HEALIUS LIMITED — Major Shareholding Notification 2016

Feb 18, 2016

Ellerston Capital Limited ABN 34 110 397 674 AFSL No. 283 000

Level 11, 179 Elizabeth Street Sydney NSW 2000
Phone +612 9021 7797
Fax +612 9261 0528 www.ellerstoncapital.com

TO: The Manager, Company Announcements, ASX

Ellerston Capital FROM:

DATE: 19 February 2016

NO. OF PAGES (including this page): 9

Dear Manager

PRIMARY HEALTH CARE LIMITED - Form 603 RE:

We attach our notice of becoming a substantial holder (Form 603) in respect Primary Health Care Limited.

We note that the shares reported in this Form are owned by third party accounts under the discretionary investment management of Ellerston Capital Limited.

None of Ellerston Capital Limited, nor any of its shareholders or any of their associates hold a direct interest in any shares disclosed in this Form.

Yours sincerely,

Ellerston Capital Limited

Form 603

Corporations Act 2001
Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Primary Health Care Limited
ACN/ARSN/ARBN	24 064 530 516
1. Details of substantial holder (1)
Name	Ellerston Capital Limited (Primary Person), and its associates being those persons listed in Annexure B
ACN/ARSN (if applicable)	ACN 110 397 674
18/02/2016 The holder became a substantial holder on

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
IORDINARY SHARES FULLY PAID	32,644,342	32,644,342	6.26%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Primary Person	The Primary Person in its capacity as investment manager for various clients or as trustee/responsible entity for investment vehicles, has the power to exercise, or control the exercise of, a right to vote lattached to the securities and has the power to dispose of, or control the exercise a disposal of, the securities	32,644,342 ordinary shares fully lpaid

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of Securities	Person entitled to be registered as holder (8)	Class and number of securities
Primary Person	JPM Nominees Limited		10,864,075 ordinary shares fully paid
Primary Person	Securities BNP Paribas Services		2,037,928 ordinary shares fully paid

Primary Person	National Nominees Limited	4,560,177 ordinary shares fully paid
Primary Person	Nominees Pty Citicorp Limited	15,182,162 ordinary shares fully paid

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

See Annexure A

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Refer to Annexure B

7. Addresses

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

Name	Address
See annexures	The Substantial Shareholder - c/- Level 11, 179 Elizabeth Street, Sydney, NSW, 2000
	The entities listed in Annexure $B - c$ - Level 11, 179 Elizabeth Street, Sydney, NSW, 2000
Primary Health Care Limited	Level 1, 30-38 Short Street, LEICHHARDT, NSW, AUSTRALIA, 2040

Signature

print name		capacity	Company Secretary
sign here	$\mathcal{H}$	date	19/02/2016

• 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 ann $(1)$ 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 7 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 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a $(5)$ relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• Include details of: $(7)$
• any relevant agreement or other circumstances by which the relevant interest was acquired. 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
• 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 $(b)$ 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.

• 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." $(8)$
• Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest was acquired has, or $(9)$ 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 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.

PRIMARY HEALTH CARE LIMITED ABN 24 064 530 516

This is Annexure A of 2 pages referred to in Form 603 - Notice of initial substantial holder.

Signature

print name IAN KELLY
MHelly capacity Company Secretary date 19/02/2016 sign here

Date of change	Person whose relevant interest Nature of change Consideration given in changed	(4)	relation to change (5)	Class (6) and number of securities affected	Person's votes affected
19/02/2016	Primary Person	Buy		\$17,170,200.00 6,000,000 Ordinary shares	6,000,000
18/02/2016	Primary Person			\$7,014,400.00 2,500,000 Ordinary shares	2,500,000
		Buy
17/02/2016	Primary Person	Buy	\$866,095.95	353,177 Ordinary shares	353,177
03/02/2016	Primary Person	Buy		\$6,050,000.00 2,500,000 Ordinary shares	2,500,000
29/01/2016	Primary Person	Sell	\$293,738.76	119,406 Ordinary shares	119,406
20/01/2016	Primary Person	Buy		\$2,566,369.61 1,069,811 Ordinary shares	1,069,811
15/01/2016	Primary Person	Buy		\$4,934,600.00 2,000,000 Ordinary shares	2,000,000
11/01/2016	Primary Person	Buy		\$2,518,878.98 1,050,978 Ordinary shares	1,050,978
08/01/2016	Primary Person	Buy	\$1,057,306.22	435,751 Ordinary shares	435,751
06/01/2016	Primary Person	Buy		\$2,717,412.27 1,123,687 Ordinary shares	1,123,687
05/01/2016	Primary Person	Buy	\$911,140.71	378,475 Ordinary shares	378,475
04/01/2016	Primary Person	Buy		\$4,041,033.05 1,689,607 Ordinary shares	1,689,607
22/12/2015	Primary Person	Buy		\$6,741,900.00 3,000,000 Ordinary shares	3,000,000
17/12/2015	Primary Person	Buy		\$4,790,000.00 2,000,000 Ordinary shares	2,000,000
16/12/2015	Primary Person	Buy		\$2,434,000.00 1,000,000 Ordinary shares	1,000,000

