MAYNE PHARMA GROUP LIMITED — Major Shareholding Notification 2017

May 23, 2017

FACSIMILE TRANSMISSION

To:	Company Announcements	From:	Muhlal Lid Investors
Company:	ASX
Fax.	1300 135 838	Fax	9232 (02) 7511
lot Page	Pages (Ind. Coversheet) 7	Date:	24 May 2017
Subject	- of 604 Form Change Ir,terests	Of Substantial	Holder

To whom It may concern,

Please find enclosed the above notice regarding Investom Mutual Umbd shareholding in Mayne Phamia Group Ummd.

Should you require any further Information, please call on the number below.

Kind regards,

Invesmis Imil Umlmd Direct phone (02) 8224 0500 24. May. 2017 17:29

No. 0499 P. 2

page 1/2 15 July 2001 604

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Mayne Pharma Group Limited
ACN/ARSN	76 115 832 963
	--- ----

1. Details of substantial holder(1)

Name	Investors Mutual Limited
ACN/ARSN (if applicable)	078 030 752
There was a change in the interests of the

There was a change in the interests of the substantial holder on	23 / 05 / 2017
The previous notice was given to the company on	02/05/2017
The previous notice was dated	03/05/2017

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

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes!	Voting power (5)
Ordinary.	78,764 139	5.23%	94,494,139	6.25%

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
See Annekure 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 Interest	Registered holder of securities.	Person entitled to be registered as holder (8)	Nature of relevant interest(6)	Class and number of securities	Person's votes
See Annexure 2

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:

Name and ACN/ARSN (if applicable)	Nature of association

6. Addresses

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

Name	Address
-See Annexure 3

Signature

е
print name	2AC R221	aupril ? Sec capacity
sign here		15/207 $\frac{\text{date}}{24}$
	DIRECTIONS

• $(1)$ 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.
• $\mathcal{O}$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• See the definition of "relevant interest" in sections 600 and 6710(7) of the Corporations Act 2001. $\left( 3\right)$
• $(4)$ 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:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any $(a)$ 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
• 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 (b) 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.

• 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, becom'e $\left( 7\right)$ 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.
• 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". (0)
• $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

$\mathcal{L}^{\text{max}}$

$\hat{\mathcal{A}}$

$\sim$

$\mathcal{A}^{\pm}$

$\frac{1}{2}$

Investors Mutual Limited ACN/ ARSN: 078 030 752

Annexure 1 of page 1

3. Changes in relevant interests

					Person's
	Person whose relevant	Nature of	Consideration given in		Votes
Trade Date	interest changed	Change	relation to change	Ordinary Units	Affected
3-May-17	Investors Mutual Limited	OS-PUR	\$246,560.00	200000	200000
3-Maγ-17	Investors Mutual Limited	OS-PUR	\$1,060,208.00	860000	860000
3-May-17	Investors Mutual Limited	OS-PUR	\$3,340,888.00	2710000	2710000
3-May-17	Investors Mutual Limited	OS-PUR	\$567,088.00	460000	460000
8-May-17	Investors Mutual Limited	OS-PUR	\$414,015.00	350000	350000
9-May-17	Investors Mutual Limited	OS-PUR	\$426,348.00	360000	360000
10-May-17	Investors Mutual Limited	OS-PUR	\$598,300.00	500000	500000
10-May-17	Investors Mutual Limited	OS-PUR	\$285,960.00	240000	240000
10-May-17	Investors Mutual Limited	OS-PUR	\$476,600.00	400000	400000
$11-May-17$	Investors Mutual Limited	OS-PUR	\$391,413.00	330000	330000
$11-May-17$	Investors Mutual Limited	OS-PUR	\$716,940.00	600000	600000
11-May-17	Investors Mutual Limited	OS-PUR	\$600,000.00	500000	500000
11-May-17	Investors Mutual Limited	OS-PUR	\$274,827.00	230000	230000
$11-May-17$	Investors Mutual Limited	OS PUR	\$64,260.00	54000	54000
11-May-17	Investors Mutual Limited	OS-PUR	\$59,745.00	50000	50000
11-May-17 11-May-17	Investors Mutual Limited Investors Mutual Limited	OS-PUR OS-PUR	\$131,439.00 \$178,830.00	110000 150000	110000 150000
11-May-17	Investors Mutual Limited	OS-PUR	\$119,220.00	100000	100000
11-May-17	Investors Mutual Limited	OS-PUR	\$238,440.00	200000	200000
$11-May-17$	Investors Mutual Limited	OS-PUR	\$33,457.20	28000	28000
$11$ -May- $17$	Investors Mutual Limited	OS-PUR	\$27,482.70	23000	23000
$11$ -May- $17$	Investors Mutual Limited	OS-PUR	\$238,440.00	200000	200000
12-May-17	Investors Mutual Limited	OS-PUR	\$235,000.00	200000	200000
15-May-17	Investors Mutual Limited	OS-PUR	\$675,000.00	600000	600000
16-May-17	Investors Mutual Limited	OS-PUR	\$334,500.00	300000	300000
16-May-17	Investors Mutual Limited	OS~PUR	\$223,000.00	200000	200000
17-May-17	Investors Mutual Limited	OS-PUR	\$55,375.00	50000	50000
17-May-17	Investors Mutual Limited	OS-PUR	\$276,875.00	250000	250000
17-May-17	Investors Mutual Limited	OS-PUR	\$110,750.00	100000	100000
17-May-17	Investors Mutual Limited	OS-PUR	\$110,750.00	100000	100000
$18$ -May- $17$	Investors Mutual Limited	OS-PUR	\$316,500.00	300000	300000
18-May-17	Investors Mutual Limited	OS-PUR	\$475,740.00	450000	450000
18-May-17	Investors Mutual Limited	OS-PUR	\$26,430.00	25000	25000
18-May-17	Investors Mutual Limited	OS-PUR	\$211,440.00	200000	200000
18-May-17	Investors Mutual Limited	OS-PUR	\$528,600.00	500000 190000	500000
18-May-17	Investors Mutual Limited	OS-PUR	\$200,868.00		190000
18-May-17	Investors Mutual Limited	OS-PUR	\$264,300.00	250000	250000
18-May-17 18-May-17	Investors Mutual Limited Investors Mutual Limited	OS-PUR OS-PUR	\$95,148.00 \$47,574.00	90000 45000	90000 45000
18-May-17	Investors Mutual Limited	OS-PUR	\$105,920.00	100000	100000
18-May-17	Investors Mutual Limited	OS-PUR	\$423,680.00	400000	400000
18-May-17	Investors Mutual Limited	OS-PUR	\$211,840.00	200000	200000
18-May-17	Investors Mutual Limited	OS-PUR	\$317,760.00	300000	300000
18-May-17	Investors Mutual Limited	OS-PUR	\$26,430.00	25000	25000
19-May-17	Investors Mutual Limited	OS-PUR	\$548,900.00	500000	500000
19-May-17	Investors Mutual Limited	OS-PUR	\$219,960.00	200000	200000

