Securities (except debentures) in a class of securities of a body are ED securities if:

(a)

a disclosure document in relation to securities in that class has been lodged with ASIC under Chapter 6D; or

(b)

securities in that class have been issued pursuant to the disclosure document; and

(c)

after an issue of securities in that class pursuant to the disclosure document, 100 or more persons held securities in that class; and

(d)

securities in that class have been held by 100 or more persons at all times since the issue of securities referred to in paragraph (c).