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CHALLENGER LIMITED Major Shareholding Notification 2009

Apr 5, 2009

64641_rns_2009-04-05_963d938d-9516-490d-aa89-e75cede979a8.pdf

Major Shareholding Notification

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Sydney

Level 15, 255 Pitt Street Sydney NSW 2000 Australia GPO Box 3698 Sydney NSW 2001 www.challenger.com.au

Telephone 02 9994 7000 Facsimile 02 9994 7777

The Manager Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street

SYDNEY NSW 2000

6 April 2009

By electronic lodgement

Dear Sir

Re: Notice of change of interests of substantial holder ~ Probiotec Limited (PBP)

We enclose notice of change of interests of substantial holder in Probiotec 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

Syanne Koppenharing

Suzie Koeppenkastrop Company Secretary

attach

Melbourne Level 10, 101 Collins Street PO Box 297, Flinders Lane, Melbourne VIC 3000 Telephone 03 8616 1800 Facsimile 03 8616 1899 Level 7, 320 Adelaide Street GPO Box 3234, Brisbane QLD 4001 Telephone 07 3218 8000 Facsimile 07 3220 3132
38 Walters Drive, Osborne Park, Perth WA 6017 Telephone 08 9223 7800 Facsimile 08 9221 2499 Brisbane Porth. Adelaide Level 1, 212 Pirie Street Adelaide SA 5000 Telephone 08 8228 3270 Facsimile 08 8212 1661

Challenger Financial Services Group Limited ABN 85 106 842 371 Challenger Group Services Pty Limited ABN 91 085 657 307
Challenger Life Company Limited ABN 44 072 486 938 AFSL 234670 Challenger Commercial Lending Limited A Challenger Managed Investments Limited ABN 94 002 835 592 AFSL 234668 Challenger Listed 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 Diversified Property Trust 1 ARSN 121 484 606 Challenger Diversified Property Trust 2 ARSN 121 484 713 Challenger Kenedix Japan Trust ARSN 124 068 971 Challenger Management Services Limited ABN 29 092 382 842 AFSL 234 678 Challenger Retirement Services Pty Limited ACN115 534 453 AFSL295642 RSE Licence No. L0001304

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company name/Scheme Probiotec Limited
ACN/ARSN 075 170 151
Details of substantial holder (1)
1.
Name Challenger Financial Services Group Limited (and the entities listed in Annexure 1)
ACN/ARSN (if applicable) 106 842 371
There was a change in the interests of the substantial holder on 02.04.2009
The previous notice was given to the company on 06.11.2008
The previous notice was dated 06.11.2008

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
Voting power (5)
Person's votes
Present notice
Person's votes Voting power (5)
Ordinary Fully Paid 2,380,430 5.11% 2,880,673 6.13%

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:

Date of change Person whose relevant
interest changed
Nature of change (6) Consideration given in
relation to change (7)
Class and number of
securities affected
Person's votes affected
Refer
Annexure 2
Challenger
Financial Services
Group Limited
And each other
entity named in
Annexure 1
Refer Annexure 2 Refer Annexure 2 Refer Annexure 2 Refer Annexure 2

4. Present relevant interests

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

Holder of
relevant interest
Registered holder of
securities
Persons entitled to be
registered as holder
(8)
Nature of relevant interest
(6)
Class and number of
securities
Person's votes
Challenger
Financial
Services
Group
Limited
And each
other entity
named in
Annexure 1
JP Morgan
Nominees Australia
Ltd
JP Morgan
Nominees Australia
Ltd
The relevant
interest arises by
Challenger
Financial Services
Group Limited and
the entites listed in
Annexure 1
2,602,399
(ordinary fully paid)
2,602,399
As above ANZ Nominees Ltd ANZ Nominees Ltd The relevant
interest arises by
Challenger
Financial Services
Group Limited and
the entites listed in
Annexure 1
278,274
(ordinary fully paid)
278,274

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:

d ACN/ARSN (if applicable) Nature
Name and of association
N/4 N/A

6. Addresses

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

Name Address
Challenger Financial Services Group Limited
And each other entity named in Annexure 1
Level 15, 255 Pitt Street, Sydney NSW 2000

capacity

Signature

print name Suzie Koeppenkastrop

06/04/2009 date

Company Secretary

Syame Koppenharap

This is page 1 of 4 pages of Annexure 1 referred to in Form 604 signed by me and dated 06/04/2009

