PPK GROUP LIMITED — Major Shareholding Notification 2008

Jun 22, 2008

Form 604

Corporations Act 2001 Subsection 671B

Notice of change of interests of substantial holder

To:	Plaspak Group
ACN/ARSN			------------
1.	Details of substantial holder (1)
Name	Warakirri Asset Management Pty Ltd
ACN/ARSN057 529 370
substantial holder on	There was a change in the interests of the	13-Jun-2008
The previous notice was given to the company on		13-Nov-2006
The previous notice was dated		13-Nov-2006

$2.$ 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 ofsecurities (4)	Previous Notice------------------------------	________________	Present Notice	-------------------------------
	Person's Votes,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,	Voting Power (5)	Person's Votes	Voting Power (5)
Ordinary Shares_______________________________________	8.361.133---------------------------	13.01%	8.361.133-----------	14.07%
	--------------------------------------		______________________---------------------------------------	-------------

Changes in relevant interests 3.

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 whoserelevant interestchanged	Nature of change (6)	Class and numberof securitiesaffected
13/06/08	Warakirri Asset Mgmt.	Change results fromshare cancellations byPPK	---------------

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevantinterest	Registeredholder ofsecurities	Person entitled to beregistered as holder(8)	Nature ofrelevant interest(6)	Class andnumber ofsecurities	Person'svotes
Warakirri AssetManagement	ANZ NomineesLimited	Warakirri CharitableAustralian EquitiesTrustWarakirri CharitableSelect Equities TrustWarakirri SmallCompanies ValueTrust		5 898 353ordinary shares1.450,560ordinary shares1,012,220ordinary shares	8,361,133

Changes in association 5.

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:

NA

6. Addresses

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

۳

--------------------------------------Name	_______________________________________Address
Warakirri Asset Management Pty Ltd	Level 3, 53 Queen St, Melbourne Vic 3000

Signature

Print name	Richard Friend	Japacitv	Head of Portfolio Management
Sign here	$\mathcal{L}_{\mathbf{r}}$A merik anta Guntaman Cal lema$\sim$ $\sim$	Date	23/06/08