National Australia Bank : Becoming a substantial holder for NEC

	Form 603
Notice of initial substantial holder	Corporations Act 2001
Section 671B

NEC

To:Company Name/Scheme The Secretary

Nine Entertainment Co. Holdings Limited

24 Artarmon Road

Willoughby NSW 2068

PH: [phone]

Fax: [phone]

ACN

1. Details of substantial shareholder

Name

ACN (if applicable)

122 205 065

National Australia Bank Limited and its associated entities listed in Annexure A (ACN 004 044 937)

The holder became a substantial holder on 08/01/2021

2. Details of 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 had a relevant interest in on the date the substantial holder became a substantial holder are as follows:

Class of securities	Number of	Persons' votes	Voting power
	securities
Fully paid ordinary	85,321,459	85,321,459	5.003%
shares

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest	Class and number
		of securities
MLC Investments Limited	Power to control the voting and /or disposal of	Fully paid ordinary
	securities pursuant to its position as the	shares
	responsible entity or trustee of various	40,477,329
	managed investment schemes and trusts
Antares Capital Partners Limited	Power to control the voting and /or disposal of	Fully paid ordinary
	securities pursuant to its position as the	shares
	responsible entity or trustee of various	24,481,468
	managed investment schemes or trusts.
Antares Capital Partners Limited	Power to control the voting and /or disposal of	Fully paid ordinary
	securities pursuant to its position as an	shares
	investment manager in accordance with	3,800,714
	investment mandates and as an investment
	manager of Antares Capital Partners Limited
	trusts.
NULIS Nominees (Australia) Limited	Power to exercise voting rights pursuant to	Fully paid ordinary
	position held as the Registrable	shares
	Superannuation Entity licensee for the	155,891
	superannuation products it issues.
National Australia Bank Limited	Power to control the voting and /or disposal of	Fully paid ordinary
	securities pursuant to securities lending	shares
	agreements.	16,296,057
JBWere Limited	Power to control the voting and /or disposal of	Fully paid ordinary
	securities pursuant to position as investment	shares
	manager for various client portfolios.	110,000
	TOTAL	85,321,459

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to	Class and number of
		be registered as	securities
		holder
			Fully paid ordinary shares
MLC Investments Limited	National Nominees Limited		40,477,329
	(ACN 004 278 899)
			Fully paid ordinary shares
Antares Capital Partners	National Nominees Limited		24,481,468
Limited	(ACN 004 278 899)
			Fully paid ordinary shares
Antares Capital Partners	UBS Nominees Pty Ltd		3,800,714
Limited	(ACN 001 450 522)
			Fully paid ordinary shares
NULIS Nominees (Australia)	NULIS Nominees (Australia) Limited		155,891
Limited	(ACN 008 515 633)
			Fully paid ordinary shares
National Australia Bank	National Nominees Limited		16,296,057
Limited	(ACN 004 278 899)
			Fully paid ordinary shares
JBWere Limited	Invia Custodian Pty Limited		110,000
	(ACN 006 127 984)
		TOTAL	85,321,459

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant	Date of acquisition	Consideration		Class and number of
interest		securities
		Cash	Non-cash	Fully paid ordinary
		shares
MLC Investments Limited	24/11/2020	$91,935.13		39,160
MLC Investments Limited	24/11/2020	$156,559.71		66,687
MLC Investments Limited	25/11/2020	$3,585,531.60		1,512,816
MLC Investments Limited	25/11/2020	$75,945.73		32,253
MLC Investments Limited	25/11/2020	$107,204.21		45,528
MLC Investments Limited	26/11/2020	$909,805.09		382,477
MLC Investments Limited	26/11/2020	$144,882.42		60,579
MLC Investments Limited	26/11/2020	$180,663.58		75,540
MLC Investments Limited	30/11/2020	$59,402.66		25,482
MLC Investments Limited	1/12/2020	$73,559.58		31,369
MLC Investments Limited	1/12/2020	$107,376.49		45,790
MLC Investments Limited	3/12/2020	$1,568,584.02		637,270
MLC Investments Limited	4/12/2020	$662,452.42		270,013

