CVC LIMITED — Major Shareholding Notification 2006

May 15, 2006

Olear Form Insert Agent Details	Print Save	E TANZIZI ANDARUM ANDARUM E ANDERESTA UTRE AND USSMATTES -604	GISSS MOTH page 1/2 15 July 2001
	Form 604
	Corporations Act 2001 Section 671B
	Notice of change of interests of substantial holder
To Company Name/Scheme	Cellnet Group Limited
ACN/ARSN 010 721 749
1. Details of substantial holder(1)
Name CVC Limited ("CVC")
ACN/ARSN (if applicable) 002 700 361
There was a change in the interests of the substantial holder on	15/05/06
The previous notice was given to the company on The previous notice was dated	04 / 05 / 06 04 / 05 / 06

2. Previous and present voting power

f

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 notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary Shares	8,097,961	15.82%	8,675,294 16.95%

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 fast required to give

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
	$ 10/05/06 - \text{CVC Limited} $	On-Market Acqn See Attachment			lAttachment
15/05/06

4. Present relevant interests

Partículars 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
leve.	CVC	lcvc.	Holder	8,675,294 8,675,294

			Insert Agent Details Clear Form

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
CVC	CVC Limited, Lvl 42 259 George St Sydney NSW 2000

Signature

print name John Hunter	Capacity Company Secretary
sian here.	date 16 / 05 / 2006

DIRECTIONS

• $(1)$ 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 equity trust), the names could be included in an annexure to the form. If the refevant 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. $(2)$
• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ Include details of:
• 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
• $(b)$ 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 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.

• $(7)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a refevant interest was acquired has, or may, becomie 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 (eq. if the relevant interest arises because of an option) write "unknown".
• 791 Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Attachment to the Form 604 dated 16 May 2006 in Respect of holdings in Cellnet Group Limited (ACN 010 721 749) of CVC Limited (ACN 002 700 361)

Date	Type	Ordinary Shares & Votes	Consideration
Last Notice		8,097,961
10/05/2006	On-Market Trade	35,670	\$45,858
12/05/2006	On-Market Trade	36,663	\$46,929
15/05/2006	On-Market Trade	500,000	\$640,000
15/05/2006	On-Market Trade	5,000	\$6,400
Current Notice		8,675,294	\$739,187