MATRIX COMPOSITES & ENGINEERING LIMITED — Major Shareholding Notification 2011

Apr 7, 2011

605 Page 1 of 2 15 July 2001

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme

ACN/ARSN

MCE - Matrix Composites & Engineering Ltd

009 435 250

1. Details of substantial holder (1)

Name

Aaron Paul Begley

ACN/ARSN (if applicable)

The holder ceased to be a substantial holder on

7/4/2011

The previous notice was given to the company on 1 / 10 / 2010 The previous notice was dated 1 / 10 / 2010

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 ofchange	Person whoserelevant interestchanged	Nature of change (4)	Consideration given inrelation to change (5)	Class (6) andnumber ofsecurities affected	Person's votesaffected
7/4/2011	Aaron PaulBegley	Sale	$2,975,000	350,000	350,000

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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

4. Addresses

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

Name	Address
Aaron Begley	C/- Level 1, 26 Railway Road, Subiaco WA 6008

Signature

print name Aaron Paul Begley capacity Director sign here date 7 / 4 / 2011