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Perpetual Limited Major Shareholding Notification 2007

Jan 24, 2007

10538_rns_2007-01-24_94256840-bd47-4946-b644-345958598215.pdf

Major Shareholding Notification

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Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme GUNNS LIMITED
ACN/ARSN 009 478 148
1.
Details of substantial holder (1)
Name PERPETUAL LIMITED and subsidiaries
ACN (if applicable) 000 431 827
There was a change in the interests of the
Substantial holder on
24 / 01 / 2007
The previous notice was given to the company on 23 / 11 / 2006
The previous notice was dated 21 / 11 / 2006

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 Present notice
Person's votes Voting power (5) Person's votes Voting power (5)
Ordinary 46,418,750 13.12% 42,709,512 12.07%

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 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 3

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
Person entitled
to be registered
as holder (8)
Nature of relevant
interest $(6)$
Class and
number of
securities
Person's votes
Refer annexure 1 & 2

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

Name and ACN (if applicable) Nature of association
Refer to Annexure 1

6. Addresses

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

Name Address
Refer to Annexure 1

Signature

Print name GLENDA CHARLES

Capacity

ASST. COMPANY SECRETARY

ANNEXURE 1 - Perpetual Investments Account Codes & Details

Perpetual Investments Management Limited (PIML), subsidiary of Perpetual Limited, as Responsible Entity for:

INTERNAL CODE ACCOUNT DETAILS REGISTRATION DETAILS
ALL 'PC' CODES RBC Dexia Investor Services AUST Noms Pty Limited
ACF: PIML (Select Investments)
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services AGST Noms Pty Limited
ACF: PIML (Select investments)
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
GSF RBC Dexia Investor Services AUST Noms Pty Limited
ACP: Perpetual Australia Share Fund
Account Code: PIGSP
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 5430 Sydney NSW 2001
ICAS RBC Dexia Investor Services AUST Noms Pty Limited
ACP: Perpetual Investor Choice Australian Asset Group
Account Code: PHCAS
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services AUST Noms Pty Limited

GPO Box 5430 Sydney NSW 2001
ICIS RBC Global Australia Nominees Pty Limited
ACP: Perpatual trivestor Choice Industrial Asset Group
Account Code: PISIND
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 5430 Sydney NSW 2001
ICSC RBC Daxia Investor Services AUST Noms Pty Limited
ACF: Perpetual Investor Choice Smaller Asset Group
Account Code: PISSCP
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services AUST Noms Pty Limited

GPO Box 5430 Sydney NSW 2001
PCEF RBC Dexia Investor Services AUST Noms Pty Limited
Account Code: PICEF
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 5430 Sydney NSW 2001
PIBIAS RBC Dexia Investor Services AUST Noms Pty Limited
ACF: Perpetisal Independent Australian Share Fund
Account Code: PIBIAS
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Servicas ABST Noms Pty Limited
ACP: Perpetual Independent Australian Share Fund
Account Code: PIBIAS
GPO Box 5430 Sydney NSW 2001
PIDIF RBC Dexia Investor Services AUST Noms Pty Limited
Account Code: PIDIF
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 5430 Sydney NSW 2001
PIDIF2 RBC Dexia Investor Services AUST Noms Pty Limited
Account Code: PIDIF2
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 5430 Sydney NSW 2001
PIEATP UBS Nomines Pty Ltd
ACP: Perpetual Equity Alpha Pund
Account code: PIEATF
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
8BS Naminee Pty Ltd

Lavel 25, 1 Parrer Place Govenor Phillip Tower
Sydney NSW 2000
PIWGAF UBS Nominee Pty Ltd
ACF: Perpetual Whotesale Geared Australian Share Fund
Account code: PIWGAF
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
BBS Naminee Pty Ltd

Lavel 25, 1 Parrer Place Govenor Phillip Tower
Sydney NSW 2000
PIWCPF RBC Global Australia Nominees Pty Limited
ACP: PI Protected Aust Share Fund A
Account code PIWCPF
GPO Box 5430 Sydney NSW 2001
88S Naminee Pty Ltd

