Exercise of Share Options

Document date:  Wed 05 May 1999
Published:  Wed 05 May 1999 00:00:00
Document No:  148263
Document part:  A
Market Flag:  N
Classification:  

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
CONTINUOUS DISCLOSURE 3.10.5

Pursuant to the above ASX Listing Rule, we advise that 1,359 fully
paid ordinary shares were issued on 5 May 1999 following the exercise
of share options under the Group Share Option Scheme.


J Slatter 
GROUP GENERAL COUNSEL 
& COMPANY SECRETARY


                               1