COMPUTERSHARE LIMITED. — Major Shareholding Notification 2003

Apr 30, 2003

Portfolio Partners Limited ABN 85 066 081 114 Level 4 530 Collins Street Melbourne 3000 GPO Box 20075 Melbourne 3001 Tollfree 1800 671 849 Fax 03 9220 0333 Email trustservices@ppl.com,au www.portfollopartners.com.au

Facsimile Message

Fax:	02 9241 7620	Date: 29 April 2003	No. Of Pages: 12
To:		Australian Stock Exchange Ltd. Sydney
	From: Tony Burrill
		Subject: Computershare Limited & Volante Group Limited

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We enclose herewith Form 604 providing notification of an initial Substantial Shareholder notice in respect of relevant interests in the above company.

Regards

Tony Burrill Head of Operations

Originally faxed Tues
— M SZTET Multos l to $204 - 03$

$1.42$ cm

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01/ 1. MAY. 20031415: 53AX 61 ASX LISTINGS SYD 61 2 92417620RINERS 61 3 9866 5524

604 page 1/7 13 March 2000

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Corporations Law

Section 671B

	Notice of change of interests of substantial holder
To	Company Name/Scheme	Computershare Limited
1.	Details of substantial holder (1)
Name		Portfolio Partners Limited
	ABN (if applicable)	85 066 081 114
There was a change in the interests of the substantial holder on The previous notice was given to the company or scheme on i		29/04/2003 20/09/2002
	The previous notice was dated	20/09/2002

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 shares	27,770,066	5.01%	32,200,202	6.01%

* Based on Issued capital of 536,881,354 fully paid ordinary shares

5, 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 schome 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 sacurides affected	Person's yotes affected
Refer	Schedule 1 attached

Present relevant interests 4.

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 (S)	Nature of relevant interest (6)	Class and number of securities	Person's valus
Refer	Schedule 2 attached

Changes in association 5.

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
Not applicable	. .
	. ᅲ

1. MAY. 20034415: 53AA 64 ASX LISTINGS SYD 61 2 924176204INERS 61 3 9866 5524

604 page 2/7 13 March 2000

Addresses Ė.

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

Name All entities listed in Schedule 3	Address c/- Portfolio Partners Limited, Level 4, 530 Collins Street, Melbourne, Victoria, 3000

Signature

print name	Tony Bunill		capacity	Head of Operations
sign here			date	29. 04 / 2003
. د د د م	- 12 . ---	DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related $(1)$ corporations, or the manager and mustee of an equity lrust), 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 Law.
• (3) See the definition of 'relevant interest' in sections 608 and 671B(7) of the Corporations Law.
• (4) The voting shares of a company constitute one class unless divided into separate classes.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. (5)
• $(5)$ include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection (a) 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, scharne or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• (ከ) 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 Law.

• (7) Details of the consideration must include any and all benefits, money and other, that any parson 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 acouired.
• If the substantial holder is unable to determine the identity of the person (eg if the relevant interest arises because of an option) 78) write 'unlanewn'.
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding $(9)$ notice.

