INSIGNIA FINANCIAL LTD — Major Shareholding Notification 2012

Feb 12, 2012

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

To: Henderson Group PLC ACN: 106 988 836 ASX Code: HGG

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: 09/02/2012

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	57,058,774	57,058,774	5.197%

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	3,703,375	3,703,375
NAB Asset Servicing		Investment Manager	26,348,235	26,348,235

2

Perennial Investment Partners Limited (ACN 087 901 620)	JP Morgan		InvestmentManager	11,471,326	11,471,326
Perennial Investment Partners Limited (ACN 087 901 620)	JB WERE		Investment Manager	171,672	171,672
Perennial Investment Partners Limited (ACN 087 901620)	Citigroup		InvestmentManager	9,956,254	9,956,254
Perennial Investment Partners Limited (ACN 087 901620)	BNP		Investment Manager	5,391,871	5,391,871
IOOF Investment Management Limited (ACN 006 695 021)	IOOF Investment Management Limited (ACN 006 695 021)		InvestmentManager	16,041	16,041

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
7/10/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 8,016,471.77	4,651,980	4,651,980
10/10/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 216,815.55	125,399	125,399
11/10/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 94,209.86	53,245	53,245
12/10/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 441,997.86	249,721	249,721
18/10/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 547,175.11	289,546	289,546
19/10/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 2,962,296.53	1,582,754	1,582,754
20/10/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 3,940,801.68	2,123,337	2,123,337
21/10/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 3,016,822.66	1,661,300	1,661,300
21/10/2011	IOOF Investment Management Limited (ACN 006 695 021)	Purchased on market	$ 563.16	312	312
24/10/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 322,624.92	173,705	173,705
25/10/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 2,335,459.24	1,255,322	1,255,322
26/10/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 2,220,831.51	1,196,021	1,196,021

3

27/10/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 409,538.69	223,520	223,520
31/10/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 833,901.71	439,059	439,059
1/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 1,301,257.34	704,425	704,425
2/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 1,937,977.47	1,097,746	1,097,746
3/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 1,979,623.68	1,130,125	1,130,125
7/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 89,175.66	49,417	49,417
8/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 260,821.32	147,736	147,736
10/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 1,401,368.74	792,904	792,904
11/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 290,098.42	164,105	164,105
14/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Sold on market	-$ 715.92	- 391	- 391
15/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 1,644,973.87	906,532	906,532
16/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 2,133,934.53	1,184,564	1,184,564
17/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 1,173,508.66	658,739	658,739
18/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 424,896.59	241,633	241,633
21/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 548,416.26	313,702	313,702
22/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 683,262.45	401,003	401,003
23/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 1,521,650.98	909,297	909,297
24/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 1,869,713.85	1,131,700	1,131,700
25/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 679,460.86	418,232	418,232
28/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 63,863.26	39,822	39,822
29/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Sold on market	-$ 676.52	- 406	- 406
2/12/2011	Perennial Investment Partners Limited (ACN 087 901620)	Sold on market	-$ 422.66	- 240	- 240
6/12/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 927,470.58	516,648	516,648
7/12/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 796,856.57	467,378	467,378
16/12/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 469.69	292	292
20/12/2011	Perennial Investment Partners Limited (ACN 087 901620)	Sold on market	-$ 11,344.63	- 7,408	- 7,408

4

23/12/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 90.77	59	59
11/01/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 18,143.15	11,773	11,773
17/01/2012	Perennial Investment Partners Limited (ACN 087 901620)	Sold on market	-$ 873.22	- 572	- 572
20/01/2012	Perennial Investment Partners Limited (ACN 087 901620)	Sold on market	-$ 340.63	- 202	- 202
24/01/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 49,861.34	29,160	29,160
2/02/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 11,287,833.63	6,748,074	6,748,074
3/02/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 4,488,165.30	2,587,469	2,587,469
6/02/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 7,745,532.97	4,340,513	4,340,513
7/02/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 650,189.49	367,338	367,338
8/02/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 23,643,317.74	12,946,093	12,946,093
9/02/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 4,174,952.64	2,261,672	2,261,672

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
IOOF Investment Management Limited	Level 6, 161 Collins Street MelbourneVictoria 3000
Henderson Group PLC	201 Bishopgate London UK ECSM 3AE
Perennial Investment Partners Limited	Level 24, 303 Collins Street MelbourneVictoria 3000