Syanne Koppenharrop

Suzie Koeppenkastrop
Company Secretary

Company/Scheme ABN/ARSN
Challenger Financial Services Group Limited 85 106 842 371
Allfine Holdings Pty Ltd 84 100 231 918
Bluezen Pty Ltd 94 100 220 175
CDPG Australia Pty Limited 124 498 095
Cescade Pty Limited 76 096 097 399
CFSG Holdings No. 2 Victoria Pty Limited 107 601 605
Challenger Boutique (GFI) Holdings Pty Limited 123 319 460
Challenger Boutique Ardea Holdings Pty Ltd 133 865 853
Challenger Boutique Holdings Pty Limited 123 318 650
Challenger Boutique Wavestone Holdings Pty Ltd 133 626 276
Challenger Broker Support Services Pty Ltd 130 012 930
Challenger Capital Markets Limited 38 099 742 122
Challenger Commercial Lending Limited 65 000 033 143
Challenger Diversified Property Development Pty Limited 121 624 833
Challenger FM Nominees Limited 130 035 353
Challenger Funds Management Holdings Pty Limited 107 728 030
Challenger Group Holdings Limited 50 002 993 302
Challenger Group Pty Ltd 85 003 374 196
Challenger Group Services Pty Ltd 91 085 657 307
Challenger Inventory Finance Servicing Pty Limited 36 107 706 810
Challenger LBC Terminals Australia Pty Limited 125 211 770
Challenger Life Company Holdings Pty Ltd 60 006 381 193
Challenger Life Company Limited 44 072 486 938
Challenger Life Holdings Pty Limited 85 080 036 657
Challenger Life Nominees No.2 Limited 34 078 627 013
Challenger Life Nominees Pty Ltd 39 091 336 793
Challenger Limited 38 087 464 131
Challenger Listed Investments Limited 94 055 293 644
Challenger Managed Investments (International) Pty Ltd 120 871 212
Challenger Managed Investments Limited 94 002 835 592
Challenger Management Services Limited 29 092 382 842
Challenger Margin Lending Pty Limited 47 091 338 822
Challenger Mortgage Management Holdings Pty Limited 57 095 300 502
Challenger Mortgage Management Pty Limited 72 087 271 109
Challenger Non-Conforming Finance Pty Ltd 107 725 486
Challenger Originator Finance Pty Ltd 095 085 466
Challenger Property Asset Management Pty Ltd 90 077 569 021
Challenger Retirement Services Pty Ltd 115 534 453
087 271 136
Challenger Securities (NZ) Pty Ltd
Challenger Securitisation Management Pty Limited 56 100 346 898
130 888 292
Challenger Skybridge (Fund) Holding Company Pty Ltd
Challenger Skybridge (Group) Holding Company Pty Ltd
130 888 327
Challenger Skybridge (Hastings) Holding Company Pty Ltd 130 888 274
Challenger Special Servicing Pty Ltd 77 107 707 415
Challenger Strategic Capital Pty Limited 116 411 388

This is page 2 of 4 pages of Annexure 1 referred to in Form 604 signed by me and dated 06/04/2009

