INSIGNIA FINANCIAL LTD — Major Shareholding Notification 2012

Feb 12, 2012

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

To: Oakton Limited ACN: 007 028 711 ASX Code: OKN

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	4,778,909	4,778,909	5.095%

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
NAB Asset Servicing		InvestmentManager	2,366,519	2,366,519
BNP		Investment Manager	2,412,390	2,412,390

2

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
10/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 91,680.07	57,349	57,349
11/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 8,448.32	5,300	5,300
14/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 2,925.03	1,835	1,835
16/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 6,119.46	3,839	3,839
17/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 16,135.18	10,144	10,144
18/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 5,067.91	3,304	3,304
21/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 92,457.13	60,277	60,277
22/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 156,352.97	104,000	104,000
24/11/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 133,469.56	95,190	95,190
21/12/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 17,895.16	15,000	15,000
22/12/2011	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 8,267.57	6,930	6,930
23/01/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 577,354.74	461,739	461,739
25/01/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 249,322.38	201,371	201,371
9/02/2012	Perennial Investment Partners Limited (ACN 087 901620)	Purchased on market	$ 372,749.48	307,280	307,280

5. Associates

Name & ACN	Nature of association
Not applicable

6. Addresses

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

3

Name	Address
IOOF Holdings Limited	Level 6, 161 Collins Street MelbourneVictoria 3000
Oakton Limited	Level 8, 271 Collins Street Melbourne Vic 3000
Perennial Investment Partners Limited	Level 24, 303 Collins Street MelbourneVictoria 3000