SBC Warburg`s Quarterly Warrant Report @ 6/01/98

Document date:  Fri 09 Jan 1998
Published:  Fri 09 Jan 1998 00:00:00
Document No:  153166
Document part:  A
Market Flag:  N
Classification:  

SBC WARBURG DILLON READ AUSTRALIA LIMITE      1998-01-09  ASX-SIGNAL-G

HOMEX - Sydney                                                        

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As Issuer of the following warrants:

CALL WARRANTS

* AMCWSA - 27 August 1998 Amcor Limited Warrants;
* BHPWSA - 29 April 1999 The Broken Hill Proprietary Company Limited; 
* BORWSA - 21 May 1998 Boral Limited Warrants;
* BORWSB - 27 May 1999 Boral Limited Warrants;
* CCLWSA - 28 January 1999 Coca-Cola Amatil Limited;
* CGHWSA - 26 November 1998 Colonial Limited Warrants;
* FBGWSA - 22 April 1999 Foster's Brewing Group Limited Warrants;
* LRGWSA - 27 May 1999 Lihir Gold Limited Warrants;
* MIMWSA - 19 March 1998 MIM Holdings Limited Warrants;
* MIMWSB - 25 March 1999 MIM Holdings Limited Warrants; 
* NDYWSA - 29 April 1999 Normandy Mining Limited Warrants;
* PNIWSA - 28 January 1999 Pioneer International Ltd Warrants;
* RIOWSA - 17 December 1998 Rio Tinto Limited Warrants;
* STOWSA - 25 February 1999 Santos Ltd Warrants;
* TLIWSA - 24 September 1998 Telstra Corporation Limited Warrants;
* WMCWSA - 17 December 1998 WMC Limited Warrants;
* WPLWSA - 18 December 1997 Woodside Petroleum Limited Warrants 
(EXPIRED); and
* WPLWSB - 25 March 1999 Woodside Petroleum Limited Warrants.

PUT WARRANTS

* ANZWSP- 24 September 1998 Australia and New Zealand Banking Group 
Limited Warrants;
* CBAWSP - 29 October 1998 Commonwealth Bank of Australia Warrants;
* NABWSP - 24 September 1998 National Australia Bank Limited Warrants;
* WBCWSP - 24 September 1998 Westpac Banking Corporation Warrants.

INSTALMENT WARRANTS

* AGLWSI - 24 June 1999 Australian Gas Light Company Limited Warrants;
* CBAWSI - 29 April 1999 Commonwealth Bank of Australia Warrants; and 
* TAHWSI - 20 November 1998 Tabcorp Holdings Limited Warrants.

SBC Warburg Dillon Read Australia Limited ("SBCWDRA") provides the
information required under the Business Rules attached as annexure A.

If you have any queries in relation to this matter, please do not
hesitate to contact us.

A Spencer               C Madden
LEGAL & COMPLIANCE      DIRECTOR - LEGAL & COMPLIANCE


ANNEXURE A


Warrants    B.R. 8.9.4(a)  B.R. 8.9.4(a)  B.R. 8.9.4(a)  B.R. 8.9.4(b)
          Warrants bought   Warrants       Warrants       SBCWDRA's
              back          exercised     outstanding     relevant
          during the qtr  during the qtr  (stated in      interest in
                                          millions unless  Underlying
                                           otherwise       Financial
                                           indicated)      Instrument
CALLS

AMCWSA            Nil         Nil             50          485,457.00
BHPWSA            Nil         Nil             10                   -
BORWSA            Nil         Nil             30        4,052,744.00
BORWSB            Nil         Nil             25        4,052,744.00
CCLWSA            Nil         Nil             10                   -
CGHWSA            Nil         Nil             25                   -
FBGWSA            Nil         Nil             50          704,130.00
LHGWSA            Nil         Nil             20                   -
MIMWSA            Nil         Nil             20        5,514,476.00
MIMWSB            Nil         Nil             25        5,514,476.00
NDYWSA            Nil         Nil             20        1,928,544.00
PNIWSA            Nil         Nil             20          115,997.00
RIOWSA            Nil         Nil              8        1,636,763.00
STOWSA            Nil         Nil              5          191,440.00
TLIWSA            Nil         Nil             10                   -
WMCWSA            Nil         Nil             20        1,743,097.00
WPLWSA            Nil         1.0838   Warrants expired 1,899,198.00
                                           18/12/1997
WPLWSB            Nil         Nil             15        1,899,198.00

PUTS

ANZWSP            Nil         Nil             25                   -
CBAWSP            Nil         Nil             25        2,401,639.00
NABWSP            Nil         Nil             25                   -
WBCWSP            Nil         Nil             25                   -

INSTALMENTS

AGLWSI            Nil         Nil              1          416,896.00
CBAWSI            Nil         Nil              1        2,401,639.00
TAHWSI            Nil         Nil          3.189345     2,686,310.00

Note:

B.R. = Business Rule
qtr = Quarter

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