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61 3 9866 5524

SCHEDULE 1

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604 page 3/7 13 March 2000

Date of	Person whose relevant
change	interest changed	Nature of change	Consideration given in relation to change (7)	Class and number of securities affected
20/09/2002	Portfolio Parmers
	Limited and entities listed in Schedule 3	Purchases / (sales) on the ASX	51,771.654	810,900
24/08/2002	Portfolio Partners	Purchases /	(\$1,533,633)
	Limited and entities listed in Schedule 3	(sales) on the ASX.		$-709,572$
26/09/2002	Portfolio Parmers	Purchases /	S69, 439
	Limited and entities	(sales) on the		31.463
	listed in Schedule 3	ASX.
01/10/2002	Portfolio Partners
	Umited and entities	Purchases /	$(*75,086)$	$-33,951$
		(sales) on the
03/10/2002	listed in Schedule 3	ASX.
	Portfolio Parmers	Purchases /	\$53.291	23, 235
	Limited and entities	(sales) on the
	listed in Schedule 3	ASX
07/10/2002	Ponfolio Partners	Purchases /	5178,789	77769
	Umited and entities	(sales) on the
	Natad in Schedule 3	X8A
0B/10/2002	Portfolio Partners	Purchases /	\$251,470	110,641
	Limited and entities	(sales) on the
	listed in Schedule 3	ASX.
09/10/2002	Portfolio Partners	Purchases /	\$252,353	112.891
	Limited and entities	(sales) on the
	listed in Schedule 3	ASX
10/10/2002	Portfolio Partners	Purchases /	\$106,337	46,948
	Limited and antities	(cales) on the
	li sted in Schedule 3	ASX.
11/10/2002	Portfolio Partners	Purchases /	(51,635,818)
	Limited and entities	(sales) on the		$-711,225$
	listed in Schedule 3	ASX
14/10/2002	Portfolio Partners	Purchases /	\$855,933	364,708
	Limited and entities	(sales) on the
	listed in Schedule 3	ASX.
15/10/2002	Portfolio Partners	Purchases /	(3175, 545)
	Limited and entities	(sales) on the		$-80,000$
	listed in Schedule 3	ASX.
16/10/2002	Portfolio Partners	Purchases /	\$444,000
	Limited and entities	(sales) on the		200,000
	li sted in Schadula 3	ASX.
17/10/2002	Portfolio Partners	Purchases /	\$35,099	17,397
	Limited and entities	(salee) on the
	listed in Schedula 3	ASX
24/10/2002	Portfolio Partners	Purchases /	$($ \$5\$,237 $)$
	Limited and entities	(sales) on the		$-25,455$
	listed in Schedule 3	ASX.
25/10/2002	Porticlio Partners	Purchases /
	Limited and entities		(59.759)	$-456$
		(sales) on the
	listed in Schedule 3	ASX
11/11/2002	Portfolio Partners	Purchases /	(542, 156)	23,420
	Limited and entities listed in Schadule 3	(sales) on the
15/11/2002		ASX.
	Porticlio Partners	Purchases /	\$266,250	150,000
	Limited and entities	(sales) on the
	listed in Schedule 3	ASX.
18/11/2002	Portfolio Partners	Purchases /	\$704,168	395,400
	Limited and entities	(sales) on the
25/11/2002	Usted in Schedule 3	ASX.
	Portfolio Partners	Purcheses /	(346,699)	25,380
	Limited and entitles	(Sales) on the
02/12/2002	listed in Scheduje 3	ASX.
	Portfolio Parmera	Purchases /	\$165,947	81,225
	Umited and entitles	(sales) on the
	listed in Schedule 3	ASX.
03/12/2002	Portfolio Partners	Purchases /	\$157,326	78,848
	Limhed and entities	(sales) on the
	listad in Sche dule 3	ASX.
04/12/2002	Portfolio Partners	Purchases /	5306,571
	Limited and entities	(sales) on the		156,953
	listed in Schedule 3	ASX.
06/12/2002	Portfolio Partners	Purchases /
	Limited and entities		3192.600	100,000
	listed in Schedule 3	(sales) on the
09/12/2002	Portfollo Partners	83×
		Purchases/	59,435	4.322
	Limited and entitles	(sales) on the
	listed in Schedule 3	ASX.

