MAYNE PHARMA GROUP LIMITED — Major Shareholding Notification 2012

Oct 17, 2012

$\mathbf{1}$

Form 603 Corporations Law Section 671B

Notice of initial substantial holder

Mayne Pharma Ltd To:

76 115 832 963 ACN/ARSN:

1. Details of Substantial holder

Investors Mutual Limited Name

ACN/ARSN 78 030 752 Shares on issue include additional shares issued under the institutional placement and institutional offer, not the retail offers. Therefore, IML expects our percentage holding to decrease once the retail offer shares are allotted.

The Holder became a substantial holder on: 17^th October 2012

2. Details of Voting Power and relevant interests

The total number of votes attached to all the voting shares in Mayne Pharam Ltd that Investors Mutual had a relevant interest in on the date Investors Mutual became a substantial holder are as follows:

Class of Securities Number of Securities		Persons Votes	Voting Power
Ordinary	18,504,767	18,504,767	8.19%

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	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Number of securities	Person's votes
			Ability to
Investors	RBC Global	Investors	Influence the
Mutual	Services Australia	Mutual	voting and
Limited	Pty Ltd	Limited	disposal of shares	18,504,767	18,504,767
			TRG holds over
			20% of the voting
			power in its
			investment
Treasury			managers
Group			pursuant to
Limtied	AS above	As above	section $608(3)(a)$	18,504,767	18,504,767

4. 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 Investors Mutual became a substantial holder is as follows:

Person whose relevant interest changed	Nature of change	Consideration in relation to change	Class and number of securities affected		Person's votes affected
Investors Mutual Ltd	Purchase	\$2,292,417	Ordinary	11,407,120	11,407,120

l.

$\sim$ $\alpha$

$\cdot$

$\sim$

$\hat{\boldsymbol{\beta}}$

$\mathcal{L}_{\mathcal{A}}$

5. Addresses

The addresses of persons named in this form are:

$\sim$

$\hat{\boldsymbol{\theta}}$

$\cdot$

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

Name:	Hugh Giddy	Capacity:	Director
Signature:	xda	Date:	$\iota$ 18, 10,