MAYNE PHARMA GROUP LIMITED — Major Shareholding Notification 2012

Nov 13, 2012

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

Mayne Pharma Ltd To:

ACN/ ARSN: 76 115 832 963

1. Details of substantial holder

Investors Mutual Limited Name

ACN/ ARSN: 078 030 752

There was a change in the interests of the substantial holder on $13^th$ November 2012.

The previous notice was given to the company on $8^th$ November 2012.

The previous notice was dated $8^th$ November 2012.

2. Previous and present voting power

The total number of votes attached to all the voting shares in Mayne Pharma Ltd that Investors Mutual Limited had a relevant interest in when last required, and when now required, to give a substantial holding notice to Mayne Pharma Ltd, are as follows:

Class of Securities	Previous Notice		Present Notice
	Person's Votes	Voting Power	Person's Votes	Voting Power
Ordinary	18.504.767	5.29%	30,008,818	6.47%

з. Changes in Relevant Interests

Particulars of each change in, or change in the nature of, a relevant interest of the Investors Mutual Limited in voting securities of Mayne Pharma Ltd, since Investors Mutual Limited was last required to give a substantial holding notice to Mayne Pharma Ltd are as follows:

Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected		Person's votes affected
Investors Mutual Limited	Placement	\$2,300,810	Ordinary	11,504,051	11,504,051

4. Present Relevant Interests

Particulars of each relevant interest of Investors Mutual Limited in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Class	Number of Securities	Person's votes
Investors Mutual Limited	RBC Global Services Australia Nominess Pty Limited <bkcust A/C></bkcust	Investors Mutual Limited	Ability to influence the voting and disposal of shares	Ordinary	30,008,818	30,008,818
Treasury Group Limited	As above	As above	TRG holds over 20% of the voting power in its investment managers pursuant to section 608(3)(a)	Ordinary	30,008,818	30,008,818

5. Changes in Association

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The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, Investors Mutual Limited in relation to voting interests in the company are as follows:

Name and ACN	Nature of Association
	Director
	Secretary

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$6.$ Addresses

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

Name	Address
Investors Mutual Limited	Level 24, 25 Bligh Street, Sydney NSW 2000
RBC Global Services Australia Pty Limited	Level 17, 2 Park Street, Sydney N.S.W 2000
Treasury Group Limited	Level 14, 39 Martin Place, Sydney, NSW, 2000

Name:	Hugh Giddy	Capacity:	Director
Signature:	$\sqrt{2}$			Date: $H_1 + H_2 + 1$ , 2012

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