INSIGNIA FINANCIAL LTD — Major Shareholding Notification 2012

Jul 3, 2012

Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder

To Matrix Composites & Engineering Limited ACN: 009 435 250 ASX Code: MCE

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: The previous notice was given to the company on: The previous notice was dated:

02/07/2012 01/06/2012 30/05/2012

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	5,791,218	6.248%	6,859,996	7.255%

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:

Person	Nature	Consideration	Class & number (ord)	Person's votes
Perennial Investment Partners Limited (ACN 087 901620)	Sold on market	-$ 258,325.79	- 121,331	- 121,331

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4/06/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 84,336.35	43,074	43,074
5/06/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 166,866.41	86,903	86,903
7/06/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 540,704.54	267,000	267,000
8/06/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 31,327.06	15,624	15,624
12/06/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 66,301.33	33,067	33,067
13/06/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 165,072.35	82,332	82,332
15/06/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 78,787.31	40,395	40,395
21/06/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 187,258.56	95,827	95,827
22/06/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 71,560.55	38,112	38,112
25/06/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 17,544.29	10,000	10,000
26/06/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 108,757.80	62,033	62,033
27/06/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 93,521.36	53,312	53,312
28/06/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 438,411.09	248,907	248,907
29/06/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 101,860.50	57,897	57,897
2/07/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 98,707.13	55,626	55,626

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)	NAB Asset Servicing		InvestmentManager	3,732,839	3,732,839
Perennial Investment Partners Limited (ACN 087 901 620)	BNP		Investment Manager	3,121,277	3,121,277
IOOF Investment Management Limited (ACN 066 695 021)	NAB Asset Servicing		InvestmentManager	5,880	5,880

3

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
Perennial Investment Partners Limited	Level 24, 303 Collins Street MelbourneVictoria 3000
IOOF Investment Management Limited	Level 6, 161 Collins Street Melbourne Victoria 3000
Matrix Composites & Engineering Limited	42 Truganina Road, Malaga,WA6090