MLC Investments Limited	15/12/2020	$67,025.29		29,197
MLC Investments Limited	16/12/2020	$201,560.64		85,647
MLC Investments Limited	16/12/2020	$74,067.61		31,513
MLC Investments Limited	17/12/2020	$236,503.90		97,300
MLC Investments Limited	22/12/2020	$94,965.27		41,183
MLC Investments Limited	22/12/2020	$133,430.55		57,864
MLC Investments Limited	22/12/2020	$93,314.22		40,467
MLC Investments Limited	23/12/2020	$510,818.90		220,849
MLC Investments Limited	21/12/2020	$241,166.85		103,544
MLC Investments Limited	30/12/2020	$387,221.87		164,650
MLC Investments Limited	6/01/2021	$196,361.55		84,450
MLC Investments Limited	6/01/2021	$115,145.37		49,560
MLC Investments Limited	6/01/2021	$32,770.87		14,105
MLC Investments Limited	6/01/2021	$102,950.09		44,311
MLC Investments Limited	7/01/2021	$26,953.70		11,417
NULIS Nominees	08/01/2021 - Transfer in	N/A		2,263
(Australia) Limited
NULIS Nominees	08/01/2021 - Transfer in	N/A		4,413
(Australia) Limited
National Australia Bank	21/11/2020 to 08/01/2021	No consideration directly		Refer to Appendix 1
referable to the securities
Limited	- Securities Lending		Table
provided by NAB.
JBWere Limited	8/12/2020 - Transfer in	N/A		488

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if	Nature of association
applicable
MLC Investments Limited	MLC Investments Limited is a wholly owned subsidiary of MLC
	Holdings Limited whose ultimate parent is National Australia
	Bank Limited.
Antares Capital Partners Limited	Antares Capital Partners Limited is a wholly owned subsidiary
	of National Wealth Management Holdings Limited whose
	ultimate parent is National Australia Bank Limited.
NULIS Nominees (Australia)	NULIS Nominees (Australia) Limited is a wholly owned
Limited	subsidiary of National Wealth Management Holdings Limited
	whose ultimate parent is National Australia Bank Limited.
JBWere Limited	JBWere Limited is a wholly owned subsidiary of National
	Wealth Management Holdings Limited whose ultimate parent
	is National Australia Bank Limited.

7. Addresses

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

	Name	Address
	National Australia Bank Limited	Level 1
		800 Bourke Street
		DOCKLANDS VIC 3008
	MLC Investments Limited	Ground Floor
		105-153 Miller Street
		NORTH SYDNEY NSW 2060
	Antares Capital Partners Limited	Ground Floor
		105-153 Miller Street
		NORTH SYDNEY NSW 2060
	National Nominees Limited	Level 1
		800 Bourke Street
		DOCKLANDS VIC 3008
	UBS Nominees Pty Limited	Level 16
		2 Chifley Square
		SYDNEY NSW 2000
	NULIS Nominees (Australia)	Ground Floor
	Limited	105-153 Miller Street
		NORTH SYDNEY NSW 2060
	JBWere Limited	Level 15
		101 Collins Street
		MELBOURNE VIC 3000
	Invia Custodian Pty Limited	Level 15
		101 Collins Street
		MELBOURNE VIC 3000
Signature
Name	Louise Thomson	Capacity
		Group Company Secretary
		for and on behalf of National Australia Bank Limited
Signature		Date 13/01/2021

Appendix 1 -	NEC
Type of agreement and	National Australia Bank Limited and	National Australia Bank Limited and
parties to agreement
	Securities Borrowing Agreement (SBA) clients	AMSLA Counterparties
	(xi)	ELECTRICITY SUPPLY INDUSTRY SUPERANNUATION (QLD)	( b )	UBS SECURITIES AUSTRALIA LTD
	(xii)	PRIME SUPER PTY LTD	( c )	MACQUARIE BANK LTD
	(xiii)	VISION SUPER PTY LIMITED
	(xv)	TASPLAN PTY LTD
	21/11/2020 to 8/1/2021	21/11/2020 to 8/1/2021
Transfer dates	Specific dates for each transfer can be found by matching the number	Specific dates for each transfer can be found by matching the
	reference in the 'Type of agreement and parties to agreement' field	number reference in the 'Type of agreement and parties to
	to the accompanying list of transactions.	agreement' field to the accompanying list of transactions.
Holder of voting rights	Registered owner	Registered owner
	The registered owner holds voting rights. However, in certain	The registered owner holds voting rights. However, in certain
Are there any restrictions	circumstances the lender may request for the borrower to use best	circumstances the lender may request for the borrower to use best
on voting	endeavours to arrange for voting instructions to be exercised in	endeavours to arrange for voting instructions to be exercised in
	accordance with the instructions from the lender.	accordance with the instructions from the lender.
Scheduled date of return	On demand	On demand
(if any)
Does the borrower have	Yes - at notice	Yes - at notice
the right to return early?
Does the lender have the	Yes - at notice	Yes - at notice
right to recall early?
Will the securities be	Yes, or equivalent protection under Securities Borrowing Agreement.	Yes, or equivalent protection under AMSLA.
returned on settlement?
National Australia Bank Limited will, if required by the company or responsible entity to whom the prescribed form must be given or ASIC give a copy of the
agreements to the company, responsible entity or ASIC.