Lavel 25, 1 Parrer Place Govenor Phillip Tower
Sydney NSW 2000
中心的 RBC Globaf Australia Nominees Pty Limited
ACP: Perpatual JP Whofesale Prop Income Fund
Account Code: PIW3PE
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 5430 Sydney NSW 2001
PIWOMN UBS Nominee Pty Ltd
ACP: Perpetual Q1 Market Noutral Pund
Account code: PIWQMN
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
88S Naminee Pty Ltd

Lavet 25, 1 Parrer Place Govenor Phillip Tower
Sydney NSW 2000
PIWSPF UBS Nominee Pty Ltd
ACP: Perpetual Whotesale Share Plus Pund
Account code PIWSPP
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
UBS Naminee Pty Ltd

Lavet 25, 1 Parrer Place Govenor Phillip Tower
Sydney NSW 2000
PIWOLS UBS Nominee Pty Ltd
ACF: Perpetual Qi Long Short Fund
Account cade: PIWQLS
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
88S Naminee Pty Ltd

Lavel 25, 1 Farrer Place Govenor Phillip Tower
Sydney NSW 2000
PMISF1 RBC Dexia Investor Services AUST Noms Pty Limited
ACF: Perpatual's Industrial Share Fund One
Account Code: PIISF1
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 5430 Svdnev NSW 2001
PMISF2 RBC Dexia Investor Services AUST Noms Pty Limited
ACP: Perpatual's Industrial Share Pund Two
Account Code: PIISP2
GPO Box 5430 Sydney NSW 2000
RBC Dexia Investor Services ABST Norns Pty Limited

GPO Box 5430 Sydney NSW 2001
PMISE.F RBC Dexia Investor Services AUST Noms Pty Limited
ACF: Perpetual's Industrial Share Fund
Account Code: PIISP3
GPO Box 5430 Sydnay NSW 2030
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 5438 Sydney NSW 2801
PMSCA RBC Dexia Investor Services AUST Noms Pty Limited
ATP: Perpetual's Smaller Companies Analyst Fund
Account Code: PISCA
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 5430 Sydney NSW 2001
PMWSCM RBC Global Australia Nominees Pty Limited
ACP: Perroetual Wholesale Smaller Companies (M)
Account Code: PIWSCM
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 5430 Sydney NSW 2001
PMWSCS RBC Global Australia Nominees Pty Limited
ACF: Perpetual Wholesafe Smaller Companies (S)
Account Code: PIWSCS
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 5430 Sydney NSW 2001
PMWSRF RBC Global Australia Nominees Pty Limited
ACF: Perpetual Wholesael Ethical Pund
Account Code: PIWSRF
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Servicas ABST Noms Pty Limited

GPO Box 5430 Sydney NSW 2001
PPSF RBC Dexia Investor Services AUST Noms Pty Limited
ATF: Perpetual James Fielding Wholesale Property Securities Fund
Account Code: PIPSF
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 5430 Sydney NSW 2001
PWSCF RBC Global Australia Nominees Pty Limited
ACF: Perpetual Wholesale Smaller Co Fund
Account Code: PIWSCF
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 5430 Sydney NSW 2001

Perpetual Investments Management Limited (PIME), subsidiary of Perpetual Limited, as Trustee for:

ALL 'SS' CODES RBC Dexia Investor Services AUST Noms Pty Limited
ACP: PIML (Select Super)
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited
ACP: PIME (Select Super)
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
---------------- -------------------------------------------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------

Perpetual Investments Management Limited (PIML), subsidiary of Perpetual Limited, under Investment Management Agreements with:

