SMX: Ceasing to be a substantial holder from WBC

Form 605 Form 605 Corporations Act 2001 Section 671B Notice of ceasing to be a substantial holder

To Company Name/Scheme SMS MANAGEMENT & TECHNOLOGY LIMITED (SMX)

ACN/ARSN ACN 009 558 865

1. Details of substantial holder(1)

   Name WESTPAC BANKING CORPORATION (WBC) and its associated entities listed

   in Annexure 'B '

   ACN/ARSN (if applicable) ACN 007 457 141

   The holder ceased to be a

   substantial holder on 29/04/2016

   The previous notice was given to the company on 27/04/2016

   The previous notice was dated 22/04/2016

2. Changes in relevant interests

   Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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:

   Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
   29/04/2016	WBC & its Associates, Asgard Capital Management Limited, BT Funds Management Limited, Advance Asset Management Limited	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'

3. Changes in association

   The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to the voting interests of the company or scheme are as follows:

   Name and ACN/ARSN (if applicable)	Nature of association

4. Addresses

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

Name	Address
Westpac Banking Corporation (WBC)	Level 20, Westpac Place, 275 Kent Street, Sydney NSW 2000
Asgard Capital Management Limited	Level 20, Westpac Place, 275 Kent Street, Sydney NSW 2000
BT Funds Management Limited	Level 20, Westpac Place, 275 Kent Street, Sydney NSW 2000
Advance Asset Management Limited	Level 20, Westpac Place, 275 Kent Street, Sydney NSW 2000
SMS MANAGEMENT & TECHNOLOGY LIMITED (SMX)	The Company Secretary, SMS MANAGEMENT & TECHNOLOGY LIMITED (SMX) Level 41, 140 Williams Street MELBOURNE VIC 3000 Tel: 1300 842 767

Signature

Print name Tim Hartin Capacity Company Secretary

Sign here Date 03/05/2016

DIRECTIONS

1. If there are a number of substantial holders with similar or related relevant interests (e.g. 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 is clearly set out in paragraph 4 of the form.

2. See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

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

4. Include details of:

5. 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

6. 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 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 of 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. The voting shares of a company constitute one class unless divided into separate classes.

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

ANNEXURE A

This is annexure 'A' referred to in Form 605, Notice of ceasing to be a substantial holder, lodged for Westpac Banking Corporation ACN 007 457 141 and its associated entities

Tim Hartin - Company Secretary, Westpac Banking Corporation - 03/05/2016

Sales & Purchases for the period : 23/04/2016 to 29/04/2016 SECURITY: SMX

BT Funds Management Limited

Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	votes affected
27/04/2016	BT Portfolio Services Limited	Sale	-5,000	-8,348.50	Ordinary	5,000
27/04/2016	BT Portfolio Services Limited	Sale	-5,000	-8,348.50	Ordinary	5,000
28/04/2016	BT Portfolio Services Limited	Sale	-2,500	-4,247.50	Ordinary	2,500
28/04/2016	BT Portfolio Services Limited	Sale	-7,500	-12,645.00	Ordinary	7,500
Total	-20,000	-33,589.50

Person's

BT Funds Management Limited Total : -20,000 -33,589.50

BT Funds Management No.2 Limited

Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	votes affected
26/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-10,865	-18,144.55	Ordinary	10,865
27/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-7,474	-12,406.84	Ordinary	7,474
27/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-5,124	-8,505.84	Ordinary	5,124
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-737	-1,245.53	Ordinary	737
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-4,178	-7,060.82	Ordinary	4,178
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-594	-1,003.86	Ordinary	594
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-2,636	-4,454.84	Ordinary	2,636
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-14,798	-25,008.62	Ordinary	14,798
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-3,421	-5,781.49	Ordinary	3,421
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-690	-1,166.10	Ordinary	690
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-44,315	-74,892.35	Ordinary	44,315
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-9,763	-16,499.47	Ordinary	9,763
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-3,355	-5,669.95	Ordinary	3,355
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-647	-1,093.43	Ordinary	647
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-2,992	-5,056.48	Ordinary	2,992
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-38,905	-65,749.45	Ordinary	38,905
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-2,187	-3,696.03	Ordinary	2,187
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-324	-547.56	Ordinary	324
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-15,176	-25,647.44	Ordinary	15,176
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-3,431	-5,798.39	Ordinary	3,431
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-3,645	-6,160.05	Ordinary	3,645
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-5,112	-8,639.28	Ordinary	5,112
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-982	-1,659.58	Ordinary	982
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-657	-1,110.33	Ordinary	657
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-2,729	-4,612.01	Ordinary	2,729
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-5,956	-10,065.64	Ordinary	5,956
28/04/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-7,398	-12,502.62	Ordinary	7,398

Person's

Page 4 of 11