CONSTELLATION TECHNOLOGIES LIMITED — Capital/Financing Update 2003

Mar 27, 2003

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement. application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98. 1/9/99. 1/7/2000.

Name of entity

Agenix Limited

ACN, ARBN or ARSN 009 213 754

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

$\mathbf{1}$ ⁺Class of ⁺securities issued or to be issued | Employee Options

2,749,375

• $\overline{2}$ Number of *securities issued or to be issued (if known) or maximum number which may be issued
• 3 Principal terms of the +securities (eq. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

Exercise price \$0.34

Expiry 25 July 2008

⁺ See chapter 19 for defined terms.

4	Do the +securities rank equally in all respects from the date of allotment with an existing + class of quoted +securities? If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment	No. They rank equally only after exercise for fully paid ordinary shares and do not participate in any dividends.
5	Issue price or consideration	Snil
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	Issued under the approved at the Extraordinary General Meeting held 8 June 2001.	Employee Option Plan
7	Dates of entering +securities into uncertificated holdings or despatch of certificates	28 March 03.
8	Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)	Number 154,182,440	+ Class Paid Ordinary Fully shares
9	Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)	Number 250,000 3,845,000 2,749,375	+ Class Options 40c 24/11/04 Options 33c 20/07/07 Options 34c 27/07/08

$\div$ See chapter 19 for defined terms.

$10$ Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Options do not rank for dividends unless exercised

Part 2 - Bonus issue or pro rata issue

• $11$ Is security holder approval required? $12$ Is the issue renounceable or nonrenounceable? Ratio in which the ⁺securities will be offered $13$ ⁺Class of *securities to which the offer $14$ relates 15 *Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? $17$ Policy for deciding entitlements in relation to fractions $18$ Names of countries in which the entity has *security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. $19$ Closing date for receipt of acceptances or renunciations 20 Names of any underwriters $21$ Amount of any underwriting fee or commission
• 22 Names of any brokers to the issue

⁺ See chapter 19 for defined terms.

Appendix 3B New issue announcement

23.	Fee or commission payable to the broker to the issue
24	Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of *security holders
25.	If the issue is contingent on "security holders' approval, the date of the meeting
26.	Date entitlement and acceptance form and prospectus will be sent to persons entitled
27.	If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
28	Date rights trading will begin (if applicable)
29	Date rights trading will end (if applicable)
30	How do *security holders sell their entitlements in full through a broker?
31	How do "security holders sell part of their entitlements through a broker and accept for the balance?
32	How do *security holders dispose of their entitlements (except by sale through a broker)?
33	*Despatch date

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

⁺ See chapter 19 for defined terms.

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

(If the additional securities do not form a new class, go to $43$ )

Tick to indicate you are providing the information or documents

35	The names of the 20 largest holders of the additional *securities, and the number and percentage of additional +securities held by those holders
36		A distribution schedule of the additional *securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ 5,001 - 10,000 10,001 - 100,000 100,001 and over
37		A copy of any trust deed for the additional +securities
	(now go to $43$ )
		Entities that have ticked box 34(b)
38	is sought	Number of securities for which +quotation
39	sought	Class of + securities for which quotation is

40 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

If the additional securities do not rank equally, please state:

• the date from which they do
• the extent to which they participate for $\bullet$ the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank $\bullet$ equally, other than in relation to the next dividend, distribution or interest payment

⁺ See chapter 19 for defined terms.

Appendix 3B New issue announcement

41	Reason for request for quotation now
	Example: In the case of restricted securities, end of restriction period
	(if issued upon conversion of another security, clearly identify that other security)

$42^°$ Number and +class of all +securities quoted on ASX (including the securities in clause 38)

Number	+ Class

(now go to $43$ )

All entities

Fees

43 Payment method (tick one)

Note: Payment may be made electronically if Appendix 3B is given to ASX electronically at the same time.

Periodic payment as agreed with the home branch has been arranged

Note: Arrangements can be made for employee incentive schemes that involve frequent issues of securities.

Quotation agreement

• $\ddot{\phantom{a}}$ ⁺Quotation of our additional ⁺securities is in ASX's absolute discretion. ASX may quote the "securities on any conditions it decides.
• $\overline{2}$ We warrant to ASX that the issue of the *securities to be quoted complies with the law and is not for an illegal purpose, and that there is no reason why those *securities should not be granted *quotation. We warrant to ASX that an offer of the securities for sale within 12 months after their issue will not require disclosure under section 707(3) of the Corporations Law.
• $\mathfrak{Z}$ We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

⁺ See chapter 19 for defined terms.

$\overline{4}$ We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before *quotation of the 'securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Hanga . . . . . . . . . . . . . . . . . . . .

Sign here:

(Director/Company secretary)

Date: 31 March 03

$\overline{\phantom{a}}$

Print name:

Tarun J. Raniga

______________________________________

⁺ See chapter 19 for defined terms.