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Sea World Offer Closed

Document date:  Tue 24 Jul 2001
Published:  Tue 24 Jul 2001 00:00:00
Document No:  141574
Document part:  A
Market Flag:  Y

SEA WORLD PROPERTY TRUST                      2001-07-24  ASX-SIGNAL-G

HOMEX - Brisbane                                                      

At the close of their Offer on Monday 23 July 2001, Warner Bros and
Village Roadshow held a relevant interest in 85.65% of the units in
Sea World Property Trust.

During the Offer, over 3,800 unit holders representing 35.9 million
units accepted the Offer.

As the Bidders did not reach the relevant threshold, compulsory
acquisition will not proceed.

For further information:

Simon Dighton or Marcus Fletcher
Merrill Lynch International (Australia) Limited
Advisers to the Bidders
Tel: (03) 9659 2536