INSIGNIA FINANCIAL LTD — Major Shareholding Notification 2018

Feb 28, 2018

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: Gateway Lifestyle Group ACN: 605 543 968 ASX Code: GTY

1. Details of substantial holder

Name: IOOF Holdings Limited ACN: 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: 27/02/2018 The previous notice was given to the company on: 15/02/2018 The previous notice was dated: 13/02/2018

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	32,847,632	10.902%	24,887,016	8.260%

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)	Purchased on market	$339,424.10	175,209	175,209
Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$62,743.46	32,271	32,271

2

16/02/2018	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$75,159.61	38,661	38,661
23/02/2018	Perennial Value Management Limited(ACN 090 879 904)	Purchased on market	$38,113.22	18,551	18,551
27/02/2018	Perennial Value Management Limited(ACN 090 879 904)	Sold on market	-$16,413,900.05	- 8,225,308	- 8,225,308

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	11,397,938	11,397,938
Perennial Value Management Limited (ACN 090 879 904)	JP Morgan		Investment Manager	67,235	67,235
Perennial Value Management Limited (ACN 090 879 904)	Citigroup		Investment Manager	6,498,637	6,498,637
Perennial Value Management Limited (ACN 090 879 904)	BNP		Investment Manager	6,922,306	6,922,306
IOOF Investment Management Limited (ACN 066 695 021)	BNP		Investment Manager	900	900

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
Gateway Lifestyle Group	Suite 303, 7-9 Irvine Place Bella Vista,NSW 2153
IOOF Holdings Limited	Level 6, 161 Collins Street MelbourneVIC 3000
Perennial Value Management	Level 27, 88 Phillip Street SydneyNSW 2000