CVC LIMITED — Major Shareholding Notification 2005

Feb 2, 2005

page 1/2 15 July 2001 604

Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder To Company Name/Scheme Sunland Group Limited ACN/ARSN 063 429 532 1. Details of substantial holder(1) Name CVC Limited $002, 700, 361$ ACN/ARSN (if applicable) There was a change in the Interests of the 28 / 01 / 05 substantial holder on $31/03/14$ The previous notice was given to the company on $31/03/14$ The previous notice was dated

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 substandal 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:

Previous notice		Present notice
Person's votes	Voting power (5)	Person's votes!	Voting power (5)
		32,132,699 14.75%
		41,132,69) 18.88%

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 chunge (6)	Consideration given in relation to change $(7)$	Class and number of securities affected	Person's votes affected
28/01/05	ICVC C&T	lOn Mkt Trade	,000,000, 1518	9,000,000 9,000,000

4. Present relevant interests

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

÷,

Holder of relevant interest	Recistered holder of securities	Person entitled to be registered. as Inolder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
lcvc.	CVC LTD	CVI LTD	lHolder.	30,194,74230,194,742
ICVC C&T	ICVC CET.	leve car	Holder	1,937,957 1,937,957

604 page 2/2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, censed 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/AR5N (if applicable)	Nature of association

6. Addresses

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

Name	Add ess.
CVC LIMITED	[Level 42, AAP Centre, 259 George Street Sydney NSW 2000,
CVC C&T	'CVC Communication & 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 trustee of an $(1)$ equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of porsons 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 6 '19(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless diritled into separate classes. $(4)$
• The person's votes divided by the total votes in the body corpinate or scheme multiplied by 100. (5)
• $⁶$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(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 $\mathbb D$ 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 inoney 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.
• 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'. $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $\langle 0 \rangle$