HUMM GROUP LIMITED — Major Shareholding Notification 2007

Jan 30, 2007

Form 603

Corporations Law Section 671B

Notice of initial substantial holder

Tо	Company Name/Scheme	FLEXIGROUP LIMITED
	ACN/ARSN
1.	Details of substantial holder(1)
Name		Paradice Investment Management Pty Ltd
	ACN/ARSN (if applicable)	090 148 619
	The holder became a substantial holder on	24/01/07

$2.$ 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	Persons' votes (5)	Voting power (6)
FPO		10.899.606	10,899,606	5.01%

*Based on issued capital of 217,482,000 shares

$3.$ 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
See Schedule 1

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
See Schedule 1

$5.$ 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
Paradice Investment Management Pty Ltd	Various dates between 07/12/06 and 22/01/07	( \$27, 205, 797)		10,899,606 FPO

Associates ß.

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
N/A

7. Addresses

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

Name	Address
Paradice Investment Management Pty Ltd	Level 11, 15 Bent Street, Sydney NSW 2000

Signature

print name Kylie Barnes	capacity Company Secretary

sign here

date

30

$101107$

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, $(1)$ 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 7 of the form.
• See the definition of 'associate' in section 9 of the Corporations Law. $(2)$
• $(3)$ See the definition of 'relevant interest' in sections 608 and 671B(7) of the Corporations Law.
• 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 $(5)$ 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. $(6)$
• Include details of: $(7)$
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a $(a)$ 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 $(b)$ 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 Law.

• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) $(8)$ write 'unknown'.
• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was $(9)$ 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.

Details of relevant interests

Holder of relevant interest	Nature of relevant interest	IClass and number of securities.
Paradice Investment Management Pty Ltd	Power to (or to control) exercise vote	10,899,606 Fully paid ordinary shares
	and/or dispose of the securities as
	discretionary investment managers or
	advisers of superannuation funds, pooled
	superannuation trusts, managed investment
	schemes and investment management
	agreements.

4. Present relevant interest

Holder of relevant interest	Registered Holder of securities Person entitled to be		Nature of relevant	Class and no.	Persons votes
		registed as holder	linterest	of securities
Paradica Investment Management Pty Ltd		JP Morgan Nominees Australia ЦRetail Employees Superannuatio∣investment Manager. Pty Ltd		2,582,715	2,582,715
Paradice Investment Management Pty Ltd	JP Morgan Nomisees Australia UHEST Australia Ltd.		Investment Manager	1.160.472	1,160,472
Paradice Investment Massgement Pty Ltd	JP Morgan Nominees Australia LHOST Plus Super-		Investment Manager	898,520	898,520
Paradice Investment Management Pty Ltd	National Nominees Ltd	PIM Nominees Pty Ltd	Investment Manager	2.164.476	2,164,476
Paradice Investment Masagement Pty Ltd	National Nominees Ltd	Construction & Building Union Superanneation Fend	Investment Manager	806.018	806,018
Paradice Investment Management Pty Ltd	IANZ Nominees Lid	Accident Compensation Corporation	Investment Manager	796.233	796,233
Paradice Investment Management Pty Ltd	National Nominees Ltd	Brisbane City Council	Investment Manager	292.722	292,722
Paradice Investment Management Pty Ltd	State Street	MLC	Investment Manager	637,006	637,006
Paradice Investment Management Pty Ltd	JP Morgan Nominees Australia LAustralian Super-		Investment Manager	1,457,944	1,457,944
Paradice Investment Management Pty Ltd	ANZ Nommees	Warakimi	Investment Manager	103,500	166,071
				10.899.606