PHILEO AUSTRALIA LIMITED(PHI)

Since delisting from ASX this entity has been privatised. We are no longer monitoring its activities.

The company notifies ASIC of changes to members' share holdings.

delisted from the close of trading on Friday, 1 February 2019 pursuant to Listing rule 17.11

we understand shareholders approved a capital return proposal whereby shareholders could accept $12.66 for their shares (a shareholder statement showed the indicative split between dividend and capital components) or elect to opt out of the capital return in full or in part - following implementation the company could no longer satisfy shareholder spread requirements and delisted - an ATO class ruling is to follow

we understand that on or about this date the company made a capital return of 1266 cents per share

As the Capital Return Record Date of 7.00pm on Wednesday, 23 January 2019 has now passed, Phileo confirms that: 19,436,268 Shares were subject to an Opt-Out Election (this number includes the 10,348,814 Shares that Mr Koh owns or controls); and 9,490,748 Shares will be cancelled under the Capital Return. This means that the following two key conditions to the Capital Return have been satisfied: that a maximum of 10.50 million Shares be cancelled under the Capital Return; and that Phileo Shareholders accounting for at least 8.08 million Shares opt-out of the Capital Return. There are some other operational and procedural type conditions, usual for a transaction of this nature, that are set out in clause 3 of the Implementation Deed which was released in full as an annexure to Phileo's ASX announcement of 5 October 2018. These conditions will only be satisfied immediately prior to the Implementation Date. Your Independent Directors are not aware of any reason why these other operational or procedural conditions will not be satisfied or waived as at the Implementation Date.

The securities of Phileo Australia Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PHI, in connection with the implementation of a Capital Return. The suspension is expected to remain in place until the proposed removal of PHI from the official list on Friday, 1 February 2019

Phileo Australia Limited was one of 43 that failed to put the adoption of the company's remuneration report to a non-binding vote at the company's annual general meeting (AGM) this year - ASIC said "that is not good enough...shareholders need to know in advance what resolutions are being voted on at the AGM so they can decide whether to attend the meeting or vote by proxy"

name changed from Renak Holdings Limited