 2 15 July 2001

deemed relevant interest in its own securities under section 608(1)(c) of the Corporations Act. However, Credit Clear Limited has no right to acquire these shares, or control the exercise of, a right to vote attached to these shares

For personal use only

604 Page 3 of 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 and ACN/ARSN (if applicable) Nature of association

onlyuse

personal(1)

(2)

(3)

(4)

(5)

(6)

For(7)

N/A	N/A

6. Addresses

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

Name	Address
Credit Clear Limited	Level 4, 6 Riverside Quay, Southbank VIC 3006
Please see Appendix 1 for the address
details for registered holders of voluntary
escrow shares

Signature

print name	capacity
sign here
date	/	/

DIRECTIONS

If there are a 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 6 of the form.

See the definition of "associate" in section 9 of the Corporations Act 2001.

See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

The voting shares of a company constitute one class unless divided into separate classes.

The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

Include details of:

1. 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
2. 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.

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 relationto the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

1. If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
2. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

1.

2.

only3.

4.

5.

6.

7.

8.

use9. personalFor

604 Page 4 of 2 15 July 2001

APPENDIX 1

Holding Name		Address	Shares
			(ORD)
Shane Matthew Ashton		Unit 7, 33 Hamilton Street, Rose	191,013
		Bay, NSW 2029
Andrew Kevin John Smith			286,519
		NSW 2217
Rochelle Hallasso		34 Blaxland Drive, Illawong,	292,480
		NSW 2234
Joanne Mannah		62 Beauchamp Street, Wiley	292,480
		Park, NSW 2195
DVJ Investments Pty Ltd ACN 628 068 075 as trustee for the		c/- Suite 25, 19 Bolton Street,	1,578,500
D&V Jovanov Family Trust		Newcastle, NSW 2300
ES & JAS Enterprises Pty Limited ACN 614 534 815 as		c/- Suite 25, 19 Bolton Street,	1,710,340
trustee for the ES & JAS Enterprises Discretionary Trust		Newcastle, NSW 2300
Pierre Joseph Safi		51 Ascot Drive, Chipping Norton,	3,786,506
		NSW 2170
SMA Invest Pty Ltd ACN 647 630 500 as trustee for the		c/- Suite 25, 19 Bolton Street,	16,896,434
SADA Trust		Newcastle, NSW 2300
ASJS & Associates Pty. Ltd. ACN 607 298 644 as trustee for		c/- Suite 25, 19 Bolton Street,	20,755,389
the ASJS Family Trust		Newcastle, NSW 2300