SERVICE STREAM LIMITED — Major Shareholding Notification 2014

Mar 25, 2014

THORNEY OPPORTUNITIES LTD ACN 080 167 264

26 March 2014

BY ASX ONLINE ‐ 3 pages

Manager Company Announcements ASX Limited Level 10 20 Bond Street SYDNEY 2000

Dear Sir/Madam,

Notice of initial substantial holder Service Stream Limited [ASX:SSM]

On 24 March 2014, Service Stream Limited completed a placement to certain sophisticated and professional investors following shareholder approval of the placement on 19 March 2014.

Following is a Form 603 Notice of initial substantial holder dated 26 March 2014 in accordance with section 671B of the Corporations Act.

Yours sincerely,

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CRAIG SMITH ACIS, CPA Secretary

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone + 61 3 9921 7116 Facsimile + 61 3 9921 7100

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To: company name/scheme SERVICE STREAM LIMITED ABN 58 008 027 978

1. Details of substantial holder

Name THORNEY OPPORTUNITIES LTD

ACN (if applicable) 080 167 264

The holder became a substantial holder on

24-Mar-14

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 had a relevant interest in on the date the substantial holder became of substantial holder are as follows:

Class of Securities	Number of securities	Person’s votes	**Voting power **
Fully paid ordinary shares	92,863,640	92,863,640	28.40%

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	Class and number of securities	Class and number of securities
	Thorney Opportunities Ltd	Beneficial owner of voting shares	27,272,730 fully paid ordinary shares
	Thorney International Pty Ltd	Beneficial owner of voting shares	65,590,910 fully paid ordinary shares
			27,272,730 fully paid ordinary shares
		Deemed relevant interest in sharesheld by Thorney Opportunities Ltd by	27272730
		virtue of section 608(3)(a) of theCorporations Act 2001	,,
	Thorney Investment GroupAustralia Pty Ltd	Deemed relevant interest in shares inwhich Thorney International Pty Ltdhas a relevant interest by virtue ofsection 608(3)(a) of the Corporations	65,590,910
		Act2001
		Deemed relevant interest in sharesheld by Thorney Opportunities Ltd byvirtue of section 608(3)(b) of theCorporationsAct2001	27,272,730 fully paid ordinary shares
	Jamahjo Pty Ltd	Deemed relevant interest in shares inwhich Thorney International Pty Ltdhas a relevant interest by virtue of	65,590,910 fully paid ordinary shares
		section 608(3)(b) of the CorporationsAct2001
		Deemed relevant interest in shares		,272,730 fully paid ordinary shares
held by Thorney Opportunities Ltd byvirtue of section 608(3)(b) of theCorporations Act 200127		held by Thorney Opportunities Ltd byvirtue of section 608(3)(b) of theCorporations Act 2001	27

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 interest	Registered holder of	Person entitled	Class and number of securities
	securities	to be registered
		as holder
Thorney Opportunities Ltd,
Thorney International Pty Ltd,Thorney Investment GroupAustralia Pty Ltd,	UBS Nominees Pty Ltd	ThorneyOpportunitiesLtd	27,272,730fully paid ordinary shares
JamahjoPtyLtd
Thorney International Pty Ltd,Thorney Investment Group	HSBC Custody Nominees(Australia) Ltd	ThorneyInternationalPtyLtd	9,090,910ordinary shares
Australia Pty Ltd,Jamahjo Pty Ltd	Thorney International Pty Ltd	ThorneyInternationalPtyLtd	56,500,000ordinary shares

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 the substantial holder became a substantial holder is as follows:

Holder of relevantinterest	Date of acquisition	Cash consideration	Class and number ofsecurities
Thorney OpportunitiesLtd	24-Mar-14	$6,000,000.00	27,272,730 ordinary shares
Thorney InternationalPtyLtd	24-Mar-14	$2,000,000.00	9,090,910 ordinary shares
Thorney Investment GroupAustraliaPtyLtd	24-Mar-14	Nil	36,363,640 ordinary shares
JamahjoPtyLtd	24-Mar-14	Nil	36,363,640 ordinary shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name	**Nature of association **
Thorney International Pty Ltd	Associates in relation to the placement by Service Stream Limited undertaken on24 March 2014
Thorney Investment Group Australia PtyLtd	Associates in relation to the placement by Service Stream Limited undertaken on24 March 2014
Jamahjo Pty Ltd	Associates in relation to the placement by Service Stream Limited undertaken on24 March 2014

7. Addresses

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

	ses	ses
	sses of persons named in this form are as follows:
Name		Address
Thorney	Opportunities Ltd	Level 39, 55 Collins Str	eet, Melbourne 3000
Thorney	International PtyLtd,ACN 132886 698	Level39, 55 Collins Str	eet,Melbourne 3000
Thorney Investment Group Australia Pty LtdACN 117 488 892		Level 39, 55 Collins Street, Melbourne 3000
Jamahjo Pty LtdACN 117 488 696		C/- TWF Partners, Level 4, 25 Claremont Street, South Yarra, 3141

Signature

Print nameSign here	CRAIG SMITHACIS,CPACapacity SECRETARY
	Date 26 March 2014