Appendix 1-	NEC
		No. of		AMSLA
Date	Nature of Change Consideration	Securities	Class	Counterparty
24/11/2020	Collateral Return Security	-723000	ORD	( c )
24/11/2020	Collateral Return Security	-123000	ORD	( c )
25/11/2020	Collateral Return Security	-30000	ORD	( c )
26/11/2020	Settle Sec Loan	46000	ORD	( b )
27/11/2020	Return Security	-46000	ORD	( b )
1/12/2020	Collateral Settle Sec Loan	900000	ORD	( c )
2/12/2020	Collateral Return Security	-115000	ORD	( c )
3/12/2020	Collateral Return Security	-209000	ORD	( c )
4/12/2020	Collateral Return Security	-28000	ORD	( c )
7/12/2020	Settle Sec Loan	206000	ORD	( b )
8/12/2020	Settle Sec Loan	9000	ORD	( b )
8/12/2020	Collateral Return Security	-1000	ORD	( c )
9/12/2020	Return Security	-206000	ORD	( b )
9/12/2020	Return Security	-9000	ORD	( b )
9/12/2020	Collateral Return Security	-77000	ORD	( c )
9/12/2020	Collateral Return Security	-15000	ORD	( c )
10/12/2020	Collateral Return Security	-31000	ORD	( c )
11/12/2020	Collateral Return Security	-10000	ORD	( c )
14/12/2020	Collateral Return Security	-41000	ORD	( c )
14/12/2020	Collateral Return Security	-5000	ORD	( c )
14/12/2020	Collateral Return Security	-9000	ORD	( c )
16/12/2020	Collateral Settle Sec Loan	3000000	ORD	( c )
22/12/2020	Settle Sec Loan	136000	ORD	( b )
23/12/2020	Settle Sec Loan	567273	ORD	( b )
23/12/2020	Settle Sec Loan	6000	ORD	( b )
24/12/2020	Settle Sec Loan	289000	ORD	( b )
29/12/2020	Return Security	-136000	ORD	( b )
29/12/2020	Return Security	-152331	ORD	( b )
29/12/2020	Settle Sec Loan	1144000	ORD	( b )
29/12/2020	Collateral Settle Sec Loan	1600000	ORD	( c )
30/12/2020	Settle Sec Loan	500000	ORD	( b )
31/12/2020	Settle Sec Loan	409000	ORD	( b )
4/01/2021	Settle Sec Loan	88000	ORD	( b )
4/01/2021	Settle Sec Loan	85000	ORD	( b )
5/01/2021	Return Security	-49885	ORD	( b )
5/01/2021	Return Security	-6000	ORD	( b )
8/01/2021	Settle Sec Loan	691000	ORD	( b )
8/01/2021	Pending Loan	209000	ORD	( b )

