Australian Securities and Investments Commission
Corporations Act 2001 — Paragraph 655A(1)(a) — Exemption

Under paragraph 655A(1)(a) of the Corporations Act 2001 (the “Act”) the Australian Securities and Investments Commission exempts bidders and targets from subsections 636(3) and 638(5) of the Act in relation to a bidder’s or target’s statement that includes or is accompanied by a statement that:

1. fairly represents a statement by an official person; or

2. is a correct and fair copy of, or extract from:

(a) a public official document; or

(b) a statement that has already been published in a book, journal or comparable publication;

where the statement was not made, or the document was not published, in connection with the takeover bid or the bidder or target or any business, property or person the subject of the bidder’s or target’s statement.

Dated this 22nd day of September 2003

Signed by Stephen Yen, PSM
as a delegate of the Australian Securities and Investments Commission