THORNEY OPPORTUNITIES LTD — Major Shareholding Notification 2015

Oct 13, 2015

THORNEY OPPORTUNITIES LTD ACN 080 167 264

CROSS RELEASE ASX:TPE

14 October 2015

BY ASX ONLINE - 3 pages

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

Dear Sir/Madam,

Notice of initial substantial holder TPI Enterprises Limited [ASX:TPE]

Following is a Form 603 Notice of initial substantial holder dated 14 October 2015 in accordance with section 671B of the Corporations Act.

Yours sincerely,

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CRAIG SMITH ACIS, CPA Secretary

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone + 61 3 9921 7116 Facsimile + 61 3 9921 7100

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To: company name/scheme TPI ENTERPRISES LIMITED ABN 26 107 872 453

1. Details of substantial holder

Name THORNEY OPPORTUNITIES LTD

ACN (if applicable) 080 167 264

The holder became a substantial holder on

12-Oct-15

2. Details of 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 had a relevant interest in on the date the substantial holder became of substantial holder are as follows:

Class of Securities	Number of securities	Person’s votes	Voting power
Fully paid ordinaryshares	3,049,320	3,049,320	5.93%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest	Class and number of securities
Thorney Opportunities Ltd	Beneficial owner of voting shares	2,134,764 ordinary shares
TIGA Trading Pty Ltd	Beneficial owner of voting shares	914,556 ordinary shares
	Deemed relevant interest in shares held by Thorney Opportunities Ltd by virtue of section 608(3)(b) of the Corporations Act 2001	2,134,764 ordinary shares
Thorney Investment Group Australia Pty Ltd	Deemed relevant interest in shares in which Tiga Trading Pty Ltd has a relevant interest by virtue ofsection608(3)(a) ofthe CorporationsAct2001	914,556 ordinary shares
	Deemed relevant interest in shares held by Thorney Opportunities Ltd by virtue of section 608(3)(b)of the Corporations Act 2001	2,134,764 ordinary shares
Jamahjo Pty Ltd	Deemed relevant interest in shares in which Tiga Trading Pty Ltd has a relevant interest by virtue ofsection608(3)(b) ofthe CorporationsAct2001	914,556 ordinary shares
	Deemed relevant interest in shares held by Thorney Opportunities Ltd by virtue of section 608(3)(b)of the Corporations Act 2001	2,134,764 ordinary shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be **registered as holder **	Class and number of securities
Thorney Opportunities Ltd	UBS Nominees Pty Ltd	Thorney Opportunities Ltd	2,134,764 ordinary shares
TIGA Trading Ltd	UBS Nominees Pty Ltd	TIGA Trading Pty Ltd	914,556 ordinary shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	**Date of acquisition **	**Cash consideration **	Class and number of securities
Thorney Opportunities Ltd	18-Aug-15 To 14-Oct-15	Market prices	659,764 ordinary shares
TIGA Trading Ltd	18-Aug-15 To 14-Oct-15	Market prices	282,756 ordinary shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name	**Nature of association **
TIGA Trading Pty Ltd ACN 132886 698	Associate under section 12 of the Corporations Act for the purpose of this investment
Thorney Investment Group Australia Pty Ltd ACN 117 488 892	Thorney Investment Group Australia Pty Ltd is the registered holder of all the issued shares in TIGA TradingPtyLtd
Jamahjo Pty Ltd ACN 117 488 696	Jamahjo Pty Ltd is the registered holder of all the issued shares in Thorney Investment GroupAustraliaPtyLtd

7. Addresses

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

Name	Address
Thorney Opportunities Ltd ACN 080 167 264	Level 39, 55 Collins Street, Melbourne 3000
TIGA Trading Pty Ltd ACN 132886 698	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 Sign here	CRAIG SMITHACIS,CPA Capacity SECRETARY
	Date 14 October 2015