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Preliminary Final Report & On-Market Buy-Back

Document date:  Wed 03 Nov 1999
Published:  Wed 03 Nov 1999 13:52:44
Document No:  154638
Document part:  K
Market Flag:  Y

HOMEX - Perth                                                         

Further to the Company's announcement today that shareholders had
approved the consolidation of the issued capital of Mt Grace
Resources NL please be advised as to the following key dates:

Trading in reorganised securities on deferred 
settlement basis                                         3 March 1998

Last day for acceptance of transfers accompanied 
by certificates issued prior to reorganisation          12 March 1998

Transfers lodged from this date accompanied by a 
certificate issued prior to reorganisation will 
be rejected                                             13 March 1998 

Last day for despatch of uncertified security 
holdings or certificates                                19 March 1998

Questions in respect of the capital consolidation can be directed to
the Company Secretary on (08) 9470 9422.

W O Crerie