INSIGNIA FINANCIAL LTD — Major Shareholding Notification 2017

Sep 19, 2017

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

To : Imdex Limited ACN: 008 947 813 ASX Code: IMD

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: 18/09/2017 The previous notice was given to the company on: 21/08/2017 The previous notice was dated: 17/08/2017

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	25,064,640	6.821%	21,324,753	5.799%

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	-$81,371.03	- 93,003	- 93,003
Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$44,077.53	- 48,016	- 48,016

2

30/08/2017	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$462,043.26	- 507,444	- 507,444
31/08/2017	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$538,367.83	- 591,253	- 591,253
7/09/2017	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$1,835,951.99	- 2,000,000	- 2,000,000
8/09/2017	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$64,812.81	- 70,306	- 70,306
11/09/2017	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$254,920.29	- 276,227	- 276,227
18/09/2017	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$145,788.30	- 153,638	- 153,638

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 AssetServicing		Investment Manager	12,215,768	12,215,768
Perennial Value Management Limited (ACN 090 879 904)	Citigroup		Investment Manager	2,461,837	2,461,837
Perennial Value Management Limited (ACN 090 879 904)	BNP		Investment Manager	6,630,435	6,630,435
IOOF Investment Management Limited (ACN 066 695 021)	BNP		Investment Manager	16,713	16,713

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

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
Imdex Limited	216 Balcatta Road Balcatta,WA 6021
Perennial Value Management Limited	Level 27, 88 Phillips Street Sydney,NSW 2000
IOOF Investment Management Limited	Level 6, 161 Collins Street Melbourne Victoria 3000