AUSTIN ENGINEERING LIMITED — Major Shareholding Notification 2016

Nov 20, 2016

Thorney International Pty Ltd ABN 57 132 886 698

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone +61 3 9921 7116 Facsimile +61 3 9921 7100

21 November 2016

BY ASX ONLINE - 4 pages

Manager Company Announcements ASX Limited Level 10 20 Bond Street SYDNEY 2000

Dear Sir/Madam,

Change of interests of substantial holder Austin Engineering Limited [ASX:ANG]

Following is a Form 604 Notice of change of interests of substantial holder dated 21 November 2016 in accordance with section 671B of the Corporations Act 2001.

Yours sincerely,

==> picture [143 x 66] intentionally omitted <==

AVEE WAISLITZ Secretary

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: company name/scheme AUSTIN ENGINEERING LIMITED ABN 60 078 480 136

1. Details of substantial holder

Name[Thorney International Pty Ltd ][and each of the entities ] listed in the attached Annexure “A” to this notice ACN (if applicable) 132 886 698

There was a change in the interests of the substantial holder on 15-Nov-16 The previous notice was given to the company on 19-Oct-16 The previous notice was dated 19-Oct-16

2. Previous and present voting power

The total number of shares 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of Securities	Previous Notice	Previous Notice	Present Notice	Present Notice
	Person’s votes	Voting power	Person’s votes	Voting power
Ordinary Shares	117,530,685	22.33%	122,530,685	21.17%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, relevant interests 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 are as follows:

Date ofChange	Personwhoserelevantinterestchanged	Nature of change	Considerationgiven inrelation toChange	Class andnumber ofsecuritiesaffected	Person’svotesaffected
3-Nov-16To8-Nov-16	ThorneyInternationalPtyLtd	Market sales	Market prices	655,000ordinary shares	655,000
	ThorneyInternationalPty Ltd andeach of theentities listedin Annexure A	Deemed relevant interest by virtue ofsection 608(3) of the CorporationsAct 2001 (and section 608(1) forThorney Management Services PtyLtd) in shares sold by ThorneyOpportunities Ltd	$nil	595,000ordinary shares	595,000
15-Nov-16	ThorneyInternationalPtyLtd	Share Placement	$0.16	3,879,802ordinary shares	3,879,802
	ThorneyInternationalPty Ltd andeach of theentities listedin Annexure A	Deemed relevant interest by virtue ofsection 608(3) of the CorporationsAct 2001 (and section 608(1) forThorney Management Services PtyLtd) in shares purchased by ThorneyOpportunities Ltd in theshareplacement	$nil	2,370,198ordinary shares	2,370,198

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevantinterest	Registered holder ofsecurities	Person entitled tobe registered asholder	Nature of relevantinterest	Class andnumber of shares	Person’svotes
ThorneyInternationalPtyLtd	Thorney InternationalPty Ltd	ThorneyInternationalPty Ltd	Beneficial Owner	57,375,441ordinary shares	57,375,441
ThorneyHoldingsProprietaryLimited	Thorney HoldingsProprietary Limited	Thorney HoldingsProprietary Limited	Beneficial Owner	18,687,726ordinary shares	18,687,726
ThorneyInvestmentGroup AustraliaPty Ltd	As above	As above	Deemed relevantinterest in sharesbeneficially ownedby ThorneyInternational Pty Ltdby virtue of section608(3) of theCorporations Act2001	76,063,167ordinary shares	76,063,167
Jamahjo Pty Ltd
ThorneyInternationalPty Ltd and eachof the entitieslisted inAnnexure A	Thorney OpportunitiesLtd	ThorneyOpportunities Ltd	Deemed relevantinterest by virtue ofsection 608(3) (andsection 608(1) forThorneyManagementServices Pty Ltd) ofthe CorporationsAct 2001	46,467,518ordinary shares	46,467,518

5. 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:

Name Nature of association

6. Addresses

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

Name	Address
Each of the entities listed in Annexure A	Refer to Annexure A
Thorney Opportunities LtdACN 080 167 264	Level 39, 55 Collins Street, Melbourne 3000

Signature

Print name AVEE WAISLITZ Capacity SECRETARY Sign here Date: 21 November 2016

==> picture [143 x 66] intentionally omitted <==

ANNEXURE ‘A’

This is Annexure A referred to in the Form 604 Notice of change of interests of substantial holder signed by me and dated 21 November 2016.

==> picture [143 x 65] intentionally omitted <==

.........................................

AVEE WAISLITZ Secretary

SUBSTANTIAL HOLDERS - ENTITY DETAILS

Entity	Address
Jamahjo PtyLtd,ACN 117 488 696	c/- TWF Partners,Level 4,25 Claremont Street,South Yarra,3141
Thistle Custodians PtyLtd, ACN 078 027 193	Level 39, 55 Collins Street, Melbourne 3000
Thistle Holdings PtyLtd, ACN 075 051 464	Level 39, 55 Collins Street, Melbourne 3000
ThorneyAlpha PtyLtd,ACN 162 820 537	Level 39,55 Collins Street,Melbourne 3000
ThorneyBeta PtyLtd,ACN 162 828 677	Level 39,55 Collins Street,Melbourne 3000
ThorneyHoldings PtyLtd, ACN 006 262 835	Level 39, 55 Collins Street, Melbourne 3000
ThorneyInternational PtyLtd, ACN 132 886 698	Level 39, 55 Collins Street, Melbourne 3000
Thorney Investment Group Australia Pty Ltd,ACN 117 488 892	Level 39, 55 Collins Street, Melbourne 3000
ThorneyManagement Services PtyLtd, ACN 164 880 148	Level 39, 55 Collins Street, Melbourne 3000
ThorneyOmega PtyLtd, ACN 163 964 636	Level 39, 55 Collins Street, Melbourne 3000
TIGA PropertyPtyLtd,ACN 117 811 453	Level 39,55 Collins Street,Melbourne 3000
TIGA(Ballarat)PtyLtd,ACN 117 812 030	Level 39,55 Collins Street,Melbourne 3000
TIGA Finance PtyLtd, ACN 118 521 412	Level 39, 55 Collins Street, Melbourne 3000
TIGA(Hawthorn)PtyLtd, ACN 126 952 663	Level 39, 55 Collins Street, Melbourne 3000
TIGA Tails PtyLtd,ACN 080 534 416	Level 39,55 Collins Street,Melbourne 3000
TIGA TradingPtyLtd,ACN 118 961 210	Level 39,55 Collins Street,Melbourne 3000