IRESS LIMITED — Major Shareholding Notification 2017

May 11, 2017

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12 May 2017

The Manager Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000

Level 19, 31 Queen Street Melbourne VIC 3000 Australia telephone 03 8616 1957 facsimile 03 8616 1111 www.greencapecapital.com ABN 98 120 328 529 AFSL 303903

By electronic lodgement

Dear Sir/Madam

Re: Notice of change of interests of substantial holder ~ IRESS Limited (IRE)

We enclose notice of change of interests of substantial holder in IRESS Limited. This notice is given by Greencape Capital Pty Ltd.

Yours faithfully

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Andrew Brown

Company Secretary

attach

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	IRESS Limited
ACN/ARSN	060 313 359
1. Details of substantial holder(1)
Name	Greencape Capital	Pty Ltd
ACN/ARSN (if applicable)	120 328 529
There was a change in the interests of the substantial	holder on	10/05/2017
The previous notice was given to the company on		09/03/2017
The previous notice was dated		09/03/2017

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 (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:

Classof securities (4)	Classof securities (4)	Previous notice	Previous notice	Previous notice	Previous notice	Present notice	Present notice	Present notice	Present notice
		Person's votes		Voting power (5)		Person's votes		Voting power (5)
Ordinary Fully Paid		10,403,903		6.12%		8,673,369		5.10%
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	Person whose relevant interest changed		Nature of change (6)		Consideration given in relation to change (7)		Class and number of securities affected		Person's votes affected
Refer Annexure 1	Greencape Capital Pty Ltd		Refer Annexure 1		Refer Annexure 1		Refer Annexure 1		Refer Annexure 1

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	Registered holder of	Person entitled to be	**Nature of relevant interest (6) **	Class and number of	Person's votes
interest	securities	registered as holder		securities
		(8)
Greencape Capital Pty	Citicorp Nominees	Citicorp	Ordinary Fully Paid	2,122,232	2,122,232
Ltd	Pty Limited	Nominees Pty	securities purchased	(Ordinary Fully
		Limited	and sold on market by	Paid)
			Greencape Capital Pty
			Ltd
Greencape Capital Pty	J P Morgan	J P Morgan	As above	2,690,638	2,690,638
Ltd	Nominees	Nominees		(Ordinary Fully
	Australia Limited	Australia Limited		Paid)
Greencape Capital Pty	National Nominees	National	As above	766,055 (Ordinary	766,055
Ltd	Limited	Nominees Limited		Fully Paid)
Greencape Capital Pty	HSBC Custody	HSBC Custody	As above	3,094,444	3,094,444
Ltd	Nominees	Nominees		(Ordinary Fully
	(Australia) Limited	(Australia)		Paid)
		Limited

604 page 2 / 2 15 July 2001

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:

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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
Greencape Capital Pty Ltd Level 2, 5 Martin Place, Sydney NSW 2000
Signature
print name Andrew Brown Capacity Company Secretary
sign here date 12/05/2017
DIRECTIONS
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(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.

(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.

Annexure 1 consists of 4 pages and is referred to in Form 604 signed by me and dated 12/05/2017

[Insert Signature Here]

Andrew Brown Company Secretary of Greencape Capital Pty Ltd

Transactions:

Company Name/Scheme: IRESS Limited (IRE) As at: 10/05/2017 Class of security: Ordinary Fully Paid

