28th July 2005

Australian Stock Exchange
Company Announcements Office
10th Floor
20 Bond Street
SYDNEY NSW 2000

Dear Sir

Allotment of Entitlement Issue

The Company advises that the 2 for 1 Entitlement Issue has been finalised and that shares will be an allotted progressively.

Shareholders applications received will be dispatched today as follows:

Shareholders applications received                                                 187,482,570

The shortfall to be taken up by the underwriter will be as follows:

Underwriter entitlement to be taken up                                           102,369,694

Total entitlement to be allotted                                                       289,852,264

Yours faithfully

Brett Young
Company Secretary
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