INTERNAL CODE ACCOUNT DETAILS REGISTRATION DETAILS
AMCORP National Nominees Ltd ACF: IOOF Account
Account Code: PRANC
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
National Australia Custodian Services
A/C ATPPAC 8822 - 16
5th Ploor South 271 Coltins Street
Melbourne VsC 3000
ARF JP Morgan Chase Nominees Ltd
ACF: Australian Retirement Fund
Account Code: PIARF
RBC Dexia Investor Services AUST Noms Ptv Limited
GPO Box 5430 Sydney NSW 2001
JP Morgan Chase Nominees
A/C 13415
Locked Bag 7 Royal Exchange
Sydney NSW 2000
CBAISF Citicorp Nominees Pty Etd.
ACF: Commonwealth Aust Shares Fund 4
Account Code:PtCISF
RBC Dexia Investor Services AUST Noms Ptv Limited
GPO Box 5430 Sydney NSW 2001
Citicorp Nominees Pty Etd
AIC EASSIM
GPO Box 764G
Melbourne VIC 3001
NSWTC Cogent Naminees Pty Ltd
ACP: NSW Treasury Corporation
Account Code: PINSWT
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
Cogent Nominees Pty Limited
A/C HGPPTE
P.O. Box R209 Royal Exchange
Sydney NSW 1225
PIACT JP Morgan Chase Nominees Ltd
ACP: Australian Capital Territory Treasury
Account Code: PIACT
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
JP Morgan Chase Numinees
A/C 32512
Locked Bag 7, Royal Exchange Sydney NSW 2000
PICATS RBC Dexia Investor Services AUST Noms Pty Limited
ACP: Catholic Superannuation Fund
Account Code: PICATS
GPO Box 5430 Sydney NSW 2001
National Australia Custodian Services
A/C COPMUT/8536-28
5th Ploor South 271 Coltins Street
Melbourne VIC 3000
PIEFM6 Cogent Naminees Pty Ltd
ACF: EFM Australian Share Fund 6
Account Code: PIEFM6
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
Cogent Nominees Pty Limited
A/C WTXME6
P.O. Box R209 Royal Exchange
Sydney NSW 1225
中臣日 National Nominees Limited
ACF: Piji National Provident Pund
Account Code: PIFIJI
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
National Australia Custodian Services
A/C PNPEAE/9353-16
5th Ploor South 271 Coltins Street
Melbourne V/C 3000
PIHEST RBC Dexia Investor Services AUST Noms Pty Limited
ACF: 142ST Australia Limited
Account Code: PIHEST
GPO Box 5430 Sydney NSW 2001
JP Morgan Chase Numinees
A/C 33112
Encked Bag 7, Royal Exchange
Sydney NSW 2000
PIJUTD Permanent Trustees Australia Ltd
ACP: PI United Sector Leaders Property Fund
Account Code: SMF0024
RBC Global Services Australia Pty Limited
GPO Box 5430 Sydney NSW 2001
Cogent Nominees Pty Limited
PO Box R209, Royal Exchange
Sydney NSW 1225
PIMIT Guardian Trust Australia Ltd
ACP: Perpetual Cogent James Piekfing Mendian Investment Trust
Account code PRMT
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
Guardian Trust Australia Ltd

