INSIGNIA FINANCIAL LTD — Major Shareholding Notification 2011

Sep 8, 2011

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

To: Aquarius Platinum Limited ACN: 087 577 893 ASX Code: AQP

1. Details of substantial holder

Name: IOOF Holdings Limited ACN: 100 103 722

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

The holder became a substantial shareholder on: 07/09/2011

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interest in the scheme that the substantial holder or an associate had a relevant interest in on the date the substantial holder is as follows:

Class of securities	Number of securities	Person’s votes	Voting Power
Ordinary	23,512,716	23,512,716	5.001%

3. Details of present registered holders

The persons registered as holders of the securities are as follows:

Registered holder of securities	Person Entitled to be holder	Nature of relevant interest	Class & Number (Ord)	Person's votes
Northern Trust		InvestmentManager	1,169,874	1,169,874
NAB Asset Servicing		Investment Manager	11,956,810	11,956,810

2

Perennial Investment Partners Limited (ACN 087 901 620)	JP Morgan		InvestmentManager	4,500,213	4,500,213
Perennial Investment Partners Limited (ACN 087 901 620)	JB WERE		Investment Manager	92,391	92,391
Perennial Investment Partners Limited (ACN 087 901620)	Citigroup		InvestmentManager	3,725,465	3,725,465
Perennial Investment Partners Limited (ACN 087 901620)	BNP		Investment Manager	2,067,963	2,067,963

4. Consideration

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

Date	Person	Nature	Consideration	Class & number (ord)	Person's votes
10/05/2011	Perennial Investment Partners Limited (ACN 087 901620)	Sold on market	-$ 833,109.18	- 160,522	- 160,522
11/05/2011	Perennial Investment Partners Limited (ACN 087 901620)	Sold on market	-$ 3,971.27	- 761	- 761
13/05/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 1,840,879.21	361,235	361,235
16/05/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 2,449,065.99	488,011	488,011
17/05/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 757,896.44	148,500	148,500
18/05/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 980,761.30	191,994	191,994
19/05/2011	Perennial Investment Partners Limited (ACN 087 901620)	Sold on market	-$ 3,299.03	- 642	- 642
20/05/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 821,807.74	157,936	157,936
24/05/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 43,706.74	8,646	8,646
27/05/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 45,924.00	8,963	8,963
1/06/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 47,199.95	- 8,892	- 8,892
2/06/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 16,622.21	- 3,225	- 3,225
3/06/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 4,833.62	- 948	- 948
7/06/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 7,365.22	1,427	1,427
8/06/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 61,026.09	- 11,647	- 11,647

3

9/06/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 56,716.56	- 10,868	- 10,868
15/06/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 1,552,885.78	311,100	311,100
16/06/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 177,426.36	38,136	38,136
21/06/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 7,526.58	- 1,636	- 1,636
22/06/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 8,555.89	- 1,852	- 1,852
23/06/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 580,217.06	128,592	128,592
24/06/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 297,886.26	65,000	65,000
27/06/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 42,131.59	9,649	9,649
29/06/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 50,927.73	- 11,190	- 11,190
4/07/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 256,468.57	54,025	54,025
13/07/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 4,512.04	983	983
14/07/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 39,719.91	- 8,539	- 8,539
18/07/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 3,422.00	- 725	- 725
26/07/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 5,698.51	1,233	1,233
28/07/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 48,975.52	11,414	11,414
29/07/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 59,911.60	14,000	14,000
2/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 178,718.00	42,755	42,755
3/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 30,293.21	- 7,590	- 7,590
4/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 3,072.30	- 770	- 770
5/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 14,989.44	- 4,006	- 4,006
9/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 54,684.62	14,337	14,337
10/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 1,290,998.99	- 358,624	- 358,624
11/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 235,356.09	- 66,490	- 66,490
12/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 45,910.00	- 12,497	- 12,497
15/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 63,551.49	- 16,918	- 16,918
16/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 66,733.14	- 17,499	- 17,499
17/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Sold on market	-$ 4,602.95	- 1,183	- 1,183
18/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 135.67	33	33

4

23/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 101,221.86	28,036	28,036
24/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 2,543,699.36	695,050	695,050
25/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 1,305,253.77	353,187	353,187
26/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 436,332.38	116,198	116,198
29/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 37,952.47	10,091	10,091
30/08/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 1,484,557.20	389,001	389,001
5/09/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 39,157.18	11,300	11,300
7/09/2011	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 117,465.18	34,031	34,031

5. Associates

Name & ACN	Nature of association
Not applicable

6. Addresses

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

Name	Address
IOOF Holdings Limited	Level 6, 161 Collins Street Melbourne Victoria 3000
Aquarius Platinum Limited	Clarendon House, 2 Church St Hamilton,Bermuda
Perennial Investment Partners Limited	Level 24, 303 Collins Street Melbourne Victoria 3000