VEEM LTD — Major Shareholding Notification 2016

Nov 30, 2016

___________ Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

___________

To Company Name/Scheme Veem Ltd (ASX code: VEE) ACN 008 944 009

1. Details of substantial holder (1)

Name Contango Funds Management Limited ACN/ARSN (if applicable) 085 487 421

The date of this notice is 01/12/16

There was a change in the interests of the substantial holder on 24/11/16 The previous notice was given to the company on 16/11/16 The previous notice was dated 16/11/16

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 Person's votes	Previous notice Voting power (5)	Present notice Person's votes	Present Notice Voting power (5)
OrdinaryFullyPaid Shares	7,304,368	5.62%	9,963,403	7.66%

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:

ollows:
Date of Change	Person whose interest has changed	Nature of change	Consideration	Number of Ord. Fully Paid Shares	Person’s votes
16-Nov-16	Contango Funds Management Limited	On-market buy	$131,081.15	201,000	201,000
17-Nov-16	Contango Funds Management Limited	On-market buy	$120,646.83	185,000	185,000
18-Nov-16	Contango Funds Management Limited	On-market buy	$55,432.33	85,000	85,000
21-Nov-16	Contango Funds Management Limited	On-market buy	$354,410.81	543,454	543,454
22-Nov-16	Contango Funds Management Limited	On-market buy	$1,072,505.27	1,644,581	1,644,581

4. Present relevant interests

Contango Funds Management Limited performs the role of investment manager for its clients.

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

Registered holder of Securities National NomineesLimited National Nominees Limited BNP Paribas Nominees PtyLimited	Person entitled to be registered holder	Class & No. of Shares	Votes
	ContangoManagedInvestment Scheme	Ord1,152,500	1,152,500
	Contango MicrocapLimited	Ord 6,084,424	6,084,424
	Media Super Limited MicrocapFund	Ord 2,726,479	2,726,479

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 (ifapplicable) N/a	**Nature of association **
	N/a

6. Addresses

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

Name	Address
Contango Funds Management Limited	Level 27,35 Collins Street,Melbourne,VIC 3000
Contango MicrocapLimited	Level 27,35 Collins Street,Melbourne,VIC 3000
Contango Managed Investment Scheme	Level 27,35 Collins Street,Melbourne,VIC 3000
National Nominees Limited	GPO Box 1406,Melbourne,VIC,3001
BNP Paribas Nominees PtyLimited	PO Box R209,Royal Exchange,NSW 1225
Media Super Limited MicrocapFund	Level 10,45 Clarence Street,Sydney,NSW 2000

Signature

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Name ADAM LEGG Capacity COMPANY SECRETARY date 01/12/2016