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Australia and New Zealand Banking Group Ltd. Major Shareholding Notification 2008

May 12, 2008

10425_rns_2008-05-12_cbf543ab-6fb5-47ea-8105-b09fa639891a.pdf

Major Shareholding Notification

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==> picture [103 x 114] intentionally omitted <==

13 May 2008

2nd Floor, 35 Outram St West Perth WA 6005 PO Box 644 West Perth WA 6872 Telephone 08 9485 2410 Facsimile 08 9485 2840 [email protected] www.imageres.com.au

ABN 57 063 977 579

CLARIFICATION OF DISCLOSURES LODGED BY ANZ

The Board of Image Resources ( IMA ) notes that ANZ no longer holds any securities in IMA on account of the Opes Prime matter . All shares held by ANZ in such a capacity were disposed of in an orderly manner with substantial assistance from IMA’s board (refer to IMA ASX announcements on 2 April, 7 April and 8 April 2008).

IMA acknowledges that the ANZ Bank has lodged two disclosures, the first in relation to a Form 603 “Notice of Becoming a Substantial Holder” and the second in relation to a Form 605 “Notice of Ceasing to be a Substantial Holder”.

In IMA’s opinion, these two disclosures are unclear as to the events which have transpired over the last months as effected by the Opes Prime debacle. The inclusion of extensive annexures serves to confuse what is now a finalised position.

The board wishes to re-iterate that the Opes Prime matter has been finalised with the support of both international and local investors.

END OF RELEASE