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Sales

Energy World Corporation Ltd

18-Mar-03

Agreement has now been reached with GMR Group members, located in India to purchase 100% of EWC's shares in Odeon Ltd, the Mauritius based Company through which EWC holds its 25% ownership in the Basin Bridge Power Station.

Flexi Property Fund

21-Mar-03

A conditional contract has been exchanged for the sale of 146 Arthur Street North Sydney to Valad Property Group at $40,900,000, with settlement expected within the next month

Julia Corporation Ltd

19-Mar-03

Has finalised a formal agreement for the sale of its wholly owned subsidiary, Smart Silicon Systems Pty to Card Access Systems Pty Ltd,  for $100,000 cash payable immediately; and a share of the profits of Smart Silicon over the next 5 years up to a maximum of $322,000.

Spinifex Gold Ltd

24-Mar-03

The sale of 45% interest in the share capital of Ikina Reefs Ltd has been completed, with the receipt of 800,000 shares in Lakota Resources Inc as consideration. Spinifex's holding represents 6.3% of Lakota's current issued capital.

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