INSIGNIA FINANCIAL LTD — Major Shareholding Notification 2012

Dec 17, 2012

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: Sundance Energy Limited ACN: 112 202 883 ASX Code: SEA

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.

There was a change in the interest of the substantial holder on: 14/12/2012 The previous notice was given to the company on: 11/10/2012 The previous notice was dated: 09/10/2012

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 had a relevant interest in when last required and when now required to give a substantial holding notice to the company or scheme, are as follows:

Class of securities	Previous notice		Present notice
	Person's votes	Voting Power	Person's votes	Voting Power
Ordinary	22,852,540	8.247%	25,732,448	9.270%

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:

2

Date	Person	Nature	Consideration	Class & number (ord)	Person's votes
11/10/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 253,148.24	366,073	366,073
12/10/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 12,977.85	18,761	18,761
15/10/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 391,433.56	573,085	573,085
16/10/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 84,463.36	122,198	122,198
7/11/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 35,890.93	46,194	46,194
9/11/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 7,453.38	9,593	9,593
12/11/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 8,085.84	10,407	10,407
16/11/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 118,230.70	159,368	159,368
19/11/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 94,184.18	125,262	125,262
20/11/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 15,037.95	20,000	20,000
7/12/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 15,157.76	19,384	19,384
11/12/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 7,819.73	10,000	10,000
12/12/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 781,811.68	1,001,385	1,001,385
13/12/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 97,763.10	125,021	125,021
14/12/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 213,617.13	273,177	273,177

4. Present Relevant Interests

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

Holder	Registered holder of securities	Person Entitled to be holder	Nature of relevant interest	Class & Number (Ord)	Person's votes
Perennial Investment Partners Limited (ACN 087 901620)	State Street		InvestmentManager	5,847,793	5,847,793
Perennial Investment Partners Limited (ACN 087 901620)	NAB Asset Servicing		Investment Manager	11,085,629	11,085,629

3

Perennial Investment Partners Limited (ACN 087 901 620)	JP Morgan		InvestmentManager	786,863	786,863
Perennial Investment Partners Limited (ACN 087 901620)	BNP		InvestmentManager	8,012,163	8,012,163

5. 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:

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
Sundance Energy Australia Limited	32 Beulah Rd Norwood SA 5067
Perennial Investment Partners Limited	Level 24, 303 Collins Street MelbourneVictoria 3000