GPO Box 469 Sydney NSW 2001
PISTOP RBC Dexia Investor Services AUST Noms Pty Limited
ACF: SAS Trustee Corporation
Account Code: PISTCP
GPO Box 5430 Sydney NSW 2001
JP Morgan Chase Nominees
A/C 34893
Encked Bag 7, Royal Exchange
Sydney NSW 2000
PMCBUS National Nominees Ltd
ACF: Construction & Building Union Superannuation Fund
Account Code: PICBUS
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
National Australia Custodian Services
A/C CBPFAE/5267-15
5th Ploor South 271 Coltins Street
Melbourne VIC 3000
PMCGSF Citicorp Nomineas Pty Ltd
ACF: Commonwealth Aust Shares Fund 11
Account Code: PICGSF
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
Citicorp Nominees Pty Ltd
A/C EASS11
GPO Box 764G Melbourne VIC 3001
PMCPSF Citicarp Nominees Pty Ltd
ACF:Commonwealth Property Fund 3
Account Code: PICPSF
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
Citicorp Nominees Pty Etd
A/C EPSS03
GPO Box 764G Melbourne VIC 3001
PMFR Westpac Custodian Nominees
ACF: Frank Russell Investment Manadement
Account Code: PIMPR
RBC Global Services Australia Nominees Pty Limited
GPO Box 5430 Sydney NSW 2001
Westpac Custodian Nominaes State Street Fund
BQ8D
Level 9 / 50 Pitt Street
Sydney NSW 2000
PMHOST 3P Morgan Chase Nominees Limited
ACF: Hast - Plus Pty Ltd
Account Code: PHOST
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
JP Morgan Chase Nominees
A/C 20004
Locked Bag 7 Royal Exchange
Sydney NSW 2000
PML Perpetual Management Limited
Account Code: PTPML
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 543D
Sydney NSW 2001
PMSTA National Nominees Limited
ACP: Super Trust of Australia
Account Code: PISTA
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
National Australia Custodian Services
A/C: 5498-10 STPAAE
5th Ploar South 271 Coltins Street
Melbourne VIC 3000
PNOM Parpetual Nominees Pty Limited
Account Code: PTPNOM
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Bax 543D
Sydney NSW 2001
PTAL Perpetual Australia Co Limited
Account Code: PTPAL
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430, Sydnay NSW 2000
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 543D
Sydney NSW 2001
PTAN Perpetual Nomineas Limited
Account Code: PTPAN
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 543D
Sydney NSW 2001
PTCO Perpetual Trustee Collumited
Account Code: PTPCO
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 543D
Sydney NSW 2001
PTGEN Perpetual Trustee Services General A/C
Account Code: PTPGEN
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 5430
Sydney NSW 2001
PTNM P.T.A. Nomineas Limited
ATF: Perpetual Trustees Nominees Limited
Account Code: PTPNM
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 543D
Sydney NSW 2001
PTOLD Perpetual Trisstee Queensland Limited
Account Code: PTPQLD
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 5430
Sydney NSW 2001
PTVIC Parpetual Trustee Victoria Limited
Account Code: PTNM
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 543D
Sydney NSW 2001
PTWA Percetual Trustee WA Limited
Account Code: PTPWA
RBC Dexia Investor Services AUST Noms Ptv Limited
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 543D
Sydney NSW 2001
OITE2 RBC Dexia Investor Services AUST Noms Pty Limited
AFT: Quantitative Investments TE 2 Equity Fund
Account Code: PROTE2
GPO Box 5430 Sydney NSW 2001
RBC Dexia Investor Services ABST Noms Pty Limited

GPO Box 5430 Sydney NSW 2001
SMF Permanent Trustees Australia Ltd
ACF: SMF Funds Management
Account Code: PISMF
RBC Global Services Australia Pty Limited
GPO Box 5430 Sydney NSW 2001
Cagent Nominees Pty Limited
PO Box R209 Royal Exchange
Sydney NSW 1225
Τ2 Perpetual Trustee Company Limited
(Private Client Division)
Perpetual Trustee Company Limited
GPO Box 4172 Sydnay NSW 2031
Perpetual Trustees Victoria Limited
(Private Client Division)
Perpekaal Trustee Company Limited
GPO Box 4172 Sydnay NSW 2031
T4 Parpetual Trustees Queensland Limited
(Private Client Division)
Perpetual Trustee Company Limited
GPO Box 4172 Sydnay NSW 2031
Perpetual Trustees WA Limited
(Private Client Division)
Perpetual Trustee Company Limited
GPO Box 4172 Sydnay NSW 2031
TZ Perpetual Trustee Company Canberra Limited
(Private Client Division)
Perpekual Trustee Company Limited
GPO Box 4172 Sydney NSW 2001
TEL National Nominees Limited
ACP: Tefstra Superannuation Pty Eimited
Account Code: PHYEL
RBC Dexia Investor Services AUST Noms Pty Limited
GPO Box 5430 Sydney NSW 2001
National Australia Custodian Services
A/C 3093-15 TSPPAE
5th Ploar South 271 Coltins Street
Melbourne VsC 3000

