ILUKA RESOURCES LIMITED — Major Shareholding Notification 2003

Mar 16, 2003

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Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

Iluka Resources Limited To: ACN/ARSN 008 675 018

1. Details of substantial holder

Name	Barclays Group ("Barclays")
ABN		33 001 804 566 (Barclays Global Investors Australia Limited)
The holder ceased to be a substantial holder on		12/3/03
The previous notice was given to the company on		7/1/03
The previous notice was dated		7/1/03

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interests 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
12/3/03 $Barclus - see$ Annexure A		Sale of market	Average trading price \$4.19	10,696,780	4.59%

3. Changes in association

The persons who have becomes associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) ______ _____ .	--- association Nature o . .
-----	See Annexure A --- ---

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Barclays Global Investors	1/111 Harrington Street, Sydney NSW 2000
Australia Limited

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Signature

ALL

Christopher Robson
Company Secretary
Barclays Global Investors Australia

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This is "Annexure A" of 1 page referred to in Form 605 Notice of ceasing to be a substantial holder

Relevant interest in Iluka Resources Limited held by the Barclays Group ("Barclays").

ASX CODE	STOCK NAME	HOLDING	%	COMPANY
				Barclays Capital Securities Ltd
ILU	ILUKA RESOURCES	235,549	0.1012
ILU	ILUKA RESOURCES	265,205	01139	Barclays Global Investors Japan Trust & IBanking
ΙW	ILUKA RESOURCES	6,071,281	2.6078	Barclays Global Investors Australia Ltd
ILU	ILUKA RESOURCES	71,627	0.0308	Barclays Global Fund Advisors
ILU	ILUKA RESOURCES	2,564,846	1.1017	Barclays Global Investors NA
ILU	ILUKA RESOURCES	144.056	0.0619	Barclays Life Assurance Co Ltd
ILU	ILUKA RESOURCES	14,108	0.0061	Barclays Nikko Global Investors Ltd
ILU.	ILUKA RESOURCES	1,330,108	0.5713	Barclays Global Investors Ltd
		10,696,780	4.5947

The list of Barclays entities and their respective holdings as at 12 March 2003 are as follows:

The JP Morgan Chase Bank Inc. and various other custodians (Custodians) hold shares in Iluka Resources Limited (Iluka) as custodian and for which Barclays is either:

• the responsible entity or trustee of pooled investment products such as registered managed investment schemes (Funds); or
• the investment manager of Portfolios held for a number of institutional investors. The institutional investors ٠ are generally superannuation funds regulated under the Superannuation Industry Supervision Act 1993.

The holding of shares in Iluka was acquired as part of the wide portfolio of Australian shares and units acquired for the Funds and the Portfolios.

Barclays and the Custodians may hold relevant interests due to the capacity of these entities to dispose of the shares in Iluka.

Each investor in a Fund owns an undivided interest in the Fund's assets, no client directly owns any asset of the Fund. The unitholding of each Fund varies from time to time as clients enter and withdraw from the Funds. The various institutional investors with portfolios delegate the management of the portfolios to Barclays.

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Christopher Robson Company Secretary Barclays Global Investors Australia