CTI LOGISTICS LIMITED — Major Shareholding Notification 2004

Oct 17, 2004

605 page 1/2 15 July 2001

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	CTI LOGISTICS CIAITS
ACN/ARSN	DOD ግግነ ጎኔ ታ

1. Details of substantial holder(1)

Name	DRAYCOTT PTZ LTD
ACN/ARSN (if applicable)	$54007$ 725 ロクト

I $\prime$

The holder ceased to be to substandal hutder on

The previous notice was given to the company on $8/10/02$ The previous notice was dated $310102$

2. Cassiges la reievant faterests

Paticulas of each stange in, or change in the nature of, a relevant interest (2) of the substantial indier or an associate (3) in voting securities of the company or scheme, since the
substantial holder was last naquired t

Date of change	Person whose relevant interest changed	Nature of chante (4)	Consideration oiven in telation to change(5)	Class (6) and number of securities affected	Ferson's votes affecteri
33/9/54	DRAYCOTT TIL	D15852C	$300 \cos$	$1.500$ הבת 1500 $\pm$

1 Compes 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

4. Addresses

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

	Address
$\mathbf{\rho}_{TT}$ $\sqrt{2}$	1.45 P		760/10	Sя
		Capacity		SIRCLINE
		جلطه
	R A Jene, RAY DON	L/M3	$A$ VCVLE