CVC LIMITED — Major Shareholding Notification 2006

Apr 20, 2006

Insert Agent Defaile	zefa fra erffraf:	6.W. 1200 Glerial form	User Guide Close Form Annexure page 1/2 15 July 2001 605
		Form 605 Corporations Act 2001 Section 671B
		Notice of ceasing to be a substantial holder
To_ Company Name/Scheme	SMC Gold Limited
ACN/ARSN	071 349 249
1. Details of substantial holder(1)
Name		CVC Limited ("CVC")
ACN/ARSN (if applicable) 002 700 361
The holder ceased to be a substantial holder on		20 /04 /2006
The previous notice was given to the company on The previous notice was dated		19 /04 / 2006 19/04/2006
2. Changes in relevant interests

Partículars 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 tast required to give a substantial holding notice to the company or scheme are as follows:

Date of I 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
19/04/06	CVC.	On-market	24,200	240.000	0.06%
20/04/06	CVC.	Trade	401,300	$4,000,000$ 0.9%

3. Changes in association

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

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

4. Addresses

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

Name	Address
CVC Limited	Level 42, AAP Centre
	259 George St, Sydney, NSW 2000

Signature

		print name John Hunter
--	--	------------------------	--

capacity Secretary

sign here

$21 / 04 / 2006$ date

	Insurate Agriculture (189	Craft Chine Alixia Zom in User Guide e din SEM	Annexure		Close Form
			605		page 2/2 15 July 2001
		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 4 of the form.
(2)		See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(3)		See the definition of "associate" in section 9 of the Corporations Act 2001.
(4)	Include details of: (a) 份	any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any 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 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.
(5)		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, become entitied 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.
(6)		The voting shares of a company constitute one class unless divided into separate classes.
(7)		Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.
					Annexure