HUMM GROUP LIMITED — Major Shareholding Notification 2006

Dec 13, 2006

CALEDONIA

Level 21, Gold Fields House, 1 Alfred Street, Sydney, NSW 2000 Australia Telephone: (61-2) 9255 7600 Facsimile: (61-2) 9255 7610 e-mail: cil@caledonia.com.au

Caledonia Investments Pty Limited (ABN: 17 055 008 556) (AFS Licence No. 253012) Caledonia (Private) Investments Pty Limited (ABN: 58 003 977 115) (AFS Licence No. 254432)

FACSIMILE MESSAGE

ATTENTION: The Manager - Company Announcements

COMPANY: Australian Stock Exchange

FAX: 1900 999 279

FROM: Robert Luciano

DATE: 14/12/2006

NO. OF PAGES: 5

(including header sheet)

IMPORTANT: This message is intended only for the use of the individual or entity to which it is addressed and may contain information that is confidential and privileged. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this documentation is strictly prohibited. If you have received this communication in error, please notify us immediately by telephone and destroy the original message. Thank you.

$#$ $2/$ $\mathsf S$

603 page 1/2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	FLEXIGROUP LIMITED
ACN/ARSN 122 574 583
1. Details of substantial holder (1) Name ACN/ARSN (if applicable)	CALEDONIA INVESTMENTS FTY LIMITED & ITS ASSOCIATED ENTITIES 055 008 556

The holder became a substantial holder on 12/12/2006

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

$\lambda$

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
IORDINARY	12,170,000	12.170.000	5.71%
		.

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
'AS PER ANNEXURE "A"	POWER TO VOTE	ORDINARY
		12,170,000

4. Details of present registered holders

$\cdot$

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
	AS PER ANNEXURE "A" AS PER ANNEXURE "A"	AS PER ANNEXURE "A"	ORDINARY
			112,170,000

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:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
	AS PER ANNEXURE "A" AS PER ANNEXURE "B"	LANNEXURE		AS PER
		11R1		ANNEXURE "B"

$;612$ 92557610

603 page 2/2 15 July 2001

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
IAS PER ANNEXURE "A"

7. Addresses

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

Name	Address
IAS PER ANNEXURE "A" .

Signature

print name ROBERT LUCIANO capacity DIRECTOR $412106$ sign here date

DIRECTIONS

• 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 $(1)$ form.
• $\left( 2\right)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $\left( 3\right)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless divided into separate classes. $\left( 4\right)$
• $(5)$ 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 relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $\left( 6\right)$
• $\left( 7\right)$ Include details of:
• $\left( a\right)$ any relevant agreement or other circumstances by which the relevant interest was acquired. 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
• $\mathbf{b}$ 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.

• $(8)$ 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".
• $(9)$ 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 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.

ANNEXURE "A"

TO FORM 603 "Notice of initial substantial holder" dated 14/12/2006

The associated entities are:

Caledonia Investments Pty Limited (ACN 055 008 556) - (as Fund Manager).

Caledonia (Private) Investments Pty Limited (ACN 003 977 115) - (as Fund Manager).

Mark A. Nelson

J. William Vicars

Each entity has Level 21, 1 Alfred Street, Sydney NSW 2000 as its registered office.

Robert Luciano Director

$14/(2/06)$

Date

ANNEXURE "B"

FLEXIGROUP LIMITED (ACN: 122 574 583)

TO FORM 603 "NOTICE OF INITIAL SUBSTANTIAL HOLDER" DATED 14/12/2006

DATE OF ACQUISITION		CONSIDERATION (CASH)	NUMBER OF CLASS OF SECURITIES SECURITIES
12/12/2006		\$ 15,140,000.00		7,570,000 ORDINARY
12/12/2006		\$11,998,962.99		4,600,000 ORDINARY
TAT 81	$\bullet$	$0.7$ and aco and	40.470.000

TOTAL

$S$ 27,138,962.99

12,170,000

$14/12/06$

DATE

ROBERT LUCIANO DIRECTOR

$\bar{\mathcal{A}}$

$\sim$