TALIUS GROUP LIMITED — Major Shareholding Notification 2012

Oct 1, 2012

To:

From:

Subject: Form 604 - Notice of change of interest of substantial holder

Message: Dear Sirs

Please find attached a substantial shareholding notification sent on behalf of CQS Asset Management Limited.

Kind regards Colin Woods Compliance Manager CQS 5th Floor 33 Grosvenor Place London SW1X 7HY United Kingdom +44 (0) 20 7 20 1 6 9 0 8 Tel: +44 (0) 20 7 201 1 28 2 Fax: Web: www.cas.ch

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CQS (UK) LLP (registered no. OC307419) and CQS (Grosvenor) LLP (registered no. OC368071) are limited liability partnerships: CQS Asset Management Limited (registered no. 04988116), CQS Investment Management Limited (registered no. 05607786) and CQS Management Limited (registered no. 03691917) are all limited liability companies. All are regulated with the Financial Services Authority (with the exception of CQS Management Limited and CQS (Grosvenor) LLP) and registered in England and Wales with their registered address at 5th Floor, 33 Chester Street, London, SW1X 7BL.

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From: CQS To: 0061297780999 Page: 2/3 Date: 01/10/2012 18:05:17

Form 604 Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	ADVANCE ENERGY LIMITED
ACN/ARSN	111 823 762
1. Details of substantial holder (1) Name		CQS Asset Management Limited
N/A ACN/ARSN (if applicable)
There was a change in the interests of the substantial holder on		25/09/2012
The previous notice was given to the company on		13/07/2012
The previous notice was dated		13/07/2012

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)
Ord NPV	48.984.374	12.25%	48,984,374	5.38%
lOrd NPV	14.843.750	3.71%	14.843.750	1.63%
Total	63.828.124	15.96%	63.828.124	7.01%

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 interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of Securities affected	Person's votes affected
25/09/2012	City Natural Resources High Yield Trust Plc	Increase in issued share capital	N/A	N A	N/A
25/09/2012	Golden Prospect Precious Metals Limited	Increase in issued share capital	N/A	N/A	N/A

4. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
City Natural Resources High Yield Trust Plc	(Australia) Limited	HSBC Custody Nominees HSBC Custody Nominees (Australia) Limited		Ord NPV 48,984.374	5.38%
Golden Prospect IPrecious Metals Limitedi	(Australia) Limited	HSBC Custody Nominees HSBC Custody Nominees (Australia) Limited		Ord NPV 14,843,750	1.63%

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:

Name and ACN/ARSN (if applicable)	Nature of association
N/A

6. Addresses

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

Name	Address
	City Natural Resources High Yield $ _{c/o-CQS}$ Asset Management Limited, 5 th Floor, 33 Chester Street, London SW1X 7BL, UK
Golden Prospect Precious Metals Limited	c/o - CQS Asset Management Limited, 5th Floor, 33 Chester Street, London SW1X 7BL, UK

Signature

print name Kate Haswell sian here

Compliance Officer, CQS Asset Management capacity Limited 01/10/2012 date

DIRECTIONS

• 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 $(1)$ 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. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• 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, $(7)$ become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a 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". $(3)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$