IRESS LIMITED — Major Shareholding Notification 2017

Nov 5, 2017

603 page 1/2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/ Scheme	IRESS LIMITED
ACN/ ARSN	060 313 359
1. Details of substantial holder (1) Name	FSS Trustee Corporation (and associates)
ACN/ ARSN (if applicable)	11 118 202 672

The holder became a substantial holder or 31/10/2017

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 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, -------------	Number of securities ---------------------------------------	. Herson's votes (5) __	_________ -------------------------------------- __ Voting power (6)
۰. _____ -------------------------------------- ----- ______ _________	חסב	.483 8.646.4	6,646,483	5.05% _________

*Based on issued capital of 171,310,806 shares

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
IFSS Trustee Corporation	l Beneficial Owner	8,604,941 Fully Paid Ordinary Ishares
lStatePius	l Beneficial Owner	141,542 Fully Paid Ordinary shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered Holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
FSS Trustee Corporation	FSS Trustee Corporation IFSS Trustee Corporation Ishares		8,604,941 Fully Paid Ordinary
StatePlus	StatePlus	StatePlus	141,542 Fully Paid Ordinary shares

5. Consideration

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 Date of		Consideration (9)
interest	acquisition	Cash	Non-cash	Class and number of securities
FSS Trustee Corporation (and associates) 03/07/2017 - 31/10/2017		20,441,795.18 AUD	Zero	11,670,233 Fully Paid Ordinary Shares
StatePlus		500.368 4 AUD	Zero	41,452 Fully Paid Ordinary Shares

6. Associates

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
StatePhis	Acquisition of StatePlus by FSS Trustee Corporation
Inistee Corporation

7 Addresses

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

Name
Trustee Corporation	[Level 21, 83 Clarence Street, Sydney, 2000]
StatePlus	2000 ILevel 9, 83 Clarence Street, Sydney, A

Signature

Print name (AN) PENDUETON capacity COMPANY STERETARY
Sign here $\omega$	Date $\left(0, 1\rangle\right)$

DIRECTIONS

• 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 ann $(1)$ shoughout 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 7 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $\left{ 3\right}$
• The voling shares of a company constitute one class unless divided into separate classes. $(4)$
• $(5)$

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 relevant

The person's votes divided by the total votes in the body corporate or scheme multiplied by 100 $(6)$

include details of $(7)$

$\langle a \rangle$

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 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

$(8)$

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"

Details of the consideration must include any and all benefits, morey and other, that any person from whom a relevant interest was acquired has, or may, become
entitied to receive in relation to that acquisition. Details m $(9)$ 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.