INVION LIMITED — Major Shareholding Notification 2011

Sep 1, 2011

Form 603

Corporations Act 2001
Section 671B

Notice of initial substantial holder

To Company Name/Scheme	CBio Limited
ACN/ARSN	ACN 094 730 417
1. Details of substantial holder (1)
Name	Basildene Pty Ltd as trustee for the "Warren Brown & Associates Pty Ltd Superannuation Fund" (Basildene) and associates, as set out in paragraph 7 and specified in Annexure A (each a Substantial Holder).
ACN/ARSN (if applicable)	ACN 056 751 958
The holder became a substantial holder on	31/08/2011

2. Details of 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 (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

--------------------------------------- Class of securities (4)	Number of securities	Person's votes (5)	_________ Voting power (6)
Ordinary shares (ORD)	8.818.049	8.818.049	5.5%
	.	. ------------------------

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Basildene Pty Ltd ACN 056 751 958 as trustee for the "Warren Brown & Associates Pty Ltd Superannuation Fund"	Registered holder of securities with the power to vote and dispose of the securities.	4.713.688 ORD
Warren Thomas Brown and Rosivn Una Brown as trustee of the "WT & RU Brown Family Trust"	Registered holder of securities with the power to vote and dispose of the securities.	929.243 ORD
Retirewell Commercial Services Pty Ltd ACN 001 970 341 as trustee for the "Gillett Superannuation Fund"	Registered holder of securities with the power to vote and dispose of the securities :	1.294.181 ORD
White Turtle Pty Ltd ACN 108 030 137	Registered holder of securities with the power to vote and dispose of the securities.	1,165,000 ORD
Pella Comino as trustee for the "Pelagia Family Trust"	Registered holder of securities with the power to vote and dispose of the lsecurities.	l480.399 ORD
Alan Grahame Baker and Julie Ann Baker as trustee for the "Baker Family lTrust"	Registered holder of securities with the power to vote and dispose of the lsecurities.	235,538 ORD

4. Details of present registered holders

interest

Holder of relevant

The persons registered as holders of the securities referred

referred to in paragraph 3 above are as follows:
Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
Basildene Pty Ltd ACN 056 751 958 as trustee for the "Warren Brown & Associates	Basildene Pty Ltd ACN 056 751 958 as trustee for the "Warren Brown &	4.713.688 ORD

Basildene Pty Ltd ACN 056 751 958 as trustee for ithe "Warren Brown & Associates Pty Ltd Superannuation Fund"	Basildene Pty Ltd IACN 056 751 958 as trustee for lthe "Warren Brown & Associates Pty Ltd Superannuation Fund"	Basildene Pty Ltd ACN 056 751 958 as trustee for lthe "Warren Brown & Associates Pty Ltd Superannuation Fund"	4.713.688 ORD
Warren Thomas Brown and	Warren Thomas Brown and	Warren Thomas Brown and	929.243 ORD
Roslyn Una Brown as trustee of	Roslyn Una Brown as trustee of	Roslyn Una Brown as trustee of
the "WT & RU Brown Family	the "WT & RU Brown Family	the "WT & RU Brown Family
'Trust"	lTrust"	Trust"
Retirewell Commercial Services	Retirewell Commercial Services	Retirewell Commercial Services	1.294,181 ORD
Pty Ltd ACN 001 970 341 as	Pty Ltd ACN 001 970 341 as	Pty Ltd ACN 001 970 341 as
trustee for the "Gillett	ltrustee for the "Gillett	trustee for the "Gillett
Superannuation Fund"	Superannuation Fund"	Superannuation Fund"
White Turtle Pty Ltd	White Turtle Pty Ltd	White Turtle Pty Ltd	1,165,000 ORD
IACN 108 030 137	IACN 108 030 137	ACN 108 030 137
Pella Comino as trustee for the "Pelagia Family Trust"	lPella Comino as frustee for the "Pelagia Family Superannuation lFund"	Pella Comino as trustee for the "Pelagia Family Superannuation iFund"	480,399 ORD
Alan Grahame Baker and Julie lAnn Baker as trustee for the 'Baker Family Trust"	Alan Grahame Baker and Julie Ann Baker as trustee for the 'Baker Family Superannuation lFund"	Alan Grahame Baker and Julie lAnn Baker as trustee for the "Baker Family Superannuation Fund"	235,538 ORD

