CLEARVIEW WEALTH LIMITED — Major Shareholding Notification 2007

Aug 15, 2007

604 page 1/3

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 14/08/07 The previous notice was given to the company on 24/07/07 The previous notice was dated 24/07/07

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	17,248,109	6.75%	**24,239,791 **	9.31%

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	Nature of change (6)	Nature of change (6)	Consideration	Consideration	Class and		Person's votes affected	Person's votes affected
		interest changed			given in	relation	number of
					to change (7)		securities affected
	Refer Annexure
	“A”
	t interests
	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		18,507,092 Ord		18,507,092
	Group plc & its			subsidiaries		owner
	subsidiaries
	Guinness Peat	Bell Potter Nominees Limited		Guinness Peat Group plc & its		Beneficial		5,732,699 Ord		5,732,699
	Group plc & its			subsidiaries		owner
	subsidiaries

4. Present relevant interests

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

form604-mma160807.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:

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 16 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-mma160807.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 16 August 2007.

GJ Cureton 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	Consideration	Class and	Person’s
Change	relevant interest	Change	given in	number of	votes
	changed		relation to	securities	affected
			change	affected
23/07/07	Guinness Peat Group	Acquired on	$184,064.49	174,864 ORD	174,864
	plc & its subsidiaries	market
25/07/07	Guinness Peat Group	Acquired on	$211,552.50	200,000 ORD	200,000
	plc & its subsidiaries	market
27/07/07	Guinness Peat Group	Acquired on	$104,902.34	100,000 ORD	100,000
	plc & its subsidiaries	market
30/07/07	Guinness Peat Group	Acquired on	$281,910.55	269,259 ORD	269,259
	plc & its subsidiaries	market
31/07/07	Guinness Peat Group	Acquired on	$8,380.06	7,989 ORD	7,989
	plc & its subsidiaries	market
01/08/07	Guinness Peat Group	Acquired on	$944,171.22	894,737 ORD	894,737
	plc & its subsidiaries	market
02/08/07	Guinness Peat Group	Acquired on	$320,730.09	300,000 ORD	300,000
	plc & its subsidiaries	market
06/08/07	Guinness Peat Group	Acquired on	$221,870.93	208,000 ORD	208,000
	plc & its subsidiaries	market
10/08/07	Guinness Peat Group	Acquired on	$124,015.63	116,000 ORD	116,000
	plc & its subsidiaries	market
13/08/07	Guinness Peat Group	Acquired on	$64,447.17	60,000 ORD	60,000
	plc & its subsidiaries	market
14/08/07	Guinness Peat Group	Acquired on	$5,142,183.86	4,660,833 ORD	4,660,833
	plc & its subsidiaries	market

form604-mma160807.doc