Ann: App 4E, Annual and Financial Report FY2016-IVX.AX, page-2

A lot a cut and paste from last year. Some information doesn't align eg Dr Collier Dr Glass both participated in the last capital raise and have 18 million shares each, not what's in Top 20 shareholder list ( 14.7 and 13.6 million). Interesting that Dr Garner actually reduced his holding in the last 12 months from about 32 million to around 25 million. That's puzzling as he would have been flat out recouping 10 k on market. The big surprise is the Himstedt, he has increased his stake by about 36 million shares to become the largest individual shareholder. This despite being very critical of Invion management on hotcopper over the last couple of years. In his last post in December 2015, he said that he hadn't participated in the last 2 capital raisings and stated if management had anything, they were not talking to majors about it. He said that if that were the case Invion had been transferred to US interests and there would just be a mopping up of Australian shares. Well he certainly has bought a seat at the table!