PREC_10183_4 (W97)

10/12/2015	Primary Person	Buy		\$4,471,350.00 1,500,000 Ordinary shares	1,500,000
26/11/2015	Primary Person	Buy		\$3,239,500.00 1,000,000 Ordinary shares	1,000,000
23/11/2015	Primary Person	Buy		\$3,274,600.00 1,000,000 Ordinary shares	1,000,000
11/11/2015	Primary Person	Buy		\$3,761,400.00 1,000,000 Ordinary shares	1,000,000
23/10/2015	Primary Person	Buy	\$3,279,300.00	820,000 Ordinary shares	820,000
22/10/2015	Primary Person	Buy		\$3,954,800.00 1,000,000 Ordinary shares	1,000,000
21/10/2015	Primary Person	Buy	\$3,857,885.20	982,000 Ordinary shares	982,000
20/10/2015	Primary Person	Buy	\$1,414,280.53	360,262 Ordinary shares	360,262

PRIMARY HEALTH CARE LIMITED ABN 24 064 530 516

This is Annexure B of 3 pages referred to in Form 603 - Notice of initial substantial holder.

Signature

print name	capacity	Company Secretary
sign here	date	19/02/2016

The following entities represent the Passive Substantial Holders. Each is a related body corporate of the Principal Person or a person that
controls a related body corporate of the Principal Person and so an associate of t

PARTY/ENTITY NAME	AUSTRALIAN COMPANY NO.
Aidem Holdings Pty Limited	161 624 399
Arctic Asia GP general partner of the Arctic Asia
Opportunities Fund, L.P.
Arctic Capital Ltd
Arctic LES (Ireland) Limited
Arctic LES (Luxembourg) Sarl
Australian Financial Times Pty Ltd	003 993 682
Australian Fluorine Chemicals Pty Ltd	000 333 684
Bareage Pty Ltd	060 526 865
Cairnton Pty Ltd	001 735 075
Cairnton Holdings Limited	008 394 134
Captwo Pty Ltd	091 030 929
Casthree Pty Ltd	084 494 619
Castwo Pty Ltd	084 494 520
Catone Pty Ltd	091 030 910
Cavalane Holdings Pty Ltd	080 695 754
CBG Holding Company Pty Limited	163 161 420
Chermon Pty Ltd	123 039 305
Conpress (Hong Kong) Ltd
Conpress (Malaysia) Sdn Bhd
Conpress Cayman, LDC
Conpress Cayman II, LDC
Conpress Cayman III, LDC
Conpress Christchurch Pty Ltd
Conpress Finance BV
Conpress Holdings Pty Ltd	088 047 974
Conpress International Finance
Conpress International (Netherlands Antilles) NV
Conpress International (Netherlands Antilles) II NV
Conpress Mauritius Limited
Conpress Securities Pty Limited	160 602 853
Consolidated Custodians International Ltd
Consolidated Custodians Pty Ltd	008 394 492
Consolidated Gaming Pty Ltd	071 513 409
Consolidated Press Entertainment Pty Ltd	070 506 606
Consolidated Press (Finance) Ltd	001 557 035
Consolidated Press Financial Services Pty Ltd	008 457 869
Consolidated Press (Finance) III Pty Ltd	604 881 030
Consolidated Press Holdings Ltd	008 394 509
Consolidated Press International Limited
Consolidated Press International Holdings Limited

