Ann: Appendix 4C - quarterly Q4 and Commentary, page-58

Dear Sir / Madam


The Top 20 shareholders have been relatively unchanged since the merger. Some original 2015 Vendors, such as Pond and Plan B, have received additional shares on the achievement of a commercial milestone.


The Fluence Top 20 shareholders as at 25 January 2017 was:



For those interested. An update on the top 20 sent by Ross in reply to my question today. No information on buying or selling. I haven’t had a chance to compare yet but he did mention it remains relatively unchanged.

Cheers Ross!