Change in substantial holding

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme The Agency Group Australia Ltd (Company)

ACN/ARSN 118 913 232

1. Details of substantial holder (1)

Name Magnolia Equities III Pty Limited on its own behalf and on behalf of each other substantial shareholder as set out in Annexure 1 ACN/ARSN (if applicable) As set out in Annexure 1

There was a change in the interests of the substantial holder on 28/1/2021 The previous notice was given to the company on 17/12/2020 The previous notice was dated 17/12/2020

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 Present notice

Person’s votes Voting power (5) Person’s votes Voting power (5)

Ordinary Shares 49,763,017 16.65% 49,763,017 11.61%

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 Class and number of Person’s votes change relevant interest given in relation securities affected affected changed to change (7)

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 Person entitled to be Nature of relevant Class and number Person’s votes relevant of securities registered as holder interest (6) of securities interest (8) As set out in Annexure 1

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 Nil

6. Addresses

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

Name Address As set out in Annexure 1 C/- Magnolia Capital Group, Shop 2, 80 Terrigal Esplanade, Terrigal NSW 2260

Signature print name Mitchell Atkins capacity Beneficial Owner

sign here date 15/02/2021

DIRECTIONS

(1) 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.

(2) See the definition of “associate” in section 9 of the Corporations Act 2001.

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

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

(5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

(6) 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

604 Page 3 of 3 15 July 2001

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.

(7) 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.

(8) 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”.

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

604 Page 3 of 3 15 July 2001 Annexure 1

This is the annexure of 3 pages marked “Annexure 1” mentioned in the Form 604 signed by me and dated 15 February 2021

…………………………………………….. Mitchell Atkins Director Magnolia Equities III Pty Limited

1. Registered Holder of all shares – relevant interest under s.608(1)(a)

Magnolia Equities III Pty Limited ACN 634 968 657

2. Persons who control registered holder – relevant interest under s.608(3)(b)

Magnolia Direct Investments Pty Limited ACN 633 290 767 Magnolia Capital Group Pty Limited ACN 632 528 762 MC Investments (Aus) Pty Limited ACN 610 379 167 Camilla Overgaard Mitchell Atkins

3. Persons whose associates include one or more person specified in para 2 – relevant interest under s.608(3)(a)

Each company whose ultimate shareholders and controllers are either or both of Mitchell Atkins and Camilla Overgaard. As at the date of this notice these companies include the following:

Name CAN 1. MC SUPERFUND AUSTRALIA PTY LTD 615 498 872 2. MAGNOLIA FINANCIAL PTY LTD 619 123 447 3. MC CONSULTING (AUS) PTY LTD 610 378 044 4. MAGNOLIA CAPITAL HOLDINGS PTY LTD 621 549 755 5. MAGNOLIA CAPITAL GROUP PTY LTD 632 528 762 6. #1 PTY LTD 630 483 386 7. #2 PTY LTD 635 725 469 8. #8 PTY LTD 630 492 090 9. MAGNOLIA PROPERTY GROUP HOLDINGS PTY LTD 637 317 876 10. ADDY PTY LTD 615 175 178 11. MAGNOLIA ADVISORY PTY LTD 630 947 698 12. MAGNOLIA WEALTH PTY LTD 640 838 142 13. LEASED HOLDINGS PTY LTD 634 395 958 14. MAGNOLIA EQUITIES PTY LTD 633 562 259 15. MAGNOLIA EQUITIES II PTY LTD 634 889 197 16. MAGNOLIA EQUITIES III PTY LTD 634 968 657 17. MAGNOLIA EQUITIES IV PTY LTD 634 969 387 18. MAGNOLIA EQUITIES V PTY LTD 635 001 893 19. MAGNOLIA EQUITIES VI PTY LTD 635 004 483 20. MAGNOLIA EQUITIES VII PTY LTD 638 491 148 21. MAGNOLIA EQUITIES VIII PTY LTD 639 632 821 22. MAGNOLIA CREDIT PTY LTD 636 936 920 23. LEASED PROPERTY RENTALS PTY LTD 618 121 510 24. MAGNOLIA CREDIT HOLDINGS PTY LTD 638 507 678 25. MAGNOLIA CREDIT FUNDING PTY LTD 638 869 324 26. LEASED PTY LTD 618 121 529 27. MAGNOLIA DEBT WAREHOUSE NO. 1 PTY LTD 631 865 837 28. MAGNOLIA DEBT WAREHOUSE NO. 2 PTY LTD 638 509 127 29. MAGNOLIA DEBT WAREHOUSE NO. 3 PTY LTD 638 508 577

