CAR GROUP LIMITED — Major Shareholding Notification 2017

Oct 23, 2017

Form $604$

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

	CARSALES COM LIMITED
To Company Namo/Scheme
ACNIARSN	074 444 018
1. Details of substantial holder(1)
	YARRA FUNDS MANAGEMENT LIMITED (YFM); YARRA CAPITAL MANAGEMENT HOLDINGS PTY LTD
Name	ACN 614 782 795 (YOMH); YARRA MANAGEMENT NOMINEES PTY LTD ACN 616 681 068 (YMN); AA AUSTRALIA FINCO PTY LTD ACN 614 781 172 (FINCO); TA SP AUSTRALIA TOPCO PTY LTD ACN 612 486 452 (TOPCO); TA UNIVERSAL INVESTMENT HOLDINGS LTD (UNIVERSAL)
ACN/ARSN (if applicable)	005 885 567
There was a change in the interests of the substantial holder on	20710717
The previous notice was given to the company on	11705717
The previous notice was dated	11/05/17

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes.	Voting power (5)	Person's votes	Voting power (5) ---------------
Ordinary Fully Paid Sheres --------------------------------------	15,932,773	hard and hardwood filled common interaction and 6.5899%	12,831,790	-9.3019%

3. 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 are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change $(7)$	Class and number of $^\mathrm{t}$ securities affected.	Person's votes affected
REFER TO ATTACHMENT A	- All substantial holders named in - above			REFER TO ATTACHMENT A

4. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder. (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
All substantial holders named in 1 above	UBS Nominees Pty Ltd. HSBC Custody Nominees (Australia) Limited	YFM as the responsible entity for a range of managed. investment schemes	Relevant interest held in YFM's capacity as responsible entity for the range of funds it manages.	Ordinary Fully Paid Shares / 1.991.248	1,991,248
All substantial holders named in 1 above	National Australia Bank Asset Servicing, BNP Paribas Securities Services, JPMorgan Chase Bank NA State Street Australia Limited, Citigroup Pty Limited, Invia Custodian Pty Limited, Northern Trust Company, National Nominaae Limbad	Various clients	Relevant interest held in YFM's capacity as: investment manager for a range of client portfolios.	Ordinary Fully Paid Shares / 10,840,542	10.840.542

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows.

Program and Contract Contract Contract Contract Contract Contract Contract Contract Contract Contract Contract Contract Contract Contract Contract Contract Contract Contract Contract Contract Contract Contract Contract ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, $\mathcal{L} \subseteq \mathcal{L}$ Name and ACN/ARSN ' applicable) . -----------------------------	-------------------------------------- Nature of f association _________
N A
. -------	--------------------------------------

6 Addresses

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

Name	Address
YEM	LEVEL 19, 101 COLLINS STREET, MELBOURNE, VICTORIA 3000, AUSTRALIA
YCMH	LEVEL 19, 101 COLLINS STREET, MELBOURNE VICTORIA 3000, AUSTRALIA
YMN	LEVEL 19, 101 COLLINS STREET, MELBOURNE VICTORIA 3000, AUSTRALIA
FINCO	58 GIPPS STREET, COLLINGWOOD VICTORIA 3066, AUSTRALIA
TOPCO.	58 GIPPS STREET, COLLINGWOOD VICTORIA 3066, AUSTRALIA
LINIVERSAL	BRD FLOOR, DEVONSHIRE HOUSE 1 MAYFAIR PLACE, LONDON W1J 8AJ, UNITED KINGDOM

provided a series of Signature	approached the contract of the contract of the print name	GARVIN LOUIE	capacity COMPANY SECRETARY OF YEM.
	sign here	The Contract of the Contract of the Contract of the Contract of the Contract of the Contract of the Contract of The Contract of the Contract of The Contract of The Contract of The Contract of The Contract of The Contract	date $24 / 10 / 2017$
$\cdots$ $\cdots$ $\cdots$		DIRECTIONS	the company of the company of the company of the company of the company of the company of the company of the company of the

• $(1)$ 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 6 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• include details of: 16)
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(4) applies, $\left( 3\right)$ a copy of any opcument 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 exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of $(b)$ 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.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, $(T)$ 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.
• If the substantial holder is unable to determine the identify of the person (eg. if the relevant interest arises because of an option) write "unknown". $(3)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. (T)

