MAYNE PHARMA GROUP LIMITED — Major Shareholding Notification 2012

Nov 7, 2012

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To: Mayne Pharma Ltd

76 115 832 963 ACN/ ARSN:

Details of substantial holder 1.

Investors Mutual Limited Name

078 030 752 ACN/ ARSN:

IML percentage holding has decreased as a result of the retail offer shares being allotted. There has been no change in IML shareholding since the lodgment of our last substantial.

There was a change in the interests of the substantial holder on $7^th$ November 2012.

The previous notice was given to the company on $18^th$ October 2012.

The previous notice was dated 18^th October 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
Ordinarv	18,504,767	8.19%	18,504,767	5.29%

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	Consideration given in relation to change	Class and number of securities affected		Person's votes affected
Investors Mutual Limited	NА	Ordinary	NА		NА

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4. Present Relevant Interests

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

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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	RBC Global Services Australia		Ability to influence the
Mutual Limited	Nominess Pty Limited <bkcust< td="">	Investors Mutual Limited	voting and disposal of shares.	Ordinary	18,504,767	18,504,767	Investors Mutual Limited	voting and disposal of shares.	Ordinary	18,504,767	18,504,767
	A/C		TRG holds
Treasury Group Limited	As above	As above	over 20% of the voting power in its investment managers pursuant to section 608(3)(a)	Ordinary	18,504,767	18,504,767

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

$\sim$

÷,

6. Addresses

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:	Atalay	Date:	8 / (1 / 12