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Decrease of Substantial or Relevant Interests

Cedar Woods Properties Ltd

29/4/03

Western Retirement Homes Pty Ltd, decreased its relevant interest from 9,139,980 ordinary shares (18.49%) to 4,639,980 ordinary shares (9.39%)

Foodland Associated Ltd

6/5/2003

Deutsche Bank AG, decreased its relevant interest from 7,316,648 ordinary shares (6.27%) to 6,122,962 ordinary shares (5.25%).

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