CAR GROUP LIMITED — Major Shareholding Notification 2017

Jan 15, 2017

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

	To Company Name/Scheme Carsales.Com Limited (CAR)
ACN/ARSN	ACN 074 444 018

1. Details of substantial holder (1)

Name		Hyperion Asset Management Limited
ACN/ARSN (if applicable)	080 135 897
The holder ceased to be a substantial holder on		13/01/2017

The noider ceased to be a substantial noider on	13/01/2017
The previous notice was given to the company on	09/03/2016
The previous notice was dated	09/03/2016

2. 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 changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
		See Annexure A

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:

Name and ACN/ARSN (if applicable)	All Nature of association

4. Addresses

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

Name	Address
Hyperion Asset Management Limited	L19/307 QUEEN STREET, BRISBANE QUEENSLAND 4000

Signature

print name	I W Harrison	capacity	Company Secretary
	sign here $9 \mu$ / $\mu$ 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 o	date and the same of the second construction of the same of the second complete second construction of the second construction of the second construction of the second construction of the second construction of the second const	16/01/2017 Ann an Aibheal Mhòrainn ann an Aonaichte an Aonaich Continued by Continued States and .

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 4 of the form.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(2)$
• $(3)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• Include details of: $(4)$
• $(a)$ any relevant agreement or other circumstances because of which the change in relevant interest occurred. 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 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 $(b)$ 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.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was $(5)$ 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.
• $(6)$ The voting shares of a company constitute one class unless divided into separate classes.
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(7)$

Carsales.Com Limited (CAR)

Annexure A

From 9 March 2016 to 13 January 2017

HYPERION

From	Гo	Person Whose Relevant Interest Changed	Nature	Consideration	Number of
Date	Date		ð		Securites
			Change
09-Mar-16	$13 - Jan - 17$	Auscoal Superannuation Pty Ltd	SELL	$-2,171,607.43$	$-185,420$
09-Mar-16	$13 - Jan - 17$	BUSS (Queensland) Pty Ltd	NBS	$-2,227,558.46$	$-191,682$
09-Mar-16	$13 - Jan-17$	Commonwealth Bank Officers Superannuation Corporation Pty Ltd	NBS	$-944,442.54$	$-81,429$
09-Mar-16	$13 - Jan - 17$	Coal Mining (Long Service Leave) Funding Corporation	TI3S	$-2,159,347.97$	$-196,238$
09-Mar-16	$13 - Jan - 17$	ColNVEST Limited	TI3S	$-1,016,532.33$	$-86,542$
09-Mar-16	$13 - Jan - 17$	Ltd Electricity Supply Industry Superannuation (QLD)	TI3S	$-2,553,733.23$	$-221,491$
09-Mar-16	$13 - Jan - 17$	The Greater Metropolitan Cemeteries Trust	SELI	$-550,685.17$	$-47,448$
09-Mar-16	$13 - Jan - 17$	First State Super	SELI	$-12,683,979.69$	$-1,112,015$
09-Mar-16	$13 - Jan - 17$	Hyperion Australian Growth Companies Fund	ЯUУ	127,885.06	21,211
09-Mar-16	$13 - Jan - 17$	Hyperion Small Growth Companies Fund	NUR	3,060,091.78	260,746
09-Mar-16	$13 - Jan - 17$	Insurance Commission Western Australia	TI3S	$-1,885,342.92$	$-163,837$
09-Mar-16	$13 - Jan - 17$	KARU Pty Ltd ATF Murdoch Family Trust No 1	SELL	$-17,740.57$	$-1,448$
09-Mar-16	$13 - Jan - 17$	Maritime Super Pty Ltd	TI3S	$-1,793,530.81$	$-158,584$
09-Mar-16	$13 - Jan - 17$	Meat Industry Employees' Superannuation Fund Pty Ltd	SELL	$-937,212.43$	$-74,299$
09-Mar-16	$13 - Jan - 17$	The Australian Rechabite Foundation Limited	SELI	$-2,452.18$	$-205$
09-Mar-16	$3 - Jan - 17$	SAS Trustee Corporation	TI3S	$-4,152,421.79$	$-347.049$
09-Mar-16	$13 - Jan - 17$	Unipension Invest F.M.B.A	SELI	$-6,245,628.62$	$-559,468$
09-Mar-16	$13 - Jan - 17$	United Super Pty Ltd	SELI	$-12,362,228.24$	$-1,038,628$
09-Mar-16	13-Jan-17	The University of Queensland	SELI	$-657470.25$	-57825
09-Mar-16	$13 - Jan - 17$	Individually managed accounts	PEET		$-65110$
Signed by:	945			-49,173,937.79	$-4,306,761$
		$\sim$ $\sim$ $\sim$ $\cdots$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$

Capacity:

Ian Harrison This is Annexure "A" of 1 page as mentioned in Form 605 Notice of ceasing to be a substantial holder
Company Secretary
16 January 2017