Perpetual Esinited
GPO BOX 4172
Sydnay NSW 2031

ANNEXURE 2

PRESENT RELEVANT INTERESTS

Sumner (Panamer Missis)
Fie
اند التا
GNS (Gunns Ltd) B
Portfolios
Forblo Euro Holding:
V ISS PM 3,665,191
ICAS المحمقا 496,926
ICIS حميو PM 2,879,934
$\nu$ icsc PM. 5,204,490
NSWTC هنگا PM 355,311
SMF همما PM. 162,417
TEL محمد РM 774.427
PMCGSF PM 397,355
PMWSCM PM 2,179,345
PMWSCS هن PM 1,815,888
s CBAISF PM. 2,570,371
MISF2 PMISF PM 18,569,685
PIWGAF PM 1,044,001
PIWSPF هم PM. 131,678
PCCCM حمي РC 146.213
PIEFM6 هي 2,240,088
PIEATF حمق PM 1,181
PIAEA1 محمد 75,011

ANNEXURE 3

CHANGES IN RELEVANT INTERESTS

Account Security Volume Value Price AsAtDate
AMCORP GNS 7,735 21,349 \$
2.76
22/11/2006
AMCORP GNS 63 173 \$
2.74
22/11/2006
AMCORP GNS 4,718 13,031 \$
2.76
22/11/2006
AMCORP GNS 1,750 4,830 \$
2.76
23/11/2006
AMCORP GNS 2,953 $\frac{1}{2}$ 8,317 \$
2.82
27/11/2006
AMCORP GNS 5,033 $\frac{1}{2}$ 13,841 \$
2.75
28/11/2006
AMCORP GNS 375,785 $\tilde{\phantom{a}}$ 1,082,261 \$
2.88
05/12/2006
ARF GNS 20,306 56,083 \$
2.76
22/11/2006
ARF GNS 269 737 \$
2.74
22/11/2006
ARF GNS 33,287 91,872 \$
2.76
22/11/2006
ARF GNS 13,387 36,948 \$
2.76
23/11/2006
ARF GNS $12,613 -$ 35,526 \$
2.82
27/11/2006
ARF GNS 21,381 58,798 \$
2.75
28/11/2006
ARF GNS. 1,618,000 $\blacksquare$ 4,773,100 \$
2.95
12/12/2006
ARF GNS 458 - 1,388 \$
3.03
14/12/2006
GSF GNS 98,258 271,192 \$
2.76
22/11/2006
GSF GNS 59,936 165,537 \$
2.76
22/11/2006
GSF GNS 795 2,178 \$
2.74
22/11/2006
GSF GNS 35,522 98,041 \$
2.76
23/11/2006
GSF GNS 57,903 $\overline{\phantom{a}}$ 163,090 \$
2.82
27/11/2006
GSF GNS 94,629 $\tilde{\phantom{a}}$ 260,230 \$
2.75
28/11/2006
GSF GNS 967,052 $\sim$ 3,162,260 \$
3.27
19/01/2007
GSF GNS 313,169 $_{\rm m}$ 1,017,799 \$
3.25
22/01/2007
GSF GNS 125,107 407,098 \$
3.25
24/01/2007
NSWTC GNS 7,786 21,504 \$
2.76
22/11/2006
NSWTC GNS 12,765 35,231 \$
2.76
22/11/2006
NSWTC GNS 103 282 \$
2.74
22/11/2006
NSWTC GNS 77,000 $\overline{a}$ 212,520 \$
2.76
23/11/2006
NSWTC GNS 12,460 $\frac{1}{2}$ 34,928 \$
2.80
24/11/2006
NSWTC GNS 9,431 $\frac{1}{2}$ 25,935 \$
2.75
28/11/2006
NSWTC GNS 70 $\blacksquare$ 211 \$
3.02
18/12/2006
NSWTC GNS 30,710 $\blacksquare$ 92,950 \$
3.03
18/12/2006
NSWTC GNS 103,292 $\blacksquare$ 337,765 \$
3.27
19/01/2007
NSWTC GNS 29,573 96,112 \$
3.25
22/01/2007
NSWTC GNS 13,721 44,648 \$
3.25
24/01/2007
ICAS GNS 7,982 22,045 \$
2.76
22/11/2006
ICAS GNS 106 290 \$
2.74
22/11/2006
ICAS GNS 13,085 36,115 \$
2.76
22/11/2006
ICAS GNS 2,895 7,990 \$
2.76
23/11/2006
ICAS GNS 8,470 $\overline{\phantom{a}}$ 23,857 \$
2.82
27/11/2006
ICAS GNS 14,378 $\blacksquare$ 39,540 \$
2.75
28/11/2006
ICAS GNS 35,644 $\overline{\phantom{a}}$ 107,884 \$
3.03
18/12/2006
ICAS GNS
$82 -$
248 \$
3.02
18/12/2006
ICAS GNS
136,677
$\blacksquare$ 446,934 \$
3.27
19/01/2007
ICAS GNS
42,597
$\blacksquare$ 138,440 \$
3.25
22/01/2007
ICAS GNS 17,373 $\overline{\phantom{a}}$ 56,532 \$
3.25
24/01/2007
PIEFM6 GNS 2,543 7,070 \$
2.78
29/11/2006
PIEFM6 GNS 1,199 3,273 \$
2.73
29/11/2006
PIEFM6 GNS 49,983 142,517 \$
2.85
30/11/2006
PIEFM6 GNS 23,904 68,437 \$
2.86
01/12/2006

