CRYOSITE LIMITED — Major Shareholding Notification 2012

May 16, 2012

					Form 604 Corporations Act 2001
					Section 671B
					Notice of change of interests of substantial holder
	To Company Name/Scheme		Cryosite Limited
ACN/ARSN			090 919 476
	1. Details of substantial holder (1)
Name					Cell Care Australia Pty Limited (ACN 110 312 537), Bellwether Investments Pty Ltd (ACN 106 523 826), James Stuart Craig, Matsarol Pty Ltd (ACN 069 561 271) and Alastair Lucas
	ACN/ARSN (if applicable)	As above
substantial holder on	The previous notice was given to the company The previous notice was dated 2. Previous and present voting power			16/05/2012 14/06/2011 14/06/2011	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) Ordinary Shares		Previous notice		Present notice
				Person's votes	Voting power (5)	Person's votes	Voting power (5)
				9,297,361	19.93%	10,240,498	21.97%
	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 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
	30/04/2012	Cell Care Australia Pty Limited		On market	\$48,000	300,000	.64%
	15/05/2012	Cell Care Australia Pty Limited		On market	\$5,600	35,000	.01%
	16/06/2012	Cell Care Australia Pty Limited		On market	\$94,261	608,137	1.3%
	4. Present relevant interests
	Holder of relevant interest		Registered holder of securities	Person entitled to be registered as holder (8)	Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows: Nature of relevant interest (6)	Class and number of securities	Person's votes
	Cell Care Cell Care Australia Australia Pty Pty Ltd		Ltd	Cell Care Australia Pty Ltd	Direct	Ordinary 10.240,498	21.97%

Bellwether
Investments Pty
Ltd as trustee for
the York Street

Ordinary
10,240,498

21.97%

Direct

Bellwether
Investments

Pty Ltd as
trustee for the

Bellwether Investments Pty

Ltd as trustee for
the York Street

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Matsarol Pty Ltd as trustee for the Matsarol Trust	Matsarol Pty Ltd as trustee lfor the Matsarol Trust	Matsarol Pty Ltd las trustee for the Matsarol Trust	Direct	Ordinary 10.240.498	21.97%
James Stuart Craig	James Stuart Craig	James Stuart Craig	Direct	Ordinary 10.240,498	21.97%
Alastair Lucas	Alastair Lucas	Alastair Lucas	Direct	Ordinary 10,240,498	21.97%

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/ARSN (if	---------------------------------------
applicable)	Nature of association
_________	----------------------------
Not Applicable ---------------------------------------	---------------------------------------

6. Addresses

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

Name	Address
Cell Care Australia Pty Ltd	PO Box 8398, Heatherton, VIC 3202
Bellwether Investments Pty Ltd	37 York Street, St. Kilda West, VIC 3182
Matsarol Pty Ltd	Level 4, 222 Kings Way South Melbourne, VIC 3205
James Stuart Craig	37 York Street, St. Kilda West, VIC 3182

Signature

	Print name Peter Littlewood	Capacity	Director
Sign here	Muce 10000	Date	17/05/2012

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the $(1)$ 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.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• Include details of: $(6)$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) $(a)$ 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
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal $(b)$ 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 2001.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired $(7)$ 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 on 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.
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write $(8)$ "unknown"".
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$