ILUKA RESOURCES LIMITED — Major Shareholding Notification 2003

May 8, 2003

FACSIMILE

Deutsche Bank

Tо	Company Secretary Iluka Resources Limited	Deutsche Bank AG ABN 13 064 165 162 GPO Box 7033 Sydney NSW 1170 Level 18, 225 George Street
Fax No	$(08)$ 9221 7744	Sydney NSW 2000 Australia
CC	Company Announcements Office Australian Stock Exchange (via ASX Online or fax 1300 300 021)	Tel: 02 9258 1234 Fax: 02 9258 2223 Direct: 02 9258 2674
From	Raymond Leong
Date	09 May 2003
Subject	Substantial Shareholding Notice
	Total Pages 3 (including this page)

If you do not receive all the pages, please telephone immediately.

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This facsimile is intended only for the individual or entity named above and may contain information that is confidential and privileged. If you are not the intended recipient you must not use, distribute or copy this facsimile. If you have received this facsimile in error, please notify us immediately by telephone and destroy the original. Thank you.

Attached is copy of Substantial Shareholder Notice we have lodged today with the ASX. The original was posted to you today.

Raymond Leong Compliance Officer

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Form 605

Corporations Act Section 671B

Notice of ceasing to be a substantial holder

To:	Iluka Resources Limited Level 5, 553 Hay Street Perth WA 6000
ABN	34 008 675 018
To:	Australian Stock Exchange Limited
l.Details of substantial holder

Name and ABN (if applicable)

DeutscheBank AG (ABN 13 064 165 162) and its related bodies corporate (together, the "Deutsche Bank Group")

The holder ceased to be a substantial holder as at close of business on 07 May 2003.

The previous notice was given to the company on 08 May 2003. The previous notice was dated 08 May 2003.

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting 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 relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
Refer to	Refer to	Refer to	Refer to schedule	Refer to schedule 1.	See previous
schedule 1.	schedule 1.	schedule 1.			column.

3. Changes in association

$N/A$

4. Addresses

Name Deutsche Bank AG Address C/- Level 18, 225 George Street, Sydney, New South Wales 2000

Signature

Name Paul Packham

Date 09 May 2003

Schedule 1 to Form 605

Group Name	ASX.			Stock Trade Date Trans Type	Trans, Number Consideration
DEUTSCHE SECURITIES	11 I J	ORD.	07/05/2003	В	10.000	$-42.000.00$
DEUTSCHE SECURITIES	88 U	ORD.	07/05/2003	в	1.280	-5.414.40
DEUTSCHE SECURITIES	H L J	ORD.	07/05/2003	s	-6.400	27.200.00
DEUTSCHE SECURITIES	88 U	ORD.	-07/05/2003-	в	26.200	-112.063.69

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