QUBE HOLDINGS LIMITED — Major Shareholding Notification 2011

Jul 31, 2011

$01/08$ '11 11:47 FAX 61 3 9629 5226

BRENCORP GROUP

FACSIMILE

$Q_{001/003}$

TAVERNERS GROUP

Level 31 367 Collins Street Melbourne, 3000, Victoria, Australia

Telephone: (03) 9614 4399 Facsimile: (03) 9629 5226

1st August 2011 Date: Fax No: 1300 135 638 (02) 8917 0355 CC: ASX Company Announcements To: Qube Logistics (QUB) Company: Taverners Group From: 3 (including this page) Pages: Form 604 Subject:

Please find following Form 604 Notice of change of interests of substantial holder.

Yours Sincerely,

Marchi

Lucy Mackie Financial Accountant

The information contained in this facsimile is intended for the named recipient only. It may contain privileged and confidential information and if you are not an intended recipient, you must not copy, distribute or take any action in reliance on it. If you have received this facsimile in error, please notify us immediately by telephone on (03) 9614 4399 and return the original to the sender by mail. We will reimburse you for the postage. Thank you

Registered business name of Taverners Management Pty Ltd A.B.N. 41 053 534 464

page 1/2 15 July 2001 604

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Qube Logistics
ACN/ARSN	ARSN 122 556 441 (ASX:QUB)
1. Details of substantial holder (1)
Name	Tavemers No. 10 Pty Ltd (Taverners No. 10)
ACN/ARSN (if applicable)	ACN 097 860 154
There was a change in the Interests of the
substantial holder on		29/7/2011
The previous notice was given to the company on		18/7/2011
The previous notice was dated		15/7/2011

2. Previous and present voting power

The total number of voles 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		Prasent notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Units	78,984,043	12.93%	70,964.043	11.62%

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 whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class and numberof securitiesaffected	Person's votesaffected
22/07/11	lTaverners No. 10 andlassociates	its Special crossingOff market sale	$1.4684 per shareTotal $5,873,600	4,000,000	4,000,000
29/07/11	iTavemers No. 10 andlassociates	its Special crossingOff market sale	$1,4439 per shareTotal $5.775,600	4,000,000	4,000,000

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 (B)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes
Tavemers No. 10	lTaverners No. 10	Tavemers No. 10	Registered unit holder andassociate of Tavemers No. 4junder 612(2)(a).	70,983,918 Units	70,984,043
lLtd	Ltd	Ltd	Taverners No. 4 PtyTaverners No. 4 PtyTaverners No. 4 Pty Registered unit holder andlassociate of Tavemers No.10	125 Units	70 984 043

604 GUIDE page 1/1 13 March 2000

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:

andNameapplicable ®	(lfACN/ARSN	Nature of association--
		.___

6. Addresses

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

Name	Address
Tavemers No. 10 and Tavemers No. 4	Kin Ho c/- Tavemers Group, Level 31, 367 Collins Street, Melbourne, Vic 3000

Signature

print name	Kin Ho		capacity	Director/Secretary
sign here		$\overline{\phantom{a}}$	date	29/7/1

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. $(2)$
• 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. $(4)$
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• Include details of: $(6)$
  • 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, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details m $(7)$ contingency. Details must be included on 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) write "unknown". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$