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 07/05/2021 The previous notice was given to the company on 16/02/2021 The previous notice was dated 15/02/2021

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 11.61% 44,681,469 10.43%

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) 06/05/2021 Magnolia On market sale $19,550.00 325,000 325,000 Equities III Pty Limited

07/05/2021 Magnolia On market sale $234,823.36 4,542,038 4,542,038 Equities III Pty Limited

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, Shop 2, 80 Terrigal Esplanade, Terrigal NSW 2260

Signature print name Mitchell Atkins capacity Beneficial Owner

sign here date 10/05/2021

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 10 May 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 ACN 1. THE AGENCY COASTAL PTY LTD 637 681 620 2. MC SUPERFUND AUSTRALIA PTY LTD 615 498 872 3. MAGNOLIA FINANCIAL PTY LTD 619 123 447 4. MC CONSULTING (AUS) PTY LTD 610 378 044 5. MAGNOLIA CAPITAL HOLDINGS PTY LTD 621 549 755 6. MAGNOLIA CAPITAL GROUP PTY LTD 632 528 762 7. #1 PTY LTD 630 483 386 8. #2 PTY LTD 635 725 469 9. #8 PTY LTD 630 492 090 10. MAGNOLIA PROPERTY GROUP HOLDINGS PTY LTD 637 317 876 11. MAGNOLIA WEALTH PTY LTD 640 838 142 12. LEASED HOLDINGS PTY LTD 634 395 958 13. MAGNOLIA EQUITIES PTY LTD 633 562 259 14. MAGNOLIA EQUITIES II PTY LTD 634 889 197 15. MAGNOLIA EQUITIES III PTY LTD 634 968 657 16. MAGNOLIA EQUITIES IV PTY LTD 634 969 387 17. MAGNOLIA EQUITIES V PTY LTD 635 001 893 18. MAGNOLIA EQUITIES VI PTY LTD 635 004 483 19. MAGNOLIA EQUITIES VII PTY LTD 638 491 148 20. MAGNOLIA EQUITIES VIII PTY LTD 639 632 821 21. MAGNOLIA CREDIT PTY LTD 636 936 920 22. LEASED PROPERTY RENTALS PTY LTD 618 121 510 23. MAGNOLIA CREDIT HOLDINGS PTY LTD 638 507 678 24. MAGNOLIA CREDIT FUNDING PTY LTD 638 869 324 25. LEASED PTY LTD 618 121 529 26. MAGNOLIA DEBT WAREHOUSE NO. 1 PTY LTD 631 865 837 27. MAGNOLIA DEBT WAREHOUSE NO. 2 PTY LTD 638 509 127 28. MAGNOLIA DEBT WAREHOUSE NO. 3 PTY LTD 638 508 577 29. MAGNOLIA DEBT WAREHOUSE NO. 4 PTY LTD 638 510 326

