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Decrease of Substantial or Relevant Interests

BeMax Resources NL

12/2/03

Imperial One Ltd decreased its relevant interest from 29,747,621 ordinary shares (21.54%) to 26,488,520 ordinary shares (18.42%).

Coventry Group Ltd

20/2/03

Perpetual Trustees Australia Ltd decreased its relevant interest from 2,646,174 ordinary shares (7.73%) to 2,227,122 ordinary shares (6.51%).

Kagara Zinc Ltd

18/2/03

Commonwealth Bank of Australia decreased its relevant interest from 23,200,000 ordinary shares (17.23%) to 23,164,848 ordinary shares (16.13%).

Mount Gibson Iron Ltd

17/2/03

Resource Equities Ltd decreased its relevant interest from 30,617,946 ordinary shares (24.25%) to 30,000,000 ordinary shares (11.88%).

Pan Palladium Ltd

12/2/03

Boulder Steel Ltd decreased its relevant interest, from 17,000,000 ordinary shares (35.56%) to 11,289,302 ordinary shares (15.07%).

Wesfarmers Ltd

14/2/03

Commonwealth Bank of Australia decreased its relevant interest from 38,764,040 ordinary shares (10.74%)to  35,990,211 ordinary shares (9.46%).

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