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MEMPHASYS LIMITED. Major Shareholding Notification 2007

May 9, 2007

Major Shareholding Notification

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NuSep Ltd Fully Paid Ordinary Ordinary shares escrowed to 24 months from listing Top 20 Holdings as at 10-05-2007

Holder Name	Balance at 10-05-2007	%
MR JOHN MANUSU	878,671	8.244
DR CHOON LEE	775.000	7.271
MARK CASHMORE WINES PTY LTD	664.978	6.239
MR NICODEMO D SCALI	380,000	3.565
ANZ NOMINEES LIMITED < CASH INCOME A/C>	369.788	3.469
MR HENRY LAM	194.000	1.820
NUTSVILLE PTY LTD	160,000	1.501
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED	148,029	1.389
UBS WEALTH MANAGEMENT AUSTRALIA NOMINEES PTY LTD	136,927	1.285
MAREKAR PTY LTD	99.250	0.931
MR TIMOTHY KENNETH WAWN	90.578	0.850
WESTPAC CUSTODIAN NOMINEES LIMITED	89,548	0.840
MR HOWARD PERICLES MANUSU	88,512	0.830
NATIONAL NOMINEES LIMITED	85,289	0.800
PEROMA INVESTMENTS PTY LTD	78.366	0.735
MRS SONYA EVERETT	75.751	0.711
M/S ROSEMARY ROSLYN MANUSU	61,624	0.578
CITICORP NOMINEES PTY LIMITED	60,388	0.567
J P MORGAN NOMINEES AUSTRALIA LIMITED	59,768	0.561
APPORTIONMENT SERVICES PTY LTD	52,169	0.489
	4548636 42.676

10,658,440