Immuron Ltd — Major Shareholding Notification 2009

Nov 1, 2009

Form 603 Corporation Act 2001 Section 671B Notice of initial substantial holder

To Immuron Limited ACN/ARSN 063 114 045

1. Details of substantial holder

Name Capital Concerns Pty Limited ABN 15 196 132 213

The holder became a substantial holder on 8 September 2009

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
	Number of securities	Person's votes	Voting power
ORD	14,627,723
		4,627,723	5.19%

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	Class and number of securities
Capital Concerns Pty Ltd	Sole Director & Sole Company Secretary	Ordinary 13,526,352
Capital Concerns Pty Ltd	Sole Director & Sole Company Secretary
Catherine Bardolph		Ordinary 803,640 Ordinary 297,731

4. Details of present registered holders

The person registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities
Capital Concerns Pty Ltd <logue family="" super<="" td="">	Capital Concerns Pty Ltd <logue family="" super<="" td="">	Class & number of securities	Capital Concerns Pty Ltd <logue family="" super<="" td="">	Class & number of securities	Class & number of securities
Fund A/C>	Fund A/C>	Ordinary 13,526,352
Capital Concerns Pty Ltd	Capital Concerns Pty Ltd
		Ordinary 803,640
Catherine Bardolph	Catherine Bardolph	Ordinary 297 731

5. Consideration

The consideration paid for each relevant interest to in paragraph 3 above, and acquired in the hour months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of	Consideration	Class & number of securities
Capital Concerns Pty Ltd <logue family<="" td="">	acquisition	Cash/Non-cash		acquisition	Cash/Non-cash
Super Fund A/C>	Prior to 08/09/09 See Annexure A	Cash See Annexure A	Ordinary 3,126,352
Capital Concerns Pty Ltd <logue family<="" td="">	08/09/09	Cash	Ordinary 10,400,000	08/09/09	Cash	Ordinary 10,400,000
Super Fund A/C>	See Annexure A	At \$0.025

Capital Concerns Pty Ltd	21/08/09 See Annexure A	Cash See Annexure A	Ordinary 803,640
Catherine Bardolph	21/08/09 See Annexure A	Cash See Annexure A	Ordinary 297,731

6. Associate

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
Catherine Bardolph	Spouse of Director of Capital Concerns Pty Ltd

7. Addresses

$\overline{a}$

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

Name	Address
Capital Concerns Pty Ltd	221 GlenHuntly Road, Elsternwick VIC 3185
Capital Concerns Pty Ltd	Locked Bag 899, Elsternwick VIC 3185
Catherine Bardolph	C/-Capital Creation P/L Locked Bag 899, Elsternwick VIC 3185

Signature

Print name

Kevin Logue (Sole Director & Sole Company Secretary of Capital Concerns Pty Ltd)

Sign here

Date

02/11/2009

This is "Annexure A" of 1 page referred to in Form 603 Notice of initial substantial holder

Relevant interest in Immuron Limited (IMC) held by Capital Concerns Pty Ltd and its affiliates

Capital Concerns Pty Ltd Prior to 08/09/2000

I HALLO DOLDAL COUPL
Date of	Consideration

$-$ acquisition	Corisideration	Number of securities	Note
From 2000 to 12/08/2003	Cash. Average price \$0.16	327,131
25/09/07	Cash at \$0.14	1,000,000	Off-market transfer from Capital Creation Nominees Pty
From 29/11/2007 to 20/12/2007	Cash. Average price \$0.099	9,199	Ltd
18/04/2008	Cash at \$0.05	1,000,000	ANX Share Purchase Plan
05/12/2008 21/08/2009	Cash at \$0.05	276,000	Off-market transfer from Capital Creation Pty Ltd
21/08/2009	Cash at \$0.03	147,640	IMC Placement
	Cash at \$0.03	366,382	Off-market transfer from Capital Creation Pty Ltd
		3,126,352

Capial Concerns Pty Ltd

On 08/09/2009 (date became substantial holder)

Date of acquisition	Consideration	Number of securities	Note
08/09/2009	Cash at \$0.025
08/09/2009	Cash at \$0.025	8,000,000	IMC Placement
		2,400,000	Off-market transfer from Capital Creation Pty Ltd
		10,400,000

Capital Concerns Pty Limited

Date of acquisition	Consideration	Number of securities	Note
From 1999 to 05/12/2008	Cash. Average price \$0.195	656,000
21/08/2009	Cash at \$0.03	147,640	IMC Placement
		803,640

Catherine Bardolph

$\sim$

Date of acquisition	Consideration	Number of securities	Note
From 17/10/2003	Cash
to 05/12/2008	Average price \$0.356	150,091
21/08/2009	Cash at \$0.03	147,640	I IMC Placement
		297,731