Programmed Maintenance Services : Becoming a substantial holder from NovaPort

Level 2, 5 Martin Place Sydney NSW 2000 Australia

26 May 2017

The Manager

Company Announcements Office ASX Limited

20 Bridge Street

SYDNEY NSW 2000

By electronic lodgement

Dear Sir/Madam

ABN 88 140 833 656

AFSL 385329

We enclose notice of initial substantial holder in Programmed Maintenance Services Limited. This notice is given by NovaPort Capital Pty Limited.

Yours faithfully

Company Secretary attach

Corporations Act 2001 Section 671B

To CompanyName/Scheme ACN/ARSN

1. Details of substantial holder (1)

   Name

   Programmed Maintenance Services Limited 054 742 264 NovaPort Capital Pty Ltd

   ACN/ARSN (if applicable)

   140 833 656

   The holder became a substantial holder on

   24/05/2017

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 (2) had a relevant interest (3) in on the date the substantial holder becamea substantial holder are as follows:

   Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
   Ordinary Fully Paid	Same as persons votes	13,266,099	5.16%

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 (7)	Class and number of securities
   NovaPort Capital Pty Ltd	Ordinary Fully Paid securities purchased on market by NovaPort Capital Pty Ltd	Refer Annexure 1

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 be registered as holder (8)	Class and number of securities
   NovaPort Capital Pty Ltd	BNP Paribas Nominees Pty Limited	BNP Paribas Nominees Pty Limited	5,570,094 (Ordinary Fully Paid)
   NovaPort Capital Pty Ltd	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited	4,098,530 (Ordinary Fully Paid)
   NovaPort Capital Pty Ltd	J P Morgan Nominees Australia Limited	J P Morgan Nominees Australia Limited	3,597,475 (Ordinary Fully Paid)

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 interest	Date of acquisition	Consideration (9)		Class and number of securities
   		Cash	Non-cash
   NovaPort Capital Pty Ltd	Refer Annexure 1	Refer Annexure 1	Refer Annexure 1

   603 page 2 / 2 15 July 2001

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 applicable)	Nature of association
   N/A	N/A

7. Addresses

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

print name

capacity

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 7 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 section s608 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 total number of votes attached to all the voting shares in the company or voting interests in thescheme (if any) that the person or an associate has a relevant interest in.

6. The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

7. Include details of:

8. any relevant agreement or other circumstances by which the relevant interest was acquired. 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 contract, scheme or arrangement; and

9. 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.

10. 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".

11. 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.

12. Annexure 1 consists of 1 page and is referred to in Form 603 signed by me and dated 26/05/2017

    [Insert Signature Here]

    Andrew Brown

    Company Secretary of NovaPort Capital Pty Ltd

    Transactions: Company

    Name/Scheme: Programmed Maintenance Services Limited (PRG)

    As at: 24/05/2017

    Class of security: Ordinary Fully Paid

    Date of Change	Holder of relevant interest	Nature of Change	Consideration	Number of Securities	Person's Votes Affected
    24/01/2017	NovaPort Capital Pty Ltd	Opening balance	9,294,853	9,294,853
    09/02/2017	as above	Buy	442,818.86	246,682	246,682
    09/02/2017	as above	Buy	142,651.21	79,467	79,467
    09/02/2017	as above	Buy	348,814.86	194,315	194,315
    09/02/2017	as above	Buy	139,202.82	77,546	77,546
    10/02/2017	as above	Buy	186,567.06	103,127	103,127
    10/02/2017	as above	Buy	60,100.11	33,221	33,221
    10/02/2017	as above	Buy	146,960.43	81,234	81,234
    10/02/2017	as above	Buy	58,647.40	32,418	32,418
    13/02/2017	as above	Buy	153,484.86	82,501	82,501
    13/02/2017	as above	Buy	49,443.85	26,577	26,577
    13/02/2017	as above	Buy	120,901.81	64,987	64,987
    13/02/2017	as above	Buy	48,249.47	25,935	25,935
    05/04/2017	as above	Buy	150,188.92	80,838	80,838
    06/04/2017	as above	Buy	16,952.45	9,162	9,162
    10/04/2017	as above	Buy	1,506,986.09	832,589	832,589
    10/04/2017	as above	Buy	489,074.67	270,207	270,207
    10/04/2017	as above	Buy	1,095,160.41	605,061	605,061
    10/04/2017	as above	Buy	487,174.17	269,157	269,157
    24/05/2017	as above	Buy	622,934.42	341,147	341,147
    24/05/2017	as above	Buy	202,161.94	110,713	110,713
    24/05/2017	as above	Buy	545,113.95	298,529	298,529
    24/05/2017	as above	Buy	193,251.06	105,833	105,833

    Total Number of Securities 13,266,099

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