THORNEY OPPORTUNITIES LTD — Major Shareholding Notification 2012

Feb 23, 2012

THORNEY HOLDINGS PTY LTD ABN 37 006 262 835

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone +613 9921 7171 Facsimile +613 9921 7100

24 February 2012

BY ASX ONLINE ‐ 4 pages

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

Dear Sir/Madam,

Change of interests of substantial holder Wentworth Holdings Limited [ASX:WWM]

Following is a Form 604 Notice of c hange in interests of substantial holder dated 24 February 2012 in accordance with section 671B of the Corporations Act 2001 (the Act).

Yours sincerely,

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CRAIG A G SMITH ACIS, CPA Secretary

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: company name/scheme WENTWORTH HOLDINGS LIMITED ACN/ARSN ABN 41 080 167 264

1. Details of substantial holder

Name THORNEY HOLDINGS PTY LTD (ACN 006 262 835) [HOLDINGS], TIGA TRADING PTY LTD (ACN 118 961 210) [TIGA], THISTLE CUSTODIANS PTY LTD (ACN 078 027 193) [THISTLE] and each of their related bodies corporate listed in this Notice and in Schedule ‘A’.

ACN (if applicable) As above

There was a change in the interests of the substantial holder on 23/02/12 The previous notice was given to the company on 20/10/09 The previous notice was dated 20/10/09

2. Previous and present voting power

The total number of shares 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of Securities	Class of Securities	Previous Notice	Previous Notice	Present Notice	Present Notice	Present Notice
		Person’s votes	**Voting power **	Person’s votes	**Voting power **
FullyPaid Ordinary Shares		52,309,367	22.33%	52,804,965	23.33%
3. Changes in relevant interests Particulars of each change in, or change in the nature of, relevant interests of the substantial holder or an associate in votin securities of the company or scheme since the substantial holder was last required to give a substantial holding notice to th company are as follows:
Date of Change	Person whose relevant interest changed	Nature of change	Consideration given in relation to Change	Class and number of securities affected		Person’s votes affected
27-Nov-09	THISTLE	Off market transfer	Transfer from Thistle to TIGA	32,774,010 ordinary shares		THISTLE
	TIGA					TIGA
Jan-12 to Feb-12	TIGA	On market purchases	Market prices	495,598 ordinary shares		TIGA

Particulars of each change in, or change in the nature of, relevant interests 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 are as follows:

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	Registered holder of securities	Person entitled to be registered as holder	Person entitled to be registered as holder	Nature of relevant interest	Class and number of shares	Person’s votes
HOLDINGS	J.P. Morgan Nominees Australia Ltd		HOLDINGS		Beneficial Owner	13,266,936 ordinary shares	13,266,936
TIGA	UBS Nominees Pty Ltd		TIGA		Beneficial Owner	39,538,029 ordinary shares	39,266,936
Thorney Investment Group Australia Pty Ltd	As above		N/A		By virtue of section 608 of the Corporations Act 2001	52,804,965 ordinary shares	N/A
Jamahjo Pty Ltd
5. Changes in association The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows: Name Nature of association 6. Addresses The addresses of persons named in this form are as follows: Name Address ThorneyHoldingsPtyLtd Level39, 55 Collins Street,Melbourne 3000 TIGA TradingPtyLtd Level39, 55 Collins Street,Melbourne 3000 Thistle Custodians PtyLtd Level 39,55 Collins Street,Melbourne 3000 Thorney Investment Group Australia Pty Ltd ACN 117 488 892 Level 39, 55 Collins Street, Melbourne 3000 Jamahjo Pty Ltd ACN 117 488 696 C/- TWF Partners, Level 4, 25 Claremont Street, South Yarra, 3141
Name		**Nature of association **
6. Addresses The addresses of persons named in this form		are as follows:
Name				Address
ThorneyHoldingsPtyLtd				Level39, 55 Collins Street,Melbourne 3000
TIGA TradingPtyLtd				Level39, 55 Collins Street,Melbourne 3000
Thistle Custodians PtyLtd				Level 39,55 Collins Street,Melbourne 3000
Thorney Investment Group Australia Pty Ltd ACN 117 488 892				Level 39, 55 Collins Street, Melbourne 3000
Jamahjo Pty Ltd ACN 117 488 696				C/- TWF Partners, Level 4, 25 Claremont Street, South Yarra, 3141

Signature

Print name CRAIG A G SMITH ACIS, CPA Capacity SECRETARY Sign here Date: 24 February 2012

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This is the schedule referred to in the Form 604 Notice of change of interests of substantial holder signed by me and dated 24 February 2012.

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......................................... CRAIG A G SMITH ACIS, CPA Secretary

SCHEDULE ‘A’

RELATED BODIES CORPORATE OF THORNEY HOLDINGS PTY LTD, TIGA TRADING PTY LTD and THISTLE CUSTODIANS PTY LTD

Thorney International Pty Ltd 078 027 193, Level 11, 2 Southbank Boulevard, Southbank 3006 Thistle Holdings Pty Ltd, ACN 075 051 464, Level 39, 55 Collins Street, Melbourne 3000 Thorney International Pty Ltd, ACN 132 886 698, Level 39, 55 Collins Street, Melbourne 3000 TIGA Property Pty Ltd, ACN 117 811 453, Level 39, 55 Collins Street, Melbourne 3000 TIGA (Ballarat) Pty Ltd, ACN 117 812 030, Level 39, 55 Collins Street, Melbourne 3000 TIGA (Doncaster East) Pty Ltd, ACN 118 521 412, Level 39, 55 Collins Street, Melbourne 3000 TIGA (Hawthorn) Pty Ltd, ACN 126 952 663, Level 39, 55 Collins Street, Melbourne 3000 TIGA Tails Pty Ltd, ACN 080 534 416, Level 39, 55 Collins Street, Melbourne 3000