INSIGNIA FINANCIAL LTD — Major Shareholding Notification 2015

Apr 1, 2015

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

To : SIMONDS GROUP LIMITED ACN: 143 841 801 ASX Code: SIO

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: 31/03/2014

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	7,797,410	7,797,410	5.150%

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
State Street		Investment Manager	1,630,829	1,630,829

2

Perennial Investment Partners Limited (ACN 087901620)	NAB Asset Servicing		Investment Manager	3,640,805	3,640,805
Perennial Investment Partners Limited (ACN 087901620)	Citigroup		Investment Manager	921,441	921,441
Perennial Investment Partners Limited (ACN 087901 620)	BNP		Investment Manager	1,604,335	1,604,335

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 2/02/2015	Person	Nature	Consideration	Class & number (ord)	Person's votes
	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 617.55	390	390
26/02/2015	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 241,539.68	143,955	143,955
27/02/2015	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 371,281.47	221,174	221,174
3/03/2015	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 521.02	317	317
6/03/2015	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 505,653.42	316,975	316,975
10/03/2015	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 723.75	456	456
11/03/2015	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 5,434.72	3,454	3,454
16/03/2015	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 877.39	563	563
17/03/2015	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 521,416.10	329,351	329,351
18/03/2015	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 2,357,112.89	1,506,000	1,506,000
19/03/2015	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 15,657.77	10,015	10,015
31/03/2015	Perennial Investment Partners Limited(ACN 087 901 620)	Purchased on market	$ 2,300,981.82	1,565,470	1,565,470

5. Associates

Name & ACN	Nature of association
Not applicable

3

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
Simonds Group Limited	Level 4, 570 St Kilda Road Melbourne,VIC,3004
Perennial Investment Partners Limited	Level 24, 303 Collins Street Melbourne Victoria 3000