COVENTRY GROUP LIMITED — Major Shareholding Notification 2005

Feb 10, 2005

LICENSED DEALER IN SECURITIES

FACSIMILE TRANSMISSION

To:	Company Announcements	From:	Operations
Company:	ASX.
Fax:	1900 999 279	Fax:	(02) 9232 7511
Page 1 of:	Pages 4	Date:	February 11, 2005
Subject:	Form 604 - Notice of change of interests of substantial shareholding in Coventry Group Ltd

Please find enclosed the above notice regarding Investors Mutual Limited shareholding in Coventry Group Ltd.

I can be contacted on (02) 8224 0506 should you have any questions regarding this notice.

Kind regards

Anna Saad Investment Administrator

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To: Coventry Group Ltd

ACN/ARSN: 008 670 102

$\mathbf{1}$ . Details of substantial holder

Name Investors Mutual Limited

ACN/ ARSN: 078 030 752

There was a change in the interests of the substantial holder on 10^th February 10, 2005.

The previous notice was given to the company on 24^th November 2004.

The previous notice was dated 24^th November 2004.

Previous and present voting power $2.$

The total number of votes attached to all the voting shares in Coventry Group Ltd that Investors Mutual Limited had a relevant interest in when last required, and when now required, to give a substantial holding notice to Coventry Group Ltd, are as follows:

Class of Securities	Pervious Notice		Present Notice
	Person's Votes	Voting Power	Person's Votes	Votina Power
Ordinary	12.10%	4 244,644	13.14%	4.660.797

3. Changes in Relevant Interests

Particulars of each change in, or change in the nature of, a relevant interest of the Investors Mutual Limited in voting securities of Coventry Group Ltd, since the Investors Mutual Limited was last required to give a substantial holding notice to Coventry Group Ltd are as follows:

Date of Change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected (ordinary)	Person's votes affected
24-Nov-	Investors Mutual
04	Limited	Purchase	\$417 240.73	56.926	12.128%
	Investors Mutual
31-Jan-	Limited
05		Purchase	480, 307.83	69.074	12.322%
	Investors Mutual
$01-Feb-$	Limited
05		Purchase	209,853.32	30,000	12.407%
	Investors Mutual
$02$ -Feb-	Limited
05		Purchase	255,571.51	36,415	12.510%

$03$ -Feb-	Investors Mutual Limited
05		Purchase	1 174,910.63	167.501	12.982%
04-Feb-	Investors Mutual Limited
05		Purchase	66,524.10	9.484	13.009%
08-Feb-	Investors Mutual Limited
05		Purchase	17,510.82	2.500	13.016%
$9-Feb-$	Investors Mutual Limited
05		Purchase	\$226,503.50	32.378	13.107%
$10-Feb-$	Investors Mutual Limited
05		Purchase	\$83,015.75	11.675	13.141%

4. Present Relevant Interests

Particulars of each relevant interest of Investors Mutual Limited in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Class and number of securities	Person's votes
Investors Mutual Limited	National Australia Custodial Services ACF Mercers Wholesale Smaller Companies Fund - IMMERC	Investors Mutual Limited	Ability to influence the voting and disposal of shares	Ordinary, 345,998	345,998
Investors Mutual Limited	RBC Global Services Australia Nominees Pty Limited <bkcust A/C:</bkcust	Investors Mutual Limited	Ability to influence the voting and disposal of shares	Ordinary, 4,314,799	4,314,799

$5.$ Changes in Association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, Investors Mutual Limited in relation to voting interests in the company are as follows:

Name and ACN	Nature of Association
	Director
	Secretary

$6.$ Addresses

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

Name	Address
RBC Global Services Australia Pty Limited	Level 19, 1 Castlereagh Street. SYDNEY NSW 2000
National Australia Custodial Services	Level 5, 271 Collins Street, MELBOURNE, VIC 3000
Investors Mutual Ltd	Level 4, 280 George Street, SYDNEY NSW 2000

Signature

Tanzania di Bandaria di Bandaria di Bandaria di Bandaria di Bandaria di Bandaria di Bandaria di Bandaria di B

Name: Conor Byme	Capacity: Director
Signature: Contact April	Date: $\frac{1}{2}$ /2 /200 5