IGO LIMITED — Share Issue/Capital Change 2004

Jan 4, 2004

PO Box 893, South Perth Western Australia 6951 Tet: +61 8 9367 2755 Fax: +61 8 9367 3288 E-mail: contact@indopendencegroup.com.au Website: www.independencegroup.com.au

FAX TRANSMISSION

TO:	Company Announcements
COMPANY:	Australian Stock Exchange Limited
FAX NO:	1900 999 279
FROM:	Christopher Bonwick
DATE:	5 January 2004
NO. OF PAGES: (including this page)	2
SUBJECT:	Amendment to Announcement

AMENDMENT TO PREVIOUS ANNOUNCEMENT DATED 5 JANUARY 2004

Please note that the attached is to replace the previous announcement sent through earlier today in relation to shares due to come out of escrow on 17 January 2004.

Yours faithfully

Innder to

Confidentiality

Please check that you have received this document in full. If not, please telephone our operator immediately on (08) 9367 2755.

This document is confidential and may contain legally privileged information. If you are not a named or authorised recipient you
must not read, copy, distribute or act in reliance on it. If you have received this document immediately on (08) 9367 2755 and return the document by mail.

$5$ January $2004\,$

Australian Stock Exchange Limited Company Announcements Level 10 20 Bond Street SYDNEY NSW 2000

By Facsimile: 1900 999 279

Dear Sir

This is to advise that the company has 17,690,000 ordinary shares and 9,510,000 partly paid shares which are due to come out of escrow on 17 January 2004.

The company will apply for quotation of the ordinary shares as soon as possible after the escrow period has expired.

Yours faithfully INDEPENDENCE GROUP NL

Christopher Bonwick Managing Director

PO Box 893, South Perth Western Australia 6951 Tel: +61 8 9367 2755 Fax: +61 8 9367 3288 E-mail: contact@independencegroup.com.au Website: www.independencegroup.com.au