SIMONDS GROUP LIMITED — Major Shareholding Notification 2015

Nov 1, 2015

FORM 605 Corporations Act 2001 Section 671B

NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER

To:	Company Name/Scheme	SIO - Simonds Group Limited	SIO - Simonds Group Limited
	ACN/ARSN	143 841 801
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 the		2/11/2015
	substantial holder on
	The previous notice was given to the company on		5/12/2014
	The previous notice was dated		5/12/2014
2.	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 relevantinterest changed	Nature ofchange	Consideration given inrelation to change	Class and number ofsecurities affected	Person's votesaffected
See Annexure A

3. 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 Print Name PAUL PALUMBO Capacity Portfolio Manager Sign Here Date 2/11/2015

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Annexure A

05-Dec-2014 to 02-Nov-2015

EntityDate Of Change29/10/2015Acorn Capital Ltd	Type of TransactionSale	QuantityConsideration-$378,926.39-325,632	Quantity

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