PRO-PAC PACKAGING LIMITED — Major Shareholding Notification 2012

Jun 19, 2012

Form 605

Corporations Act 2001Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme		Pro-Pac Packaging Limited
ACN/ARSN	112 971 874
1. Details of substantial holder (1)
Name		Hadrian Reuben Morrall and his associates as identified in Annexure A.
ACN/ARSN (if applicable)
The holder ceased to be a
substantial holder on		28/02/2012
The previous notice was given to the company on		16/08/2007
The previous notice was dated		16/08/2007

2. 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 ofchange	Person whoserelevant interestchanged	Nature ofchange $(4)$	Considerationgiven in relationto change (5)	Class (6) andnumber ofsecuritiesaffected	Person's votesaffected
See Annexure Al

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

4. Addresses

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

Name	Address
Hadrian Reuben Morrall and his associates	6 Jean Street, North Rocks NSW 2151

Signature

print name	Hadrian Reuben Morrall	capacity
sign here	IMI	201612012date
	w

legal/40343214_1

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

"A" Pro-Pac Packaging Limited ACN 112 971 874

This is Annexure "A" of 2 pages referred to in Form 605 (Notice of ceasing to be a substantial holder) lodged by Hadrian Reuben Morrall on $26 - 6 - 2012$ .

Hadrian Reuben Morrall

$\chi_{\rm c} = 3$

I ceased to be a substantial holder of shares in the capital of Pro-Pac Packaging Limited on 28 February 2012. The specific details of all of the changes to the cumulative shareholdings of me and my associates since we last submitted a substantial holding notice are set out below.

I confirm that all relevant ASX Appendices 3X, 3Y and 3Z have been lodged by their due dates.

Date ofchange	Person whose relevant interestchanged	Nature of change	Considerationgiven in relationto change	Class and number ofsecurities affected	Person's votes affected
24/01/2008	Hadrian Reuben Morrall	On market purchase	$8,390.00	20,000 Ordinary Shares	20,000 Ordinary Shares
05/02/2008	Hadrian Reuben Morrall	On market purchase	$4,100.00	10,000 Ordinary Shares	10,000 Ordinary Shares
19/03/2008	Hadrian Reuben Morrall	On market purchase	$9,345.00	26,700 Ordinary Shares	26,700 Ordinary Shares
11/04/2008	Hadrian Reuben Morrall	Distribution Plan Allotment	$50,000.00	153,846 Ordinary Shares	153,846 Ordinary Shares
10/04/2008	Hadrian Reuben Morrall	On market purchase	$3,700.00	10,000 Ordinary Shares	10,000 Ordinary Shares
17/04/2008	Hadrian Reuben Morrall	On market purchase	$31,401.70	79,681 Ordinary Shares	79,681 Ordinary Shares
21/04/2008	Hadrian Reuben Morrall	On market purchase	$23,400.00	58,500 Ordinary Shares	58,500 Ordinary Shares
02/05/2008	Morrall Investments (ACN103765359) as trustee for the Morrall On market purchaseSuper Fund		$28,551.18	67,979 Ordinary Shares	67,979 Ordinary Shares
29/04/2008	Hadrian Reuben Morrall	On market purchase	$5,890.00	15,500 Ordinary Shares	15,500 Ordinary Shares
07/05/2008	Morrall Investments (ACN103765359) as trustee for the MorrallSuper Fund	On market purchase	$20,931.20	49,360 Ordinary Shares	49,360 Ordinary Shares
07/05/2008	Morrall Investments (ACN103765359) as trustee for the Morrall On market purchaseSuper Fund		$5,475.45	12,661 Ordinary Shares	12,661 Ordinary Shares
14/05/2008	Morrall Investments (ACN103765359) as trustee for the Morrall On market purchaseSuper Fund		$7,476.00	17,800 Ordinary Shares	17,800 Ordinary Shares
16/09/2008	Hadrian Reuben Morrall	On market purchase	$64,050.00	213,500 Ordinary Shares	213,500 Ordinary Shares
19/09/2008	Morrall Investments (ACN103765359) as trustee for the Morrall On market purchaseSuper Fund		$825.00	2,500 Ordinary Shares	2,500 Ordinary Shares
29/09/2008	Morrall Investments (ACN103765359) as trustee for the Morrall On market purchaseSuper Fund		$515.20	1,472 Ordinary Shares	1.472 Ordinary Shares
30/09/2008	Morrall Investments (ACN103765359) as trustee for the Morrall On market purchaseSuper Fund		$1,080.00	3,000 Ordinary Shares	3,000 Ordinary Shares
01/10/2008	Morrall Investments (ACN103765359) as trustee for the Morrall On market purchaseSuper Fund		$2,700.00	7,500 Ordinary Shares	7,500 Ordinary Shares
16/10/2008	Hadrian Reuben Morrall	Distribution Plan Allotment $49,999.72		147,058 Ordinary Shares	147,058 Ordinary Shares
16/10/2009	Hadrian Reuben Morrall	Distribution Plan Allotment $24,999.94		160,256 Ordinary Shares	160,256 Ordinary Shares
09/03/2010	Hadrian Reuben Morrall	Holding Movement	$13,949.95	(42,857) Ordinary Shares	42,857 Ordinary Shares
09/04/2010	Hadrian Reuben Morrall	Distribution Plan Allotment $51,602.56		161,258 Ordinary Shares	161,258 Ordinary Shares
22/10/2010	Hadrian Reuben Morrall	Distribution Plan Allotment $53,215.10		156,056 Ordinary Shares	156,056 Ordinary Shares
12/04/2011	Hadrian Reuben Morrall	Distribution Plan Allotment	$54,775.70	172,794 Ordinary Shares	172,794 Ordinary Shares
17/11/2011	Hadrian Reuben Morrall	Market Transfer	$2,550,000.00	(6,000,000) Ordinary Shares	6,000,000 Ordinary Shares

legal/40343214_1

Date ofchange	Person whose relevant interestchanged	Nature of change	Considerationgiven in relationto change	Class and number ofsecurities affected	Person's votes affected
04/06/2012	Morrall Investments (ACN103765359) as trustee for the Morrall On market saleSuper Fund		$11,74.16	(22,272) Ordinary Shares	22,272 Ordinary Shares
05/06/2012	Hadrian Reuben Morrall	On market sale	$11,232.12	(21,078) Ordinary Shares	21,078 Ordinary Shares
07/06/2012	Morrall Investments (ACN103765359) as trustee for the Morrall On market saleSuper Fund		$23,821.40	(45,500) Ordinary Shares	45,500 Ordinary Shares
07/06/2012	Hadrian Reuben Morrall	On market sale	$7,155.00	(13,500) Ordinary Shares	13,500 Ordinary Shares
13/06/2012	Morrall Investments (ACN103765359) as trustee for the Morrall On market saleSuper Fund		$15,267.20	(29,360) Ordinary shares	29,360 Ordinary shares
14/06/2012	Morrall Investments (ACN103765359) as trustee for the Morrall On market saleSuper Fund		$281.96	(532) Ordinary shares	532 Ordinary shares

$\mathbf{E}$