This is annexure 3 Page 1 of 4 referred to in Form 604
Title: Notice of change in interest of substantial holder

PIWGAF GNS 293 803 \$
2.74
22/11/2006
PIWGAF GNS 22,088 61,005 \$
2.76
22/11/2006
PIWGAF GNS 36,208 99,934 \$
2.76
22/11/2006
PIWGAF GNS 11,750 32,430 \$
2.76
23/11/2006
PIWGAF GNS 16,128 $\frac{1}{2}$ 45,426 \$
2.82
27/11/2006
PIWGAF GNS 23,365 $\blacksquare$ 64,254 \$
2.75
28/11/2006
PIWGAF GNS $95,368 -$ 265,123 \$
2.78
29/11/2006
PIWGAF 19,084 \$
GNS 57,819 3.03 18/12/2006
PIWGAF GNS 382,570 $\blacksquare$ 1,251,004 \$
3.27
19/01/2007
PIWGAF GNS 89,928 $\frac{1}{2}$ 292,266 \$
3.25
22/01/2007
PIWGAF GNS 37,600 $\overline{\phantom{a}}$ 122,350 \$
3.25
24/01/2007
PIFIJI GNS 34 93 \$
2.74
22/11/2006
PIFIJI GNS 2,538 7,010 \$
2.76
22/11/2006
PIFIJI GNS 4,159 11,479 \$
2.76
22/11/2006
PIFIJI GNS 1,084 2,992 \$
2.76
23/11/2006
PIFIJI GNS 718 $\blacksquare$ 2,022 \$
2.82
27/11/2006
PIFIJI GNS 1,006 $\overline{\phantom{a}}$ 2,767 \$
2.75
28/11/2006
PIFIJI GNS 118,162 355,668 \$
3.01
20/12/2006
PIWSPF GNS 32 88 \$
2.74
22/11/2006
PIWSPF GNS 2,383 6,582 \$
2.76
22/11/2006
PIWSPF GNS 3,907 10,783 \$
2.76
22/11/2006
PIWSPF GNS 1,363 3,762 \$
2.76
23/11/2006
PIWSPF GNS 3,861 $\overline{ }$ 10,875 \$
2.82
27/11/2006
PIWSPF GNS 3,544 $\overline{ }$ 9,746 \$
2.75
28/11/2006
PIWSPF GNS 23 $\overline{a}$ 69 \$
3.02
18/12/2006
PIWSPF GNS 10,183 30,821 \$
3.03
18/12/2006
PIWSPF GNS 12,125 36,130 \$
2.98
02/01/2007
PIWSPF GNS 33,066 $\overline{\phantom{a}}$ 108,126 \$
3.27
19/01/2007
PIWSPF GNS 11,698 $\frac{1}{2}$ 38,019 \$
3.25
22/01/2007
PIWSPF GNS 4,627 15,056 \$
3.25
24/01/2007
PMCGSF GNS 12,728 35,129 \$
2.76
22/11/2006
PMCGSF GNS 103 282 \$
2.74
22/11/2006
PMCGSF GNS 7,765 21,446 \$
2.76
22/11/2006
PMCGSF GNS 3,003 8,288 \$
2.76
23/11/2006
PMCGSF GNS 4,554 12,827 \$
2.82
27/11/2006
PMCGSF GNS 7,950 21,863 \$
2.75
28/11/2006
PMCGSF GNS 39,546 $\overline{\phantom{a}}$ 119,694 \$
3.03
18/12/2006
PMCGSF GNS 91 $\frac{1}{2}$ 275 \$
3.02
18/12/2006
PMCGSF GNS - 119,259 $\overline{a}$ 389,977 \$
3.27
19/01/2007
PMCGSF GNS 34,469 $\frac{1}{2}$ 112,024 \$
3.25
22/01/2007
PMCGSF GNS 15,131 $\frac{1}{2}$ 49,236 \$
3.25
24/01/2007
CBAISF GNS 75,030 208,583 \$
2.78
29/11/2006
CBAISF GNS 1,196 3,265 \$
2.73
29/11/2006
CBAISF GNS 40,936 116,721 \$
2.85
30/11/2006
CBAISF GNS 47,967 137,330 \$
2.86
01/12/2006
CBAISF GNS 49,650 153,364 \$
3.09
09/01/2007
CBAISF GNS 34,493 108,919 \$
3.16
15/01/2007
ICIS GNS 17,795 49,470 \$
2.78
29/11/2006
ICIS GNS 1,516 4,139 \$
2.73
29/11/2006
ICIS GNS 63,011 179,663 \$
2.85
30/11/2006
ICIS GNS 35,734 102,306 \$
2.86
01/12/2006
ICIS GNS 61,137 192,997 \$
3.16
15/01/2007
ICSC GNS 9,140 25,066 \$
2.74
28/11/2006
ICSC GNS 79,002 $\blacksquare$ 244,938 \$
3.10
15/12/2006
ICSC GNS 179,530 537,190 \$
2.99
03/01/2007
ICSC GNS 111,255 326,800 \$
2.94
04/01/2007

