CTI LOGISTICS LIMITED — Major Shareholding Notification 2011

Nov 30, 2011

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme ACN/ARSN	C11 LOGISTICS LIMITED $008$ 778 925
1. Details of substantial holder(1)
Name ACN/ARSN (if applicable)	BRuce SAXILD
There was a change in the interests of the substantial holder on	39/11/11
The previous notice was given to the company on The previous notice was dated	38,06,06 20106106

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)
08D10A24	812.122		4.101.320	- 164

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 interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
	Rírn	$\prime$ ANNEXULE

4. Present relevant interests

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 (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
	REFIN	ANMOXURE

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

6. Addresses

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

--------------------------------------- Name	_ Address .
		.

Signature

print name	NC C	SAYL	capacity
sign here	ヽ゚		date	$\sim$

DIRECTIONS

• $(1)$ If there are a number of substantial holders with similar or related relevant interests (eq. 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 2001.
• 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) applies, a copy of any $(a)$ 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 of the securities to $(b)$ 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 has, or may, becom e $(7)$ 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.

ANNEXURE "A"

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
	30/06/2006 Bruce Saxild	Off market	\$3,882	3,334	Bruce Saxild
06/07/06	SX Super Fund	On market	\$4,293	3,584	SX Super Fund
12/07/06	BE & MP Saxild	On market	\$6,000	5,000	BE & MP Saxild
	Family a/c				Family a/c
18/09/06	$=$ " $=$	On market	\$1,127	860	$=$ " $=$
21/09/06	$=$ " $=$	On market	\$1,620	1,200	$=$ $\overline{''}$ $=$
29/09/06	$=$ " $=$	On market	\$6,900	5,000	$=$ " $=$
04/10/06	$=$ " $=$	On market	\$40,380	26,920	$=$ $\overline{v}$ =
19/10/06	$=$ " $=$	On market	\$21,835	12,200	$=$ " $=$
18/12/06		3 for 1 split		1,746,506
04/03/08	$=$ " $=$	On market	\$37,748	35,950	$=$ " $=$
12/03/08	$=$ " $=$	Off market	\$55,000	50,000	$=$ " $=$
17/03/08	$=$ " $=$	On market	\$15,855	15,100	$=$ " $=$
29/08/08	$=$ " $=$	On market	\$17,550	19,000	$=$ " $=$
08/12/08		1 for 5 bonus issue		547,959
27/03/09	$=$ " $=$	On market	\$3,250	5,000	$=$ " $=$
08/12/10		1 for 5 bonus issue		658,552
30/11/11	$=$ " $=$	Employee share scheme	\$169,500	150,000	$=$ " $=$

ANNEXURE "B"

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
Bruce Saxild	Bruce Saxild			ordinary 289,267	289,267
	Nicor Holdings Pty Nicor Holdings Pty Ltd	Ltd	Director	Ordinary 6,492	6,492
	Aberdeen Management Pty Ltd	Aberdeen Management Pty Ltd	Director	Ordinary 1,707,556	1,707,556
Bruce Saxild	Mr BE & Mrs MP Saxild Saxild Family a/c	Mr BE & Mrs MP Saxild Saxild Family a/c	Trustee	Ordinary 2,024,219	2,024,419
	SX Management Pty Ltd atf SX Super Fund	SX Management Pty Ltd atf SX Super Fund	Director	Ordinary 73,586	73,586