Syanne Koppenharap

Suzie Koeppenkastrop
Company Secretary

Company/Scheme ABN/ARSN
Challenger Superannuation Pty Ltd 52 006 475 501
Challenger Treasury Limited 47 093 307 996
Challenger US Infrastructure Holdings Pty Ltd 117 401 519
Choice Lend Pty Ltd 135 459 326
CPHIC Investments Pty Ltd 95 093 340 526
CSPP1 Broadbeach Pty Ltd 122 460 977
CSPP1 Investment Company 1 Pty Limited 120 463 023
CSPP1 Maitland Pty Ltd 122 460 968
CSPP1 Mavis Court Pty Ltd 122 461 983
EMIF Holdings Pty Ltd 130 565 169
Encap Funds Management Pty Limited 125 069 712
Endowment Warrants Limited 45 009 568 503
Fintrack Members Pty Ltd 100 143 744
FXF Holdings Pty Ltd 080 419 512
GasValpo Finance Pty Ltd 003 376 529
Inexus Australian Holdings Company Limited 115 840 661
Interstar Home Loan Corporation Pty Limited 058 891 302
Interstar Mortgage Management Pty Ltd 082 014 702
Interstar Non-Conforming Finance Management Pty Ltd 107 707 406
Interstar Securities (International) Pty Ltd 087 271 225
Interstar Wholesale Finance Holdings Pty Limited 087 284 240
Maitland Nominee Holdings Pty Limited 122 853 114
Mavis Court Development Co Pty Limited 124 112 956
Mawbury Pty Limited 95 096 097 479
Mortgage Support Services Pty Ltd
MSS MF Pty Ltd
100 178 747
007 717 142
MSS MFA Pty Ltd 090 886 187
Pennley Pty Ltd 071 979 498
Plan Australia Financial Services Pty Ltd 119 656 772
Plan Australia Operations Pty Ltd 099 682 050
Plan Australia Pty Ltd 085 219 996
Plan Connect Pty Ltd 120 567 491
Plan Group Holdings Pty Ltd 117 651 760
Plan Group Nominees Pty Ltd 117 652 052
Plan Lending Pty Ltd 120 569 968
Plan Technologies Pty Ltd 089 152 189
Professional Lenders Association Network of Australia Pty Ltd 086 460 833
Talavera Herring Pty Limited 34 086 068 984
The Liberty Group Consortium Pty Ltd 79 082 564 289
TLG Services Pty Limited 20 092 500 608
TLGH Pty Limited 85 092 927 467
Waterford County Pty Limited 122 853 089
Women in Mortgage Business Network Pty Ltd 120 573 882

This is page 3 of 4 pages of Annexure 1 referred to in Form 604 signed by me and dated 06/04/2009

Syanne Koppenharrop

Suzie Koeppenkastrop
Company Secretary

Overseas Companies
Appia Europe Limited
Appia Finance 2 Limited
Appia Finance Limited
Appia Group Limited (Jersey)
Appia Investments Limited
CDPG Luxembourg Holdings SARL
CDPG Luxembourg II SARL
CDPG Luxembuorg SARL
CDPG Malta Limited
Challenger Connections Limited
Challenger Connections Mid Company Limited
Challenger DPG France II SAS
Challenger DPG France SAS
Challenger Group Services (UK) Limited
Challenger Harbourmasters Holdings Jersey Limited
Challenger Holding (Vagyonkezelo) KFT
Challenger Hungary International Capital Investment and Management Ltd Liability
Company
Challenger Jersey 13 Limited
Challenger Jersey Management Limited
Challenger Jersey Trustee Limited
Challenger LBC Terminals Holding Company Limited
Challenger LBC Terminals Jersey Limited
Challenger LBC Terminals Limited
Challenger Life (UK) Limited
Challenger Luxembourg Holding No. 1A SARL
Challenger Luxembourg Holding No. 1B SARL
Challenger Luxembourg Holding No. 2 SARL
Challenger Management Services (UK) Limited
Challenger MBK Emerging Market Infrastructure Fund Pte. Ltd
Challenger MBK Fund Management Pte. Ltd
Challenger Mortgage Management NZ Limited
Challenger Northern Gas Ltd (Jersey)
Challenger SCR LLP Member Limited
Challenger SkyBridge Fund (LP) Limited
Challenger SkyBridge Fund (SLP) Limited
Challenger South Monaco LLC
Challenger Southern Water Limited
Challenger Structured Credit Management Limited
Challenger Towers Ltd (Jersey)
Challenger UK Tank Storage Limited
Challenger UK Terminals Ltd
Challenger Wales and the West Gas Ltd (Jersey)

This is page 4 of 4 pages of Annexure 1 referred to in Form 604 signed by me and dated 06/04/2009

Syanne Koppenharap

Suzie Koeppenkastrop

Company Secretary

Overseas Companies
Challenger Welcome Break Limited
Clashfern Investments (UK) Limited
CMS (UK) Pty Limited
GasValpo Jersey Holding Company Limited
Greensands Holdings Jersey Limited
GV Cayman Company Limited
GV Chile Holding Limitada
GV Chile Limitada
GV Jersey Trustee Company Limited
GV Jersey Trustee Company No. 2 Limited
Inexus Group Holdings
Inexus Group Limited
Interstar Home Loan Corporation NZ Limited (Foreign)
Kabushiki Kaisha C & K
Lazor
Mangro
Namroc
Oikos Limited
Oikos Storage Limited
Rozal
Rozalia Park
Sabrand Limited
SCI Aulnay Invest
SCI Gennevilliers Invest
Structured Credit Research LLP
ZCM Australia Asset Holdings Limited (Foreign)

