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IGO LIMITED Share Issue/Capital Change 2004

Jan 4, 2004

65111_rns_2004-01-04_859a9cd8-d364-4dca-9a3e-1c892d832d96.pdf

Share Issue/Capital Change

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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 1,769,000 ordinary shares and 951,000 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: [email protected] Website: www.independencegroup.com.au