ATTACHMENT A

Form 604 - Notice of change of interests of substantial holder

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

Date of	Consideration			Class and number of Securities
Acquisition	Transaction Type	Cash	Non-cash	Class	Number
11/05/2017	SELL.	1,511,033	Nil	Ordinary Fully Paid Shares	125,666
12/05/2017	SELL	6,178	Nil	Ordinary Fully Paid Shares	528
15/05/2017	SELL	62,171	Nil	Ordinary Fully Paid Shares	5,349
18/05/2017	SELL	7,292	Mil	Ordinary Fully Paid Shares	643
22/05/2017	SELL	13,345	ΝIΙ	Ordinary Fully Paid Shares	1,155
25/05/2017	BUY	28,362	Nil	Ordinary Fully Paid Shares	2,445
25/05/2017	SELL	243	Nil	Ordinary Fully Paid Shares	21
26/05/2017	SELL	715	Nil	Ordinary Fully Paid Shares	63.
29/05/2017	SELL	2,169	Nil	Ordinary Fully Paid Shares	197
30/05/2017	SELL	493,518	Nil	Ordinary Fully Paid Shares	45,378
2/06/2017	SELL	10,479	Nil	Ordinary Fully Paid Shares	934
5/06/2017	SELL	5,762	Nil	Ordinary Fully Paid Shares	508
16/06/2017	SELL	1,372	Nil	Ordinary Fully Paid Shares	119
19/06/2017	BUY	4,325	Nil	Ordinary Fully Paid Shares	378
21/06/2017	SELL	1,387	Nil	Ordinary Fully Paid Shares	120
22/06/2017	BUY	90,412	Nil	Ordinary Fully Paid Shares	7,788
22/06/2017	BUY	22,848	Nil	Ordinary Fully Paid Shares	1,968
22/06/2017	SELL	16,931	NII	Ordinary Fully Paid Shares	1,465
23/06/2017	BUY	133,979	Nil	Ordinary Fully Paid Shares	11,540
23/06/2017	SELL	9,918	Νij	Ordinary Fully Paid Shares	850
26/06/2017	BUY	588,288	Nil	Ordinary Fully Paid Shares	50,281
26/06/2017	SELL	926	ΝIΙ	Ordinary Fully Paid Shares	79
27/06/2017	SELL	1,151	Nil	Ordinary Fully Paid Shares	100
27/06/2017	SELL	10,370	Nil	Ordinary Fully Paid Shares	891
29/06/2017	BUY	187,037	Nil	Ordinary Fully Paid Shares	15,891
3/07/2017	SELL	151,982	Nil	Ordinary Fully Paid Shares	13,198
3/07/2017	SELL	291	Nil	Ordinary Fully Paid Shares	25 $\sim 0.02$
4/07/2017	SELL	4,187	Nil	Ordinary Fully Paid Shares	357
4/07/2017	SELL	319,701	ΝiΙ	Ordinary Fully Paid Shares	27,229
7/07/2017	SELL	5,885	NŧÌ	Ordinary Fully Paid Shares	506
11/07/2017	SELL	18,401	Nil	Ordinary Fully Paid Shares	1,560
13/07/2017	SELL	60,055	N₫	Ordinary Fully Paid Shares	5,054
17/07/2017	SELL	19,681	NĦ	Ordinary Fully Paid Shares	1,618
18/07/2017	SELL	214,921	Nii	Ordinary Fully Paid Shares	17,940
18/07/2017	Transfer In		Nil	Ordinary Fully Paid Shares	484,563
19/07/2017	BUY	394,941	Nil	Ordinary Fully Paid Shares	33,134
19/07/2017	SELL	4,678	Νil	Ordinary Fully Paid Shares	392

