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Became a Substantial Shareholder

Alkane Exploration Limited

5/3/2003

Macquarie Bank Ltd, became a substantial shareholder with a relevant interest of 5,992,846 ordinary shares (5.01%).

Anaconda Nickel Limited

12/5/2003

Australian Securities and Investments Commission, became a substantial shareholder with a relevant interest of 411,051,769 ordinary shares (5.94%).

Avatar Industries Limited

12/5/2003

Favcor Pty Ltd, became a substantial shareholder with a relevant interest  of 11,501,630 ordinary shares (14.71%).

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