24. May. 2017 17:29
---------------------	--	--	--	--	--

$\mathcal{L}^{\text{max}}{\text{max}}$ and $\mathcal{L}^{\text{max}}{\text{max}}$

$\sim 10^{-1}$

$\sim 10^{-10}$

No. 0499 P. 5

$\label{eq:2.1} \frac{1}{\sqrt{2}}\int_{\mathbb{R}^3}\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2.$

19-May-17	Investors Mutual Limited	OS-PUR	\$329,940.00	300000	300000
22-May-17	Investors Mutual Limited	OS-PUR	\$780,220.00	700000	700000
22-May-17	Investors Mutual Limited	OS-PUR	\$278,650.00	250000	250000
23-May-17	Investors Mutual Limited	OS-PUR	\$55,000.00	50000	50000
23-May-17	Investors Mutual Limited	O5-PUR	\$110,000.00	100000	100000
23-May-17	Investors Mutual Limited	OS-PUR	\$110,000.00	100000	100000
				15,730,000

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

$\label{eq:2.1} \frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\$

$\mathcal{L}^{\text{max}}_{\text{max}}$

$\bar{u}$

$\sim 10^6$

Investors Mutual Limited ACN/ ARSN: 078 030 752

Annexure 2 of page 1

4. Present relevant interests

$\sim 10^6$

Holder of relevant interest	Registered holder of securities	Person entitled to be INature of relevant registered as holder	interest	Number of Securities	Person's votes
Investors Mutual Limited	State Street - IMBQHG IMBQAT IMBO8E	Investors Mutual Limited	Ability to influence the voting and disposal of shares	3,576,407	3,576,407
Investors Mutual Limited	J P Morgan - Funds SA - IMFDSA IMFDHG 1IMFDS IMFSSC	Investors Mutual Limited	Ability to influence the voting and disposal of shares	11,765,871	11,765,871
Investors Mutual Limited	J P Morgan - State Super - IMSSAT IMSSHG	Investors Mutual Limited	Ability to influence the voting and disposal of shares	4,171,079	4,171,079
Investors Mutual Limited	Sandhurst Trustees Ltd - IMSAN	Investors Mutual Limited	Ability to influence the voting and disposal of shares	3,070,000	3,070,000
Investors Mutual Limited	Citicorp Nominees Pty $Ltd - IMCF14$	Investors Mutual Limited	Ability to Influence the voting and disposal of shares	8,900,000	8,900,000
Aurora Investment Management Pty Ltd (Aurora)	RBC Global Services Australia Pty Ltd	Investors Mutual Limited	Aurora holds over 20% of the voting power in IML	63,010,782	63,010,782
Pacific Current Group Limited	RBC Global Services Australia Pty Ltd	Investors Mutual Limited	Owns 100% of the shares in Aurora	As above	lAs above

J.

$\ddot{\phantom{a}}$

$\sim 10^{-10}$

Investors Mutual Limited ACN/ARSN:

l,

078 030 752

$\sim 1$

Annexure 3 of page 2

1. Addresses

Name	Address
Investors Mutual Limited	Level 24, 25 Bligh Street, Sydney NSW 2000.
Pacific Current Group Limited	Level 14, 39 Martin Place, Sydney NSW 2000
Aurora Investment Management Pty Limited	Level 14, 39 Martin Place, Sydney NSW 2000
RBC Global Services Australia Pty Limited	Level 17, 2 Park Street, SYDNEY NSW 2000
Citicorp Nominees Pty Ltd	Level 16, 120 Collins Street, Melbourne
Sandhurst Trustees Pty Ltd	Bendigo Bank, Level 1, 410 Collins Street Melbourne, VIC 3000
State Street	Level 17, 420 George Street, Sydney NSW 2000
JP Morgan	85 Castlereagh Street, Sydney NSW 2000

$\hat{\mathcal{A}}$