HELIX RESOURCES LIMITED — Major Shareholding Notification 2005

Jul 25, 2005

Corporations Law $S_ection$ 671 $B$

Notice of change of interests of substantial holder

Company Name/Scheme	HELIX RESOURCES LIMITED
ACN/ARSN	009 138 738
Details of substantial holder(1)
	YANDAL INVESTMENTS PTY LTD 070 684 810
	22/07/05
	27 / 06 / 05
	27/06/05
	ACN/ARSN (if applicable) There was a change in the interests of the substantial shareholder on The previous notice was given to the company on The previous notice was dated

Previous and present voting power $\overline{a}$

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 required, to give a substantial bolding notice to the company or scheme, are as follows:

Class of Securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Ferson's votes-	Voting power (5)
- Ord Fully Paid-	5.234.406	682%	6.234.406

$3_k$ Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associating/securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose refevant interest changed.	Nature of change 161	Consideration given in relation to change $(2)$	Class and number of securities affected	Person's votes. affected
22.07.05	Yandal Investments Pre Ltd	Purchased ОB market between 27 june 2005 and $22 \mid $183,243,42$ July 2005		1.000.000 Ordinary fully paid.	6.234.406

ą. Present relevant interests

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

Holder of	Registered	Person entitled -	Nature of	Class and	Person's votes
relevant	holder of	to be registered.	relevanti	number of
ivierest	securities	as holder (3)	interest (6)	securities
Yandall	Yardal	Yaadal	Holder	6.234.406	6.234.406
investments	Investments	Investments		Ordinary hally
ਇਝ ਡਿਰ	Ptv Ltd	Prv Lrd		naid.

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 appiicable). Andersterfeld (1992) communication of the theory of the company of the company of	Nature of association.
	NZA
	!?????????????????????????????????

Addresses б,

Nanie	Address vaaraaraaraaraaraa waxaa waxaa waxaa waxa wax
	- 83 C 6 B A --------------------------------------
The conformation of the control of the following of the process and continuous continuous continuous continuous

......................................

Sigmature

Print name	MARK GARETH CREASY capacity Sole Director & Secretary
	YANDAL INVESTMENTS PTY LTD
Sign here		riare	25 / 07 / 05

DIRECTIONS

• $(1)$ 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 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.
• See the definition of "associate" in section 9 of the Corporations Law. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Law. (3)
• The voting shares of a company constitute one class unless divided into separate classes. (4)

• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $\langle 5 \rangle$

• $\langle 6 \rangle$ Include details of:

• any relevant agreement or other circumstances because of which the change in relevant interest (a) occurred. If subsection 6718(4)applies, a copy of any 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 ${b}$ exercise of, the voting powers or disposal of the securities to 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 Law.

• Details of the consideration must include any and all benefits, money and other, that any person $(7)$ from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• $(8)$ If the substantial holder is unable to determine the identify of the person (eg. If the relevant interest arises because of an option) write "unknown".

• Give details, if appropriate, of the present association and any change in that association since the $(9)$ last substantial holding notice.

• $(\odot)$ iachde details of:

• any relevant agreement or other circumstances because of which the change in relevant interest $(a)$ occurred. If subsection 671B(4)applies, a copy of any 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
• ${b}$ 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 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 Law.

• $\binom{2n}{2}$ 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, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• If the substantial holder is unable to determine the identify of the person (eg, if the relevant interest $(8)$ arises because of an option) write "unknown".
• Give details, if appropriate, of the present association and any change in that association since the 19) last substantial holding notice.