HELIX RESOURCES LIMITED — Director's Dealing 2003

Jul 29, 2003

Rule 3.19A.2

Change of Director's Interest Notice

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 30/9/2001.

Name of entity	HELIX RESOURCES LIMITED
IA BN	27 009 138 738

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Brvce Edward WAUCHOPE
Date of last notice	9 JANUARY 2002

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect inferest	Niddrie Holdings Pty Ltd, of which BE
(including registered holder) Note: Provide details of the circumstances giving rise to the relevant inferest.	Wauchope is a Director and Shareholder
Date of change	$25th$ July 2003
No. of securities held prior to change	442,502 Fully Paid Shares ۰ 140,834 Listed Options
Class	Fully Paid Shares
Number acquired	31,250 ۰
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$5,000
No. of securities held after change	473,752 Fully Paid Shares 140,834 Listed Options

Appendix 3Y

⁺ See chapter 19 for defined terms.

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Subscription to Share Purchase Plan
Direct or indirect interest	Direct
Nature of indirect interest
(including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	$25^{th}$ July 2003
No. of securities held prior to change	50,000 Fully Paid Shares ۰
	16,667 Listed Options
Class	Fully Paid Shares
Number acquired	31,250
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$5,000
No. of securities held after change	81,250 Fully Paid Shares ٠
	16,667 Listed Options
Nature of change	Subscription to Share Purchase Plan
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change

$+$ See chapter 19 for defined terms.

No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

$+$ See chapter 19 for defined terms.