$1.91$ (1.MAY.2003 $+415:54$ AA 01 ASX LISTINGS SYD 61 2 92417620KINERS 61 3 9866 5524

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604 page 4/7 13 March 2000

Date of
change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change (7)	Class and number of securities affacted
10/12/2002	Portfolio Parmers	Purchases /
	Limited and entities listed in Schedule 3	(sales) on the ASX.	\$241,573	124,202
11/12/2002	Portfolio Partners	Purchases /	\$190,000
	Limited and entities	(sales) on the		100,000
	listed in Schedule 3	ASX
16/12/2002	Ponfolio Parmers	Purchases /
	Limited and enlifies		\$102,118	56 906
	listed in Schadule 3	(sales) on the
17/12/2002	Portfolio Partners	ASX.
	Limited and entities	Purchases /	(\$1,960)	$-1.077$
		(sales) on the
1B/12/2002	listed in Schedule 3	ASX.
	Portfolio Partners	Purchases /	350,147	27.403
	Limited and entities	(sales) on the
20/12/2002	listed in Schedule 3 Portfolio Partners	ASX.
		Purchases /	(529, 970)	$-16.521$
	Limited and entities	(salaa) on the
	Ilsted in Schedule 3	A3X.
27/12/2002	Portfolio Partners	Purchases /	(539,515)	$-21,501$
	Limited and entities	(sales) on the
08/01/2003	listed in Schedule 3	XEA
	Portfolio Partners	Purchases /	(526, 161)	$-14,340$
	Limited and entities	(sales) on the
07/01/2003	listed in Schadula 3 Portfolio Partners	ASX.
		Purchases /	(534, 876)	$-19.056$
	Limited and entities listed in Schedule 3	(sales) on the
08/01/2003	Portfolio Parmers	ASX.
	Limited and entities	Purchases /	\$467,684	254,795
	listed in Schedule 3	(sales) on the
09/01/2003	Portfolio Partners	ASX. Purchases /
	Limited and entities	(sales) on the	( \$24, 243)	$-13,036$
	listed in Schedule 3	ASX.
13/01/2003	Portfolio Partners	Purchases /	(56, 328)	-3,200
	Limited and entitles	(sales) on the
	listed in Schedule 3	ASX
16/01/2003	Portfollo Partners	Purchases /	(519,577)	-9.644
	Limited and entities	(sales) on the
22/01/2003	listed in Schedule 3 Porticilo Partners	ASX.
	Limited and entitles.	Purchases / (sales) on the	\$18,559	8,956
	listed in Schadule 3	ASX.
28/01/2003	Portiolio Parmers	Purchases /	\$24,674	11,920
	Limited and enlities	(sales) on the
	listed in Schedule 3	ASX
29/01/2003	Portfolio Partners	Purchases /	\$62,139	30,800
	Limited and entities.	(sales) on the
30/01/2003	listed in Schadule 3	ASX
	Pontolio Partners Limited and entries	Purchases /	\$63,545	42,310
	listed in Schedule 3	(cales) on the
03/02/2003		ASX.
	Portfolio Partners Limited and entitles	Purchases $\overline{I}$ (saleu) on the	(313.628)	-7.003
	listed in Schedule 3	ASX.
05/02/2003	Portfolio Partners	Purchases /	(532, 466)	$-16,998$
	Limited and entities	(sales) on the
	listed in Schedule 3	A5X.
06/02/2009	Portfolio Partners	Purchases /	\$42,755	22,255
	Limited and entities	(sales) on the
	listed in Schedule 3	ASX.
11/02/2003	Portfolio Partners	Purchases /	\$126,575	68,834
	Limited and entities	(sales) on the
17/02/2003	listed in Schadule 3. Portfolio Parmers	ASX
	Limited and entities	Purchases /	\$41.773	22.619.
	listed in Schedule 3	(sales) on the ASX.
19/02/2003	Portfolio Partners	Purchases /	(\$60,029)	$-30,863$
	Limited and entities	(sales) on the
	listed in Schedule 3	ASX.
20/02/2003	Portfolio Partners Limited and entities	Purchases /	\$234,228	115,607
	listed in Schedule 3	(sales) on the ASX.
21/02/2003	Portfolio Panners	Purchases /	(5348, 703)
	Limited and entities	(sales) on the		$-177,475$
	listed in Schedule 3	ASX.
25/02/2003	Pontollo Partnere	Purchases /	5319,455	177,475
	Umited and entities	(sales) on the
	listed in Schedule 3	ASX.

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01/ 1. MAY. 2003 1415: 54 AX 61 ASX LISTINGS SYD 61 2 92417620 KINERS

