Form 605 Form 605 Corporations Act 2001 Section 671B Notice of ceasing to be a substantial holder To: WDS Limited ACN: 121 517 860 ASX Code: WDS 1. Details of substantial holder Name: IOOF Holdings Limited ACN: ACN 100 103 722

This notice is given by IOOF Holdings Limited, on behalf of itself and its subsidiaries.

The holder ceased to be a substantial holder on: 22/05/2015

The previous notice was given to the company on: 17/04/2015
The previous notice was dated: 15/04/2015

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 as follows:

Date

Person

Nature

Consideration

Class &

number

(ord)

Person's

votes

16/04/2015

Perennial Investment Partners

Limited (ACN 087 901 620)

Sold on market

-$

17,724.74

-

154,468

-

154,468

28/04/2015

Perennial Investment Partners

Limited (ACN 087 901 620)

Sold on market

-$

3,121.49

-

25,027

-

25,027

29/04/2015

Perennial Investment Partners

Limited (ACN 087 901 620)

Sold on market

-$

23,173.90

-

185,800

-

185,800

30/04/2015

Perennial Investment Partners

Limited (ACN 087 901 620)

Sold on market

-$

6,173.88

-

49,500

-

49,500

1/05/2015

Perennial Investment Partners

Limited (ACN 087 901 620)

Sold on market

-$

15,488.09

-

124,178

-

124,178

5/05/2015

Perennial Investment Partners

Limited (ACN 087 901 620)

Sold on market

-$

11,973.60

-

96,000

-

96,000

6/05/2015

Perennial Investment Partners

Limited (ACN 087 901 620)

Sold on market

-$

6,132.12

-

47,826

-

47,826

2

8/05/2015

Perennial Investment Partners

Limited (ACN 087 901 620)

Sold on market

-$

13,877.20

-

106,983

-

106,983

12/05/2015

Perennial Investment Partners

Limited (ACN 087 901 620)

Sold on market

-$

11,356.96

-

87,554

-

87,554

13/05/2015

Perennial Investment Partners

Limited (ACN 087 901 620)

Sold on market

-$

5,200.37

-

40,091

-

40,091

15/05/2015

Perennial Investment Partners

Limited (ACN 087 901 620)

Sold on market

-$

5,378.59

-

41,465

-

41,465

20/05/2015

Perennial Investment Partners

Limited (ACN 087 901 620)

Sold on market

-$

4,539.99

-

35,000

-

35,000

21/05/2015

Perennial Investment Partners

Limited (ACN 087 901 620)

Sold on market

-$

7,553.25

-

58,230

-

58,230

22/05/2015

Perennial Investment Partners

Limited (ACN 087 901 620)

Sold on market

-$

262,196.88

-

2,102,200

-

2,102,200

3. Changes in association

The 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 & ACN

Nature of association

Not applicable

4. Addresses

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

Name

Address

IOOF Holdings Limited

Level 6, 161 Collins Street

Melbourne Victoria 3000

WDS Limited

Level 10, 2 Elizabeth Plaza, NORTH SYDNEY, NSW, AUSTRALIA, 2060

Perennial Investment Partners Limited

Level 24, 303 Collins Street

Melbourne Victoria 3000

distributed by