IGO LIMITED — Major Shareholding Notification 2011

Mar 16, 2011

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

	To Company Name/Scheme Independence Group NL (IGO)
ACN/ARSN	092 786 304
1. Details of substantial holder (1)
Name	JCP Investment Partners Ltd
ACN (if applicable)	ACN 085 400 540
There was a change in the interests of the substantial holder on	15/03/2011
The previous notice was given to the company on	15/06/2010
The previous notice was dated	17/06/2010

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

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power $(5)$
Ordinary	11,645,716	10.24%	15.658.797	11.28%

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
See Annexure B

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	Registered	Person entitled	Nature of	Class and	Person's votes
interest	holder of	to be registered	relevant	number of
	securities	$\mu$ s holder $(8)$	interest $(6)$	securities
See Annexure A

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 (if applicable)	Nature of association
----------
-----------------

6. Addresses

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

	Addres-
JCP Investment Partners Ltd	Level 23, Bourke Place, 600 Bourke Street, Melbourne VIC 3000 Australia

Signature

print name capacity Company Secretary Nancy D 15/03/2011 dute

DIRECTIONS

• $(1)$ 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:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, $\left( a\right)$ 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.

• 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 $(7)$ 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".
• $(9)$ Given details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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t,

Holder of Relevant Interest	Registered Holder of Securities	Class	Number of Securities
JCP Investment Partners Ltd	National Nominees Limited	Fully Paid Ordinary	6,020,340
JCP Investment Partners Ltd	Deutsche Bank AG	Fully Paid Ordinary	2,281,324
JCP Investment Partners Ltd	UP Morgan Nominees Australia Ltd	Fully Paid Ordinary	3,053,026
JCP Investment Partners Ltd	Cogent Nominees Pty Ltd	Fully Paid Ordinary	667,186
JCP Investment Partners Ltd	HSBC Custody Nominees (Australia) Limited	Fully Paid Ordinary	3,636,921
			15,658,797

$\ell$ rik $\mathcal{U} \cup$

Nancy Day
Company Secretary
15/03/2011

$\ddot{\phantom{a}}$

For the period between 15 June 2010 to 15 March 2011
			Type of
Transaction date	Entity	Instruments	transaction	Ccy	Consideration	Quantity
$8-Sep-10$	JCP	Independence Group NL	Purchase	AUD	-\$ 72,029.97	(12,000)
20-Sep-10	JCP	Independence Group NL	Purchase	AUD	10,154.41 -\$	(1,600)
19-Nov-10	JCP	Independence Group NL	Purchase	AUD	\$16,730,296.10	2,515,834
29-Nov-10	JCP	Independence Group NL	Sale	AUD	-\$ 231,890.13	(33, 300)
30-Nov-10	JCP	Independence Group NL	Sale	AUD	\$ 477,222.49	66,810
$1 - Dec-10$	JCP	Independence Group NL	Sale	AUD	\$ 1,142,067.41	156,299
$2$ -Dec-10	JCP	Independence Group NL	Sale	AUD	1,112,998.22 \$	150,000
$3-Dec-10$	JCP	Independence Group NL	Sale	AUD	1,262,772.00 \$	168,000
21-Dec-10	JCP	Independence Group NL	Sale	AUD	-\$ 61,081.44	(7,700)
24-Dec-10	JCP	Independence Group NL	Sale	AUD	-\$ 714.20	(90)
$5 - Jan - 11$	JCP	Independence Group NL	Sale	AUD	-\$ 269,482.06	(33, 859)
$6 - Jan - 11$	JCP	Independence Group NL	Sale	AUD	-\$ 1,213,216.57	(155,000)
7-Jan-11	JCP	Independence Group NL	Sale	AUD	-\$ 798,497.70	(102, 565)
$31$ -Jan-11	JCP	Independence Group NL	Sale	AUD	\$ 357,874.51	50,374
$3-Feb-11$	JCP	Independence Group NL	Sale	AUD	\$ 64,449.67	8,800
10-Mar-11	JCP	Independence Group NL	Sale	AUD	$\overline{\mathbf{S}}$ 30,626.25	(4, 942)
11-Mar-11	JCP	Independence Group NL	Sale	AUD	\$ 1,163,041.97	186,000
15-Mar-11	JCP	Independence Group NL	Sale	AUD	1,382,442.20 \$	231,000
For the period
between 15 June
2010 to 15 March
2011	JCP	Independence Group NL Transfer Out		AUD		1,511,058

NÝ

Nancy Day
Company Secretary
15/03/2011