604 Page 3 of 3 15 July 2001 30. MAGNOLIA CUSTODIANS PTY LTD 638 156 420 31. MAGNOLIA SECURITY HOLDINGS PTY LTD 636 692 576 32. LOGANHOLME GYM HOLDINGS PTY LTD 637 152 615 33. THE AGENCY COASTAL PTY LTD 637 681 620 34. MAGNOLIA PROJECT MANAGEMENT PTY LTD 630 379 716 35. MAGNOLIA DEBT FACILITY 1 PTY LTD 632 175 181 36. AM 007 PTY LTD 633 672 045 37. AM 01 PTY LTD 633 502 191 38. MC II PTY LTD 625 920 149 39. MAGNOLIA CAPITAL PTY LIMITED 606 767 364 40. AE PROPERTIES PTY LTD 629 253 229 41. MC SOF II PTY LTD 621 848 806 42. MC SOF XI PTY LTD 632 506 597 43. MC SOF XII PTY LTD 626 695 136 44. MC SOF XVIII PTY LTD 628 618 084 45. MC SOF XXVII PTY LTD 629 065 096 46. MC SOF XXXV PTY LTD 628 979 448 47. MC SOF 58 PTY LTD 637 681 237 48. MC XXIV PTY LTD 626 039 085 49. MC 27 PTY LTD 633 675 135 50. MC XXIII PTY LTD 625 839 321 51. MC INVESTMENTS (AUS) PTY LTD 610 379 167 52. SOUTHERN EASTERN CAPITAL PTY LTD 623 024 779 53. MAGNOLIA INVESTMENT MANAGEMENT PTY LTD 636 204 389 54. MAGNOLIA DIRECT INVESTMENTS PTY LTD 633 290 767 55. MAGNOLIA ASSET HOLDINGS PTY LTD 631 400 961 56. MAGNOLIA ASSET MANAGEMENT PTY LTD 628 498 091 57. AURANOLIA LENDING PTY LTD 633 423 711 58. KINCUMBER STORAGE HOLDINGS PTY LTD 630 410 061 59. JEAN STREET HOLDINGS PTY LTD 631 401 860 60. MAGNOLIA ADMINISTRATION PTY LTD 630 410 070 61. FIRST MORTGAGE LENDING 32 PTY LTD 636 787 801 62. LOGANHOLME GYM PTY LTD 634 261 939 63. FERNWOOD LOGANHOLME ASSET HOLDINGS PTY LTD 637 153 274 64. MAGNOLIA LOAN MANAGEMENT PTY LTD 639 276 074 65. MAGNOLIA PRIVATE CAPITAL PTY LTD 633 263 171 66. MAGNOLIA LENDING PTY LTD 628 617 416 67. MAGNOLIA FUNDING PTY LTD 630 122 771 68. SEC 22 PTY LTD 624 414 777 69. MA SOF 32 PTY LTD 634 371 421 70. MA SOF 33 PTY LTD 634 448 614 71. MA SOF 35 PTY LTD 634 679 691 72. MA SOF 36 PTY LTD 634 741 692 73. MA SOF 37 PTY LTD 635 525 638 74. MA SOF 38 PTY LTD 635 525 405 75. MA SOF 42 PTY LTD 635 698 529 76. MA SOF 44 PTY LTD 635 902 206 77. MA SOF 45 PTY LTD 636 503 887 78. MA SOF 48 PTY LTD 636 692 585 79. MA SOF 49 PTY LTD 636 693 617 80. MA SOF 51 PTY LTD 637 253 206 81. MA SOF 52 PTY LTD 637 255 853 82. MA SOF 53 PTY LTD 637 383 030 83. MA SOF 54 PTY LTD 637 383 138 84. MA SOF 55 PTY LTD 637 382 640 85. MA SOF 56 PTY LTD 637 382 926 86. MA SOF 57 PTY LTD 637 680 687 87. MA SOF 59 PTY LTD 637 610 345 88. MA SOF 60 PTY LTD 637 681 513

604 Page 3 of 3 15 July 2001 89. MA SOF 61 PTY LTD 637 681 719 90. MA SOF 62 PTY LTD 637 682 029 91. MA SOF 63 PTY LTD 637 682 270 92. MA 23 PTY LTD 630 123 410 93. MA 24 PTY LTD 630 261 399 94. MA 26 PTY LTD 630 380 059 95. MA 29 PTY LTD 630 976 297 96. MA 30 PTY LTD 630 976 304 97. MA 31 PTY LTD 630 978 031 98. MA 32 PTY LTD 631 400 952 99. MA 33 PTY LTD 631 504 464 100. MA 34 PTY LTD 631 635 820 101. MA 35 PTY LTD 631 635 839 102. MA 36 PTY LTD 631 676 054 103. MA 37 PTY LTD 631 676 081 104. MA 38 PTY LTD 631 679 831 105. MA 39 PTY LTD 631 734 926 106. MA 40 PTY LTD 631 735 192 107. MA 41 PTY LTD 631 796 533 108. MA 42 PTY LTD 631 796 882 109. MA 43 PTY LTD 632 164 857 110. MA 44 PTY LTD 632 342 842 111. MA 45 PTY LTD 632 375 216 112. MA 46 PTY LTD 632 738 848 113. MA 47 PTY LTD 634 180 313 114. MCL 100 PTY LTD 638 952 020 115. MCL 101 PTY LTD 638 965 474 116. MCL 102 PTY LTD 638 966 800 117. MCL 103 PTY LTD 638 965 867 118. MCL 104 PTY LTD 638 966 971 119. MCL 105 PTY LTD 638 967 218 120. MCL 106 PTY LTD 639 179 427 121. MCL 107 PTY LTD 639 179 687 122. MCL 108 PTY LTD 639 683 757 123. MCL 109 PTY LTD 639 684 101 124. MCL 110 PTY LTD 639 684 469 125. MCL 111 PTY LTD 639 685 117 126. MCL 112 PTY LTD 643 595 895 127. MCL 113 PTY LTD 643 596 052 128. MCL 114 PTY LTD 643 596 730 129. MCL 115 PTY LTD 646 813 327 130. 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. MCS 106 PTY LTD 646 748 987 142. MCS 107 PTY LTD 646 749 073 143. DENAU PTY LTD 625 905 633 144. ONLINE FUNDING GROUP PTY LTD 633 290 927