	AUSTRALIAN
PARTY/ENTITY NAME	COMPANY NO.
Consolidated Press Investments Pty Ltd	000 089 118
Consolidated Press Property Pty Ltd	004 160 703
CPH Crown Holdings Pty Limited	603 296 804
CPH Crown Holdings II Pty Limited	608 867 036
Consolidated Press (Finance) II Pty Limited	603 295 834
Consolidated Press (Finance) LLC (USA)
Cairnton Holdings Bahamas Limited (Bahamas)
CP International Investments Ltd
CP International Management Services Limited
CP International Resources Ltd
CP International Securities Ltd
CPH Barbuda Holdings Limited (Bahamas)
CPH Capital Pty Ltd	096 130 899
CPH Direct Investments Pty Ltd	122 328 652 089 304 941
CPH Fashion Pty Ltd
CPH Gaming I Pty Limited	603 295 674 603 295 923
CPH Gaming II Pty Limited CPH Gaming III Pty Limited	603 296 162
CPH Gaming IVA Pty Limited	603 296 537
CPH Gaming IVB Pty Limited	603 296 546
CPH Investments Management Pty Limited	092 008 172
CPH Products Pty Limited	106 918 638
CPH Property Pty Limited	000 031 747
CPH Snow Investments Pty Limited	163 335 724
CPH WA Investment Co Pty Limited	129 011 534
DCE America Inc.
ECS Investment Partners Pty Ltd	166 264 375
Ellerstina Inversiones (Malaysia) Sdn Bhd
Ellerstina Inversiones SA
Ellerston Asian Emerging Opportunities Fund
Ellerston Australian Ex-Top 20 Fund
Ellerston Australian Small Companies Fund
Ellerston Australian Share Fund
Ellerston Australian Market Neutral Fund
Ellerston Capital Limited	110 397 674
Ellerston Capital (Europe) Limited
Ellerston Capital (Hong Kong) Limited
Ellerston Capital (Resources No.1) Limited
Ellerston Global Equity Managers Offshore Fund
Ellerston Global Equity Managers Fund
Ellerston Leisure Pty Limited	608 785 753
Ellerston Onassis Polo Pty Limited	608 392 436
Ellerston Opportunities Pty Ltd Ellerston Overlay ASF	150 851 666
Ellerston Pty Ltd	123 039 341
Ellerston Special Opportunities Platform
Engine Room Management Pty Limited	094 993 585
Engine Room Music Pty Ltd	088 993 104
Holiwest Pty Ltd	082 627 898
Hoyts Cinemas America Limited
Hoyts Cinemas Argentina Limited
Hoyts Cinemas Chile Limited
Hoyts Cinemas Germany GmbH
Hoyts Cinemas Germany Operations GmbH
Hoyts Cinemas Operations Pty Ltd	006 530 347
Hoyts Cinemas Overseas Holdings Sdn Bhd
Hoyts Cinemas (South America) Holdings Limited
Hoyts Cinemas (Wood Green) Limited
Hoyts Emerging Territories Ltd
Hoyts Overseas Operations Sdn Bhd
HUSH Holding Company Inc
HUSH Holding Subsidiary Inc

	AUSTRALIAN COMPANY NO.
PARTY/ENTITY NAME HUSH Holdings US Inc
Hyde Park Gardens (Jersey) Limited
Jadeite Phoenix Pty Limited	164 098 113
Jaslib Pty Ltd	065 059 458
Jasopt Pty Ltd	065 064 164
Jersey Boys LLC
KPE Multiplexthreatre GmbH & Co KG
Lenvoka Pty Limited	003 274 628
Lutrust Pty Limited	088 937 428
Magenta Investments Ltd
Murray Leisure Group Pty Limited	000 090 273
Murray Publishers Pty Limited	000 067 998
Nicarby Pty Ltd	086 715 362
Northeast Cinemas, L.L.C.
Northeast Cinemas (Connecticut) L.L.C.
Northeast Cinemas (Maryland) L.L.C.
Northkom Pty Ltd Northkom I Pty Limited	082 885 961 604 022 899
Northkom Bahamas Limited (Bahamas)
Nova One Limited Nova Two Limited
Park Street Partners Cayman II Limited
Park Street SPV 1 (Cayman) Limited
Perisher Blue Pty Ltd	061 232 488
Perisher Snow Holidays Pty Limited	139 766 993
Pretty Girl Fashion Group Pty Ltd	051 283 900
Raystonel Pty Limited	123 039 270
RatPac Entertainment II, LLC
RatPac Entertainment, LLC
Ratpac Development LLC
Ratpac Documentary Films LLC Ratpac Entertainment LLC
Ratpac Film Fund LLC
Ratpac Holding LLC
Ratpac Press LLC
Ratpac Productions LLC
Revlake Pty Limited	051 765 818
Ridgegate Pty Limited	058 139 923
Rosgrove Pty Limited	051 649 560
S. One Holding Company Pty Limited	601 640 215
Samenic Limited Savabow Pty Ltd	066 234 900 084 712 774
SBC Burlington Corp
ScrumPac Pty Ltd	602 375 253
Silthree Pty Ltd	084 494 575
Siltwo Pty Ltd	084 494 495
Silver City Cinemas, Inc.
Silver City Holdings, Inc.
Sonomaco Pty Ltd	169 386 421
Sandpiper Bahamas Limited (Bahamian)
Taringah Pty Ltd	105 268 862
Toranaga Pty Ltd Toray Pty Ltd	056 229 728 002 348 503
Treysta Pty Ltd	078 467 080
Wakefield Bahamas Limited
Water Diviner LLC
Western Empire Publications Ltd
W.Lane Pty Ltd	003 115 124
Wombat Enterprises Pty Ltd	003 115 124
Wooltech Pty Limited	010 717 441