Appendix 1-	NEC
		No. of		SBA
Date	Nature of Change	Consideration Securities	Class	Counterparty
26/11/2020	Settle Sec Loan	46000	ORD	(xv)
27/11/2020	Return Security	-46000	ORD	(xv)
7/12/2020	Settle Sec Loan	206000	ORD	(xii)
8/12/2020	Settle Sec Loan	9000	ORD	(xii)
9/12/2020	Return Security	-206000	ORD	(xii)
9/12/2020	Return Security	-9000	ORD	(xii)
22/12/2020	Settle Sec Loan	136000	ORD	(xi)
23/12/2020	Settle Sec Loan	567273	ORD	(xiii)
23/12/2020	Settle Sec Loan	6000	ORD	(xi)
24/12/2020	Settle Sec Loan	289000	ORD	(xi)
29/12/2020	Return Security	-136000	ORD	(xi)
29/12/2020	Return Security	-152331	ORD	(xiii)
29/12/2020	Settle Sec Loan	1144000	ORD	(xi)
30/12/2020	Settle Sec Loan	465400	ORD	(xv)
30/12/2020	Settle Sec Loan	34600	ORD	(xi)
31/12/2020	Settle Sec Loan	409000	ORD	(xi)
4/01/2021	Settle Sec Loan	88000	ORD	(xi)
4/01/2021	Settle Sec Loan	85000	ORD	(xi)
5/01/2021	Return Security	-49885	ORD	(xiii)
5/01/2021	Return Security	-6000	ORD	(xi)
8/01/2021	Settle Sec Loan	691000	ORD	(xi)
8/01/2021	Pending Loan	209000	ORD	(xi)

This is Annexure A of 3 pages referred to in the Form 603 Notice of initial substantial holder signed by me and dated 08/01/2021

Louise Thomson, Group Company Secretary

ADVANTEDGE FINANCIAL SERVICES HOLDINGS PTY LTD

ADVANTEDGE FINANCIAL SERVICES PTY LTD

ADVANTEDGE FINANCIAL SOLUTIONS PTY LTD

AF&L DRAGON LEASING PTY LTD (IN LIQUIDATION)

AF&L GOLD PTY LTD

AF&L VISTA PTY LTD

AFSH NOMINEES PTY LTD

ANCHORAGE HOME LOANS PTY LTD (IN LIQUIDATION)

ANTARES CAPITAL PARTNERS LTD

APOGEE FINANCIAL PLANNING LIMITED

ARDB PTY LIMITED (IN LIQUIDATION)

ASIBOND PTY. LIMITED (IN LIQUIDATION)

BANK OF NEW ZEALAND

BLSSA PTY LTD

BNZ BRANCH PROPERTIES LTD

BNZ EQUITY INVESTMENTS NO.2 LIMITED

BNZ FACILITIES MANAGEMENT LIMITED

BNZ INSURANCE SERVICES LIMITED

BNZ INTERNATIONAL FUNDING LTD

BNZ INVESTMENT SERVICES LIMITED

BNZ INVESTMENTS LTD

BNZ LIFE INSURANCE LIMITED

BNZ PROPERTY INVESTMENTS LTD

BROKER AGGREGATION SERVICES PTY LTD

CRUICKSHANK ASSET MANAGEMENT PTY LTD (IN LIQUIDATION)

CUSTOM CREDIT CORPORATION LTD (IN LIQUIDATION)

CUSTOM CREDIT HOLDINGS LTD (IN LIQUIDATION)

DIBA EQUITIES LIMITED

DIBA INVESTMENTS LIMITED

EQUITY MANAGEMENT UNIT HOLDINGS (No.2) PTY LTD (IN LIQUIDATION)

EQUITY MANAGEMENT UNIT HOLDINGS PTY LTD

FINANCE & SYSTEMS TECHNOLOGY PTY LTD

GODFREY PEMBROKE LIMITED

GWM ADVISER SERVICES LIMITED

HICAPS PTY LTD

INVIA CUSTODIAN PTY LIMITED

JBWERE (NZ) HOLDINGS LIMITED

JBWERE (NZ) NOMINEES LIMITED

JBWERE (NZ) PTY LTD

JBWERE LIMITED

LIMEHOUSE INVESTMENTS PTY LIMITED (IN LIQUIDATION)

MARGIN LENDING (NZ) LIMITED

MEDFIN AUSTRALIA PTY LIMITED

MERITUM FINANCIAL GROUP PTY LTD

MFP 131 660 065 PTY LIMITED (In liquidation)

MLC ASSET MANAGEMENT (UK) LIMITED

MLC ASSET MANAGEMENT (UK) REAL ESTATE LIMITED

MLC ASSET MANAGEMENT PTY LIMITED

MLC ASSET MANAGEMENT SERVICES LIMITED

MLC INVESTMENTS LIMITED

MLC LIFETIME COMPANY LIMITED

MLC NOMINEES PTY LTD

MLC PROPERTIES PTY. LIMITED

MLC WEALTH LIMITED

MLC WEALTH MANAGEMENT LIMITED (IN LIQUIDATION)

