PEEL MINING LIMITED — Major Shareholding Notification 2012

Jul 1, 2012

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Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Peet Limited
ACN/ARSN/ABN	56 008 665 834
1. Details of substantial holder (1)
Name	Allan Gray Australia Pty Ltd (Allan Gray Australia - formerly known as Orbis Investment Management (Australia) Pty Ltd) and its related bodies corporate as set out in Table 1 of Annexure A (together the Group), as investment manager for the funds or investment mandates listed at Table 2 of Annexure A
ACN/ARSN (if applicable)	112 316 168 (ACN of Allan Gray Australia)
There was a change in the interests of the substantial holder on	28 Jun 2012 23 Dec 2011
The previous notice was given to the company on	23 Dec 2011
The previous notice was dated

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 required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power	Person's votes	Voting power (5)
Ordinary shares	18.986,020	5.93%	26,798,383	8.37%

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 alven in relation to change (7)	Class and number of securities affected	Person's votes affected
See Annexure A. Tables 2 and 3

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	Person entitled to be	Nature of relevant	Class and number	Person's
	securities	registered as holder (8)	interest (6)	of securities	votes
See Annexure A. Tables 2 and 4

5. Changes in association

The persons who have become associates (2) of, caased 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
1 and 2 Tables 1 See Annexure A. $\overline{\phantom{a}}$

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6. Addresses

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

Name	Address
The Group	1 C/- Allan Gray Australia, Level 2 Challis House, 4 Martin Place Sydney, NSW 2000

Signature

print name	Simon Marais	Director
sign here	of larais . .	date 2 July 2012 .

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.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• $(6)$ Include details of.
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If $(a)$ subsection 671B(4) applies, 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 $(b)$ powers or disposal of the 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 $(7)$ was acquired has, or may, become entitied 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) $(8)$ write "unknown".
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding $(9)$ notice.

