ORICA LIMITED — Major Shareholding Notification 2016

Jul 10, 2016

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme ACN/ARSN	Orica Limited 004 145 868
1. Details of substantial holder (1)
Name ACN/ARSN (if applicable)	The Vanguard Group, Inc. N/A
The holder ceased to be a substantial holder on	06 July 2016
The previous notice was given to the company on	01 July 2016
The previous notice was dated	01 July 2016

1. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 (4)	Consideration given in relation to change (5)	Class $(6)$ and number of securities affected	Person's votes affected
See Annexure A					The Vanguard Group, Inc. now holds 4.988% of voting power.

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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
N/A	N/A

4. Addresses

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

Name	Address
The Vanguard Group, Inc.	P.O. Box 2600, V26 Valley Forge, PA 19482 USA
Vanguard Investments Australia Ltd	Level 34, 2 Southbank Blvd, Southbank 3006 VIC

Signature

BooRA $JUEMA$ PRINCIPA print name capacity date 08 July 2016 sign here

DIRECTIONS

• 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 ann $(1)$ 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 4 of the form.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(2)$
• $(3)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(4)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a $(a)$ copy of any 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 $(b)$ securities to 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,
  become entitled to receive in relation to that acquisition. Details m $(5)$ 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.
• $(6)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(7)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

To Company
ACN/ARSN

Orica Limited 004 145 868

N/A

The Vanguard Group, Inc.

Substantial Holder Name ACN/ARSN

Consideration Number of Person's votes Person whose relevant interest Nature of given in relation to securities Date of change changed Change(6) change(7) Class affected affected The Vanguard Group, Inc. BUY 12.42 Ordinary 720 30-Jun-16 720 The Vanguard Group, Inc. SELL 12.26 Ordinary $(16, 159)$ $(16, 159)$ 30-Jun-16 The Vanguard Group, Inc. 12.26 Ordinary 30-Jun-16 SELL $(121, 262)$ $(121, 262)$ 30-Jun-16 The Vanguard Group, Inc. |BUY 12.37 Ordinary 2,767 2,767 $1-Jul-16$ SELL 12.45 Ordinary $(12, 534)$ The Vanguard Group, Inc. $(12, 534)$ 12.45 Ordinary $1-Ju-16$ The Vanguard Group, Inc. SELL $(94, 057)$ $(94,057)$ $1-Jul-16$ The Vanguard Group, Inc. BUY 12.42 Ordinary 339 339 1-Jul-16 The Vanguard Group, Inc. SELL 12.30 Ordinary $(606)$ $(606)$ 12.38 Ordinary $54,461$ $4$ -Jul-16 BUY 54,461 The Vanguard Group, Inc. The Vanguard Group, Inc. 12.37 Ordinary 4-Jul-16 SELL $(11, 302)$ $(11, 302)$ $4$ -Jul-16 The Vanguard Group, Inc. SELL 12.37 Ordinary $(84, 810)$ $(84, 810)$ BUY 12.38 Ordinary 4-Jul-16 The Vanguard Group, Inc. 619 619 BUY 12.54 Ordinary $3,448$ $3,448$ 5-Jul-16 The Vanguard Group, Inc. 12.62 Ordinary $(14, 453)$ $(14, 453)$ $5 -$ Jul-16 The Vanguard Group, Inc. SELL $5 -$ Jul-16 The Vanguard Group, Inc. SELL 12.62 Ordinary $(108, 461)$ $(108, 461)$ 12.61 Ordinary The Vanguard Group, Inc. SELL $(2,688)$ $(2,688)$ 5-Jul-16 The Vanguard Group, Inc. $6$ -Jul-16 BUY 12.36 Ordinary $1,292$ $1,292$ The Vanguard Group, Inc. $6 -$ Jul-16 BUY 12.36 Ordinary 1,938 1,938 $(20, 220)$ 6-Jul-16 The Vanguard Group, Inc. SELL 12.25 Ordinary $(20, 220)$ $6 -$ Jul-16 The Vanguard Group, Inc. SELL 12.24 Ordinary $(14, 228)$ $(14, 228)$ 12.25 Ordinary $(151, 739)$ $6$ -Jul-16 The Vanguard Group, Inc. SELL $(151, 739)$ $6$ -Jul-16 The Vanguard Group, Inc. SELL 12.24 Ordinary $(106, 770)$ $(106, 770)$ 4-Jul-16 Vanguard Investments Australia Ltd. SELL 12.39 Ordinary $(3,828)$ $(3,828)$ BUY 6-Jul-16 12.26 Ordinary 1,392 1,392 Vanguard Investments Australia Ltd. Vanguard Investments Australia Ltd. 12.26 Ordinary 43,690 43,690 $6$ -Jul-16 BUY

This is Annexure A of 1 page referred to in Eorm 605, Notice of ceasing to be a substantial holder.

Signature Date 8-Jul-2016