SAFEROADS HOLDINGS LIMITED — Major Shareholding Notification 2007

Feb 15, 2007

NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER

To:	Company Name/Scheme	SRH - Saferoads Holdings Limited
	ACN/ARSN	116 668 538
1.	Details of Substantial Holder(1)
	Name	Acorn Capital Limited
	ACN/ARSN (if applicable)	082 694 531
	There was a change in the interests of thesubstantial holder on	15/02/2007
	The previous notice was given to the company on	20/12/2006
	The previous notice was dated	20/12/2006

$2.$ 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 of Securities (4)	Previous notice		Present Notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary	1,374,000	5.28%	1.874.000	7.21%

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 of Change	Person whose relevant Nature ofinterest changed	change (6)	Consideration given inrelation to change (7)	Class and number ofsecurities affected	Person's votesaffected
15-Feb-2007	Acorn Capital Limited	Purchase	$1,090,967.50	500.000	500,000

4. Present relevant interests

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

Holder of Relevant Interest	Registered Holder of Securities	Person Entitledto be Registeredas	Nature ofrelevantinterest	Class andNumber ofSecurities	Person'sVotes
Commonwealth Bank Officers' Superannuation Fund	Citicorp Nominees			394.000	394.000
Sunsuper Fund	National Nominees			500.000	500.000
UniSuper	National Nominees			980.000	980,000

5. Changes in Associates

The persons who have become associates (2) of, ceased to be associates, or have change the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Name of Association

Addresses 6.

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

Name	Address
Commonwealth Bank Officers' Superannuation Fund	C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000
Sunsuper Fund	C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000
UniSuper	C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000

	the contract of the contract of the contract of the contract of the contract of--------------------------------------
Print Name	BARRY FAIRLEY		Capacity Managing Director
Sign Here		Date	15/02/2007
		,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里—————————————————————————————————————