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Acquisitions

Aliquot Asset Management Limited

28/01/03 Has reached agreement for the acquisition of its seventh Rent Roll for approximately $130,000.00 with settlement to take place on 3 February 2003.The Rent Roll comprises approximately 70 properties, the vast majority of which are investment units.

EQiTX Limited

31/01/03Company announced on 20 December 2002 the execution of a Heads of Agreement for the acquisition of the Gingerol project, subject to completion of satisfactory due diligence and shareholder approval. Completion of the due diligence process was subsequently announced on 28 January 2003.

Homeloans Limited

31/01/03 Have finalised the acquisition of the Access Home Loans group of companies. A final instalment of $800,000 will be paid bringing the total purchase price for the Access Home Loans group to approximately $12.1m.

Plexus International Limited

28/01/03 The Board of Plexus has received advice that Fords Group plc the parent company of the purchaser of HED, was placed in the hands of an Administrator, PricewaterhouseCoopers LLC on 24 January 2003. Plexus is determining the exact implication of this action; however, payments due to U-Plex in the immediate future are not likely to be made.

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