INVION LIMITED — Major Shareholding Notification 2013

May 16, 2013

604 Page 1 of 3 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

Invion Limited

ACN/ARSN 094 730 417

1. Details of substantial holder (1)

Name Invion Limited 094 730 417

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on

substantial holder on 17 / 05 / 2013 The previous notice was given to the company on 04 / 09 / 2012 The previous notice was dated 04 / 09 / 2012

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 (2) had a relevant interest (3) 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 (4) ORD	Previous notice Person’s votes 141,848,759	Voting power (5) 37%	Present notice Person’s votes 76,607,225	Voting power (5) 19%

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:

Date of change 28/02/2013 17/05/2013	Person whose relevant interest changed Invion Limited Invion Limited	Nature of change (6) Release of securities from voluntary escrow Dilution resulting from issue of securities under share purchase plan	Consideration given in relation to change (7) Nil N/A	Class and number of securities affected 65,241,534 fully paid ordinary shares 24,885,736 fully paid ordinary shares	Person's votes affected 65,241,534 N/A

4. Present relevant interests

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

Holder of relevant interest Invion Limited	Registered holder of securities Invion Limited	Person entitled to be registered as holder (8) Invion Limited	Nature of relevant interest (6) Relevant interest under	Class and number of securities 76,607,225 fully paid	Person's votes 76,607,225

604 Page 2 of 3 15 July 2001

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----- Start of picture text -----

section 608(1) ordinary
Corporations shares
Act, resulting
from various
voluntary
escrow
agreements
entered into
with various
shareholders
which give
Invion Limited
power to
control the
exercise of
disposal of
those
securities
----- End of picture text -----

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

6. Addresses

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

Name	Address
Invion Limited	2/120 Bluestone Circuit, Seventeen Mile Rocks, QLD, 4073

Signature

print name sign here	Melanie Farris capacity Company Secretary
	date 17/05/2013

DIRECTIONS

• (1) 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 is clearly set out in paragraph 6 of the form.

• (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) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

604 Page 3 of 3 15 July 2001

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) 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 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.

• (7) Details of the consideration must include any and all benefits, money 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 interest was acquired.

• (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) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.