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

06/04/2009

Syame Kopenhistory Suzie Koeppenkastrop

Transactions:

Probiotec Limited (PBP)
Ordinary Fully Paid
As at 02/04/09

Date of Change Holder of relevant interest Nature of Change Consideration Number of securities Person's Votes Affected
Challenger Financial Services Group
11/11/2008 Limited (the entities listed in Annexure 1) Buy 7,210.31 5,725 5,725
14/11/2008 As above Buy 3,692.45 2,748 2,748
14/11/2008 As above Buy 1,081.67 805 805
14/11/2008 As above Buy 1,233.51 918 918
14/11/2008 As above Buy 710.81 529 529
20/11/2008 As above Buy 2,515.11 1,905 1,905
20/11/2008 As above Buy 4,050.63 3,068 3,068
20/11/2008 As above Buy 4489.95 3401 3401
20/11/2008 As above Buy 2,650.18 2,007 2,007
27/11/2008 As above Buy 5,664.37 4,358 4,358
27/11/2008 As above Buy 1,661.09 1,278 1,278
27/11/2008 As above Buy 1,892.46 1,456 1,456
27/11/2008 As above Buy 1,090.50 839 839
28/11/2008 As above Buy 49.91 38 38
28/11/2008 As above Buy 14.45 11 11
28/11/2008 As above Buy 17.07 13 13
28/11/2008 As above Buy 9.19 $\overline{7}$ $\overline{7}$
01/12/2008 As above Buy 1,910.09 1,411 1,411
04/12/2008 As above Buy 144,604.35 105,977 105,977
04/12/2008 As above Buy 60.856.90 44,625 44,625
04/12/2008 As above Buy 33,794.28 24,767 24,767
04/12/2008 As above Buy 14,222.45 10,429 10,429
04/12/2008 As above Buy 38,152.45 27,961 27,961
04/12/2008 As above Buy 16,055.31 11,773 11,773
04/12/2008 As above
04/12/2008 As above
Buy
Buy
267.44
111.83
196
82
196
82
04/12/2008 As above Buy 21,966.89 16,099 16,099
04/12/2008 As above Buy 9,243.44 6,778 6,778
04/12/2008 As above Sell 338,878.00 $-250,000$ 250,000
08/12/2008 As above Buy 861.47 605 605
08/12/2008 As above Buy 202.19 142 142
08/12/2008 As above Buy 227.83 160 160
08/12/2008 As above Buy 1.42 $\mathbf{1}$ $\mathbf{1}$
08/12/2008 As above Buy 131.00 92 92
09/12/2008 As above Buy 881.12 606 606
09/12/2008 As above Buy 205.01 141 141
09/12/2008 As above Buy 232.64 160 160
09/12/2008 As above Buy 1.45 1 $\mathbf{1}$
09/12/2008 As above Buy 133.76 92 92
22/12/2008 As above Buy 12,942.44 9,083 9,083
22/12/2008 As above Buy 3,025.07 2.123 2,123
22/12/2008 As above Buy 3,415.51 2,397 2,397
22/12/2008 As above Buy 24.23 17 17
22/12/2008 As above Buy 1,966.37 1,380 1,380
23/12/2008 As above
24/12/2008 As above
Buy
Buy
7,420.35
856.81
5,000
606
5,000
606
24/12/2008 As above Buy 199.36 141 141
24/12/2008 As above Buy 226.22 160 160
24/12/2008 As above Buy 1.41 1
24/12/2008 As above Buy 130.07 92 92
29/12/2008 As above Buy 14,750.46 10,000 10,000
30/12/2008 As above Buy 22,542.32 15,000 15,000
27/01/2009 As above Buy 7,269.94 5,000 5,000
05/02/2009 As above Buy 6.568.02 5,000 5,000
18/02/2009 As above Buy 25,689.56 19,707 19,707
18/02/2009 As above Buy 9,205.85 7,062 7,062
18/02/2009 As above Buy 10,814.46 8,296 8,296
18/02/2009 As above Buy 362.39 278 278
18/02/2009 As above Buy 6,070.75 4,657 4,657
20/02/2009 As above Buy 12,538.27 8,868 8,868
