PPK GROUP LIMITED — Major Shareholding Notification 2010

Apr 21, 2010

Wavet Fund No. 2Pty.Ltd. A.C.N. 065 328 412ABN 94 754 425 483

To:	Company Announcements	From;	James Fay
	Company Australian Stock Exchange	Pages: 4
Fax:	1300 135 638	Date:	22 April 2010
Re:	Wavet Fund No 2 Pty Ltd (atf)	CC:	N/A
	ASIC Form 603 Notice of Initial
	Substantial shareholder

Dear Sir or Madam,

We herewith transmit notice of substantial shareholder in respect of PPK Group Limited as required.

Regards

James Fay Company Secretary REF: FAX220410-1

$\cdot$

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	PPK GROUP LIMITED
ACN/ARSN	003 964 181
	1. Details of substantial holder (1)
Name	WAVET FUND NO. 2 PTY LTD
ACN/ARSN (if applicable)	065 328 412

The holder became a substantial holder on $22/04/2010$

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)
ORDINARY	10,937,997**************************************	10,937,997	18.86%

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:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Wavet Fund No 2 Pty Ltd	Fully paid Ordinary Shares	10,327,997 Ord
Quality Dispensers Super Fund Pty Ltd	Fully paid Ordinary Shares	100,000 Ord
Heather Ellen Kennedy & GlennRobert Molloy as trustees for Fully paid Ordinary SharesS.A. Molloy		$250.000$ $Ord$
Heather Ellen Kennedy & GlennRobert Molloy as trustees forT.M. Molloy	Fully paid Ordinary Shares	255,000 Ord
Glenn Robert Molloy astrustee for S.A. Molloy	Fully paid Ordinary Shares	5.000 Ord

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	Registered holder of	Person entitled to be	Class and number of securities
interest	securities	registered as holder (8)
Wavet Fund No 2 Pty	Wavet Fund No 2 Pty	Wavet Fund No 2 Pty	10,327,997 Ord
Ltd	I td	Ltd
Quality DispensersSuper Fund Pty Ltd	Quality DispensersSuper Fund PIL	Quality DispensersSuper Fund PIL	100,000 Ord
Heather EllenKennedy & GlennRobert Molloy astrustees for S.A.Molloy	Heather EllenKennedy - GlennRobert Melloy astrustees for S.A.Molloy	Heather EllenKennedy .GlennRobert MolleyS.A.molloy	$250,000$ ord
Heather Ellen	Heather Ellen	Heather Ellen	$255,000$ Ord.
Kennedy & Glenn	Kennedy & Glenn	Kennedy Glenn
Robert Molloy as	Robert Molloy as	$Rebet'$ M-lloy $a$
trustees for T.M.	Hrushees for T.M	frustees fr
Molloy	Molloy.	T.M.Molloy
Glenn Robert Molloyas trustee for S.A.Molloy	S.A.Molloy	Glenn Robert Molloy Glenn Robertas trastee for Molloy as trusteefor sig. Molloy	5,000,000

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 thesubstantial holder became a substantial holder is as follows:

$\hat{\mathcal{A}}$

Holder of relevantinterest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
Wavet Fund No 2 PtyLtđ	$2916106 + 213410$	×		10,327,997oRD
Quality DispensersSuper Fund Pty Ltd	$15 9 2009 +$3122009	×		$100,000$ ord.
Heather EllenKennedy & GlennRobert Molloy astrustees for S.A.Mollov	29 9 2005	×		$250,000$ ORD.
Heather EllenKennedy & GlennRobert Molloy astrustees for T.M.Molloy	29/9/2005	$\times$		255,000 ORD
Glenn Robert Molloyas trustee for S.A.Molloy	Re 1995			5,000 ORD

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
Quality Dispensers Super	Wavet Fund No 2 Pty Ltd Director is a director and
Fund Pty Ltd	beneficiary of Quality Dispensers Super Fund PL (atf)
Heather Ellen Kennedy &Glenn Robert Molloy astrustees for $.A. Molloy	Glenn Robert Molloy is a director and beneficiary of WavetFund No 2 Pty Ltd $\overline{(a+1)}$

Heather Ellen Kennedy &Glenn Robert Molloy astrustees for T.M. Molloy	Glenn Robert Molloy is a director andbeneficiary of Wavet Fund No. 2 Phy. Ltd(aff)
Glenn Robert Molloy astrustee for S.A. Molloy	Glenn Robert Molloy is a director and

7. Addresses

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

Name	----------Address
Wavet Fund No 2 Pty Ltd	PO Box 1784, Oxenford. Qld. 4210

Signature

print name	James Fay	www.com.com/www.com	capacity	Company Secretary
sign here			date	22/04/2010
		DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the $(1)$ 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 7 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 total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an $(5)$ associate has a relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• Include details of: $(7)$
  • any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of $(a)$ 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 $(b)$ 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.