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	Print name Simon Marais				Director
	Narais Sign here			Date: 2 July 2012
	Table 1 - Related bodies corporate The following entities are associates of Allan Gray Australia and each other by virtue of being related bodies corporate. Orbis Holdings Limited Orbis World Limited Orbis Investment Management Limited (OIML) Orbis Asset Management Limited (OAML) Orbis Administration Limited Orbis Investment Research Limited Orbis Investment Advisory (Hong Kong) Limited Triple Blue Holdings Limited Pictet Overseas Trust Corporation and Pictet Trustee Company SA Table 2 - Funds An entity within the Group acts as investment manager for some or all of the assets in the following funds.			Orbis Mansfield Street Properties Ltd Orbis Investment Management (BVI) Limited (OBIVL) Orbis Investment Advisory Pty Limited Allan Gray (Holdings) Pty Limited Allan Gray Australia Pty Limited Orbis Client Services (Canada) Limited Orbis Holdings (UK) Limited Orbis Investment Management (Europe) LLP
No	Fund name	Investment Manager	Ref. Code	Registered Holder	Persons entitled to be registered holder
1	Allan Gray Australia Equity Fund (formerly Orbis/SM Australia Equity Fund)	Allan Gray Australia (AGA)	SMEF	Citibank N.A (Citi) as nominee of SMEF	Citi as nominee of SMEF
$\overline{2}$	Warakini Endeavour Fund	AGA	SMWK	ANZ Nominees Ltd as nominee of SMWK	ANZ Nominees Ltd as nominee of SMWK
3	Orbis Global Equity Fund (Aust. Registered)	OIML	GAPL	Citi (HK) as nominee of GAPL	Citi (HK) as nominee of GAPL
4	Orbis Global Equity Fund Limited	OIML	OGEF	Citigroup Pty Ltd as nominee of OGEF	Citigroup Pty Ltd as nominee of OGEF
5.	Orbis Optimal SA Fund Limited	OIML	OSAP	Citigroup Pty Ltd as nominee of OSAP	Citigroup Pty Ltd as nominee of OSAP
6	Orbis SICAV - Global Equity Fund	OIML	SGPL	Citigroup Pty Ltd as nominee of SGPL	Citigroup Pty Ltd as nominee of SGPL
7	Orbis Optimal Global Fund LP	OAML	OOLP	Citigroup Pty Ltd as nominee of OOLP	Citigroup Pty Ltd as nominee of OOLP
8	Orbis Asia ex-Japan Fund	OBVIL	XJPL	Citigroup Pty Ltd as nominee of XJPL	Citigroup Pty Ltd as nominee of XJPL
9	Intech Australian Shares High Alpha Trust	AGA	SMIA	JP Morgan Nominees Australia Ltd as nominee of SMIA	JP Morgan Nominees Australia Ltd as nominee of SMIA
10 1	Construction and Building Unions Superannuation Fund	AGA	SMCB	National Nominees (NAB Custodian Services) as nominee for SMCB	NAB Custodian Services as nominee for SMCB
11	HESTA Superannuation Fund	AGA	SMHT	JP Morgan Nominees Australia Ltd as nominee of SMHT	JP Morgan Nominees Australia Ltd as nominee of SMHT
12	Hostplus Superannuation Fund	AGA	SMHP	JP Morgan as nominee of SMAU	JP Morgan Nominees Australia Ltd as nominee of SMAU
13 14	Russell Australian Opportunities Fund Orbis International Equity LP	AGA OAML	SMRI IELP	SSAL as nominee of SMRI Citigroup Pty Ltd as nominee of IELP	SSAL as nominee of SMRI Citigroup Pty Ltd as nominee of IELP
15	Catholic Superannuation Fund	AÇA	SMCS	NAB Custodian Services	NAB Custodian Services
16	Orbis US Equity Fund LP	OAML AGA	USLP SMQS	Citigroup Pty Ltd as nominee of IELP JP Morgan Nominees Australia Ltd	Citigroup Pty Ltd as nominee of IELP JP Morgan Nominees Australia Ltd
17 $\overline{18}$	Qantas Superannuation Plan Maritime Super	AGA	SMMS	as nominee of SMOS NAB Custodian Services as	as nominee of SMQS NAB Custodian Services as
				nominee for SMMS	nominee for SMMS
19	Warakim Australian Equities Pensions and Charities Fund	AGA	SMWA	ANZ Nominees Ltd as nominee of SMWA	ANZ Nominees Ltd as nominee of SMWA
20	Non-Government Schools Superannuation Fund	AGA	SMNG	SSAL as nominee for SMNG	SSAL as nominees for SMNG
21	Allan Gray Australia Opportunity Fund (formerly Orbis/SM Australia Opportunity Fund)	AGA	SMSF	Citi as nominee for SMSF	Citi as nominee for SMSF
22	REST Superannuation Fund	AGA	SMRT	SSAL as nominee for SMNG	SSAL as nominees for SMRT

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Trade date	Reference code	Action	No of security	Consideration
6 Mar to 28 Jun 12	SMCB	Buy	1,203,491	\$815,677
12 Mar to 28 Jun 12	SMCS	Buy	444,838	\$302,469
6 Mar to 28 Jun 12	SMEF	Buy	1,893,248	\$1,282,534
12 Mar to 28 Jun 12	SMHP	Buy	868,381	\$587,224
6 Mar to 28 Jun 12	SMHT	Buy	978,203	\$663,028
12 Mar to 28 Jun 12	SMIA	Buy	275,342	\$186,579
12 Mar to 28 Jun 12	SMMS	Buy	308,033	\$209.835
6 Mar to 28 Jun 12	SMNG	Buy	895,966	\$606,141
12 Mar to 28 Jun 12	SMQS	Buy	462,276	\$313,321
12 Mar to 28 Jun 12	SMRI	Buy	140,065	\$95,381
12 Mar to 28 Jun 12	SMRT	Buy	322,870	\$218,968
28 Jun 12	SMWA	Buy	8.074	\$5,410
28 Jun 12	SMWK	Buy	11,576	\$7,756
	Total		7.812,363	\$5,294.323

All trades on market unless otherwise specified

Table 4 - Present relevant interest

Reference code	Total no of securities
SMCB	4,121,935
SMCS	1,960,074
SMEF	6,347,814
SMHP	2,575,395
SMHT	3,332,705
SMIA	936,121
SMRI	624,257
SMWK	36,260
SMQS	1,595,854
SMMS	1,401,737
SMNG	2,682,729
SMWA	25,163
SMRT	1,158,339
Total	26,798,383

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