This is annexure 3 Page 2 of 4 referred to in Form 604
Title: Notice of change in interest of substantial holder

ICSC GNS 121,057 368,340 \$
3.04
08/01/2007
ICSC GNS 73,207 223,860 \$
3.06
10/01/2007
ICSC GNS 41,180 127,728 \$
3.10
11/01/2007
ICSC GNS 75,142 - 218,040 \$
2.90
04/12/2006
ICSC GNS 110,048
$\sim$
319,238 \$
2.90
07/12/2006
ICSC GNS ÷ 15,774 49,545 \$
3.14
15/01/2007
ICSC GNS ÷ 28,476 91,123 \$
3.20
18/01/2007
ICSC GNS 84,079 274,879 \$
3.27
22/01/2007
PMISF2 GNS 596,070 1,699,574 \$
2.85
30/11/2006
PMISF 2 GNS 221,559 634,323 \$
2.86
01/12/2006
PMSCA GNS 75,011
$\overline{\phantom{a}}$
213,031 \$
2.84
29/11/2006
PMWSCM GNS 40,860 112,054 \$
2.74
28/11/2006
PMWSCM GNS 120,998 - 375,142 \$
3.10
15/12/2006
PMWSCM GNS 120,470 360,470 \$
2.99
03/01/2007
PMWSCM GNS 82,712 242,958 \$
2.94
04/01/2007
PMWSCM GNS 82,160 249,988 \$
3.04
08/01/2007
PMWSCM GNS 58,461 178,768 \$
3.06
10/01/2007
PMWSCM GNS 27,152 84,217 \$
3.10
11/01/2007
PMWSCS GNS 76,747
$\blacksquare$
222,697 \$
2.90
04/12/2006
PMWSCS GNS $\overline{\phantom{a}}$ 89,952
$\blacksquare$
260,942 \$
2.90
07/12/2006
PMWSCS GNS $\overline{\phantom{a}}$ 34,226
$\blacksquare$
107,500 \$
3.14
15/01/2007
PMWSCS GNS ÷ 21,524 68,877 \$
3.20
18/01/2007
PMWSCS GNS 65,921 215,516 \$
3.27
22/01/2007
SMF GNS 5,164 14,253 \$
2.76
22/11/2006
SMF GNS 3,151 8,703 \$
2.76
22/11/2006
SMF GNS 42 115 \$
2.74
22/11/2006
SMF GNS 1,003 2,768 \$
2.76
23/11/2006
SMF GNS 2,019 5,687 \$
2.82
27/11/2006
SMF GNS 3,439 9,457 \$
2.75
28/11/2006
SMF GNS 8,300 24,830 \$
2.99
12/12/2006
SMF GNS 4,017 12,453 \$
3.10
15/12/2006
SMF GNS 30
$\overline{\phantom{a}}$
91 \$
3.02
18/12/2006
SMF GNS 13,266
$\overline{\phantom{a}}$
40,152 \$
3.03
