PRO-PAC PACKAGING LIMITED — Major Shareholding Notification 2018

Feb 28, 2018

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	PRO-PAC PACKAGING LIMITED (PPG)
ACN/ARSN	112 971 874
1. Details of substantial holder (1)
Name	Bennamon Pty Ltd
ACN/ARSN (if applicable)	126 160 852
There was a change in the interests of thesubstantial holder on	22/02/2018

2. Previous and present voting power

The previous notice was dated

The previous notice was given to the company on 23/11/2017

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:

23/11/2017

	.Previous notice		-resent notice.
uritiesassانsec.	Person's votes---------------------------------------	/oting power15.	Person's votes	Voting power
,Ordinarv	D40the contract of the contract of the contract of the contract of the contract of the contract of the contract of	75%36.	つらくרהה.UU 3.ZO	76%

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 ofchange	Person whoserelevantinterestchanged	Nature ofchange $(6)$	Considerationgiven inrelationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
22/02/2018	Bennamon Pty Ltd	On market purchase.	$6,840,132.09	Ordinary16,683,249	16,683,249

4. Present relevant interests

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

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes
iLtd	Bennamon Pty Bennamon Pty Ltd	Bennamon Pty Ltd	Direct Holding	lOrdinarv223,003,261	223,003,261

5. Changes in association

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:

.115lancл.ume -.	шום וא.._________________
N/A---------------_______________________________________	IN/A--------------------------------------.______________

6. Addresses

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

_______________________________________Name	._________________________________
Bennamon Pty Ltd--------------------------------------.	16, 644 Chapel Street, South Yarra VIC 3141evel-------------------------------------------------_______________________________________

Signature

	print name Nick Perkins	capacity	Authorised Signatory
sign here		date	01/03/2018

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.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• 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 subsection 671B(4) $(a)$ 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 powers or disposal $(b)$ 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 was acquiredhas, or may, become entitled to receive in relation to that acquisition. Details m $(7)$
• $(8)$ If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
• $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

GUIDE

This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 604.

Signature	This form must be signed by either a director or a secretary of the substantial holder.
Lodging period	Nil
Lodging Fee	Nil
Other forms to becompleted	Nil
Additional information	If additional space is required to complete a question, the information may be included on a separate piece(a)of paper annexed to the form.
Annexures	This notice must be given to a listed company, or the responsible entity for a listed managed investment(b)scheme. A copy of this notice must also be given to each relevant securities exchange.The person must give a copy of this notice:$\langle c \rangle$$\left\langle {}\right\rangle$within 2 business days after they become aware of the information; orby 9.30 am on the next trading day of the relevant securities exchange after they become aware of(ii)the information if:a takeover bid is made for voting shares in the company or voting interests in the scheme;(A)andthe person becomes aware of the information during the bid period.(B)To make any annexure conform to the regulations, you mustuse A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides1show the corporation name and A.C.N or ARBN2number the pages consecutively3print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when4photocopiedidentify the annexure with a mark such as A, B, C, etc5endorse the annexure with the words:6This is annexure (mark) of (number) pages referred to in form (form number and title)sign and date the annexure.7