INSIGNIA FINANCIAL LTD — Major Shareholding Notification 2017

Nov 8, 2017

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: National Veterinary Care Ltd ACN: 166 200 059 ASX Code: NVL

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: 07/11/2017 The previous notice was given to the company on: 13/09/2017 The previous notice was dated: 11/09/2017

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	4,308,290	7.309%	3,551,931	6.026%

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 Value Management Limited(ACN 090 879 904)	Sold on market	-$1,361,501.51	- 504,199	- 504,199

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2/10/2017	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$186,098.47	- 68,514	- 68,514
5/10/2017	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$64,266.08	25,000	25,000
6/10/2017	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$104,443.17	39,326	39,326
10/10/2017	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$126,497.64	47,097	47,097
17/10/2017	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$243,146.55	91,552	91,552
6/11/2017	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$1,049,565.61	- 386,621	- 386,621

4. Present Relevant Interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder Perennial Value Management Limited (ACN 090 879 904)	Registered holder of securities	Person Entitled to be holder	Nature of relevant interest	Class & Number (Ord)	Person's votes
	NAB Asset Servicing		Investment Manager	2,099,050	2,099,050
Perennial Value Management Limited (ACN 090 879 904)	BNP		Investment Manager	1,452,881	1,452,881

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
National Veterinary Care Ltd	Level 2, 120 King Street Melbourne Victoria 3000
Perennial Value Management Limited	Level 27, 88 Phillip Street SydneyNSW 2000

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