GLOBAL MASTERS FUND LIMITED — Major Shareholding Notification 2009

Apr 22, 2009

ABN 67 006 079 974

National Exchange

Proprietary Ltd

26 Francis Street Melbourne Vic 3000

23 April 2009

1900 999 279

Australian Stock Exchange Ltd Attn Co Announcements Department Level 45 525 Collins Street MELBOURNE VIC 3000

Global Masters Fund Ltd (GFL) : 0.00% Substantial Shareholder Notice

Information as required by Section 671B of the Corporations Act forwarded to you for the market’s information.

Yours Faithfully

DAVID TWEED DIRECTOR

Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder To : Global Masters Fund Ltd ABN 84 109 047 618

1. Details of substantial holder(s)

Name: National Exchange Pty Ltd (ACN 006 079 974).

There was a change in the interests of the substantial holder on: The previous notice was given to the company on The previous notice was dated

23 April 2009 20 March 2009 20 March 2009

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 shareholder 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	Present notice		Previous notice
	Person’s votes	Voting power(5) %	Person’s votes	Voting power(5) %
Ordinary fully paid shares	0	0%	650,000	5.08%

Note: Voting power percentage based on an issued capital of 12,778,212 as disclosed to the ASX on 9 February 2009 by Global Masters Fund Ltd on Form 484.

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest 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:

Nature of change (6)	Person whose relevant interest changed	Date of change	Class and number of securities affected	Considerati on given in relation to change (7)	Person’s votes affected
	National Exchange Pty Ltd (ACN 006 079 974) & National Exchange Pty Ltd as trustee for “The Superfund Superfund” David Tweed			$$$$$$$$	National Exchang ePtyLtd
					“
Sold	“	23/4/2009	650,000	$422,416.03	National Exchange Pty Ltd

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
National Exchange Pty Ltd	National Exchange Pty Ltd	National Exchange PtyLtd	Registered owner for “The Superfund Superfund”	0 ordinary fully paid shares	0
David Tweed	National Exchange Pty Ltd or the share vendor	National Exchange Pty Ltd	Sole Director of National Exchange Pty Ltd	0 ordinary fully paid shares	0

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 names in this form are as follows:

6. Addresses The addresses ofpersons names in this form are as follows:
Name	Address
National ExchangePtyLtd (ACN 006 079 974)	26Francis StreetMelbourne Vic 3000
DavidTweed	26Francis StreetMelbourne Vic 3000

DAVID TWEED, SOLE DIRECTOR 23 April 2009