Date of Change	Holder of relevant interest	Nature of Change	**Consideration **	Number of Securities	Person's Votes Affected
21/03/2017	Greencape Capital PtyLtd	Sell	529,335.59	47,060 -	47,060
21/03/2017	as above	Sell	239,359.57	21,280 -	21,280
21/03/2017	as above	Sell	131,501.54	11,691 -	11,691
21/03/2017	as above	Sell	507,581.76	45,126 -	45,126
21/03/2017	as above	Sell	12,777.84	1,136 -	1,136
21/03/2017	as above	Sell	246,929.54	21,953 -	21,953
21/03/2017	as above	Sell	12,294.17	1,093 -	1,093
21/03/2017	as above	Sell	75,216.04	6,687 -	6,687
21/03/2017	as above	Sell	58,658.84	5,215 -	5,215
21/03/2017	as above	Sell	199,147.61	17,705 -	17,705
21/03/2017	as above	Sell	856,216.62	76,121 -	76,121
21/03/2017	as above	Sell	307,950.48	27,378 -	27,378
21/03/2017	as above	Sell	35,476.51	3,154 -	3,154
21/03/2017	as above	Sell	502,846.31	44,705 -	44,705
21/03/2017	as above	Sell	226,120.55	20,103 -	20,103
21/03/2017	as above	Sell	13,250.26	1,178 -	1,178
21/03/2017	as above	Sell	331,605.24	29,481 -	29,481
21/03/2017	as above	Sell	693,017.94	61,612 -	61,612
21/03/2017	as above	Sell	30,752.31	2,734 -	2,734
21/03/2017	as above	Sell	614,011.28	54,588 -	54,588
21/03/2017	as above	Sell	241,851.80	21,365 -	21,365
21/03/2017	as above	Sell	109,362.52	9,661 -	9,661
21/03/2017	as above	Sell	60,086.56	5,308 -	5,308
21/03/2017	as above	Sell	231,912.84	20,487 -	20,487
21/03/2017	as above	Sell	5,829.80	515 -	515
21/03/2017	as above	Sell	112,826.44	9,967 -	9,967
21/03/2017	as above	Sell	5,626.04	497 -	497
21/03/2017	as above	Sell	34,367.52	3,036 -	3,036
21/03/2017	as above	Sell	26,805.76	2,368 -	2,368
21/03/2017	as above	Sell	90,990.16	8,038 -	8,038
21/03/2017	as above	Sell	391,207.88	34,559 -	34,559
21/03/2017	as above	Sell	140,707.60	12,430 -	12,430
21/03/2017	as above	Sell	16,210.24	1,432 -	1,432
21/03/2017	as above	Sell	229,750.72	20,296 -	20,296
21/03/2017	as above	Sell	103,306.32	9,126 -	9,126
21/03/2017	as above	Sell	6,044.88	534 -	534
21/03/2017	as above	Sell	151,506.88	13,384 -	13,384
21/03/2017	as above	Sell	316,654.36	27,973 -	27,973
21/03/2017	as above	Sell	14,048.12	1,241 -	1,241
21/03/2017	as above	Sell	280,543.56	24,783 -	24,783