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604 page 5/7 13 March 2000

Date of	Person whose relevant	Nature of	Consideration
change	interest changed	change	given in relation to change (7)	Class and number of securities affected
27/02/2003	Portfolio Partners	Purchases /	(54, 293)
	Limited and entities	(sales) on the		$-2,439$
	listed in Schedule 3
28/02/2003	Portfolio Partners	ASX
		Purchases /	$( $55 \overline{487} )$	$-31,347$
	Limited and entitles	(sales) on the
	ilsted in Schedule 3	ASX.
04/03/2003	Pontolio Partners	Purchases /	(54, 947)	$-2,910$
	Limited and entities	(sales) on the
	listed in Schedule 3	ASX
05/03/2003	Portfolio Partners	Purchases /
	Limited and entities		\$48.937	30,268
	listad in Schedule 3	(sales) on the ASX
07/03/2003	Ponfolio Partners
	Limited and enlities	Purchases /	(S1,685)	$-1.050$
		(sales) on the
11/03/2003	listad in Schedule 3	ASX.
	Portfolio Partners	Purchases /	$($ \$8,315 $)$	$-5.676$
	Limited and entities	(sales) on the
	listed in Schedule 3	ASX.
12/03/2003	Ponfolio Partners	Purchases /	(55,075)
	Limited and entities	$($ sales) on the		$-3,500$
	listed in Schedule 3	ASX.
13/03/2003	Portfolio Partners	Purchases /
	Umrted and entities		\$80.247	54,221
	listed in Schedule 3	(sales) on the
18/03/2003	Pontolio Partners	ASX
		Purchases /	510,707	7,186
	Limited and entities	(sales) on the
	listed in Schedule 3	ASX.
20/03/2003	Portfolio Partners	Purchases /	(560, 368)	$-39.562$
	Limited and entities	(sales) on the
	listed in Schedule 3	A SX.
21/03/2003	Portfolio Partners	Purchases /	(545, 169)
	Limited and entities	(sales) on the		$-29,551$
	listed in Schedule 3	ASX.
26/03/2003	Portfolio Partners	Purchases/	(57,689)
	Limited and entitles	(sales) on the		$-5,126$
	listed in Schedule 3	ASX.
27/03/2003	Portfolio Partners	Purchases /	(5B7,000)
	Limited and entities	(sales) on the		$-56,859$
	līsted in Schedule 3	ASX.
28/03/2003	Portfolio Partners
		Purchases /	\$300,000	200,000
	Limited and entities.	(eales) on the
	listed in Schedule 3	ASX.
01/04/2003	Portfolio Parmers	Purchases /	\$658,796	466,949
	Limited and entities	(saleg) on the
	listed in Schedule 3.	ASX.
02/04/2003	Porticlio Partners	Furchases /	(57.472)	$-5,003$
	Limited and entities	(sales) on the
	lisled in Schedule 3	ASX
03/04/2003	Portfolio Partners	Purchases /	\$216,673
	Umited and entities	(sales) on the		144,334
	listed in Schedule 3	ASX
08/04/2003	Portfolio Partners
	Limhed and entities.	Purchases /	(52.010)	$-1,264$
		(sales) on the
10/04/2003	listed in Schedule 3	ASX.
	Portfolio Partners	Purchases /	\$3,283	2.051
	Limited and entries	(sales) on the
	listed in Schedule 3.	asx
15/04/2003	Portfolio Partners	Purchases /	(54, 652)	$-2.982$
	Limited and entities	(sales) on the
	listed in Schedule 3	ASX.
16/04/2003	Portfolio Partners	Purchases /
	Limited and entities	ed oo (esles)	\$50,968	31,436
	listed in Schedule 3.
23/04/2003	Portfolio Partners	ASX.
		Purchases /	\$189,200	113,976
	Limited and entities	(salee) on the
	listad in Schedule 3	ASX.
24/04/2003	Portfolio Parmers	Purchases /	\$1,988,774	1.168,561
	Limited and entities	(3ales) on the
	listed in Schedule 3	ASX
28/04/2003	Portfolio Partners	Purchazes /	\$992,804	592,866
	Limited and entities.	(salee) on the
	listed in S chadula 3	ASX.
Total	Portfolio Partners	Purchases/
	Limited and entities.	(sales) on the	\$7,864,527	4,510,136
	listed in Schedule 3
		ASX.

SCHEDULE 2

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604 page 6/7 13 March 2000

Holder of relevant Interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interent (6)	. . . Number of shares
Portfolio Partners Limited	JP Morgan Investor Services		Power to (or to control) exercise vote and/or dispose of the	9,830,811
	JP Morgan Chase Bank Sydney		securities as discretionary	2,790,287
	Citibank Nominees Pty Ltd National Nominees		investment managers or	2,246,188
	Ltd REC Global		advisers of Superannuation	8,575,974
	Services Australia Nominees Pty Límited		funds, pooled superannuation trusts, managed investment	8,834,942
			schemes and investment management
			agreements
Each entity	Each entity listed	Refer lo previous	Daemed relevant	Total
listad in Schedute 3	above in this column. of Schedule 2	column	interest under section 608(3) of Corporations Law	32,280,202