603 15 July 2001 page 4/4

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5. Consideration

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The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Class and number of securities
Basildene Pty Ltd ACN 056 751 958 as trustee for the "Warren Brown & Associates Pty Ltd Superannuation	06/06/11	\$0.54 per Share for total consideration of \$5,643	10,420 ORD
Fund"	27/05/11	\$0.44 per Share for total consideration of \$200,000	454.545 ORD
Warren Thomas Brown and Roslyn Una Brown as trustee of the "WT & RU Brown Family Trust"	05/08/11	\$0.29 per Share for total consideration of \$37700.00.	130000 ORD
	104/08/11	\$0.285 per Share for total consideration of \$34.200.	120000 ORD
	103/08/11	\$0.31 per Share for total consideration of \$40.300.	130000 ORD
	02/08/11	\$0.285 per Share for total consideration of \$28.500.	100000 ORD
Retirewell Commercial Services Pty Ltd ACN 001 970 341 as trustee for the "Gillett Superannuation Fund"	29/6/11	Total consideration of \$850.72	5317 ORD
White Turtle Pty Ltd ACN 108 030 137	24/05/11	58.27c per Share for total consideration of \$194.039.10	333,000 ORD
	10/08/11	41.67c per Share for total consideration of \$138,344.40	332,000 ORD
Pella Comino as trustee for the "Pelagia Family Trust"	N/A	N/A	Nil
Alan Grahame Baker and Julie Ann Baker as trustee for the "Baker Family Trust"	N/A	ln/a	Nil

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603 page 3/5 15 July 2001

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6. Associates

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The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Basildene Pty Ltd ACN 056 751 958 as trustee for the "Warren Brown & Associates Pty Ltd Superannuation Fund"	The persons named in paragraph 3 are Associates of each other substantial holder as a result of an arrangement with the substantial holder to requisition the directors of the Company to convene a general meeting in order to enable Shareholders to consider and vote on resolutions to remove and appoint a number of directors to the board of the Company.
Warren Thomas Brown and Roslyn Una Brown as trustee of the "WT & RU Brown Family Trust"	The persons named in paragraph 3 are Associates of each other substantial holder as a result of an oral arrangement with the substantial holder to requisition the directors of the Company to convene a general meeting in order to enable Shareholders to consider and vote on resolutions to remove and appoint a number of directors to the board of the Company.
Retirewell Commercial Services Pty Ltd ACN 001 970 341 as trustee for the "Gillett Superannuation Fund"	The persons named in paragraph 3 are Associates of each other substantial holder as a result of an arrangement with the substantial holder to requisition the directors of the Company to convene a general meeting in order to enable Shareholders to consider and vote on resolutions to remove and appoint a number of directors to the board of the Company.
White Turtle Pty Ltd ACN 108 030 137	The persons named in paragraph 3 are Associates of each other substantial holder as a result of an arrangement with the substantial holder to requisition the directors of the Company to convene a general meeting in order to enable Shareholders to consider and vote on resolutions to remove and appoint a number of directors to the board of the Company.
Pella Comino as trustee for the "Pelagia Family Trust"	The persons named in paragraph 3 are Associates of each other substantial holder as a result of an arrangement with the substantial holder to requisition the directors of the Company to convene a general meeting in order to enable Shareholders to consider and vote on resolutions to remove and appoint a number of directors to the board of the Company.
Alan Grahame Baker and Julie Ann Baker as trustee for the "Baker Family Trust"	The persons named in paragraph 3 are Associates of each other substantial holder as a result of an arrangement with the substantial holder to requisition the directors of the Company to convene a general meeting in order to enable Shareholders to consider and vote on resolutions to remove and appoint a number of directors to the board of the Company.

7. Addresses

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

Name	Address
Basildene Pty Ltd ACN 056 751 958 as ltrustee for the "Warren Brown & Associates Pty Ltd Superannuation lFund"	C/- Coogans Pty Ltd, Suite 4, 924 Gympie Road, Chermside Qld 4032
Warren Thomas Brown and Roslyn Una Brown as trustee of the "WT & RU Brown Family Trust"	l10A Manson Road, Hendra Qld 4011
Retirewell Commercial Services Pty Ltd ACN 001 970 341 as trustee for the "Gillett Superannuation Fund"	IC/- Able Vincent and Dick, 1378 Logan Road, Mt Gravatt Qld 4122
White Turtle Pty Ltd ACN 108 030 137	Mezzanine Level, 1 Chifley Square, Sydney NSW 2000
Pella Comino as trustee for the "Pelagia Family Trust"	67 Lytton Road, east Brisbane Qld 4169
IAlan Grahame Baker and Julie Ann Baker as trustee for the "Baker Family" lTrust"	12 Birrilee Street, Carina Heights Qld 4152

