HELIX RESOURCES LIMITED — Major Shareholding Notification 2002

Dec 23, 2002

HELIX RESOURCES LIMITED

TOP 20 OPTIONHOLDERS

Rank	Optionholder	Total Units	% Issued Capital
1	Zero Nominees Pty Ltd	912,934	7.10%
$\overline{2}$	Colter Holdings Pty Ltd	738,237	5.74%
3	Invia Custodian Pty Ltd	718,112	5.58%
4	Cairnglen Investments Pty Ltd	334,045	2.60%
5	Mr. John Halaska	270,000	2.10%
6	220,594 ANZ Nominees		1.72%
$\overline{7}$	171,800 Reynolds Nominees Pty Ltd		1.34%
8	Mr. Michael Hopkins 156,667		1.22%
9	Niddrie Holdings Pty Ltd	148,168	1.15%
10	Mr. Michael Betts & Mr. Richard Croft	135,000	1.05%
11	Mr. Donald Grant & Mrs. Judith Grant	118,500	0.92%
12	Mrs. Carmel Joyner	116,667	0.91%
13	Lawrence Crowe Consulting Pty Ltd	115,834	0.90%
14	Tromso Pty Limited	113,334	0.88%
15	Sansega Pty Ltd	110,000	0.86%
16	Mr. Abdelaziz Soliman	106,667	0.83%
17	Kafir Pty Ltd	106,667	0.83%
18	Mr. Ari Haramis	106,000	0.82%
19	Mr. Dushyant Punjab & Mrs. Geeta Punjab	104,000	0.81%
20	Mr. Kevin Smithson & Mrs.Susan Smithson	104,000	0.81%
	TOTAL	4,907,226	38.16%

SPREAD REPORT

Spread of Holdings	Number of Holders	Number of Units
$1 - 1,000$	151	87,294
$1,001 - 5,000$	268	730,883
$5,001 - 10,000$	114	900,568
10,001 - 100,000	174	6,193,442
100,001 and Over	24	4,948,123
TOTAL	731	12,860,310