20/02/2009 As above Buy 4,493.30 3,178 3,178
20/02/2009 As above Buy 5,278.01 3,733 3,733
20/02/2009 As above
20/02/2009 As above
Buy 176.83
2,963.49
125
2,096
125
23/02/2009 As above Buy
Buy
28.653.73 19.707 2,096
19 707
Date of Change Holder of relevant interest Nature of Change Consideration Number of securities Person's Votes Affected
23/02/2009 As above Buy 10,269.51 7,063 7,063
23/02/2009 As above Buy 12,062.28 8,296 8,296
23/02/2009 As above Buy 402.97 277 277
23/02/2009 As above Buy 6,771.22 4,657 4,657
03/03/2009 As above Buy 26,913.21 19,171 19,171
03/03/2009 As above Buy 12,251.39 8,727 8,727
03/03/2009 As above Buy 13,078.27 9,316 9,316
03/03/2009 As above Buy 68.79 49 49
03/03/2009 As above Buy 8,053.89 5,737 5,737
10/03/2009 As above Buy 13,308.50 9,480 9,480
10/03/2009 As above Buy 6,059.02 4,316 4,316
10/03/2009 As above Buy 6,466.13 4.606 4,606
10/03/2009 As above Buy 33.69 24 24
10/03/2009 As above Buy 3,981.32 2,836 2,836
12/03/2009 As above Buy 4.971.77 3.567 3,567
12/03/2009 As above Buy 2,263.56 1,624 1,624
12/03/2009 As above Buy 2,415.49 1,733 1,733
12/03/2009 As above Buy 12.54 9
12/03/2009
17/03/2009 As above
As above Buy
Buy
1,487.21
17,726.19
1,067
12,449
1,067
12,449
17/03/2009 As above Buy 2,944.08 2,096 2,096
17/03/2009 As above Buy 1,340.01 954 954
17/03/2009 As above Buy 1,429.91 1,018 1,018
17/03/2009 As above Buy 72.62 51 51
17/03/2009 As above Buy 7.02 5 5
17/03/2009 As above Buy 880.69 627 627
18/03/2009 As above Buy 61,953.48 42,586 42,586
18/03/2009 As above Buy 6,460.70 4,441 4,441
18/03/2009 As above Buy 7,912.58 5.439 5,439
18/03/2009 As above Buy 69.83 48 48
18/03/2009 As above Buy 4,249.43 2,921 2,921
19/03/2009 As above Buy 6,795.30 4,671 4,671
19/03/2009 As above Buy 708.48 487 487
19/03/2009 As above Buy 868.51 597 597
19/03/2009 As above Buy 7.27 5 5
19/03/2009 As above Buy 465.53 320 320
20/03/2009 As above Buy 4,380.36 3,011 3,011
20/03/2009 As above Buy 456.81 314 314
20/03/2009 As above
20/03/2009 As above
Buy
Buy
560.09
4.35
385
3
385
3
20/03/2009 As above 301.14 207 207
Buy 41,150.88 28,483 28,483
24/03/2009 As above
24/03/2009 As above
Buy
Buy
4,292.35 2,971 2,971
24/03/2009 As above Buy 5,256.01 3,638 3,638
24/03/2009 As above Buy 46.23 32 32
24/03/2009 As above Buy 2,823.04 1,954 1,954
27/03/2009 As above Buy 10,512.78 7,904 7,904
27/03/2009 As above Buy 4,864.77 3,657 3,657
27/03/2009 As above Buy 5,437.82 4,088 4,088
27/03/2009 As above Buy 29.86 22 22
27/03/2009 As above Buy 3,183.47 2,393 2,393
30/03/2009 As above Buy 17,224.43 11,522 11,522
30/03/2009 As above Buy 1,796.89 1,202 1,202
30/03/2009 As above Buy 2,200.52 1,472 1,472
30/03/2009 As above Buy 19.44 13 13
30/03/2009 As above Buy 1,182.48 791 791
02/04/2009 As above Buy 110,690.78 69,140 69,140
02/04/2009 As above Buy 11,544.56 7,211 7,211
02/04/2009 As above
02/04/2009 As above
Buy
Buy
14,134.94
123.28
8.829
77
8,829
77
02/04/2009 As above Buy 7,593.39 4,743 4,743

$\mathcal{O}(\mathbb{R}^n)$