SYNTARA LIMITED — Major Shareholding Notification 2011

Oct 9, 2011

10-October-2011

Company Announcements Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 200

Fax: 1300 135 638

Dear Sir/Madam

Substantial Shareholder Notice

In accordance with section 671B(3) of the Corporations Act 2001 (Cth), I attach a Notice of Change of Interest of Substantial Holder (Form 804) in respect of PHARMAXIS LTD

Yours faithfully

the UShita

∕John Whiteman Director

h orthcape Capital Fty Ltd
Level 23, Australia Şquara, 264 George Street Sydney NSW 2000
P+61 2 9220 3300 F+61 2 92472861
Invest@northcape.com au ABN 53 106 390 247

		Form 604 Corporations Act 2001 Section 671B
		Notice of change of interests of substantial holder
To Company Neme / Scheme	PHARMAXIS LTD
ACN / ARSN	082 811 630		$+ - 1$
1. Detail of Substantial holder (1)
Name	NORTHCAPE CAPITAL PTY LTD
ACN / ARSN (if Applicable)	106 390 247
There was a change in the interests of the substantial holder on		08/09/2011
The previous notice was given to the company on		03/03/2011
The previous notice was dated		03/03/2011

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 lest required, and when now required, to give a aubatantial holding notice to the company or acheme, are as follows;

Class of Securities (4)	---- Previous Notice		Present Notice
	Person's Votes ----	Voting power (6)	Person's Votes	Voting power (6)
Ordinary Fully Paid	11,546,697.00	6.08%	14.272.395.00	6.23%

3. Changes in relevant interests

Particulars of each change in, or change in the neture of, a relevent inferest 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	Paraon whose relevant linterest changed	Nature of change (6)	. Conalderation given in relation 1 to change (7)	Cleas and Number of ∎ecurities affectad	Person's votes affected
Various	Northcape Capital	Purchases	3.584.832.57	3.057.939.00	3.057.939.00
Various	'Ptv. Ltd	Sales	591 613.95	332,241.00	332.241.00

4. Present relevant interests

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

Interest	Holder of relevant Registered Holder of l Securities.	Person entitled to be registered Nature of relevant interest (6) es holder (B).	Class and Number of ABCURES	Person's votes
IRefer Annexure 1

5. Changes In Association

The persons who have become sesociates (2) of, or cassed 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:

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

6. Addresses

The addresses of persona in this form are as follows:

Name	Address
Northcape Capital Pty Ltd	L23 Australia Square, 284 George St, Sydney NSW 2000

Signature

Print Name

John Whiteman	Capacity	DIRECTOR
German Meter	Date	10/10/2011

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

John Whiteman

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 mambers is clearly set out in paragraph 8 of the form.

(2) See the definition of "associate" in eaction 9 of the Corporations Act 2001.

Sign Here

(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001,

(4) The voting shares of a company constitute one class unless divided into separate classes.

(5) The person's votes divided by the total votes in the body corporate or schame multiplied by 100.

(6) Include details of:

(a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If aubsection 871B(4) spplies, 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 (b) 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

securities to which the relevant interest relates (inclusting clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

(7) Datalis of the consideration must include any and all banefits, money and other, that any person from whom a relavant interest was acquired has, or may, become entitied to receive in relation to that ecquisition. Datalle must be included even if the benefit is conditional on the happening or not of a confingency, Details must be included of any banefit 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 whem the relevant interest was acquired.

(8) If the substantial holder is unsble to determine the identity of the person (eg. If the relevant interest artess 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.

Annexure 1

The persons reglatered as holders of the securities

Holder of	Registered holder of	Person entitled to be	Nature of relevant	Class and number of securities		Person's votes
relevant interest	securities	registered as holder	interest
Northcape	BNP Paribas	BNP Paribas	Power to vote and	Ordinary Fully	433,528	433,526
Capital Pty Ltd	Securities Services		Securities Services Ltd dispose of shares in the Paid
	Ltd		capacity as investment
			manager
Northcape	HSBC Custody	HSBC Custody	Power to vote and	Ordinary Fully	1,525,329	1,525,329
Capital Pty Ltd	Nominees (Australia)	Nominees (Australia)	dispose of shares in the Paid
	Ľtd	Ltd	capacity as investment
			manager
Northoape		JP Morgan Nominees JP Morgan Nominees	Power to vote and	Ordinary Fully	7.904,328	7,904,328
Capital Pty Ltd	Australia Ltd	Anstralia Ltd	dispose of shares in the Paid
			capacity as investment
			manager
Northcape	National Nominees	National Nominees	Power to vote and	Ordinary Fully	3,058,767	3,058,767
Capital Pty Ltd	Ltd	Ltd	dispose of shares in the Paid
			capacity as investment
			manager
Northcape	RBC Dexia Investor	RBC Dexia Investor	Power to vote and	Ordinary Fully	1.104,038	1 104,038
Capital Pty Ltd	Services Trust	Services Trust	dispose of shares in the Paid
			capacity as investment
			manager
Northcape	State Street Australia	State Street Australia	Power to vote and	Ordinary Fully	246,409	246,409
Capitel Pty Ltd	Ltd	Ltd	dispose of shares in the Paid
			capacity as investment
			manager

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Northcope Capital Pty Ltd Level 23, Australia Square, 264 George Street Sydney NSW 2000 P +61 2 9220 3300 F +61 2 92472801 Invest@northcope.com.au ABN 53 106 310 247