19/07/2017	SELL	114,708	Nil	0511naly Fully Paid Shares	9,559
20/07/2017	SELL	45,169	NII	Ordinary Fully Paid Shares	3,647
20/57/2017	SELL	26,851	NiI	Ordinary Fully Pald Shares	2,148
21/07/2017	SEU	27.572	Nll	Ordinary f€y Paid Shares	2,228
21/07/2017 --	SELL	18,856	N]1	Ordinary Fully hid Sbrm	U23
24/07/2017	SEU	46,456	Nil	Ordinary Fuly Paid Shares	3,70
25/07/2017	SEU	37,157	Ni;	Ordin,r¥ Fu-91Paid Shares	2,970
26157/2017	SELL	1401102	Ntt	Or[:Inary Fully Paid Shares	11,220
26/07/2017	SELL	7,124	Nll	Ordinary Fully Paid Shares	570
26/07/2017	Ransfer 00		Nil	Ordinary Fully Paid Shares	2,415
27/07 1017	BUY	6,369	Nil	Orclinaly Fu XpidShares	507
27/07/2017	SELL	30 15	NII	Ordinary Fully Pild Shiris	2,410
28/07/2 17	BUY	15,057	Nll	--- Ordinary Fully Paid Shares	1,223_
28/07/2017	SELL	- 29,372	Nil	Ordlnafy Fully Paid Shares	2,392
28/07/2017	SELL	4,927	NI	Ordinary [glly flaid Shares	401
31/07/2017	SELL	1,808	NI	Ordinary F* Paid Shares	146
1/08/2017	SELL	44,109	Ni	ormnary fully Paid Shares	3,571
1/08/2017	SELL	1!04	NI	Ordinary Fully Paid Shares	1 8
2/08/2017	SELL	16,246	NI	Ordinary Fully Paid Shares	1,304
3/08/2017	Transfer In		Ni	Ordinary Fully-faid Shares	121
4/08/2017	SELL	1,042	NI	Ordinary Fully Paid Shares	83
7/08/2017	SEU -	2,700	NI	Ordinary Fully Paid Sh@res	216
7/08/2017	SELL	2£188_	NI	Ordinary Fully Paid Shares	175
15017	Transfer out		Nt	Ordinary Fully Paid Shares Ordinary Illy	16
9 08/2017	SELL 5EU	1595 6,165	Nil NH	Paid Shares Ordinary Mly Paid Shares	124 462
10/08/2017 10/08/2017	SEU	_ 90,835	Nll	Ordinary Fully Paid Shares	6,790
10/08/2017	SELL	11,618	Nil	Ordir,ary Fully Paid SharEs	868
11/08/2017	BUY	9.593	Nll	Ordinary Fully Paid Shares	720
11/08/2017	SELL	18899	Nil	Ordinary Fully Paid Shares	1,423
118 2017	SEU	347	NII	Ordlnlry Fully Paid Shares	26
22.'7	BUY	3,737	Nil	Ordirmry Fully Paid Shares	277
14 08/2017	SELL	2,006	NH	Ordirmry Fully Pild Shares	149
14/08/2017	SELL	849	Nit	Ordliry Fully Pmid Shares	63
14/08/2017	SEU	f,281,544	Nil	Ordlr ry Fully Paid Shares	95#27
14/08/2017	SELL	2,707 00	NI!	brdinafy fully hid Shares	200,000
14/09/2017	SELL	344,021	Nit	Ordinary Fully Paid Shares	25,407
MA08/2017	SELL	596	Nil	Ordinary FuUy P€.®irc\$
151( /2017	SELL	2,862	NII	Ordinary Fully PAId Shares	209
15/08/2017	- SELL	860 103 - ,	NII	Ordinary Fully Paid Shares
15/08/2017	SELL	19975	Mil	Ordinary fully Paid Shares	1,448
16/08/2017	SEU	27,158	Nll	Ordinary Fully Paid Shares	.-0-34
108 17	SEU	12,638	Nil	Ordinary Fully Paid Shares	946
16/08/2017	SELL	110,276	Ni!.	_ .OrdinaryFully Paid Shares	8,248
16/08/2017	SELL	553	Nil	Ordinary Fully Paid Shores -------	3k
168*2017	SELL	120,841	NII	Ordinary Fully Paid Shares	23,796
17/08/2017	SEU	3,275,186	Nll	Or nary Fully Paid Shares	244,364
17/OR/2017	SELL	35,101	Nil	. Ordinary Fully Paid Shares	2,614

