ARC FUNDS LIMITED — Major Shareholding Notification 2007

Aug 21, 2007

603 page 1/3

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To: Company GOLDLINK GROWTHPLUS LIMITED name/Scheme

ACN/ARSN 111 695 357

111 695 357

1. Details of substantial holder (1)

Name TIDEWATER INVESTMENTS LIMITED

ACN (if applicable) 52 001 746 710

The holder became a 20 AUGUST 2007 substantial holder on

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 became a substantial holder are as follows:

Class of securities (4)	Number of securities	Persons’ votes (5)	Voting power (6)
ORDINARY	1,910,357	1,910,357	6.37%

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
TIDEWATER INVESTMENTS LIMITED &ITS SUBSIDIARIES	BENEFICIAL OWNERS	1,910,357

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 ofsecurities	Person entitled to be registered asholder (8)	Class and number of securities
TIDEWATER INVESTMENTSLIMITED&ITSSUBSIDIARIES	DISCOUNT ASSETSLIMITED(ACN 123 993 153)	DISCOUNT ASSETS LIMITED(ACN 123 993 153)	1,910,357 SHARES

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)	Consideration (9)	Class and number of securities
		Cash	Non-cash
REFER ANNEXURE “A”	27/6/07 – 21/8/07	$238,660		1,581,617

tidewater investments limited

603 page 2/3

6. Associates

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

Name and ACN(if applicable)	Nature of association
TIDEWATER INVESTMENTS LIMITED & ITS SUBSIDIARIES	RELATED BODIES CORPORATE AND ASSOCIATES UNDERSECTION 9 OF THE CORPORATIONS ACT

7. Addresses

The addresses of the person named in this form are as follows:

7.AddressesThe addresses of the person named in this form are as follows:
Name	Address
TIDEWATER INVESTMENTS LIMITEDDISCOUNT ASSETS LIMITED	} LEVEL 4, 34 HUNTER STREET}SYDNEY NSW 2000

Signature

print name ANDREW BROWN

capacity DIRECTOR

sign here date 22 / 8 /2007

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)

• (4)

  • See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

  • 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 the scheme (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:

  • (a) 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 arrangements, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

  • (b) 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.

• (8) 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”.

• (9) 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.

tidewater investments limited

603 page 3/3

ANNEXURE “A”

This is Annexure “A” of one page referred to in Form 603 signed by me and dated 22 August 2007

Andrew J. Brown

Director

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)	Consideration (9)	Class and number of securities
		Cash	Non-cash
TIDEWATER INVESTMENTSLIMITED&ITSSUBSIDIARIES	27-Jun-07	$11,255		72,011 SHARES
“	28-Jun-07	$9,932		62,496 SHARES
“	29-Jun-07	$13,070		83,405 SHARES
“	3-Jul-07	$2,219		14,160 SHARES
“	13-Jul-07	$21,415		114,498 SHARES
“	16-Jul-07	$3,210		17,165 SHARES
“	15-Aug-07	$64,492		428,125 SHARES
“	16-Aug-07	$21,411		169,421 SHARES
“	17-Aug-07	$17,466		127,500 SHARES
“	20-Aug-07	$7,077		50,000 SHARES
“	21-Aug-07	$67,111		442,636 SHARES

tidewater investments limited