Credit : Ceasing to be a substantial holder from NAB

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder To: Company Name/Scheme ACN The Secretary Credit Corp Group Limited Level 15 201 Kent Street Sydney NSW 2000 Ph: [phone] Fax: [phone] 697 151 CCP

1. Details of substantial holder

   Name & ACN (if applicable)

   National Australia Bank Limited and its associated entities listed in Annexure A (ACN 004 044 937)

   The holder ceased to be a substantial holder on

   01/03/2017

   The previous notice was given to the company on

   09/02/2017

   The previous notice was dated (d/m/y)

   06/02/2017

2. 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	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
   Fully paid ordinary shares
   14/02/2017	Antares Capital Partners Limited	Sale	$32,544.69	2,000	2,000
   21/02/2017	Antares Capital Partners Limited	Sale	$24,727.99	1,500	1,500
   23/02/2017	Antares Capital Partners Limited	Sale	$32,969.66	2,000	2,000
   24/02/2017	Antares Capital Partners Limited	Sale	$24,911.64	1,500	1,500
   28/02/2017	Antares Capital Partners Limited	Sale	$16,533.30	1,000	1,000
   7/02/2017	MLC Investments Limited	Purchase	$608,720.21	36,000	36,000
   8/02/2017	MLC Investments Limited	Purchase	$612,423.04	36,000	36,000
   13/02/2017	MLC Investments Limited	Purchase	$131,230.78	8,067	8,067
   20/02/2017	MLC Investments Limited	Sale	$33,274.48	2,000	2,000
   28/02/2017	MLC Investments Limited	Sale	$24,797.85	1,500	1,500
   13/02/2017	Antares Capital Partners Limited	Purchase	$438,135.45	26,933	26,933
   21/02/2017	MLC Wealth Management Limited	Sale	$6,847.67	414	414

   14/02/2017	MLC Wealth Management Limited	Purchase	$8,271.34	500	500
   21/02/2017	MLC Wealth Management Limited	Purchase	$18,208.67	1,103	1,103
   21/02/2017	MLC Wealth Management Limited	Purchase	$25,399.12	1,538	1,538
   20/02/2017	MLC Wealth Management Limited	Sale	$10,129.68	616	616
   07/02/2017 to 01/03/2017	National Australia Bank Limited	Securities Lending	No consideration directly referable to the securities provided by NAB	Refer to Appendix 1 Table	Refer to Appendix 1 Table
   13/02/2017	National Australia Bank Limited	Stock borrow - refer Appendix 2	No consideration directly referable to the securities provided by NAB	111,014	111,014
   15/02/2017	National Australia Bank Limited	Stock borrow - refer Appendix 2	No consideration directly referable to the securities provided by NAB	35,981	35,981
   17/02/2017	National Australia Bank Limited	Stock borrow - refer Appendix 2	No consideration directly referable to the securities provided by NAB	7,063	7,063
   21/02/2017	National Australia Bank Limited	Stock borrow - refer Appendix 2	No consideration directly referable to the securities provided by NAB	8,817	8,817
   13/02/2017	National Australia Bank Limited	Stock return - refer Appendix 2	No consideration directly referable to the securities provided by NAB	60,000	60,000
   20/02/2017	National Australia Bank Limited	Stock return - refer Appendix 2	No consideration directly referable to the securities provided by NAB	13,800	13,800
   22/02/2017	National Australia Bank Limited	Stock return - refer Appendix 2	No consideration directly referable to the securities provided by NAB	1,250	1,250
   23/02/2017	National Australia Bank Limited	Stock return - refer Appendix 2	No consideration directly referable to the securities provided by NAB	2,016	2,016
   24/02/2017	National Australia Bank Limited	Stock return - refer Appendix 2	No consideration directly referable to the securities provided by NAB	583	583
   27/02/2017	National Australia Bank Limited	Stock return - refer Appendix 2	No consideration directly referable to the securities provided by NAB	640	640
   28/02/2017	National Australia Bank Limited	Stock return - refer Appendix 2	No consideration directly referable to the securities provided by NAB	1,423	1,423
   1/03/2017	National Australia Bank Limited	Stock return - refer Appendix 2	No consideration directly referable to the securities provided by NAB	2,841	2,841

3. Changes in association

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

   Name and ACN (if applicable)	Nature of association
   National Australia Bank Limited ceasing to have a relevant interest following the disposal of its indirect shareholding in Pengana Holdings Pty Ltd, who controls Pengana Capital Limited, an investment manager of various unit trusts.

4. Addresses

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

Address
National Australia Bank Limited	Level 1 800 Bourke Street DOCKLANDS VIC 3008
Antares Capital Partners Limited	Ground Floor 105-153 Miller Street North Sydney NSW 2062
MLC Investments Limited	Ground Floor 105-153 Miller Street North Sydney NSW 2062
MLC Wealth Management Limited	Ground Floor 105-153 Miller Street North Sydney NSW 2062
Signature
Name		Elizabeth Melville-Jones	Capacity Company Secretary for and on behalf of National Australia Bank Limited
Signature		Date 06/03/2017

Appendix 1 - CCP

Type of agreement and parties to agreement	National Australia Bank Limited and		National Australia Bank Limited and
	Securities Borrowing Agreement (SBA) clients		AMSLA Counterparties
	(iv)	MOTOR TRADES ASSOCIATION OF AUSTRALIA SUPERANNUATION FUND PTY LIMITED	( b )	UBS SECURITIES AUSTRALIA LTD
	(ix)	AUSTSAFE PTY LTD	( f )	CREDIT SUISSE
	(v)	CARE SUPER PTY LTD	( g )	INSTINET AUSTRALIA PTY LTD
	(vii)	VICSUPER PTY LTD
	(xi)	ELECTRICITY SUPPLY INDUSTRY SUPERANNUATION (QLD) LTD
	(xii)	PRIME SUPER PTY LTD
Transfer dates	7/2/2017 to 1/3/2017		7/2/2017 to 1/3/2017
	Specific dates for each transfer can be found by matching the number reference in the 'Type of agreement and parties to agreement' field to the accompanying list of transactions.		Specific dates for each transfer can be found by matching the number reference in the 'Type of agreement and parties to agreement' field to the accompanying list of transactions.
Holder of voting rights	Registered owner		Registered owner
Are there any restrictions on voting	The registered owner holds voting rights. However, in certain circumstances the lender may request for the borrower to use best endeavours to arrange for voting instructions to be exercised in accordance with the instructions from the lender.		The registered owner holds voting rights. However, in certain circumstances the lender may request for the borrower to use best endeavours to arrange for voting instructions to be exercised in accordance with the instructions from the lender.
Scheduled date of return (if any)	On demand		On demand
Does the borrower have the right to return early?	Yes - at notice		Yes - at notice
Does the lender have the right to recall early?	Yes - at notice		Yes - at notice
Will the securities be returned on settlement?	Yes, or equivalent protection under Securities Borrowing Agreement.		Yes, or equivalent protection under AMSLA.
National Australia Bank Limited will, if required by the company or responsible entity to whom the prescribed form must be given or ASIC give a copy of the agreements to the company, responsible entity or ASIC.