CLEARVIEW WEALTH LIMITED — Major Shareholding Notification 2007

Sep 19, 2007

604 page 1/3

Corporations Act Section 671B

Form 604

Notice of change of interests of substantial holder

To Company Name/Scheme		MMC CONTRARIAN LIMITED
ACN/ARSN		106 248 248
1. Details of substantial holder (1)
Name		GUINNESS PEAT GROUPplc & its	subsidiaries
ACN (if applicable)		Incorporated and registered in England and Wales with registered number 103548
There was a change in the interests of the substantial holder on		18/09/07
The previous notice was given to the company on		17/08/07
The previous notice was dated		17/08/07
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 ofsecurities (4)	Previousnotice		Present notice

Class ofsecurities (4)	Previousnotice	Previousnotice	Present notice	Present notice
	Person'svotes	Voting power(5)	Person'svotes	Voting power(5)
Ordinary	28,419,260	10.92%	**31,165,097 **	11.97%

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 or scheme 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 securities affected	Person's votes affected
Refer Annexure “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	Registered holder of	Person entitled to be	Nature of relevant	Class and	Person's votes
relevant interest	securities	registered as holder (8)	interest (6)	number of
				securities
Guinness Peat	Tricom Nominees Pty Limited	Guinness Peat Group plc & its	Beneficial	22,011,662 Ord	22,011,662
Group plc & its		subsidiaries	owner
subsidiaries
Guinness Peat	Bell Potter Nominees Limited	Guinness Peat Group plc & its	Beneficial	9,153,435 Ord	9,153,435
Group plc & its		subsidiaries	owner
subsidiaries

form604-mma200907.doc

604 page 2/3

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: Name and ACN (if applicable) Nature of association 6. Addresses The addresses of persons named in this form are as follows: Name Address Guinness Peat Group plc & its subsidiaries First Floor ,Times Place, 45 Pall Mall, London SW1Y 5GP Tricom Nominees Pty Limited Level 13 8 Exhibition Street Melbourne Vic 3000 Bell Potter Nominees Limited GPO Box 4718TT Melbourne Vic 3001 Signature print name Gary H Weiss Capacity Director sign here Date 20 September 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 6 of the form. (2) See the definition of "associate" in section 9 of the Corporations Act. (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act. (4) The voting shares of a company constitute one class unless divided into separate classes. (5) The person's vote divided by the total votes in the body corporate or scheme multiplied by 100. (6) Include details of: (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 (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. (7) 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. (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) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

form604-mma200907.doc

604 page 3/3

ANNEXURE “A”

This is Annexure “ A ” of one page referred to in the Form 604 signed by me and dated 20 September 2007.

GH Weiss Director

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 or scheme are as follows:

Date of	Person whose	Nature of Change	Consideration	Class and number	Person’s
Change	relevant interest		given in relation	of securities	votes affected
	changed		**to change **	affected
16/08/07	Guinness Peat Group	Acquired on market	$715,011.98	654,267 ORD	654,267
	plc & its subsidiaries
17/08/07	Guinness Peat Group	Acquired on market	$412,545.31	377,254 ORD	377,254
	plc &its subsidiaries
20/08/07	Guinness Peat Group	Acquired on market	$216,368.49	196,136 ORD	196,136
	plc & its subsidiaries
21/08/07	Guinness Peat Group	Acquired on market	$114,988.58	104,015 ORD	104,015
	plc &its subsidiaries
22/08/07	Guinness Peat Group	Acquired on market	$32,906.31	29,766 ORD	29,766
	plc & its subsidiaries
23/08/07	Guinness Peat Group	Acquired on market	$7,813.67	7,068 ORD	7,068
	plc &its subsidiaries
24/08/07	Guinness Peat Group	Acquired on market	$102,149.31	92,401 ORD	92,401
	plc & its subsidiaries
27/08/07	Guinness Peat Group	Acquired on market	$24,044.63	21,750 ORD	21,750
	plc &its subsidiaries
28/08/07	Guinness Peat Group	Acquired on market	$44,220.00	40,000 ORD	40,000
	plc & its subsidiaries
29/08/07	Guinness Peat Group	Acquired on market	$251,918.02	227,877 ORD	227,877
	plc &its subsidiaries
30/08/07	Guinness Peat Group	Acquired on market	$77,214.76	69,846 ORD	69,846
	plc & its subsidiaries
31/08/07	Guinness Peat Group	Acquired on market	$94,987.87	85,923 ORD	85,923
	plc &its subsidiaries
03/09/07	Guinness Peat Group	Acquired on market	$56,274.38	50,904 ORD	50,904
	plc & its subsidiaries
04/09/07	Guinness Peat Group	Acquired on market	$34,685.06	31,375 ORD	31,375
	plc &its subsidiaries
05/09/07	Guinness Peat Group	Acquired on market	$43,734.68	39,561 ORD	39,561
	plc &its subsidiaries
06/09/07	Guinness Peat Group	Acquired on market	$102,268.70	92,509 ORD	92,509
	plc &its subsidiaries
07/09/07	Guinness Peat Group	Acquired on market	$68,052.37	61,558 ORD	61,558
	plc &its subsidiaries
10/09/07	Guinness Peat Group	Acquired on market	$11,504.94	10,407 ORD	10,407
	plc &its subsidiaries
11/09/07	Guinness Peat Group	Acquired on market	$54,847.17	49,613 ORD	49,613
	plc &its subsidiaries
12/09/07	Guinness Peat Group	Acquired on market	$35,941.96	32,622 ORD	32,622
	plc &its subsidiaries
17/09/07	Guinness Peat Group	Acquired on market	$340,745.25	320,000 ORD	320,000
	plc &its subsidiaries
18/09/07	Guinness Peat Group	Acquired on market	$160,738.88	150,985 ORD	150,985
	plc &its subsidiaries

form604-mma200907.doc