HUMM GROUP LIMITED — Major Shareholding Notification 2008

Mar 26, 2008

604 page 1/2 27 March 2008

Section 671B

Form 604

Corporations Law

Notice of change of interests of substantial holder

To 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

There was a change in the interests of the 26/03/08 substantial holder on

The previous notice was given to the company 28/12/07 on The previous notice was dated 20/12/07

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 securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
FPO	18,346,845	8.44%	14,869,020	6.84%
	BASED ON ISSUED* CAPITAL OF** 217,482,000

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 of change	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
26/03/08	Paradice Investment Management Pty Ltd	Sale of 1,579,419 shares	$1,005,758	1,579,419 FPO	1,579,419

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
See Schedule 1

SYD4_137740_1 (W97)

604 page 2/2 27 March 2008

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
Not Applicable
resses sses of persons named in this form are as follows:
Name	Address
Paradice Investment Management Pty Ltd	Level 12, 139 Macquarie Street, Sydney NSW 2000

6. Addresses

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

Signature

print name Kylie Barns capacity Company Secretary
sign here date 27 / 03 / 08
DIRECTIONS
e a number of substantial holders with similar or related relevant interests (eg. a corporation and its related
ons, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the
nterests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically
oup if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of
efinition of 'associate' in section 9 of the_Corporations Law_.
efinition of 'relevant interest' in sections 608 and 671B(7) of the_Corporations Law_.
g shares of a company constitute one class unless divided into separate classes.
on's votes divided by the total votes in the body corporate or scheme multiplied by 100.
etails of:
relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection
B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person
ng full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a
ten statement certifying this contract, scheme or arrangement; and
qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting
ers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to
ch the qualification applies).
efinition of 'relevant agreement' in section 9 of the_Corporations Law_.
the consideration must include any and all benefits, money and other, that any person from whom a relevant interest
ired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the
conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the
al holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the
nterest was acquired.
stantial holder is unable to determine the identity of the person (eg if the relevant interest arises because of an
rite 'unknown'.
ils, if appropriate, of the present association and any change in that association since the last substantial holding

• (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 Law .

• (3) See the definition of 'relevant interest' in sections 608 and 671B(7) of the Corporations Law .

• (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 Law .

• (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 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.

• (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.

SYD4_137740_1 (W97)

Schedule 1 - Paradice Investment Management - Change in substantial holding for FLEXIGROUP LIMITED

4. Present relevant interest

4. Present relevant interest
Holder of relevant Interest	Registered Holder of securities	Person entitled to be registed as holder	Nature of relevant interest	Class and no. of securities	Persons votes
Paradice Investment Management Pty Ltd Paradice Investment Management Pty Ltd Paradice Investment Management Pty Ltd	National Nominees Ltd JP Morgan Nominees Australia Ltd ANZ Nominees Ltd	National Nominees Ltd JP Morgan Nominees Australia Ltd ANZ Nominees Ltd	Investment Manager Investment Manager Investment Manager	12,473,920 2,229,103 165,997	12,473,920 2,229,103 165,997

14,869,020

SYD4_137740_1 (W97)