Page 1 of 4

Date of Change	Holder of relevant interest	Nature of Change	**Consideration **	Number of Securities	Person's Votes Affected
22/03/2017	as above	Sell	134,250.22	12,092 -	12,092
22/03/2017	as above	Sell	60,707.92	5,468 -	5,468
22/03/2017	as above	Sell	33,351.61	3,004 -	3,004
22/03/2017	as above	Sell	128,721.23	11,594 -	11,594
22/03/2017	as above	Sell	3,241.90	292 -	292
22/03/2017	as above	Sell	58,343.11	5,255 -	5,255
22/03/2017	as above	Sell	3,119.77	281 -	281
22/03/2017	as above	Sell	19,073.92	1,718 -	1,718
22/03/2017	as above	Sell	14,877.22	1,340 -	1,340
22/03/2017	as above	Sell	50,504.82	4,549 -	4,549
22/03/2017	as above	Sell	217,140.74	19,558 -	19,558
22/03/2017	as above	Sell	78,094.28	7,034 -	7,034
22/03/2017	as above	Sell	8,992.94	810 -	810
22/03/2017	as above	Sell	127,533.27	11,487 -	11,487
22/03/2017	as above	Sell	55,512.00	5,000 -	5,000
22/03/2017	as above	Sell	9,459.24	852 -	852
22/03/2017	as above	Sell	84,100.68	7,575 -	7,575
22/03/2017	as above	Sell	175,762.09	15,831 -	15,831
22/03/2017	as above	Sell	7,793.88	702 -	702
22/03/2017	as above	Sell	155,722.26	14,026 -	14,026
22/03/2017	as above	Sell	104,473.20	9,412 -	9,412
22/03/2017	as above	Sell	47,241.60	4,256 -	4,256
22/03/2017	as above	Sell	25,951.80	2,338 -	2,338
22/03/2017	as above	Sell	100,177.50	9,025 -	9,025
22/03/2017	as above	Sell	2,519.70	227 -	227
22/03/2017	as above	Sell	48,740.10	4,391 -	4,391
22/03/2017	as above	Sell	2,430.90	219 -	219
22/03/2017	as above	Sell	14,840.70	1,337 -	1,337
22/03/2017	as above	Sell	11,577.30	1,043 -	1,043
22/03/2017	as above	Sell	39,305.10	3,541 -	3,541
22/03/2017	as above	Sell	168,986.40	15,224 -	15,224
22/03/2017	as above	Sell	60,783.60	5,476 -	5,476
22/03/2017	as above	Sell	7,004.10	631 -	631
22/03/2017	as above	Sell	99,245.10	8,941 -	8,941
22/03/2017	as above	Sell	44,633.10	4,021 -	4,021
22/03/2017	as above	Sell	2,619.60	236 -	236
22/03/2017	as above	Sell	65,445.60	5,896 -	5,896
22/03/2017	as above	Sell	136,763.10	12,321 -	12,321
22/03/2017	as above	Sell	6,071.70	547 -	547
22/03/2017	as above	Sell	121,189.80	10,918 -	10,918
23/03/2017	as above	Sell	134,914.10	12,153 -	12,153
23/03/2017	as above	Sell	61,001.64	5,495 -	5,495
23/03/2017	as above	Sell	33,525.93	3,020 -	3,020
23/03/2017	as above	Sell	129,374.55	11,654 -	11,654
23/03/2017	as above	Sell	3,252.68	293 -	293
23/03/2017	as above	Sell	65,297.85	5,882 -	5,882
23/03/2017	as above	Sell	3,130.57	282 -	282
23/03/2017	as above	Sell	19,171.95	1,727 -	1,727
23/03/2017	as above	Sell	14,942.35	1,346 -	1,346
23/03/2017	as above	Sell	50,766.24	4,573 -	4,573
23/03/2017	as above	Sell	218,229.36	19,658 -	19,658
23/03/2017	as above	Sell	78,486.19	7,070 -	7,070
23/03/2017	as above	Sell	9,047.56	815 -	815
23/03/2017	as above	Sell	128,164.51	11,545 -	11,545
23/03/2017	as above	Sell	58,648.17	5,283 -	5,283
23/03/2017	as above	Sell	84,514.20	7,613 -	7,613
23/03/2017	as above	Sell	176,610.58	15,909 -	15,909
23/03/2017	as above	Sell	7,837.52	706 -	706
23/03/2017	as above	Sell	156,495.03	14,097 -	14,097
27/03/2017	as above	Sell	16,905.00	1,500 -	1,500
04/04/2017	as above	Sell	11,550.00	1,000 -	1,000
11/04/2017	as above	Buy	16,274.02	1,400	1,400
18/04/2017	as above	Buy	22,051.29	1,878	1,878
18/04/2017	as above	Buy	201,784.55	17,185	17,185
18/04/2017	as above	Buy	10,062.81	857	857
18/04/2017	as above	Buy	95,790.42	8,158	8,158
18/04/2017	as above	Buy	69,746.89	5,940	5,940

