Ceases to be a Substantial Shareholder

Tuesday, 15 April, 2003 - 22:00

Austal Ltd

7/4/03

Westpac Banking Corporation ceased to be a substantial shareholder.

Golden State Resources Ltd

4/4/03

Anketell Pty Ltd ceased to be a substantial shareholder.

Iluka Resources Ltd

7/4/03

Deutsche Bank AG ceased to be a substantial shareholder.

Majestic Resources NL

10/4/03

Phoenix Properties International Pty Ltd ceased to be a substantial shareholder.