SBC Walburg Dillon Read Put Warrants

Document date:  Tue 07 Jul 1998
Published:  Tue 07 Jul 1998 00:00:00
Document No:  163296
Document part:  A
Market Flag:  N
Classification:  

SBC WARBURG DILLON READ AUSTRALIA LIMITE      1998-07-07  ASX-SIGNAL-G

HOMEX - Sydney                                                        

+++++++++++++++++++++++++
As Issuer of the following warrants:

CALL WARRANTS

* AMCWSA - 27 August 1998 Amcor Limited Warrants;
* AMPWSA - 24 June 1999 AMP Limited Warrants;
* BHPWSA - 29 April 1999 The Broken Hill Proprietary Company Limited;
* BORWSA - 21 May 1998 Boral Limited Warrants (EXPIRED during 
           quarter); 
* 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;
* LHGWSA - 27 May 1999 Lihir Gold 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;
* TABWSA - 24 June 1999 TAB Limited Warrants;
* TLIWSA - 24 September 1998 Telstra Corporation Limited Warrants;
* WMCWSA - 17 December 1998 WMC Limited Warrants;
* WPLWSB - 25 March 1999 Woodside Petroleum Limited Warrants;
* XAOWSA - 30 September 1999 All Ordinaries (Price) Index Linked
           Warrants Series One;
* XAOWSB - 30 September 1999 All Ordinaries (Price) Index Linked 
           Warrants Series Two; and 
* XAOWSC - 30 September 1999 All Ordinaries (Price) Index Linked 
           Warrants Series Three. 

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; 
* TABWSP - 24 June 1999 TAB 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;
* ORIWSI - 27 August 1999 Orica Limited Warrants; and
* TAHWSI - 20 November 1998 Tabcorp Holdings Limited Warrants.

Warburg Dillon Read Australia Limited ("WDRA") (formerly SBC Warburg
Dillon Read Australia Limited), 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
MANAGER LEGAL & COMPLIANCE


ANNEXURE A                                                            
                  
WARRANTS  *BR 8.9.4(a)    *BR 8.9.4(a)    *BR 8.9.4(a)   *BR 8.9.4(b)

         Warrants bought  Warrants exer-  Warrants out-  WDRA's 
         back during the  cised during    standing (in   relevant
         quarter          the quarter     millions un-   interest in
                                          less otherwise Underlying
                                          indicated      Financial
                                                         Instrument as
                                                         at 3 July 98

CALLS

AMCWSA        NIL           NIL           50            158,471.00
AMPWSA        NIL           NIL           20            512,221.00
BHPWSA        NIL           NIL           10            382,838.00
BORWSA        NIL     2,586,820    warrants expired 
                                        21/5/98         734,703.00
BORWSB        NIL           NIL           25            734,703.00
CCLWSA        NIL           NIL           10            170,792.00
CGHWSA        NIL         2,000       24.998                    --
FBGWSA        NIL           NIL           50            343,103.00
LHGWSA        NIL           NIL           20                    --
MIMWSB        NIL           NIL           25          1,937,664.00
NDYWSA        NIL           NIL           20          9,389,064.00
PNIWSA        NIL           NIL           20          1,781,861.00
RIOWSA        NIL           NIL            8                    --
STOWSA        NIL           NIL            5          1,018,994.00
TABWSA        NIL           NIL           10                    --
TLIWSA        NIL           NIL        9.992                    --
WMCWSA        NIL           NIL           20                    --
WPLWSB        NIL           NIL           15          1,376,914.00
XAOWSA        NIL           NIL           20                    --
XAOWSB        NIL           NIL           20                    --
XAOWSC        NIL           NIL           20                    --

PUTS

ANZWSP        NIL           NIL           25                    --
CBAWSP        NIL           NIL           25          3,601,866.00
NABWSP        NIL           NIL           25                    --
TABWSP        NIL           NIL           10                    --
WBCWSP        NIL           NIL           25                    --


INSTALMENTS

AGLWSI    994,392           NIL     8.998408            487,863.00
CBAWSI        NIL           NIL     0.519877          3,601,866.00
ORIWSI    767,480           NIL     1.754647          1,457,154.00
TAHWSI        NIL        28,500     2.124765          1,422,471.00

* Business Rule 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1