604 Page 3 of 3 15 July 2001 30. MAGNOLIA DEBT WAREHOUSE NO. 4 PTY LTD 638 510 326 31. MAGNOLIA CUSTODIANS PTY LTD 638 156 420 32. MAGNOLIA SECURITY HOLDINGS PTY LTD 636 692 576 33. LOGANHOLME GYM HOLDINGS PTY LTD 637 152 615 34. THE AGENCY COASTAL PTY LTD 637 681 620 35. MAGNOLIA PROJECT MANAGEMENT PTY LTD 630 379 716 36. MAGNOLIA DEBT FACILITY 1 PTY LTD 632 175 181 37. AM 007 PTY LTD 633 672 045 38. AM 01 PTY LTD 633 502 191 39. MC II PTY LTD 625 920 149 40. MAGNOLIA CAPITAL PTY LIMITED 606 767 364 41. AE PROPERTIES PTY LTD 629 253 229 42. MC SOF II PTY LTD 621 848 806 43. MC SOF XI PTY LTD 632 506 597 44. MC SOF XII PTY LTD 626 695 136 45. MC SOF XVIII PTY LTD 628 618 084 46. MC SOF XXVII PTY LTD 629 065 096 47. MC SOF XXXV PTY LTD 628 979 448 48. MC SOF 58 PTY LTD 637 681 237 49. MC XXIV PTY LTD 626 039 085 50. MC 27 PTY LTD 633 675 135 51. MC XXIII PTY LTD 625 839 321 52. MC INVESTMENTS (AUS) PTY LTD 610 379 167 53. SOUTHERN EASTERN CAPITAL PTY LTD 623 024 779 54. MAGNOLIA INVESTMENT MANAGEMENT PTY LTD 636 204 389 55. MAGNOLIA DIRECT INVESTMENTS PTY LTD 633 290 767 56. MAGNOLIA ASSET HOLDINGS PTY LTD 631 400 961 57. MAGNOLIA ASSET MANAGEMENT PTY LTD 628 498 091 58. AURANOLIA LENDING PTY LTD 633 423 711 59. KINCUMBER STORAGE HOLDINGS PTY LTD 630 410 061 60. JEAN STREET HOLDINGS PTY LTD 631 401 860 61. MAGNOLIA ADMINISTRATION PTY LTD 630 410 070 62. FIRST MORTGAGE LENDING 32 PTY LTD 636 787 801 63. LOGANHOLME GYM PTY LTD 634 261 939 64. FERNWOOD LOGANHOLME ASSET HOLDINGS PTY LTD 637 153 274 65. MAGNOLIA LOAN MANAGEMENT PTY LTD 639 276 074 66. MAGNOLIA PRIVATE CAPITAL PTY LTD 633 263 171 67. MAGNOLIA LENDING PTY LTD 628 617 416 68. MAGNOLIA FUNDING PTY LTD 630 122 771 69. SEC 22 PTY LTD 624 414 777 70. MA SOF 32 PTY LTD 634 371 421 71. MA SOF 33 PTY LTD 634 448 614 72. MA SOF 35 PTY LTD 634 679 691 73. MA SOF 36 PTY LTD 634 741 692 74. MA SOF 37 PTY LTD 635 525 638 75. MA SOF 38 PTY LTD 635 525 405 76. MA SOF 42 PTY LTD 635 698 529 77. MA SOF 44 PTY LTD 635 902 206 78. MA SOF 45 PTY LTD 636 503 887 79. MA SOF 48 PTY LTD 636 692 585 80. MA SOF 49 PTY LTD 636 693 617 81. MA SOF 51 PTY LTD 637 253 206 82. MA SOF 52 PTY LTD 637 255 853 83. MA SOF 53 PTY LTD 637 383 030 84. MA SOF 54 PTY LTD 637 383 138 85. MA SOF 55 PTY LTD 637 382 640 86. MA SOF 56 PTY LTD 637 382 926 87. MA SOF 57 PTY LTD 637 680 687 88. MA SOF 59 PTY LTD 637 610 345

604 Page 3 of 3 15 July 2001 89. MA SOF 60 PTY LTD 637 681 513 90. MA SOF 61 PTY LTD 637 681 719 91. MA SOF 62 PTY LTD 637 682 029 92. MA SOF 63 PTY LTD 637 682 270 93. MA 23 PTY LTD 630 123 410 94. MA 24 PTY LTD 630 261 399 95. MA 26 PTY LTD 630 380 059 96. MA 29 PTY LTD 630 976 297 97. MA 30 PTY LTD 630 976 304 98. MA 31 PTY LTD 630 978 031 99. MA 32 PTY LTD 631 400 952 100. MA 33 PTY LTD 631 504 464 101. MA 34 PTY LTD 631 635 820 102. MA 35 PTY LTD 631 635 839 103. MA 36 PTY LTD 631 676 054 104. MA 37 PTY LTD 631 676 081 105. MA 38 PTY LTD 631 679 831 106. MA 39 PTY LTD 631 734 926 107. MA 40 PTY LTD 631 735 192 108. MA 41 PTY LTD 631 796 533 109. MA 42 PTY LTD 631 796 882 110. MA 43 PTY LTD 632 164 857 111. MA 44 PTY LTD 632 342 842 112. MA 45 PTY LTD 632 375 216 113. MA 46 PTY LTD 632 738 848 114. MA 47 PTY LTD 634 180 313 115. MCL 100 PTY LTD 638 952 020 116. MCL 101 PTY LTD 638 965 474 117. MCL 102 PTY LTD 638 966 800 118. MCL 103 PTY LTD 638 965 867 119. MCL 104 PTY LTD 638 966 971 120. MCL 105 PTY LTD 638 967 218 121. MCL 106 PTY LTD 639 179 427 122. MCL 107 PTY LTD 639 179 687 123. MCL 108 PTY LTD 639 683 757 124. MCL 109 PTY LTD 639 684 101 125. MCL 110 PTY LTD 639 684 469 126. MCL 111 PTY LTD 639 685 117 127. MCL 112 PTY LTD 643 595 895 128. MCL 113 PTY LTD 643 596 052 129. MCL 114 PTY LTD 643 596 730 130. MAGNOLIA MORTGAGES PTY LTD 637 305 241 131. MAGNOLIA PROJECT MARKETING PTY LTD 644 810 855 132. MST 100 PTY LTD 642 340 896 133. MPG 100 PTY LTD 643 203 169 134. MCA 100 PTY LTD 638 989 303 135. MCS 100 PTY LTD 639 179 829 136. MCS 101 PTY LTD 639 978 840 137. MCS 102 PTY LTD 639 979 534 138. MCS 103 PTY LTD 639 979 749 139. MCS 104 PTY LTD 643 449 227 140. MCS 105 PTY LTD 646 197 033 141. DENAU PTY LTD 625 905 633 142. ONLINE FUNDING GROUP PTY LTD 633 290 927