MONASH IVF GROUP LIMITED

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The Capital Group Companies, Inc. 333 South Hope Street Los Angeles, California 90071-1406

thecapitalgroup.com

8 August 2016

BY EMAIL - ORIGINAL IN POST

( [email protected] )

Monash IVF Group Limited Pelaco Building 1 Level 1,21-31 Goodwood Street Richmond VIC 3121 Australia

Re: Notice of Interests of Substantial Shareholder under Section 671B

Company Secretary:

Enclosed is a Form 603 disclosing holdings as of 05 August 2016. Please note that a copy of this report has been sent to the Australian Stock Exchange.

The Capital Group Companies, Inc. (“CGC”) is the parent company of Capital Research and Management Company (“CRMC”). CRMC is a U.S.-based investment management company that manages the American Funds family of mutual funds. CRMC manages equity assets for various investment companies through three divisions, Capital Research Global Investors, Capital International Investors and Capital World Investors. CRMC in turn is the parent company of Capital Group International, Inc. (“CGII”), which in turn is the parent company of five investment management companies (“CGII management companies”): Capital Guardian Trust Company, Capital International, Inc., Capital International Limited, Capital International Sàrl and Capital International K.K. The CGII management companies primarily serve as investment managers to institutional clients.

Neither CGC nor any of its affiliates own shares of Monash IVF Group Limited for its own account. Rather, the shares reported on Form 603 are owned by accounts under the discretionary investment management of one or more of the investment management companies described above.

For the purpose of this Notice, an outstanding share balance of 235,395,438 shares was used to calculate the percentage of holdings. We believe this outstanding share balance is correct; however, if this number is not accurate, please contact us as soon as possible so we may make the necessary revisions.

Should you have questions or require additional information, please contact us at (213) 615-0469 or send a fax message to (213) 615-4056. Alternatively, you may contact us via e-mail at [email protected].

Regards,

Christopher Aquino Compliance Specialist

603 page Page 1 of 2

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme ACN/ARSN

Monash IVF Group Limited ABN: 90 169 302 309

1. Details of substantial holder (1)

Name The Capital Group Companies, Inc. ACN/ARSN (if applicable) N/A

The holder became a substantial holder on

5 August 2016

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities(4)	Number of securities	Person's votes(5)	Voting power(6)
OrdinaryShares	12,080,271 shares	12,080,271 shares	5.13%

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:

date the substantial holder became	a substantial holder are as follows:
Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
The Capital Group Companies, Inc.		12,080,271 Ordinary Shares

The shares being reported under this section are owned by accounts under the discretionary investment management of 1 investment management company (Capital Research and Management Company) which is a direct or indirect subsidiary of The Capital Group Companies, Inc., 333 South Hope Street, 55th Floor, Los Angeles, California 90071.

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
		none
See Annexure A dated 5 August 2016(copyenclosed)

603 page Page 2 of 2

5. 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 the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		Cash	Non-cash
The Capital Group Companies,Inc.	See enclosed transaction history	See enclosed transaction history		12,080,271 OrdinaryShares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

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

The company (Capital Research and Management Company) referred to in paragraph 1(a) is a wholly owned direct or indirect subsidiary of The Capital Group Companies, Inc.

7. Addresses

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

Name	Address
The Capital Group Companies, Inc.	333 South Hope Street, 55thFloor Los Angeles,CA 90071

Signature

Print name: Liliane Corzo

Capacity: Senior Counsel

sign here ______

Date: 8 August 2016

Annexure “A”

This is the Annexure of 3 pages marked Annexure “A” referred to in Form 603 (initial) signed by this corporation dated 5 August 2016.

The Capital Group Companies, Inc.

By: ________ Liliane Corzo Senior Counsel

Australia Annexure A

As of 5 August 2016

CG Investment Management Company Capital Research and Management Company GRAND TOTAL	Account Number 11000035		Number of Shares % Held 12,080,271 5.13% 12,080,271 12,080,271 5.13%

Australia Annexure A Nominee List