604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

ACN/ARSN

1. Details of substantial holder(1)

Name ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on / / The previous notice was given to the company on / / The previous notice was dated / /

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)

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 a substantial holding notice to the company or scheme are as follows:

Date of Person whose Nature of Consideration Class and Person's votes change relevant interest change (6) given in relation number of affected changed to change (7) securities affected

4. Present relevant interests

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

For personal use only use personal For Holder of Registered Person entitled Nature of Class and Person's votes relevant holder of to be registered relevant number of interest securities as holder (8) interest (6) securities 604 page 2/2 15 July 2001

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 as follows:

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

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

Name Address

Signature

print name capacity

sign here date / /

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

(2) See the definition of "associate" in section 9 of the Corporations Act 2001.

(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

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

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

(6) Include details of: (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies). See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

(7) 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`e entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

(8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". For personal use only use personal For (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. Annexure A Tabcorp Holdings Registered Shareholdings as at 6 August 2008 Registered Name Address Holding National Nominees Limited GPO Box 1406M, MELBOURNE VIC 3001 13,820,387 RBC Dexia Investor Services Trust Level 16 & 17, 2 Park Street, NSW 2000 3,636,855 JP Morgan Worldwide Securities Services Level 37, AAP Centre, 259 George Street, SYDNEY NSW 2000 3,506,560 Citicorp Nominees Pty Ltd Level 2, 350 Collins Street, MELBOURNE VIC 3001 2,580,000 State Street Ltd Level 7 - Unlisted Unit Trust Department, 338 Pitt Street, SYDNEY NSW 2000 1,680,000 M F Custodians Level 18, 8 Exhibition Street, MELBOURNE VIC 3000 591,470 Cogent Nominees Pty Limited Level 8 BNP Paribas, 60 Castlereagh St, SYDNEY NSW 2000 437,667 Brown Brothers Harriman 40 Water Street, BOSTON MA 02109 140,987 Fite Holdings Pty Ltd 8 Duntroon Avenue, ROSEVILLE NSW 2069 2,435 RBC Dexia Investor Services Bank S.A. (Dublin) George's Quay House, 43 Townsend Street, DUBLIN 2 2,253 Nicola Kightley 391A Bobbin Head Road, NORTH NSW 2074 500 Christopher Kightley 391A Bobbin Head Road, NSW 2074 500 Richard Kightley 391A Bobbin Head Road, NORTH TURRAMURRA NSW 2074 500 Dean and Suzanne Smedley 4 Berrillee Street, TURRAMURRA NSW 2074 562

26,400,676 For personal use only use personal For Annexure B Tabcorp Holdings Net Trades between 7 August 2008 and 25 September 2008

Date Quantity Consideration 08-Aug-2008 125,288 1,118,216.87 11-Aug-2008 152,000 1,372,539.35 12-Aug-2008 30,000 253,366.85 15-Aug-2008 383,654 3,224,592.76 18-Aug-2008 231,977 1,945,265.68 19-Aug-2008 450,000 3,718,467.33 20-Aug-2008 627,007 5,078,450.65 21-Aug-2008 465,000 3,713,224.65 22-Aug-2008 159,495 1,279,278.63 25-Aug-2008 237,200 2,049,899.21 26-Aug-2008 106,804 907,203.29 27-Aug-2008 2,944 25,076.88 29-Aug-2008 50,000 427,632.77 01-Sep-2008 263,208 2,220,616.78 02-Sep-2008 4,320 37,309.21 03-Sep-2008 659,641 5,821,002.08 04-Sep-2008 418,027 3,694,245.02 05-Sep-2008 158,227 1,379,170.51 08-Sep-2008 4,898 42,710.56 15-Sep-2008 270,000 2,227,858.81 16-Sep-2008 57,288 462,488.31 17-Sep-2008 30,000 241,824.19 18-Sep-2008 56,187 443,430.25 19-Sep-2008 50,000 404,554.47 22-Sep-2008 388,651 3,140,761.37 23-Sep-2008 284,876 2,243,911.78 24-Sep-2008 50,000 402,584.07 25-Sep-2008 484,500 3,881,995.00

6,201,192 51,757,677.33 For personal use only use personal For Annexure C Tabcorp Holdings Registered Shareholdings as at 25 September 2008

Registered Name Address Holding National Nominees Limited GPO Box 1406M, MELBOURNE VIC 3001 17,235,691 RBC Dexia Investor Services Trust Level 16 & 17, 2 Park Street, SYDNEY NSW 2000 4,373,739 JP Morgan Worldwide Securities Services Level 37, AAP Centre, 259 George Street, SYDNEY NSW 2000 4,342,428 Citicorp Nominees Pty Ltd Level 2, 350 Collins Street, MELBOURNE VIC 3001 3,141,100 State Street Australia Ltd Level 7 - Unlisted Unit Trust Department, 338 Pitt Street, SYDNEY NSW 2000 2,170,300 M F Custodians Level 18, 8 Exhibition Street, MELBOURNE VIC 3000 693,453 Cogent Nominees Pty Limited Level 8 BNP Paribas, 60 Castlereagh St, SYDNEY NSW 2000 496,462 Brown Brothers Harriman 40 Water Street, BOSTON MA 02109 140,987 RBC Dexia Investor Services Bank S.A. (Dublin) George's Quay House, 43 Townsend Street, DUBLIN 2 IRELAND 3,179 Fite Holdings Pty Ltd 8 Duntroon Avenue, ROSEVILLE NSW 2069 2,435 Nicola Kightley 391A Bobbin Head Road, NORTH TURRAMURRA NSW 2074 500 Christopher Kightley 391A Bobbin Head Road, NORTH TURRAMURRA NSW 2074 500 Richard Kightley 391A Bobbin Head Road, NORTH TURRAMURRA NSW 2074 500 Dean and Suzanne Smedley 4 Berrillee Street, TURRAMURRA NSW 2074 594

32,601,868 For personal use only use personal For