18/08/2017	SELL	662	Nif	Ordinary Fully Paid Shares	50
18/08/2017	SELL	11,595	ΝiΙ	Ordinary Fully Paid Shares	875
21/08/2017	SELL	12,309	Nil	Ordinary Fully Paid Shares	931
22/08/2017	SELL	931	Nil	Ordinary Fully Paid Shares	70
22/08/2017	SELL	21,891	Nil	Ordinary Fully Paid Shares	1,642
22/08/2017	Transfer In		Nil	Ordinary Fully Paid Shares	$\mathcal{I}$
23/08/2017	SELL	982	Nil	Ordinary Fully Paid Shares	74
24/08/2017	SELL	4,332	Nil	Ordinary Fully Paid Shares	325
24/08/2017	SELL	2,293,259	Nil	Ordinary Fully Paid Shares	172,000
24/08/2017	SELL	875,073	Nil	Ordinary Fully Paid Shares	65,524
24/08/2017	SELL	2,965	Nil	Ordinary Fully Paid Shares	222
25/08/2017	SELL	4,592	Nil	Ordinary Fully Paid Shares	345
25/08/2017	Transfer Out		NH	Ordinary Fully Paid Shares	17
28/08/2017	SELL	26,077	Nil	Ordinary Fully Paid Shares	1,966
29/08/2017	SELL	6,113	Nil	Ordinary Fully Paid Shares	462
30/08/2017	SELL	8,528	Nil	Ordinary Fully Paid Shares	643
30/08/2017	SELL	13,927	Nil	Ordinary Fully Paid Shares	1,050
31/08/2017	SELL	13,847	Mil	Ordinary Fully Paid Shares	1,021
1/09/2017	SELL	148,334	Ni.	Ordinary Fully Paid Shares	10,863
1/09/2017	SELL	12,916	Nil	Ordinary Fully Paid Shares	944
4/09/2017 4/09/2017	SELL SELL	9,943 1,417	Nil Nil	Ordinary Fully Paid Shares Ordinary Fully Paid Shares	733 105
5/09/2017	SELL	877,789	Nil	Ordinary Fully Paid Shares	64,656
5/09/2017	SELL	83,611	Nil	Ordinary Fully Paid Shares	6,156
5/09/2017	SELL	10,624	Nil	Ordinary Fully Paid Shares	782
6/09/2017	Βυγ	579	₽Iil	Ordinary Fully Paid Shares	43
6/09/2017	SELL	1,978	MI	Ordinary Fully Paid Shares	147
6/09/2017	SELL	1,675,742	Nil	Ordinary Fully Paid Shares	124,411
7/09/2017	SELL	12,340	Nīl	Ordinary Fully Paid Shares	909
7/09/2017	SELL	6,725,346	₩ił	Ordinary Fully Paid Shares	494,220
7/09/2017	SELL	4,453	Νiί	Ordinary Fully Paid Shares	327
8/09/2017	SELL	6,197	Nil	Ordinary Fully Paid Shares	452
11/09/2017	SELL	1,387,240	Nil	Ordinary Fully Paid Shares	100,000
11/09/2017	SELL	8,245	Nil	Ordinary Fully Paid Shares	594
11/09/2017	SELL	777,540	Nil	Ordinary Fully Paid Shares	56,001
11/09/2017	SELL	4,167	Nil	Ordinary Fully Paid Shares	300
11/09/2017	SELL	833,670	Nil	Ordinary Fully Paid Shares	60,000
12/09/2017	SELL	722	Νij	Ordinary Fully Paid Shares	52
12/09/2017	SELL	317,967	ΝIΙ	Ordinary Fully Paid Shares	22,905
12/09/2017	SELL.	1,375	Nil	Ordinary Fully Paid Shares	99
12/09/2017	SELL	29,309	Νij	Ordinary Fully Paid Shares	2,108
12/09/2017	SELL	1,871,384	Nil	Ordinary Fully Paid Shares	134,424
13/09/2017	SELL	127,456	Nil	Ordinary Fully Paid Shares	9,190
13/09/2017	SELL	10,661	NI	Ordinary Fully Paid Shares	768
13/09/2017	SELL	403	Nil	Ordinary Fully Paid Shares	29
13/09/2017	SELL	1,868,557	Nil	Ordinary Fully Paid Shares	134,387
14/09/2017 14/09/2017	BUY	3,016	Nil	Ordinary Fully Paid Shares	214
	BUY	195,123	Nil	Ordinary Fully Paid Shares	13,821

