CLEARVIEW WEALTH LIMITED — Major Shareholding Notification 2007

Aug 16, 2007

604 page 1/2

Form 604

Corporations Act Section 671B

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

ACN (if applicable)

GUINNESS PEAT GROUP plc & its subsidiaries

Incorporated and registered in England and Wales with registered number 103548

There was a change in the interests of the substantial holder on 15/08/07 The previous notice was given to the company on 16/08/07 The previous notice was dated 16/08/07

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	Previousnotice	Presentnotice	Presentnotice
	Person'svotes	Voting power(5)	Person'svotes	Voting power(5)
Ordinary	**24,239,791 **	9.31%	28,419,260	10.92%

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
15/08/07	Guinness Peat Group plc &its subsidiaries	Acquired on market	$4,613,444.86	4,179,469 ORD	4,179,469

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	21,757,092 Ord	21,757,092
Group plc & its		subsidiaries	owner
subsidiaries
Guinness Peat	Bell Potter Nominees Limited	Guinness Peat Group plc & its	Beneficial	6,662,168 Ord	6,662,168
Group plc & its		subsidiaries	owner
subsidiaries

form604-mma170807.doc

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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:

mpany or scheme are as follows:
Name and ACN (if applicable)	Nature of association
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

6. Addresses

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

Signature

print name sign here	Graeme J Cureton Capacity Director
	Date 17 August 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-mma170807.doc