INSIGNIA FINANCIAL LTD — Major Shareholding Notification 2012

Nov 14, 2012

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

To: Mayne Pharma Group Limited ACN: 115 832 963 ASX Code: MYX

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: 13/11/12

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:

Number of securities	Person’s votes	Voting Power
26,895,569	26,895,569	5.796%

3. Details of present registered holders

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

Holder Perennial Investment Partners Limited (ACN 087 901620) Perennial Investment Partners Limited (ACN 087 901620)	Registered holder of securities	Person Entitled to be holder	Nature of relevant interest	Class & Number (Ord)	Person's votes
	Northern Trust		InvestmentManager	9,533,662	9,533,662
	NAB Asset Servicing		InvestmentManager	8,615,705	8,615,705

2

Perennial Investment Partners Limited (ACN 087 901 620)	Citigroup		InvestmentManager	6,874,538	6,874,538
Perennial Investment Partners Limited (ACN 087 901620)	BNP		InvestmentManager	1,871,664	1,871,664

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
8/10/2012	Perennial Investment Partners Limited (ACN 087 901620)	Sold on market	-$ 34,462.06	- 138,000	- 138,000
9/10/2012	Perennial Investment Partners Limited (ACN 087 901620)	Sold on market	-$ 29,087.97	- 112,000	- 112,000
17/10/2012	Perennial Investment Partners Limited (ACN 087 901620)	Institutional Entitlement Offers	$ 1,614,428.00	8,072,140	8,072,140
2/11/2012	Perennial Investment Partners Limited (ACN 087 901620)	Sold on market	-$ 56,016.86	- 203,922	- 203,922
13/11/2012	Perennial Investment Partners Limited (ACN 087 901620)	Conditional Placements	$ 3,380,549.20	16,902,746	16,902,746
13/11/2012	Perennial Investment Partners Limited (ACN 087 901620)	Sold on market	-$ 3,454.55	- 12,369	- 12,369

5. Associates

Name & ACN	Nature of association
Not applicable

6. Addresses

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

Name	Address
Mayne Pharma Group Limited	Level 10,470 Collins Street Melbourne VIC 3000
IOOF Holdings Limited	Level 6, 161 Collins Street Melbourne VIC 3000
Perennial Investment Partners Limited	Level 24, 303 Collins Street Melbourne VIC 3000