MUDCHUTE PTY LIMITED (IN LIQUIDATION)

NAB ASSET MANAGEMENT LIMITED

NAB EUROPE LIMITED

NAB Europe SA

NAB INVESTMENTS LIMITED

NAB JAPAN SECURITIES LIMITED

NAB PROPERTIES AUSTRALIA PTY LIMITED

NAB STAFF CLUB LIMITED

NAB TRUST SERVICES LIMITED

NAB VENTURES PTY LIMITED

NABCAPITAL LEASING (NO.2) PTY LIMITED (IN LIQUIDATION)

NABSECURITIES, LLC

NATIONAL ASSET MANAGEMENT LIMITED (In liquidation)

NATIONAL AUSTRALIA BANK LIMITED

NATIONAL AUSTRALIA CORPORATE SERVICES PTY LIMITED

NATIONAL AUSTRALIA FINANCE (ASIA) LIMITED

NATIONAL AUSTRALIA FINANCE (COMMERCIAL LEASING) LIMITED

NATIONAL AUSTRALIA FINANCE (EUROPE HOLDINGS) LIMITED

NATIONAL AUSTRALIA FINANCE (INFRASTRUCTURE LEASING NO.2) LIMITED

NATIONAL AUSTRALIA FINANCE (VESSEL LEASING NO.1) LIMITED

NATIONAL AUSTRALIA FINANCE (VESSEL LEASING NO.5) LIMITED

NATIONAL AUSTRALIA FINANCE (VESSEL LEASING NO.6) LIMITED

NATIONAL AUSTRALIA FINANCE (VESSEL LEASING) LIMITED

NATIONAL AUSTRALIA FINANCIAL MANAGEMENT LIMITED (In liquidation)

NATIONAL AUSTRALIA FUNDING (DELAWARE) INC.

NATIONAL AUSTRALIA GROUP (NZ) LIMITED

NATIONAL AUSTRALIA GROUP SERVICES LTD (IN LIQUIDATION)

NATIONAL AUSTRALIA INVESTMENT CAPITAL PTY LTD

NATIONAL AUSTRALIA MANAGERS LIMITED

NATIONAL AUSTRALIA PKI HOLDINGS LLC

NATIONAL AUSTRALIA UNDERWRITERS LIMITED (IN LIQUIDATION)

NATIONAL EQUITIES LIMITED

NATIONAL FUNDING HOLDINGS PTY LTD (IN LIQUIDATION)

NATIONAL HK INVESTMENTS LIMITED

NATIONAL MARGIN SERVICES PTY LIMITED

NATIONAL MARKETS GROUP LIMITED (IN LIQUIDATION)

NATIONAL MORTGAGE SECURITIES, INC.

NATIONAL NOMINEES LIMITED

NATIONAL OBU PTY LIMITED

NATIONAL WEALTH MANAGEMENT HOLDINGS LIMITED

NATIONAL WEALTH MANAGEMENT INTERNATIONAL HOLDINGS LTD

NATIONAL WEALTH MANAGEMENT NEW ZEALAND HOLDINGS LTD

NAUTILUS INSURANCE PTE LIMITED

NAUTILUS NAB LIMITED

NAVIGATOR AUSTRALIA LIMITED

NBA PROPERTIES PTY LIMITED

NMS NOMINEES PTY LIMITED

NULIS NOMINEES (AUSTRALIA) LIMITED

NWMH SUB (CANADA) INC

NWMH SUB LIMITED

ORCHARD STREET INVESTMENT ADVISERS LIMITED

ORCHARD STREET INVESTMENT MANAGEMENT LLP

PARTOWN PTY. LIMITED

PENNLEY PTY LTD

PFS NOMINEES PTY LIMITED

PLAN AUSTRALIA OPERATIONS PTY. LTD.

PLAN GROUP NOMINEES PTY LTD

PRESIMA INC.

PROFESSIONAL LENDERS ASSOCIATION NETWORK OF AUSTRALIA PTY. LTD.

RMBS RCU PTY LIMITED

TASOVAC PTY LIMITED

THE DEEP IN HULL LIMITED

VALEWIN PTY. LIMITED (IN LIQUIDATION)

WEALTHHUB SECURITIES LIMITED

WEALTHHUB SECURITIES NOMINEES PTY LIMITED

WM LIFE AUSTRALIA LIMITED (IN LIQUIDATION)