Warburg`s Quarterly Expired Warrants

Document date:  Mon 11 Jan 1999
Published:  Mon 11 Jan 1999 00:00:00
Document No:  175450
Document part:  B
Market Flag:  N
Classification:  

WARBURG DILLON READ AUSTRALIA LIMITED         1999-01-11  ASX-SIGNAL-G

HOMEX - Sydney                                                        

+++++++++++++++++++++++++
                              Annexure A

Warrants     Business Rule         Business Rule       Business Rule
             8.9.4(a)              8.9.4 (a)           8.9.4 (b)

             Warrants bought back  Warrants exercised   Warrants
             during the quarter    during the quarter   outstanding
0
                                                        (in millions
                                                        unless 
                                                        otherwise
CALLS                                                   indicated)

AMCWSB       NIL                  NIL                   10            
AMPWSA       NIL                  NIL                   20
AMPWSB       NIL                  NIL                   10
BHPWSA       NIL        0
          NIL                   10
BORWSB       NIL                  NIL                   25
BORWSC       NIL                  NIL                   10
CCXWSA       NIL                  NIL                   10      
CGHWSB       NIL                  NIL                   10            
CWOWSA       NIL                  NIL                   10            
FBGWSA       NIL                  2,000                 49,998        
FBGWSB       NIL                  NIL            0
       10       
LHGWSA       NIL                  NIL                   20
MIMWSB       NIL                  NIL                   25
NCPWSA       NIL                  NIL                   10
NDYWSA       NIL                  NIL                   20
PNIWSA       NIL                  NIL                   20      
STOWSA       NIL                  NIL                    5            
STOWSB       NIL                  NIL                   10           
TABWSA       NIL     0
             NIL                   10            
TLSWSA       NIL                  NIL                   10            
                               
WMCWSB       NIL                  NIL                   10            
WPLWSB       NIL                  NIL                   15            
WSFWSA       NIL                  NIL                   20            
XAOWSA       NIL                  NIL                   20            
XAOWSB       NIL                  NIL      0
             20
XAOWSC       NIL                  NIL                   20            

BLOCs

BHPWSX       NIL                  NIL                   10            
CWOWSX       NIL                  NIL                   10            
FBGWSX       NIL                  NIL                   10           
TLSWSX       NIL                  NIL                   10
WMCWSX       NIL                  NIL                   10            
WPLWSX       NIL                  NIL      0
             10

PUTS

BORWSP       NIL                  NIL                   10            
TABWSP       NIL                  NIL                   10            
XAOWSP       NIL                  NIL                   10            
XAOWSQ       NIL                  NIL                   10
XAOWSR       NIL                  NIL                   10            
                       
INSTALMENTS

AGLWSI       NIL                  NIL                8.997408      
AMPWSI   0
    NIL                  NIL                9.9935
CBAWSI       NIL                  NIL                .411543       
FBGWSI       NIL                  NIL                9.895
ORIWSB       144,898              NIL                2.887249
SMIWSI       NIL                  NIL                10           
                     
TAHWSJ       NIL                  NIL                9.71755          
TLSWSI       2,700                NIL                9.004685         
TLSWSJ   0
    3,550                NIL                9.646391         
WBCWSI       10,689               NIL                9.8525       
WPLWSI       11,000               NIL                9.9892          
             




                                                       Business Rule
                                                       8.9.4 (b)

                                                       WCRA's relevant
                                                       in0
terest in
                                                       Underlying
                                                       Financial
                                                       Instruments as
CALLS                                                  at 31/12/1998

AMCWSB                                                     149320     
AMPWSA                                                   25663036
AMPWSB                                                   256630
036
BHPWSA                                                     861247 
BORWSB                                                    1178082     
BORWSC                                                    1178082
CCXWSA                                                   12909881
CGHWSB                                                     298850
CWOWSA                                                   30869800
FBGWSA                                                     524060
FBGWSB  0
                                                   524060
LHGWSA                                                    1654278     
MIMWSB                                                    3170143
NCPWSA                                                   10724735
NDYWSA                                                     584548
PNIWSA                                                     698340   
STOWSA                                                     276176
STOWSB            0
                                         276176     
TABWSA                                                    3808870
TLSWSA                 
                               
WMCWSB                                                    2316293
WPLWSB                                                     576335
WSFWSA                                                     185200     
XAOWSA                                                        -
XAOWSB                                0
                        -
XAOWSC                                                        -

BLOCs

BHPWSX                                                    861247
CWOWSX                                                  30869800      
FBGWSX                                                    524060
TLSWSX                                                   3808870
WMCWSX                                                   2316293      
WPLWSX                                       0
             576335

PUTS

BORWSP                                                   1178082
TABWSP                                                  17323301      
XAOWSP                                                      -       
XAOWSQ                                                      -
XAOWSR                                                      -
                       
INSTALMENTS

AGLWSI                                                    666166    
AMPWSI            0
                                       1055781
CBAWSI                                                   4110997     
FBGWSI                                                    524060
ORIWSB                                                   2099545
SMIWSI                                                     29900
                     
TAHWSJ                                                    829050
TLSWSI                                                   3808870
TLSWSJ          0
                                         3808870      
WBCWSI                                                   1249289      
WPLWSI                                                    576335      
                

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