CTI LOGISTICS LIMITED — Major Shareholding Notification 2005

Dec 7, 2005

FORM 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial shareholder

To: CTI LOGISTICS LIMITED

ACN/ARSN: 008 778 925

Details of substantial holder(1) 1.

The holder ceased to be a substantial shareholder on $\sqrt{3} - 11 - 7005$

$\sim$ $\sim$ 0

The previous notice was given to the company on $\mathcal{C} \rightarrow \mathcal{C} \subset \mathbb{C}$ .

The previous notice was dated $\mathbb{S} - (-2.002)$ .

$2.$ Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 (4)	Consideration given in relation to change $(5)$	Class(6) and number of securities affected	Person's votes affected
	18/11/05 Golden Words	Shares sold on market in ordinary course of trading on ASX.	\$50.95	3,452,942 3,452,942

$\mathbf{3}$ Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the name of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

_________ $\begin{minipage}{.4\linewidth} \begin{minipage}{.4\linewidth} \begin{minipage}{.4\linewidth} \end{minipage} \begin{minipage}{.4\linewidth} \begin{minipage}{.4\linewidth} \end{minipage} \begin{minipage}{.4\linewidth} \end{minipage} \begin{minipage}{.4\linewidth} \end{minipage} \begin{minipage}{.4\linewidth} \end{minipage} \begin{minipage}{.4\linewidth} \end{minipage} \begin{minipage}{.4\linewidth} \end{minipage} \begin{minipage}{.4\linewidth} \end{minipage} \begin{minipage}{.4\linewidth} \end{minipage} \begin{minipage}{.4\linewidth} \$ -- Name

_________ Nature of Association The contract of the state of the state of the state of the state of the state of the state of the state of the

Not applicable

Addresses 4.

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

Ì.

Name AAROLLE	ALLEY CALL
$-1$	AP 1.10 ---	. $- -$ nm. . N.J
		. .

ł Signature

Name: Joe Kerne $\frac{1}{\text{base}}$ $\leq$ $\frac{1}{2}\sqrt{2}\sqrt{25}$ . Signature: