TALIUS GROUP LIMITED — Major Shareholding Notification 2012

Jun 3, 2012

To:

From:

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

Message: Dear Sirs

Please find attached a Form 604 on behalf of CQS Asset Management Limited.

Kind Regards,

Nicholas Coxon Compliance Manager CQS 5th Floor Tel: +44 (0)20 7201 6900 33 Grosvenor Place +44 (0) 20 7 20 1 1 28 3 Fax: London SW1X 7HY Web: www.cqs.ch United Kingdom

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From: CQS To: 0061297780999 Date: 01/06/2012 18:36:33 Page: 2/3

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
ACN/ARSN (if applicable)	N/A
There was a change in the interests of the
substantial holder on		31/05/2012
The previous notice was given to the company on		01/06/2012
The previous notice was dated		01/06/2012

2. Previous and present voting power

The previous notice was dated

The total number of votes altached 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:

	Previous notice		Present notice
Class of securities (4)	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ord NPV	24,492.187	7.77%	24.492.187	7.20%
lOrd NPV	7.421.875	2.36%	7.421,875	2.18%
	31.914.062	10.13%	31.914.062	9.38%
Total

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:

WWW.ASHING.COMPT.MILLION.COM 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
29/05/2012		Increase in issued share capital

Present relevant Interests 4.

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 Pic	HSBC Custody Nominees (Australia) Limited	I HSBC Custody Nominees (Australia) Limited		Ord NPV 24,492,187	7.20%
Golden Prospect IPrecious Metals Limitedi	HSBC Custody Nominees (Australia) Limited	HSBC Custody Nominees (Australia) Limited		Ord NPV 7,421,875	2.18%

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
	.
l N/A

6. Addresses

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

From: CQS To: 0061297780999 Page: 3/3 Date: 01/06/2012 18:36:34

	Name		Address
City Natural Resources High Yield Trust Plc			C/o - CQS Asset Management Limited, 5th Floor, 33 Chester Street, London SW1X 7BL, UK
Limited		Golden Prospect Precious Metals	c/o - CQS Asset Management Limited, 5 th Floor, 33 Chester Street, London SW1X 7BL, UK
	Signature
			print name Kate Haswell	LOO.	capacity	Compliance Officer, CQS Asset Management Limited
		sign here			date	01/06/2012
				DIRECTIONS
(1)		is clearly set out in paragraph 6 of the form.				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 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
(2)		See the definition of "associate" in section 9 of the Corporations Act 2001.
(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 scheme multiplied by 100.
(6)		Include details of:
	(a)					any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, 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
	$\left( 0 \right)$					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 (indicating clearly the particular securities to which the qualification applies).
				See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(7)		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, 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.
(8)	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".

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$