HELIX RESOURCES LIMITED — Major Shareholding Notification 2005

Jun 26, 2005

Corporations Law Section 671B

Notice of change of interests of substantial holder

Tο	Company Name/Schene	HELIX RESOURCES LIMITED
	ACN/ARSN	009 138 738
1.	Details of substantial holder(1)
Name ACN/ARSN (if applicable)		VANDAL INVESTMENTS FIY LITI -070 684 810
There was a change in the interests of the substantial shareholder on		08 / 12 / 04
The previous notice was given to the company on		18 / 08 / 03
The previous notice was dated		18/08/03

$\hat{Z}_n$ Previous and present voting power

The total number of votes attacked 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 holding notice to the company or scheme, are as follows:

- Class of Securities(4) -	Previous notice-		Present notice :
	Pesson's votes :	Voting power (5)	Person's votes	– voling power m
-Ord Fully Paid-	4-234-406	風食物	4 美绿尾猴	553%

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 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	Person whose	Nature of change	Consideration	Class and	Person's votes
change.	relevant interest.	Íбì	ន្តបែនពាប់៖	panber of	affected
	vinnged		relation to	securities
			$\alpha$ change $(7)$	affected
08.12.04	Yandal Investments	Dilution due to an		-4,234,406	-4.234.406.
	Ptv Ltd	increase in Helix
		Resources Ltd
		share capital to
		76,560,120 as a
		result of Rights
		issue and
		Placement

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,	________

4. Present relevant interests.

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

Halder of relevant insteress.	Registered. holder of securities	Person entitled to be registered as holder (8)	Nahme of relevant interest (6)	Class and number of securities	Person's votes えいこい いっこう こうりょうじょうりょうり
Yandal invesbnents Prv Lid	Yandal Investments Piv Lid	Yandal Investments Ptv i tel	Holder.	4.234.406 Ordinary. fully. naid	4.234.406

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	Nature of association.
applicable)
population and set of the state and the	20 J A

Addresses ĥ.

Name	sririmess
.	N. ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

2007 - Jan Jan Jawa Sandari (Jawa Jawa) a Marejeo a Marejeo a Garcia (Jawa Jawa Jawa) a Marejeo a Marejeo a

Signature

Printname	MARK GARETH CREASY capacity Sole Director & Secretary
Sign here	JANDAL INVESTMENTS PTY LTD	date	- 27 / 06 / 05

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. A $(1)$ 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. $(3)$

• $\left(\cdot\right)$ The voting shares of a company constitute one class unless divided into separate classes.

• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ Include details of:
• $(a)$ any relevant agreement or other circumstances because of which the change in relevant interest 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.

• $\left(\overline{\mathcal{J}}\right)$ 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 $[3] % \centering \includegraphics[width=0.9\columnwidth]{figures/fig_10.pdf} \caption{The average number of times of the two times, and the average number of times, and the average number of times, respectively.} \label{fig:time}$ 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.