ANSELL LIMITED — Major Shareholding Notification 2007

Sep 27, 2007

Form 605 Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To: Ansell Limited ACN: 004 085 330 ASX Code: ANN

1. Details of substantial holder

Name: IOOF Holdings Limited ACN: ACN 100 103 722

This notice is given by IOOF Holdings Limited, on behalf of itself and its subsidiaries.

The holder ceased to be a substantial holder on:

The previous notice was given to the company on: The previous notice was dated:

27 September 2007 14 May 2007 11 May 2007

2. 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 as follows:

Date 14/05/2007 14/05/2007 15/05/2007 15/05/2007 16/05/2007 17/05/2007 18/05/2007	Person	Nature	Consideration	Class & number **(ord) **	Person's votes
	Perennial Value Management Limited(ACN090 879 904)	Purchased on market	$ 43,689.71	3,683	3,683
	IOOF Investment Management Limited (ACN 006 695 021)	Sold on market	-$ 119,802.90	- 10,000	- 10,000
	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 539,680.06	45,000	45,000
	IOOF Investment Management Limited (ACN 006 695 021)	Purchased on market	$ 114,700.00	10,000	10,000
	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 1,703,969.40	142,635	142,635
	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 379,138.95	31,578	31,578
	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 17,394.75	1,448	1,448

2

21/05/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 3,645,930.42	303,183	303,183
22/05/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 4,029,191.39	335,000	335,000
23/05/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 2,768.67	228	228
23/05/2007	IOOF Investment Management Limited (ACN 006 695 021)	Sold on market	-$ 97,420.68	- 8,000	- 8,000
29/05/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 440,658.46	36,581	36,581
30/05/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 1,178,287.51	97,934	97,934
1/06/2007	Perennial Value Management Limited(ACN090 879 904)	Purchased on market	$ 1,148,886.79	95,478	95,478
5/06/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 39,709.99	3,303	3,303
6/06/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 175,064.30	14,549	14,549
7/06/2007	Perennial Value Management Limited(ACN090 879 904)	Purchased on market	$ 356,459.23	29,636	29,636
8/06/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 107,093.68	8,900	8,900
13/06/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 122,774.08	10,203	10,203
14/06/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 780,195.67	64,838	64,838
20/06/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 4,296.37	346	346
21/06/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 186,932.08	15,151	15,151
25/06/2007	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$ 176,874.28	- 14,609	- 14,609
27/06/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 939.63	78	78
29/06/2007	PerennialValue Management Limited(ACN 090 879 904)	Purchased on market	$ 7,986.79	663	663
11/07/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 953.81	77	77
12/07/2007	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$ 330,632.66	- 26,707	- 26,707
13/07/2007	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$ 4,077.89	- 328	- 328
18/07/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 2,407.20	192	192
18/07/2007	IOOF Investment Management Limited (ACN 006 695021)	Sold on market	-$ 250,355.72	- 20,000	- 20,000
19/07/2007	IOOF Investment Management Limited (ACN 006 695 021)	Sold on market	-$ 53,888.05	- 4,310	- 4,310
20/07/2007	IOOF Investment ManagementLimited (ACN 006 695 021)	Sold on market	-$ 87,993.15	- 7,000	- 7,000
24/07/2007	IOOF Investment Management Limited (ACN 006 695 021)	Sold on market	-$ 189,272.70	- 15,000	- 15,000
25/07/2007	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$ 1,000,645.95	- 79,288	- 79,288

3

1/08/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 1,328.92	112	112
8/08/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 590.80	50	50
10/08/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 4,479.89	406	406
15/08/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 1,740.94	154	154
16/08/2007	Perennial Value Management Limited(ACN090 879 904)	Sold on market	-$ 469,254.40	- 41,344	- 41,344
17/08/2007	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$ 786,105.06	- 65,902	- 65,902
20/08/2007	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$ 3,025,431.75	- 252,764	- 252,764
21/08/2007	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$ 1,323,445.47	- 110,000	- 110,000
22/08/2007	PerennialValue Management Limited(ACN 090 879 904)	Purchased on market	$ 1,500.29	122	122
23/08/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 779,856.81	62,841	62,841
24/08/2007	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$ 424,260.78	- 34,995	- 34,995
27/08/2007	IOOF Investment Management Limited (ACN 006 695 021)	Sold on market	-$ 62,574.96	- 5,000	- 5,000
29/08/2007	Perennial Value Management Limited(ACN090 879 904)	Purchased on market	$ 20,809.60	1,685	1,685
31/08/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchasedon market	$ 4,854.28	379	379
5/09/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 374,514.97	28,721	28,721
6/09/2007	Perennial Value Management Limited(ACN090 879 904)	Sold on market	-$ 2,122,825.31	- 163,084	- 163,084
7/09/2007	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$ 65,319.88	- 5,000	- 5,000
10/09/2007	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$ 12,324.83	- 965	- 965
11/09/2007	Perennial Value Management Limited(ACN090 879 904)	Sold on market	-$ 56,606.17	- 4,448	- 4,448
12/09/2007	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$ 891,290.14	- 70,329	- 70,329
14/09/2007	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$ 52,475.83	- 4,111	- 4,111
17/09/2007	Perennial Value Management Limited(ACN090 879 904)	Sold on market	-$ 3,746,742.36	- 295,807	- 295,807
19/09/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 732.99	58	58
20/09/2007	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$ 4,566.15	- 365	- 365
21/09/2007	Perennial Value Management Limited(ACN090 879 904)	Purchased on market	$ 3,056.96	249	249
24/09/2007	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$ 241,476.09	- 20,000	- 20,000
25/09/2007	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$ 1,167,553.19	- 96,198	- 96,198
26/09/2007	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$ 819.54	66	66

4

Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$ 4,248,023.88	- 340,255	- 340,255

3. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

company or scheme are as follows:
**Name & ACN **	Nature of association
Not applicable

4. Addresses

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

Name	Address
IOOF Holdings Limited	Level 29, 303 Collins Street Melbourne VIC 3000
Perennial Value Management Limited	Level 29, 303 Collins Street Melbourne VIC 3000
IOOF Investment Management Limited	GPO Box 264C Melbourne VIC 3001
Ansell Limited	Level 3 , 678 Victoria Street , Richmond VIC 3121