18/12/2006
GNS 46,240 \$
SMF $\overline{r}$ $\blacksquare$ 151,205 3.27 19/01/2007
SMF GNS 13,787 44,808 \$
3.25
22/01/2007
SMF GNS 6,303 20,510 \$
3.25
24/01/2007
TEL GNS 22,361 61,716 \$
2.76
22/11/2006
TEL GNS 13,641 37,675 \$
2.76
22/11/2006
TEL GNS 181 496 \$
2.74
22/11/2006
TEL GNS 5,243 14,471 \$
2.76
23/11/2006
TEL GNS 9,289
$\overline{\phantom{a}}$
26,163 \$
2.82
27/11/2006
TEL GNS 15,837 43,552 \$
2.75
28/11/2006
TEL GNS 161
$\overline{a}$
486 \$
3.02
18/12/2006
TEL GNS 70,194 212,456 \$
3.03
18/12/2006
TEL GNS 211,524 691,683 \$
3.27
19/01/2007
TEL GNS $\overline{ }$ 65,796
$\blacksquare$
213,837 \$
3.25
22/01/2007
TEL GNS 30,117
$\overline{\phantom{a}}$
98,001 \$
3.25
24/01/2007
PIEATF GNS 57 157 \$
2.76
22/11/2006
PIEATF GNS 93 257 \$
2.76
22/11/2006
PIEATF GNS $\mathbf 1$ 3 \$
2.74
22/11/2006
PIEATF GNS 76
$\overline{a}$
214 \$
2.82
27/11/2006
PIEATF GNS 7 19 \$
2.75
28/11/2006
PIEATF GNS 80 238 \$
2.98
13/12/2006
PIEATF GNS 231 705 \$
3.05
14/12/2006
PIEATF GNS 320
$\overline{\phantom{a}}$
1,046 \$
3.27
19/01/2007
PIEATF GNS 115
$\overline{\phantom{a}}$
374 \$
3.25
22/01/2007

This is annexure 3 Page 3 of 4 referred to in Form 604
Title: Notice of change in interest of substantial holder

PIEATF GNS 21 $\blacksquare$ 68 \$
3.25
24/01/2007
PIBIAS GNS 2 5 \$
2.74
22/11/2006
PIBIAS GNS 153 423 \$
2.76
22/11/2006
PIBIAS GNS 250 690 \$
2.76
22/11/2006
PIBIAS GNS 20,000 55,000 \$
2.75
24/11/2006
PIBIAS GNS $\overline{\phantom{m}}$ 31,416 $\blacksquare$ 88,486 \$
2.82
27/11/2006
PIAEA1 GNS 75,011 213,031 \$
2.84
29/11/2006
PMSTA GNS 458 1,388 \$
3.03
14/12/2006
PMSTA GNS $\overline{a}$ з \$
3.02
18/12/2006
PMSTA GNS 457 $\blacksquare$ 1,383 \$
3.03
18/12/2006