COMPUTERSHARE LIMITED. — Major Shareholding Notification 2004

Oct 3, 2004

Computershare

Corporate

Computershare Limited ABN 71 005 485 825 Yarra Falls, 452 Johnston Street Abbotsford Victoria 3067 Australia PO Box 103 Abbotsford Victoria 3067 Australia Telephone 61 3 9415 5000 Facsimile 61 3 9473 2500 www.computershare.com

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4 October 2004

Company Announcements Office Australian Stock Exchange 20 Bridge Street Sydney NSW 2000

Dear Sir / Madam

Ceasing to be a substantial holder in ETRADE Australia Limited

Enclosed is a copy of an ASIC form 605 (Notice of ceasing to be a substantial holder) in connection with Computershare Limited's disposal of its interest in ETRADE Australia Limited.

Yours faithfully

$M24$

Mark Davis Joint Company Secretary

Form 605

Corporations Act 2001
Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	ETRADE Australia Limited
ACN/ARSN	003 042 082
1. Details of substantial holder (1)
Name	Computershare Limited
ACN/ARSN (if applicable)	005 485 825
The holder ceased to be a
substantial holder on		30/09/2004
The previous notice was given to the company on		17/08/2000
The previous notice was dated		17/08/2000

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Cíass (6) and number of securities affected	Person's votes affected
30/09/04	Computershare Limited	IOn market sale	513.445.451	Ordinary 11,394,450	Computershare Limited
30/09/04	Associates fas. Annexure A)	a listed in On market sale	\$13,445.451	lOrdinarv 11.394.450	Associates (as listed in Annexure A)

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Computershare Limited	Yarra Falls, 452 Johnston St, Abbotsford VIC 3067

Signature

orint name	Mark Davis	capacity	Joint Company Secretary
sign here	パルシャ	date	04/10/04

Annexure A

This is annexure 'A' of I page referred to in the ASIC Form 605 'Notice of ceasing to be a substantial holder'

Print name:		Mark Benjamin Davis Capacity: Joint Company Secretary
Sign here:	M/24	Date: 4 October 2004

Associates of Computershare Limited

Computershare Technology Services Pty Ltd ACN 058 216 014

Computershare Investor Services Pty Ltd ACN 078 279 277

Computershare Services PLC

ACN 080 903 957 Pty Ltd

Computershare New Zealand Limited

Computershare Ltd (United Kingdom)

Computershare Investor Services (Ireland) Ltd