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Issue of Redeemable Preference Shares

Document date:  Fri 20 Nov 1998
Published:  Fri 20 Nov 1998 00:00:00
Document No:  143266
Document part:  A
Market Flag:  N
Classification: 

HOMEX - Melbourne                                                     

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US preferred share issue announced on 10 and 16 November 1998.

The underwriters have elected to exercise part of their option to
purchase an additional 1 million TrUEPrs to cover over allotments
(which will raise an additional US$25 million). The total amount of
the issue (including over allotments) will raise approximately US$375
million.


J Slatter 
GROUP GENERAL COUNSEL & COMPANY SECRETARY

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