May 3 - Emeco Limited

Proposed code: EMC Issue price: $100 per note Principal activities: Provider of heavy earth moving equipment in Australia. Corporate: Greg Minton (non-executive chairman); Laurie Freedman (managing director); Robin Adair (executive director); James Carnegie (non-executive director); Robert Koczkar (non-executive director); Paul McCullagh (non-executive director). (08) 9277 4388 Ordinary shares of Emeco Limited will not be quoted on ASX, only its subordinated, secured, redeemable, exchangeable notes. In the event of an IPO and under certain circumstances, note holders are entitled to exchange up to 100 per cent of their Notes into listed securities at a 2.5 per cent discount to the issue price. Underwriters: Credit Suisse First Boston Australia, BOS International (Australia)

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