2/09/2011 16:21	HopgoodGanim Lawyers $\rightarrow$ PFAX201 Page 5 of 9

			603	page 4/4	15 July 2001
	20 September 1973 (2003) 2004 (2013) 2014 (2013) 2014 (2014) 2014 Signature
		print name REFER TO ANNEXURE B		capacity
	sign here			date
		DIRECTIONS
(1)	is clearly set out in paragraph 7 of the form.	If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members
(2)		See the definition of "associate" in section 9 of the Corporations Act 2001.
(3)		See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4)		The voting shares of a company constitute one class unless divided into separate classes.
(5)	relevant interest in.	The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a

• $(6)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(7)$ Include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the perso $(a)$ scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the $(b)$ securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $(8)$ If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown."
• $(9)$ Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant intere

2/09/2011 16:21

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Annexure A

CBio Limited ACN 094 730 417

This is the annexure of $2$ pages marked A referred to in the Form 603 signed by me and dated 2 September 2011.

Associates to be included as the Substantial Holders, referred to in paragraph 1:

• 1. Warren Thomas Brown and Roslyn Una Brown as trustee of the "WT & RU Brown Family Trust";
• 1. Retirewell Commercial Services Pty Ltd ACN 001 970 341 as trustee for the "Gillett Superannuation Fund";
• 1. White Turtle Pty Ltd ACN 108 030 137;
• 1. Pella Comino as trustee for the "Pelagia Family Trust";
• 1. Alan Grahame Baker and Julie Ann Baker as trustee for the "Baker Family Trust".

Basildene Pty Ltd ACN 056 751 958 as trustee for the 'Warren Brown & Associates Pty Ltd Superannuation Fund"

Signature
print name	Alan Grahame Baker	Anthony Douglas Gillett	capacity	Attorneys appointed under power of attorney dated
	sign here all on & Bihin		date	$\sum$ /09/2011
Signature	Warren Thomas Brown and Roslyn Una Brown as trustee of the "WT & RU Brown Family Trust"
print name	Alan Grahame Baker	Anthony Douglas Gillett	capacity	Attorneys appointed under power of attorney dated
sign here			date	/09/2011

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02/09 2011 10:40 FAX						@004
Annexure A
	Anthony Douglas Gillett	Marie Gillett
print name				capacity	Directors
sign here		$\cdot$ tr		dale	2.109/2011
White Turtle Pty Ltd ACN 108 030 137
Signature
print name	Jane Cemeron Dun Can	Morten George Weaver		capacity	Directors
sign here				date	$2$ /09/2011
	Pella Comino as trustee for the "Pelagia Family Trust"
Signature
print name Pella Comino				capacity	Sole Trustee
sign here	lomint			date	Z, /09/2011
	Alan Grahame Baker and Julie Ann Baker as trustee for the "Baker Family Trust"
Signature
	Alan Grahame Baker		Julie Ann Baker
	print name				capacity Trustees

Jube a Bake

sign here

$Z$ /09/2011

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02/09 2011 10:39 FAX $\mathcal{O}(\mathcal{A}(\mathcal{A},\mathcal{A},\mathcal{A}))$ . The contribution of $\mathcal{A}(\mathcal{A},\mathcal{A})$
Annexure B
	CBio Limited ACN 094 730 417
This is the annexure of $\sim$	dated 2 September 2011.	pages marked B referred to in the Form 603 signed by me and
	Basildene Pty Ltd ACN 056 751 958 as trustee for the "Warren Brown & Associates Pty Ltd Superannuation Fund"
Signature
print name	Alan Grahame Baker	Anthony Douglas Gillett	capacity	Altorneys appointed under power of attorney daled
sign here	Plan & Bak		date	2 /09/2011
	Warren Thomas Brown and Roslyn Una Brown as trustee of the "WT & RU Brown Family Trust"
Signature
	Alan Grahame Baker	Anthony Douglas Gillett
print name			capacity	Attorneys appointed under power of attorney dated
	sign here $\mu$ len 4 PchL		date	$2$ /09/2011
	Refirewell Commercial Services Pty Ltd ACN 001 970 341 as Irustee for the "Gillett Superannuation Fund"
Signature
	Anthony Douglas Gillett	Marie Gillett
print name			capacity	Directors
			date	2 /09/2011
sign here
	White Turlie Pty Ltd ACN 108 030 137
Signature
	Jane Common DiAncom	Morten George Weaver
print name			capacity	Directors

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2/09/2011 16:21	HopgoodGanim Lawyers -> PFAX201 Page 9 of 9

Annexure B
Pella Comino as trustee for the "Pelagia Family Trust"
Signature
print name Pella Comino				capacity	Sole Trustee
sign here	Plomino			date	$\mathcal{L}$ /09/2011
		Alan Grahame Baker and Julie Ann Baker as trustee for the "Baker Family Trust"
Signature
		Alan Grahame Baker	Julie Ann Baker
	print name			capacity	Trustees

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