Immuron Ltd — Major Shareholding Notification 2014

Jan 28, 2014

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ASX Announcement / Media Release

Tuesday 28[th] January 2014

CHANGE OF SUBSTANTIAL SHAREHOLDING – GRANDLODGE

Attached is an updated substantial shareholder notice under section 671B of the Corporations Act received by the Company from [Grandlodge].

Grandlodge has confirmed its commitment to support the Company's underwritten 2014 Rights Issue in its capacity as a sub-underwriter of that Rights Issue (managed by Patersons Securities Limited).

Please note that Grandlodge has undertaken to limit the number of IMC shares taken under the 2014 Rights Issue to the maximum as prescribed under the Corporations Act (being 20% of the expanded share capital after completion of the 2014 Rights Issue).

The Company had previously applied for an approval by ASIC under section 615 of the Corporations Act (which would have allowed Grandlodge to exceed this 20% limit), but ASIC declined to provide that approval.

Accordingly as outlined in the Company's Offer Document in respect of the 2014 Rights Issue, Grandlodge is limited to that 20% threshold.

For and on behalf of the Company,

Kind Regards;

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Peter Vaughan Company Secretary Immuron Limited

Suite 1, 1233 High Street Armadale, Victoria AUSTRALIA 3143

www.immuron.com ABN: 80 063 114 045

Phone: + 61 (0)3 9824 5254 Facsimile: + 61 (0)3 9822 7735

604 Page 1 of 3 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

Immuron Limited

ACN/ARSN 063 114 045

1. Details of substantial holder (1)

Name Grandlodge Pty Ltd

ACN/ARSN (if applicable)

056 187 467

There was a change in the interests of the substantial holder on 23 / 01 / 2014 The previous notice was given to the company on 14 / 05 / 2013 The previous notice was dated 07 / 05 / 2013

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:

ompany or scheme, are as follows:
Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Ordinary Shares	168,326,929	16.56%	155,276,929	14.74%

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	Person whose	Nature of change (6)	Consideration given	Class and number	Person's votes
change	relevant interest		in relation to change	of securities	affected
	changed		(7)	affected
		Issue of
		equity as per
		resolution 4
		approved by
04/12/2013	GrandlodgePty Ltd	shareholdersat the AnnualGeneral	Nil	OrdinaryShares8,750,000	8,750,000
		Meeting of the
		Company held
		29th November
		2013
23/01/2014	GrandlodgePty Ltd	On marketdisposal	$136,931.52	OrdinaryShares21,800,000	21,800,000

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevant	Registered holder	Person entitled to be	Nature of relevant	Class and number	Person's votes
	of securities	registered as holder	interest(6)	of securities

604 Page 2 of 3 15 July 2001

interest		(8)
GrandlodgePty Ltd	GrandlodgePty Ltd	Grandlodge PtyLtd	Shareholder	OrdinaryShares101,626,929	101,626,929
GrandlodgePty Ltd	AdvancedClinicalSystemsInternationalPty Ltd	AdvancedClinicalSystemsInternationalPty Ltd	Shareholder	OrdinaryShares8,750,000	8,750,000
GrandlodgePty Ltd	Mr PeterAnastasiou &Mrs KristinePatriciaAnastasiou(AnastasiouSuper FundA/C)	Mr PeterAnastasiou &Mrs KristinePatriciaAnastasiou(AnastasiouSuper FundA/C)	Shareholder	OrdinaryShares44,900,000	44,900,000

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
N/A	N/A

6. Addresses

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

Name	Address
All	Level 1, Suite 10, 248 Maroondah Highway, Chirnside Park,VIC 3116

Signature

print name Peter Anastasiou capacity Director sign here date 28 / 01 / 2014

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 Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (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

604 Page 3 of 3 15 July 2001

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 Act 2001.

• (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.