INSIGNIA FINANCIAL LTD — Major Shareholding Notification 2008

Apr 29, 2008

Form 605 Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To: Australian Worldwide Exploration Limited ACN: 077 897 440 ASX Code: AWE

1. Details of substantial holder

Name: IOOF Holdings Limited ACN: ACN 100 103 722

This notice is given by IOOF Holdings Limited, on behalf of itself and its subsidiaries.

The holder ceased to be a substantial holder on: 29/04/08 The previous notice was given to the company on: 11/04/08 The previous notice was dated: 10/04/08

2. 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 as follows:

Date 16/04/2008 17/04/2008 18/04/2008 21/04/2008 22/04/2008 24/04/2008 28/04/2008 29/04/2008	Person	Nature	Consideration	Class & number **(ord) **	Person's votes
	Perennial Investment Partners Limited (ACN 087 901 620)	Sold on market	-$ 107,703.01	- 30,000	- 30,000
	Perennial Investment Partners Limited (ACN087901620)	Sold on market	-$ 2,881,733.37	- 800,000	- 800,000
	Perennial Investment Partners Limited (ACN087901620)	Sold on market	-$ 795,245.35	- 220,946	- 220,946
	Perennial Investment Partners Limited (ACN 087 901 620)	Sold on market	-$ 2,395,274.87	- 650,000	- 650,000
	Perennial Investment Partners Limited (ACN087901620)	Sold onmarket	-$ 2,074,945.97	- 569,868	- 569,868
	Perennial Investment Partners Limited (ACN087901620)	Purchased on market	$ 1,949,769.36	515,812	515,812
	Perennial Investment Partners Limited (ACN 087 901 620)	Sold on market	-$ 682,119.01	- 190,000	- 190,000
	Perennial Investment Partners Limited (ACN087901620)	Sold on market	-$ 2,008,994.07	- 551,439	- 551,439

2

3. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

company or scheme are as follows:
**Name & ACN **	Nature of association
Notapplicable

4. Addresses

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

Name	Address
IOOF Holdings Limited	Level 29, 303 Collins Street Melbourne Victoria 3000
Perennial Value Management Limited	Level 29, 303 Collins Street MelbourneVictoria 3000
Australian Worldwide Exploration Limited	Level 9 , 60 Miller Street , NORTH SYDNEY , NSW, AUSTRALIA, 2060
Michael Crivelli	C/O Level 29, 303 Collins Street Melbourne Victoria 3000