Ruralco : Change in substantial holding

26. J u n. 20 1 7 9:30 N o. 0 5 5 8 P. I

IMl

I N V E S T M E N T M A N A G E R S

ABN 14 078 030 752

AFS Licence No. 229988

LICENSED DEALER IN SECURITIES

To whom it may concern,

Please find enclosed the above notice regarding Investors Mutual Limited shareholding in Ruralco Holdings Limited.

Should you require any further information, please call on the number below.

Kind regards,

Direct phone (02) 8224 0500

level 24, 25 Bligh Street Sydney NSW 2000

P.O. Box H104, Australia Square, Sydney NSW 1215

Tel: +61 2 9232 7500 Fax: +61 2 9232 7511

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604 page 1/1 15 July 2001

Form 604

Corporations Act 2001

Sscllon 6718

Notice of change of interests of substantial holder

Ill Company Name/Scheme Ruralco Holdings Limited

ACNIARSN 009 660 879

1. Details of substantial holder(1)

   NamB Investors Mutual Limited

   ACNIARSN Of applicable) 078 030078

   There was a change in the Interests of the

   substantial noicter on

   Tne prevlow notice was given w me compaily on

   The previous notice was dated

   22, 06 /017

   2810212017

   .

   27;02 ;2017

2. Previous and present voling power

   The total number of votes attached to all the voting shares in the company or voting interests in the scheme that ths substantial holdec or an a:;soclate (2) had a relevant lmerest (3)

   In whsn last required, and when now required. ta give a subtantlal holding notice to 1hecompany or scneme, are as follows:

   Class of securities (4)	Previous notice		Pres0nt notia:l
   	Person's votes	Volino nower 15	Person·s votes	Votinn nower {5)
   Ordinary	5,272,884	5.33%	6,728,348	6.44%

3. Changes ill relevant inle'res(s

   Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an assoclat9 Invoting sE!curltles of ttie company or scheme, since me

   substant1a1 holder ws ,st requlreo to give a subsiantial Mlding notice to me company or scneme are as follows:

   Date of change		Person whose ,elevMt Interest changed	Nature of change (6)	Consideration given in reldtion to Chango (n	Class .and nurnber of securities affected	Person's votes affected
   Saa AnnQ)(,		a 1

4. Presenl relevant intereslS

Particulars of each relev.ant lntBrBst of the substa.ntl.al holder In voting securities .after the change .are as follows:

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604 page 212 15 July 2001

!i. Changes In .assoclallon

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:

6. Addresss

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

Name

Sae Annexure 3

Address

I I I

Signature

print name

Zac ?r,

capacity

Company Secretary

sign here

I

i1 date

J (,, I t I2o l

J(

DIRECTIONS

rn If there ara a number of substantial holders wltll slmllar or related n;Jevant Interests (eg.,a corporation and its rnlatsd corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant inrerests of a group of persons are essemially similar, they may be referred to tnroughout tha form as a specific.ally named group Iflhe membership of each group, with ths narn0s and addrnss0s of rn0mbers is clflarly sstout in paragraph 6 of the

form.

1. See the definition of ·associate" in section 9 of the Corporations Act 2001.

2. See the definition of "relevant Interest" In sections 608 and 6718{7) of the Corporations Act 2001.

1. TM voMg sMre$ of a compMy cMslilute Me class unless divided Into separate classes.

2. The person's votes divided by the total votes in the bo(!y corporate or scheme multiplied by 100.

   ( Include details of:

3. any relevant agreement or other circumstances because of which me change in relevam inlerest occurred. If subseClion 6718(1) applies, a copy of any document Sl:!ttlng out the terms of any relevant agreement and a staoornent by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this Form, together witll a written statement cenirying this contract. scheme or arrangement; and

(b) any qualification of the power of a oerson to exercise, control the exercise of, Of influence the e)l;efdSe of, the voting powers Of disposal of the securities to

which me relevant Interest relates ndlcatlng 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 fndude any and au benefits, money and omer. that any pi;ffson from whom a felevant lnternst was ac.qulrBd has, or may, becom'e entitled to receive in relation to that acquisition. Details muse be included even if the benent is conditional on the happening or not or a contingency. Details must be included of any benefit paid on OOhalf or me substantial holder or Its associate In r•l•tlon to the acquisitions. even IF they are not paid directly to tile person From whom tha relevant Interest was acquired.

(8) lf the substantial holdef Is unablG to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

(9) Give details, iF appropriate, oFthe present association and any change In that a%oclatlon sine• the last substantial holding notlc•.

2 6. J u n. 2 0 1 7 9 : 31

Investors Mutual Limited

ACN/ ARSN: 078 030 752

Annexure 1of page 1

Trade Date

Person whose relevant interest changed

Nature of Change

Consideration given In relation to change

Ordinary Units

Person's Votes Affected

3. Changes in relevant interests

N o. 0 5 5 8 P. 4

15·Mar-17	Investors Mutual Limited	CONVER	$133,000.00	50000	50000
15-Mar-17	Investors Mutual Limited	CONVER	$399,000.00	150000	150000
15-Mar-17	Investors Mutual Limited	CONVER	$79,800.00	30000	30000
15-Mar-17	Investors Mutual Limited	CONVER	$64,018.22	24067	24067
1-May-17	Investors Mutual Limited	OS-PUR	$37,842.10	13049	13049
3-May-17	Investors Mutual Limited	OS"PUR	$291,000.00	100000	100000
4·May·17	Investors Mutual Limited	05-PUR	$297,000.00	100000	100000
16-May-17	Investors Mutual Limited	05-PUR	$62,000.00	20000	20000
17-May-17	Investors Mutual Limited	05-PUR	$310,000.00	100000	100000
18-May-17	Investors Mutual Limited	OS-PUR	$93,900.00	30000	30000
26-May-17	Investors Mutual Limited	05-PUR	$465,000.00	150000	150000
26-May-17	Investors Mutual Limited	OS·PUR	$155,000.00	50000	50000
20-Jun-17	Investors Mutual Limited	OS·PUR	$36,900.07	12680	12680
20-Jun-17	Investors Mutual Limited	05-PUR	$211,498.80	72680	72680
20-Jun-17	Investors Mutual Limited	OS-PUR	$65,699.07	22577	22577
20-Jun-17	Investors Mutual Limited	OS-PUR	$126,001.51	43298	43298
20-Jun-17	Investors Mutual Limited	05-PUR	$107,998.83	37113	37113
20-Jun-17	Investors Mutual Limited	05-PUR	$145,000.00	50000	50000
20-Jun-17	Investors Mutual Limited	OS-PUR	$870,000.00	300000	300000
20-Jun-17	Investors Mutual Limited	05-PUR	$290,000.00	100000	100000
1455464