604 page 112 15 July 2001

Form 604

Corporations Act 2fl)1

Section 6718

Notice of change of interests of substantial holder

BRADKEN LIMITEDTo Company Name/Scheme

AC N /A RSN

1. Details of sub$amial holder(I)

Name PARADICE TNVESTMENTACN/ARSN (if applicable) ABN 64 090 148 61 I

MANAGEMENT PTY LTD

There was a change in the interests of thesubstantial holder on

The previous notice was given to the company on

The previous notice was dated

2. Previous and present voting power

a6 /09 /16

75;0,-8/16

23 fr8 116

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 Votino oower {5) Person's vote: Votinq power (5)

FPO 9,250,690 s.409% 11,354,442 6.6390/o

3. Changes in relevant interests

Particularsofeachchangein, orchangeinthenatureof,arelevanlinterestofthesubstantialholderoranassociateinvotingsecuritiesofthecompanyorscheme,sincethesubstantial holder was last required t0 give a substantial holding notice to the company or scheme are as follows:

Date ofchange

Person whoserelevant interest

changed

Nature ofchange (6)

Considerationgiven in relation

to change (7)

CIass andnumber ofsecuritiesaffected

Person's votes

affected

SEE ANNEXURE

4. Present relevant interests

Particulars 0f each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevant

interest

Registeredholder ofsecurities

Person entitledto be registered

as holder (B)

Nature ofrelevant

interest (6)

Class andnumber ofsecurities

FPO

Person's voles

SEE ANNEXURE 1

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604 page 212 15 July 200,1

5. Changes in association

The persons who have become associates (2) of, ceased t0 be assocrates of, or have changed the nature oftheir association (9) with, the substantial holder in relation to votingjnterests jn the company or scheme are as fojlows:

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

6. Addresses

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

Name Address

Paradice lnvestment Mgt P/L L12, 139 Macquarie Street, SYDNEY NSW 2000

Signature

print

sign

capacity COMPANY SECRETARY

date 08/ 09 /16

DIRECTIONS

lf there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, 0r the manager and trustee of an

equitytrust),thenamescouldbeincludedinanannexuretotheform. lftherelevantinterestsofagroupofpersonsareessentiallysimilar,theymaybereferredtothroughout the form as a specifically named group if the membershjp of each group, with the names and addresses of members is clearly set out in paragraph 6 0f theform.

See the definition of "associate" if section I of the Corporations Act 2001.

See the definition of ielevant interest" in sections 608 and 671 B(7) of the Corporatlons Act 2001 .

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

The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

lnclude details of:

(a) anyrelevantagreement0rothercircumstancesbecause0fwhichthechangeinrelevantinterestoccurred. lfsubsection6TlB(4)applies,acopyofanydocument setting out the terms of any relevant agreement, and a statement by the person giving full and accurate delails 0f any contract, scheme 0r

arrangement, must accompary this form, together with a written statement certifying this contract, scheme or arrangement; and

(b) any qua I i fication of the power of a person to exerci se, control the exerc i se of, or i nfluence the exercise of, the voti ng powers or d isposal of the securi ti es t0which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section I 0f the Corporations Act 2001.

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, becom'eentitledtoreceiveinrelationt0thatacquisition. Detailsmustbeincludedevenifthebenefitisconditional onthehappeningornotofac0ntingency. Detailsmustbeincluded of any benefit paid on behalf of the substantial ho{der or its associate in relation to the acquisiti0ns, even if they are not paid directly t0 the person from whomthe relevant interest was acquired.

lf the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

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

klname PETER MANLEY

(r)

(2)

(3)

(4)

(s)

(6)

0)

(8)

(s)

here

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