1*09/2017	SELL	145,068	Nlt	Ordinary Ful Paid Shares	10,388
14/09/2017	Transfer In		NII	Ordinary Fully Paid Shares	235
15/09/2017	SEU	38,141	Nll	Ordinary Fully Paid Shares	2,740
15/09/2017	SEU	990	NII	Ordinary Fully Paid Shares	71
18/09/Z017	SELL	16,599	Nil	Ordiniry Fully P,id Share,	1,181
18/09/2017	SELL	472,628	NII	Ordinary Fully Paid Shares	38 53
19/09/2017	SELL	5,428	Nll	Ordinary Fully Paid Shares	421
20/09/2017	SELL	730	Nil	Ordinary Fully Paid Shares	53
21/09/2017	SELL	548,815	Nil	Ordinary Fully P,id Shares	41,135
21/09/2017	SELL	430	Nll	Ordinary Fugy Paid Shares	32
22/09/2017	SELL	9,755	Nll	Ordinary Fully Paid Shares	737
22/09/2017	SELL	2,596	Nil	Ordinary Fdly Pid-§'MIE	195
25/09/2017	BUY	1,963	Nl	Ordinary Fully Paid Shares
25/09 2017	SELL	1,74	Ni	Ordinar, Fully Paid Shares	538
2 /09/2017	SELL	566 47	NI	Ordinary Fully Paid Shares	43,539
26/09/2017	SELL	1,563,136	NI	Ordinary Fully Paid Shares	120,147
29 2#017		5-121	Nll	Ordinary Fully Paid Shares	3,946
27/09/2017	SELL	1 37	NI[	Ordlnery Fully Paid Shares	571
28/09/2017	BUV	7,532	Nll	Ordinary Fully Paid Shares	583
28/09/2017	SEU	9£412	Nil	Ordinary Fully Paid Shares	729
29/D9/2017	SELL	£988	NII	Ordinary Fully Paid Shares	Shares 700
Z/10/2017	Transfer Out		NII	Ordinary Fully Pald	18
3/10/2017	SEU	50,242	Mil	Ordir•ary Fully Paid Shares	3,928
3/10/2017	SELL	282.703	Nil	Ordinary Fully Paid Shares	21332
-SM¥*!17	SELL	177,254 -.	Mil	Ordinary Fully Paid Shares	13,957
4/10/2017	SELL	172,415	Nil	Ordinary Fully Paid Shares	21,421
4/10/2017	SELL	19,459	Nil	Ordinary Fully Paid Shares	1,528
5/10/2017	SEU	2,758	NII	Ordinary Fully Paid Shares	217
5/10/7017	SELL	8 51	NII +	Ordinafy Fully Paid Shares	6,317
SAO/2017	SEU	-3942	Nil	00nary Fully Pild Shgres	2,227
-W*2217	SEU	7,102	Nfl	Ordinary Fully Paid Shares	558
6 2017	SEU	68,187	NII	Ordinary Fully Paid Sheres	5,294
6/10/2017	SEU	11314	NII	Ordinary Fully Paid Shares	- -- 878
9/10/2017	SEU	684	Nil	Ordlnarv Fullv Paid Shares	53
9/10/2017	SEU	-- 646 -	NH	Ordinary Fully Paid Shares	SO
10/10/2017	SEU	399	Nll	Ordinary Fully Paid Shares	31
11/10/2017	SELL	41,287	Nll	Ordinary Fully Paid Shares	3,139
11/1012017	Transfer Out		NII	Ordinary Fully Paid Sha _	4
12/100017	SEU	60,657	Nil	Ordinary Fully Paid Shares	4 39
12/10/2017	SELL	3,202	NII	Ordinary Fully Peld Shares	239
13/10/1017	SEU	93	NII	Ordinary Fully Pold Shares	7
16/10/2017	SELL	26#031	Nil	Ordinary Fully Paid Shares	1,941
16/10/2017	SELL SELL		Nil	--- Ordinary Fully Paid-Shares Ordinary Fully Paid Shares	3,016 -
17/10/2017		6,(MS 5,683	NO	Ordinary Fully Paid Shares	452
17/10/2017	Sell		NII		424
18 10/2017	SELL	1U73	Nll	Ordinary Fully Paid Shares	850
18/10/2017	SELL SELL	6,272 18,660 -_	Nil Nil	Ordinary Fully Paid Shares Ordinary Fully Paid Shares	464 1,376
18/10/2017

19/10/2017	SEU	10,607	Nil	Ordinary Fldly Paid Shares
19/10/2017	SELL	6,041	NI	Ordinary Fully Paid Shares	439
19/10/2017	SELL	43,066 _	Nil	Ordinary Fully Paid Shares	3,129
	Reduction due to change of client
	20/10/2017 Investment mandate		NI	Ordinary Fully Pald Shares	864,712
20/10/2017	SEU	1,429	Nll	Ordinary Fully Paid Shares	104