GR ENGINEERING SERVICES LIMITED — Major Shareholding Notification 2011

Dec 18, 2011

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme GR Engineering Services Limited

ACN/ARSN 121 542 738

1. Details of substantial holder (1) Name Paksian Pty Limited ACN/ARSN (if applicable) 009 300 449

There was a change in the interests of the substantial holder on 15/12 /2011 The previous notice was given to the company on 19/04/2011 The previous notice was dated 19/04/2011

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) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class	of securitie		Previous notice	Previous notice	Present notice	Present notice
		s (4)	Person’s votes	Voting power (5)	Person’s votes	Voting power (5)
Fully paid	ordinarysh	ares	12,000,000	8.0%	9,025,000	6.0%

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 chan	of ge	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
15/12/20	11	Paksian Pty Limited	Sale	$5,355,000 ($1.80 per fully paid ordinary share)	2,975,000 ordinary shares	2,975,000
15/12/20	11	Joseph Mario Paul Ricciardo	Sale	$5,355,000 ($1.80 per fully paid ordinary share)	2,975,000 ordinary shares	2,975,000

4. Present relevant interests

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

Holder of	Registered	Person entitled	Nature of	Class and
relevant	holder of	to be registered	relevant	number of	Person’s votes
interest	securities	as holder (8)	interest (6)	securities
Paksian Pty Limited	Paksian Pty Limited	Paksian Pty Limited	Direct	9,025,000 ordinary shares	9,025,000
Joseph Mario Paul Ricciardo	Paksian Pty Limited	Paksian Pty Limited	Sole Director and Sole Shareholder of Paksian Pty Limited	9,025,000 ordinary shares	9,025,000

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 applicable)	ACN/ARSN	(if	Nature of association
	of persons named in	this form are	as follows:
	Name			Address
	Paksian PtyLimited			PO Box 258 BELMONT WA 6984
	Joseph Mario Paul Ricciardo			12 Anacapri Road HILLARYS WA 6984

6. Addresses

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

Signature

print name capacity
sign here date
DIRECTIONS
ber of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the
stee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons
milar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the
sses of members is clearly set out in paragraph 6 of the form.
of "associate" in section 9 of the Corporations Act 2001.
of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
s of a company constitute one class unless divided into separate classes.
es divided by the total votes in the body corporate or scheme multiplied by 100.
:
ant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4)
copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and
details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this
scheme or arrangement; and
fication of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal
curities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
of "relevant agreement" in section 9 of the Corporations Act 2001.

• (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 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 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (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:

• (a) 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

• (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 relevant interest was acquired has, or may, become 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 on 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 (eg. if the relevant interest arises because of an option) write “unknown’”.

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.