CAR GROUP LIMITED — Major Shareholding Notification 2017

Nov 22, 2017

$\begin{array}{c} \textbf{Form 605} \ \textbf{Corporations Act 2001} \ \textbf{Section 671B} \end{array}$

Notice of ceasing to be a substantial holder

Jo Company Name/Scheme	CARSALES.COM UMITED
ACNIARSN	074 444 018
1. Details of substantial holder (1)
Name	YARRA FUNDS MANAGEMENT LIMITED ACN 005 885 567 (YFM); YARRA CAPITAL MANAGEMENT HOLDINGS PTY LTD ACN 614 782 795 (YCMH); YARRA MANAGEMENT NOMINEES PTY LTD ACN 816 881 068 (YMN); AA AUSTRALIA FINCO PTY LTD ACN 614 781 172 (FINCO); TA SP AUSTRALIA TOPCO PTY LTD ACN 512 486 452 (TOPCO); TA UNIVERSAL INVESTMENT HOLDINGS LTD (UNIVERSAL)
ACN/ARSN (if applicable).	005 885 567
The holder ceased to be a
substantial holder on	21/11/2017
The previous notice was given to the company on	24/10/2017
The previous notice was dated	クルハ ハンハイラ

1. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant Interest (2) of the substantial holder or an associate (3) 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 are as follows:

Date of: change	Person whose relevant interest chanoed	Nature of change $(4)$	lOonsideration i loiven in relation $ $ to change $(5)$	$Classa(6)$ and number of securities affected	Person's votes affected
$-21^{\rm n}$ October 2017 to $21^{\rm n}$ . November 2017	All substantial holders named in 1 above .	Purchased on market	5121814	8.902	8.902
		-Sold on market	\$1,068,910	78.785	78.785
		Transfer		1.073.586	1.073.588

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

******** 1.1111 ---------------------------------------	_________ .
Name and ACN/ARSN (if applicable)	Nature of association
8. _________	-------------------------------------- . Contract Service Services ------------- ---------------------------------------
N/A	NH
-------------------------------------- ________ _	________ ---------------------------

4. Addresses

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

Name	Aricico en
IYFM.	LEVEL 19, 101 COLLINS STREET, MELBOURNE VICTORIA 3000
iYCMH.	LEVEL 19, 101 COLLINS STREET, MELBOURNE VICTORIA 3000
lYMN.	ILEVEL 19, 101 COLLINS STREET, MELBOURNE VICTORIA 3000
IFINCO	56 GIPPS STREET, COLLINGWOOD VICTORIA 3066
TOPCO	58 GIPPS STREET, COLLINGWOOD VICTORIA 3066
KINIVERSAL	ISRD FLOOR, DEVONSHIRE HOUSE 1 MAYFAIR PLACE, LONDON W1J JBAJ, UNITED KINGDOM

Signature

	print name GARVIN LOUIE	capacity	COMPANY SECRETARY
sign here		date	23 NOVEMBER 2017

DIRECTIONS

• 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 $(1)$ 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 4 of the form.
• $(2)$ See the definition of "rolevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(3)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(4)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(4) applies, a copy $\left( n\right)$ 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
• any qualification of the power of a person to oxercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the
  securities to which the relevent interest relates (indicating clearly the $\langle \mathbf{b} \rangle$

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $\left( 5\right)$ Details of the consideration must include any and all benefits, moneys 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.
• $\left( 6\right)$ The vating shares of a company constitute one class unless divided into separate classes.
• $(7)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.