ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — Major Shareholding Notification 2003

Oct 20, 2003

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TO: The Manager		FROM:	Amanda Lane
COMPANY.		DATE:
	Companies Section Australian Stock Exchange		24 OCTOBER 2003
FAX NUMBER: 1900 999 279		TOTAL NO. OF PAGES INCLUDING COVER:
PHONE NUMBER:		SENDER'S REFERENCE NUMBER: 03 9602 9267
RE:			YOUR REFERENCE NUMBER:
$\Box$ urgent	$\Box$ for review	$\Box$ PLEASE COMMENT	OPLEASE REPLY	$\Box$ please recycle

NOTES/COMMENTS:

Please find attached Notice of Change of Interests of Substantial Shareholder in accordance with Sub Section 617B of the Corporations Act.

604 page 1/2 15 July 2001

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Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Environmental Solutions International To Company Name/Scheme 너け ACN/ARSN 1. Details of substantial holder(1)

Name	Margan		Nominces Anstralia –ਾ⊅
ACN/ARSN (if applicable)	אָס (קאָ
There was a change in the interests of the substantial holder on	22/10/03	$\sim$ .	the community of the com-	۰.
The previous notice was given to the company on The previous notice was dated

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3)
in when last required, and when now r

Class of securities (4)	Previous notice	___ ___	Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
ORDINARY SHARES	6662917		4.631.517

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the
substantial holder was last required to give

Date of change	Person whase relevant interest changed	Nature of change (6)	Consideration given in relation to change $(7)$	Class and number of securities affected	Person's votes affected
	22110003 JP Morgan	SALE	553023.81	$2,031 + 0$
	Aust Ltd

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
	LADUCATION			463517
	NOMMEDS AUST
	دسم $\overline{\phantom{a}}$

604 page 2/2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

----- Name and ACN/ARSN (if a : apolicable)	. Nature of association .

6. Addresses

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

Name	Address
ΠP. MORCUM NOMINEER	RAG යාපා べき . .
AVETRALIA .	mo دس	___
	_ ___

Signature

print name	AN COURT	mapatty CE⇔ → → → → → → $\cdots$ $\cdots$
sign here	$\sim$ — ——— d ソ CT	5220/10

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an $(1)$ equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• $\omega$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $\left(\begin{smallmatrix} 1\ 1\ 0 \end{smallmatrix}\right)$ See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless diviced into separate classes. $(4)$
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $⁽⁶⁾$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any $(a)$ document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to $\boldsymbol{\left( 0\right) }$ which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becom e $\left( 7\right)$ experiment in the contract contract any conservation. Details must be located went in the proper num when a receive measured was enquired its, or may, become entitled to receive in relation to that acquisition. Details mus the relevant interest was acquired.
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant Interest arises because of an option) write "unknown". $(8)$
• $\left( 9\right)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.