Sydney

Level 41, Aurora Place 88 Phillip Street Sydney NSW 2000 Australia GPO Box 3698 Sydney NSW 2001 www.challenger.com.au

Telephone 02 9994 7000 Facsimile 02 9994 7777

12 March 2007

The Manager Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000

By electronic lodgement

Dear Sir

Re: Notice of change of interest of a substantial holder ~ Trinity Consolidated Group $(TCQ)$

We enclose notice of change of interest of a substantial holder in Trinity Consolidated Group Limited. This notice is given by Challenger Financial Services Group Limited and each of its subsidiaries named in Annexure 1 to this notice.

Yours faithfully

Songane Kappelearborg

Suzie Koppenkastrop Company Secretary

attach

Level 10, 101 Collins Street PO Box 297, Fiinders Lane, Melbourne VIC 3000 Telephone 03 8616 1800 Facsimile 03 8616 1899 Melbourne Level 1, 212 Pine Street Adelaide SA 5000 Telephone 08 8211 7777 Facsimile 08 8212 1861
Level 3, 66 St Georges Tamace PO Box 25085, St Georges Terrace, Perth WA 6831 Telephone 08 9223 7600 Facsimile 07 3220 3132
Level 1, 2 Brisbane Perth Adelalde

Challenger Financial Services Group Limited ABN 85-106-842-371 Challenger Group Services Pty Limited ABN 91-088-657-307
Challenger Life No.2 Limited ABN 44-072-486-936-AFSL 234870 - Challenger Commercial Landing Limited AB Challenger Lisled Investments Limited ABN 94 055 293 644 AFSL 236 887 CIF Investment Trust 1 ARSN 114 139 703 CIF Investment Trust 2 ARSN 114 139 632 Challenger Wine Trust ARSN 092 960 060 Challenger Management Services Limited ABN 29 092 382 842

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

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 r

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:

4. Present relevant interests

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

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 fo

6. Addresses

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

Signature

This is page 1 of 3 pages of Annexure 1 referred to in Form 604 signed by me and dated 12/03/2007

Suzie Koeppenkastrop
Suzie Koeppenkastrop
Company Secretary

$\sim$

This is page 2 of 3 pages of Annexure 1 referred to in Form 604 signed by me and dated 12/03/2007

Suzie Koeppenkastrop
Suzie Koeppenkastrop
Company Secretary

This is page 3 of 3 pages of Annexure 1 referred to in Form 604 signed by me and dated 12/03/2007

Suzie Kooppenkastrop
Suzie Kooppenkastrop
Company Secretary

$\cdot$

$\bar{\beta}$

This is page 1 of 1 page of Annexure 2 referred to in Form 604 signed by me and dated

Transactions: - Fully paid stapled securities

$\bar{ }$

Number of Person's Votes Nature of Date of Change Holder of relevant interest Change Consideration securities Affected .
Challenger Financial Services Group Limited (the
entities listed in Annexure 1) 250,000 24/07/2008 Buy, 338,428.13 250,000 22/09/2008 As above Buy 12,996.64 $8640$ $8,640$ 22/09/2006 As above Buy 245.620.50 163.747 163,747 $\frac{173,500}{173,500}$ 173,500 25/09/2006 As above Buy 260,966.00 401,100.00 250,000 250,000 29/09/2008 Buy As above 05/10/2006 As above 17,001.13 $11,303$ 11,303 8uy $-22.700$ 22,700
22,500 18/10/2006 As above जिला 38.446.49 $-22,500$ 36,798.52 27/10/2008 Sell. As above 20/11/2008 Buy 78,801.11 46,500 46,500 As above 28/11/2006 As above lauy 27,530.50 16.150 16.150 17.074.80 $10.000$ 10,000 294112006 As above leuv |
|Buy 501,237.37 288.938 208,938 30/11/2006 As above 01/12/2006 As above Buy 622,069.14 $357.511$ 357,511 01/12/2008 As above Sell 622,069.14 $-357.511$ 357.511 852,804,83 494,457 494,457 $\frac{Buy}{Sell}$ 65/12/2006 As above 450,254.21 $-249,515$ 249,515 18/12/2006 As above 19/12/2008 Buy 54,750.15 30,000 30,000 As above 22/12/2006
22/12/2006 76.473 As above Buy 128.474.64 76.473 183 720 183,720 308,649.60 As above ∮Buy 22/12/2008 i
Buy 1,118,609.52 665,839 665,839 As above 440,386.80 22/12/2006 As above Buy 262,135 262.135 22/12/2006
22/12/2006
08/01/2007 116 130 116 130 As above Buy 379,516 379.516 As above Buy 637,586.86 2,608,480.00 1,400,000 1,400,000 As above Buy 08/01/2007 As above .
Rai 2,608,480.00 $-1.400.000$ 1,400,000 13/02/2007 As above Buy
Sell 1,401,241.33 684.601 684.501 1,401,241.33 684,601 684,601 13/02/2007 As above 28/02/2007 As above Buy 14,878.75 8.856 B.856 28/02/2007 As above Buy 56.352.80 34.733 34,733
153,363 257,850.80 153,383 28/02/2007 As above Buy 28/02/2007 As above Buy 101,434.65 60,377 60,377 28/02/2007 As above Buy 44,937.10 26,748 26,748 148.856.15 28/02/2007 As above Buv $87.414$ 87.414 $0,807$ 16,476.20 $9,807$ 28/02/2007 As above Buy 01/03/2007 As above Buy 4,927.71 2,500 2,500 As above 05/03/2007 Buy 391.072.50 200,000 200,000 1,983,862.21 991,690 67/03/2007 As above Buv 991,690 60,000 50,000 07/03/2007 99,554.73 As above Buy 68/03/2007 As above 580, 681.14 200,270 290,270 Buy 08/03/2007 As above $\frac{1}{2}$ 178.607.41 69.282 $39.282$ 124,840.31 62,305 62,305 As above Buy 15,289.96 $8,143$ $8,143$ 08/03/2007 As above Buy