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Companies Update                       21 October 2003

Important updates for ASX Listed Entities


Welcome to the first edition of Companies Update via email. 

Previously Companies Updates were faxed to your company, however this service has been upgraded and will now be distributed to you via email.

EXPOSURE DRAFT PROPOSED ASX LISTING RULE AMENDMENTS CAPITAL RAISING MECHANISMS IN A DISCLOSURE-BASED MARKET


ASX has today released an Exposure Draft 'Capital Raising Mechanisms in a Disclosure-based Market ASX Proposals for Informed Choice'. The Exposure Draft outlines ASX proposals to amend certain aspects of Chapter 7 of the ASX Listing Rules, including listing rule 7.1 and the timetables for pro rata issues. The purpose of the proposed changes is to maximise flexibility in the structuring of capital raising mechanisms to better accommodate the capital raising needs of ASX listed entities. It is proposed the Listing Rule amendments will take effect on 30 January 2004. The document and a separate Appendix B containing detailed analysis of the timetables are available on the ASX website and ASX Online website.

ASX welcomes submissions on the proposed amendments, which should be received by no later than 30 November 2003.

To help keep our Listed Entities informed of information and events ASX will be sending emails to the Company Secretary's Office from time to time. You are receiving this email because you have been identified as a key contact within the Company Secretary's Office at your organisation. If you would like to update your email address please do so via the Directors/Senior Management page on ASX Online for Companies. Feel free to forward this email to any relevant parties within your organisation.