Page 2 of 4

Date of Change	Holder of relevant interest	Nature of Change	**Consideration **	Number of Securities	Person's Votes Affected
18/04/2017	as above	Buy	58,028.47	4,942	4,942
18/04/2017	as above	Buy	72,494.49	6,174	6,174
18/04/2017	as above	Buy	154,922.63	13,194	13,194
18/04/2017	as above	Buy	179,592.36	15,295	15,295
18/04/2017	as above	Buy	148,171.04	12,619	12,619
19/04/2017	as above	Buy	51,609.45	4,356	4,356
19/04/2017	as above	Buy	472,174.36	39,853	39,853
19/04/2017	as above	Buy	23,541.78	1,987	1,987
19/04/2017	as above	Buy	224,150.42	18,919	18,919
19/04/2017	as above	Buy	163,192.97	13,774	13,774
19/04/2017	as above	Buy	135,776.93	11,460	11,460
19/04/2017	as above	Buy	169,650.08	14,319	14,319
19/04/2017	as above	Buy	362,522.04	30,598	30,598
19/04/2017	as above	Buy	420,245.01	35,470	35,470
19/04/2017	as above	Buy	346,716.95	29,264	29,264
20/04/2017	as above	Buy	25,864.40	2,178	2,178
20/04/2017	as above	Buy	236,639.10	19,927	19,927
20/04/2017	as above	Buy	11,792.17	993	993
20/04/2017	as above	Buy	112,340.34	9,460	9,460
20/04/2017	as above	Buy	81,785.19	6,887	6,887
20/04/2017	as above	Buy	68,045.47	5,730	5,730
20/04/2017	as above	Buy	85,015.27	7,159	7,159
20/04/2017	as above	Buy	181,680.21	15,299	15,299
20/04/2017	as above	Buy	210,608.45	17,735	17,735
20/04/2017	as above	Buy	173,759.39	14,632	14,632
21/04/2017	as above	Buy	15,509.67	1,283	1,283
21/04/2017	as above	Buy	141,908.08	11,739	11,739
21/04/2017	as above	Buy	7,083.92	586	586
21/04/2017	as above	Buy	67,369.77	5,573	5,573
21/04/2017	as above	Buy	49,043.45	4,057	4,057
21/04/2017	as above	Buy	40,811.11	3,376	3,376
21/04/2017	as above	Buy	50,989.71	4,218	4,218
21/04/2017	as above	Buy	108,954.55	9,013	9,013
21/04/2017	as above	Buy	126,301.69	10,448	10,448
21/04/2017	as above	Buy	104,203.73	8,620	8,620
01/05/2017	as above	Buy	26,231.52	2,100	2,100
02/05/2017	as above	Sell	127,816.00	10,400 -	10,400
03/05/2017	as above	Sell	20,842.00	1,700 -	1,700
08/05/2017	as above	Sell	73,055.26	5,996 -	5,996
08/05/2017	as above	Sell	125,885.09	10,332 -	10,332
08/05/2017	as above	Sell	7,870.86	646 -	646
08/05/2017	as above	Sell	477,698.09	39,207 -	39,207
08/05/2017	as above	Sell	171,952.79	14,113 -	14,113
08/05/2017	as above	Sell	56,204.79	4,613 -	4,613
08/05/2017	as above	Sell	16,862.66	1,384 -	1,384
08/05/2017	as above	Sell	280,999.59	23,063 -	23,063
08/05/2017	as above	Sell	7,870.86	646 -	646
09/05/2017	as above	Sell	16,732.24	1,375 -	1,375
09/05/2017	as above	Sell	123,100.59	10,116 -	10,116
09/05/2017	as above	Sell	1,030,267.75	84,664 -	84,664
09/05/2017	as above	Sell	371,711.22	30,546 -	30,546
09/05/2017	as above	Sell	35,861.75	2,947 -	2,947
09/05/2017	as above	Sell	607,167.27	49,895 -	49,895
09/05/2017	as above	Sell	15,539.69	1,277 -	1,277
09/05/2017	as above	Sell	157,769.79	12,965 -	12,965
09/05/2017	as above	Sell	258,163.21	21,215 -	21,215
10/05/2017	as above	Sell	1,562,161.20	128,046 -	128,046
10/05/2017	as above	Sell	951,685.40	78,007 -	78,007
10/05/2017	as above	Sell	41,223.80	3,379 -	3,379
10/05/2017	as above	Sell	405,235.20	33,216 -	33,216
10/05/2017	as above	Sell	2,640,128.80	216,404 -	216,404
10/05/2017	as above	Sell	92,976.20	7,621 -	7,621
10/05/2017	as above	Sell	659,593.00	54,065 -	54,065
10/05/2017	as above	Sell	42,980.60	3,523 -	3,523
10/05/2017	as above	Sell	314,015.80	25,739 -	25,739
10/05/2017	as above	Sell	610,899.06	50,054 -	50,054
10/05/2017	as above	Sell	372,160.97	30,493 -	30,493

Page 3 of 4

Date of Change	Holder of relevant interest	Nature of Change	**Consideration **	Number of Securities	Person's Votes Affected
10/05/2017	as above	Sell	16,122.54	1,321 -	1,321
10/05/2017	as above	Sell	158,467.12	12,984 -	12,984
10/05/2017	as above	Sell	1,032,477.26	84,596 -	84,596
10/05/2017	as above	Sell	36,358.10	2,979 -	2,979
10/05/2017	as above	Sell	257,948.45	21,135 -	21,135
10/05/2017	as above	Sell	16,806.01	1,377 -	1,377
10/05/2017	as above	Sell	122,792.49	10,061 -	10,061
		Total Number of Securities		-1,730,534

Page 4 of 4