CVC LIMITED — Major Shareholding Notification 2003

Sep 15, 2003

page 1/2 15 July 2001 604

п н 01	r
--------------	---

Corporations Act 2001 Section (71B)

Notice of change of interests of substantial holder

[o., Company Name/Scheme	Sunland Limited
ACN/ARSN	063 429 532
1. Details of substantial holder(1)
Name	CVC LINITED
ACN/ARSN (if applicable)
There was a change in the Interests of the substantial holder on	15/09/03
The previous notice was given to the company on	26/02/12
The previous notice was dated	26/02 / 02

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) and a relevant interest (3) in when

Class of securities (4)	Previous noti x		Present notice
	Person's votes	Voting power (5)	Person's votes!	Voling power (5)
Ordinary Shares	148,666,153 28.63%		46,916,158 27.39%

3. Changes in relevant interests

Particulars of each change in, or change in the rature of, a relevant inturest of the substantial holder or an associate in voting securities of the company or schem r, since the
substantial holder was last required to giv

Date of change	Person whose relevant interest changed	Nature of charge $(6)$	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
	See annexure A

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting scourities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Pec on entitled to be registered a: holder(8)	Nature of relevant Interest(6)	Class and number of securities	Person's votes
CTC	CVC LTD	krych Led	Holder		38, 165, 79338, 165, 795
ICVC C&T	ICVC C&T	ICVI CET	Holder	8,750,365 8,750,365

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:

$_{\rm cyc}$

Name and ACN/ARSN (if applicable)	Nature of association

6. Addresses

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

Name	Adunuss
CVC LIMITED	'Level 42 AAP Centre 259 George Street Sydney NSW 2000
CVC C&T	'CVC Communications & Technology Pty Ltd - same address

Signature

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and irustee of an $(1)$ equity trust), the names could be included in an annexure to the form. If the relovant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the men barship 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 Corporati x s Act 2001. $\overline{2}$
• See the definition of "relevant interest" in sections 608 and (718(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless civided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corpulate or scheme multiplied by 100. $₆$
• $\boldsymbol{\theta}$ include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a co ry of any $(a)$ document setting out the torms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or
  arrangement, must accompeny this form, together with a written statement c
• any qualification of the power of a person to exercism, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to $\left( 0 \right)$ which the relevant Interest relates (indicating clear y 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 benefit i, money and other, that any person from whom a relevant interest was acquired has, or may, become $\sigma$ entitled to receive in relation to that acquisition. Details mu: t be included even if the benefit is conditional on the happening or not of a contingency. D stails must be included of any benefit paid on bahalf of the substantial holder or its associate I melation 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 "unknown". $^{(0)}$
• Give details, if appropriate, of the present association and any change in that essociation since the last substantial holding notice. $\left( 9\right)$

Annexure A

Date	Transaction affecting % Holding	Number	Proceeds
26/2/02	Previous Notice	48,666,158
8/6/02 1/7/03 5/8/03 15/3/03 8/9/03 15/9/03	Shares Issued Shares Issued Shares Issued On Market Sale On Market Sale On Market Sale	(700,000) (650,000) (400,000)	\$637,000 \$675,000 \$480.000
15/9/03	New Notice	46.916,158