SCHEDULE 3

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List of Entities in Relation to Which this Notice is Given
90 Arthur Street Pty Ltd ACN 003 152 672
91 City Road Pty Ltd ACN 006 606 659
ACN 003 839 905 Pty Ltd
ACN 00B 649 581 Pt Ltd
Associated Marine Insurers Agents Pty Ltd ACN 008 104 007
Beives investments Ltd (New Zealand)
Broadlands International Finance Ltd ACN 008 918 181
Broadlands Ltd ACN 008 667 570
BSL Landmark Management Ltd ACN 006 955 031
Caram Bloodstock Pty Ltd ACN 053 891 553Caram (nvestments Australia Ltd ACN 002 022 513
CFM Holdings Ltd (New Zealand)
CGNU plc
CGU insurance pic (UK)
CGU International Holdings BV (Netherlands)
CGU International Insurance pic (UK)
Commercial Union Holdings (France) Ltd (UK)
Commercial Union Holdings (NZ) Ltd (New Zealand)
Commercial Union International Holdings Ltd (UK)
Commercial Union Pty Ltd ACN 007 150 343
Commercial Union Workers Insurance (Vic) Pty Ltd ACN 058 390 631
Corporate Financial Management (Aust) Ply Ltd ACN 008 646 517 Cugroup Pty Ltd ACN 004 520 334
CU Travel and General Incurence Ltd ACN 008 485 201
Elan Management Ltd ACN 001 072 420
FPI Pty Ltd ACN 008 305 700
Callagher Lane Limited ACN 060 535 104
General Accident Asia - Pacific Ltd (New Zealand)
General Accident Australia and New Zealand Ltd ACN 002 902 847
General Accident Insurance Company Australia Ltd ACN 050 882 123
General Accident pic (UK)
Lakeview Corporate Services Pty Ltd ACN 003 167 100
Mutual Community General Insurance Pty Ltd ACN 007 895 543 NIML Limited ACN 007 016 186
Noradin Pty Ltd ACN 082 823 774
Norstaff Super Limited ACN 060 563 108
Norwich Asset Management Services Ltd ACN 074 649 068
Norwich Fixed Assets Pty Ltd ACN 072 ACN 072 232 154
Norwich Fixed Assets (2) Pty Limited ACN 092 040 438
Norwich House Melbourne Pty Ltd ACN 006 475 029
Norwich Marketing Sarvices Limited ACN 060 534 947
Norwich (NSW) Assets Pty Ltd ACN 003 516 256
Norwich Technology Services Ltd ACN 068 912 939
Norwich Union Australia Limited ACN 006 783 286
Norwich Union Finance Pty Ltd (previously Norwich Lifeguard Pty Limited) ACN 007 353 424
Norwich Union Friendly Society Limited ACN 087 649 045
Norwich Union Funeral Plan Management Pty Ltd ACN 003 769 640

61 3 9866 5524

$P.8/12$ 22,008

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604 page 7/7 13 March 2000

NO.751

List of Enthies in Relation to Which this Notice is Given
Norwich Union Holdings Australia Limited ACN 071 346 600
Norwich Union Life Australia Limited ACN 006 783 295
Norwich Union Navigator Limited ACN 006 302 987
Norwich Union Superannuation Limited ACN 087 926 541
Norwich Union Superannuation Services Pty Ltd ACN 007 410 193
NULIS Nominees (Australia) Limited ACN 008 515 633
NZI insurance Australia Ltd ACN 001 948 278
NZI Leasing Corporation Limited ACN 008 601 116
NZI Securitias Western Ltd ACN 008 673 069
NZI Worker's Compensation (NSW) Ltd ACN 003 324 534
NZI Worker's Compensation (South Australia) Lid ACN 069 007 709
Pacific Indemnity Underwriting Agency Pty Ltd ACN 007 078 140
Portfolio Partners Limited ACN 066 081 114
Portfolio Parmers Super Pty Ltd ACN 081 452 197
Scottish Insurance Corporation Ltd (UK)
Sure Purchase Pty Ltd ACN 007 395 333
Swann Insurance (Aust) Pty Ltd ACN 000 896 680
SWAPL Pty Ltd ACN 058 468 596
T&G General Insurance Ltd ACN 004 480 200
The Calder Group Pty Ltd ACN 00B 138 485
The Care Group Pty Ltd ACN 003 066 073
The Insurance Office of Australia Ltd ACN 000 004 544
The Road Transport and General Insurance Co Ltd (UK) Tokara Pty Ltd ACN 082 564 261
Union Insurance Co. Ltd ACN 004 478 979
Vynotas Pty Ltd ACN 007 093 601

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