IMAGE RESOURCES NL — Director's Dealing 2004

Nov 28, 2004

Appendix 3Y

Change of Director's Interest Notice

Name of entity	IMAGE RESOURCES NL
IABN:	57 063 977 579

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

∣ Name of Director	George Sakalidis
Date of last notice	3 November 2004

Part 1 - Change of director's relevant interests in securities

Direct or indirect interest	Direct and Indirect
Nature of indirect interest (including registered holder)	Interest held by Leeman Pty Ltd, a company controlled by Mr Sakalidis
Date of change	23 November to 29 November 2004
No. of securities held prior to change	6,471,570 Fully Paid Ordinary Shares - Direct Interest 2,305,925 Options to subscribe for Fully Paid Ordinary Shares exercisable on or before 25.8.2006 at 25 cents each - Direct Interest 800,000 Options to subscribe for Fully Paid Ordinary Shares, exercisable on or before $27.11.2008$ at $33.5$ cents each – Direct Interest 112,000 Fully Paid Ordinary Shares Indirect Interest
Class	Shares	Options
Number acquired	65,000	Nil
Number disposed	Nil	900,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$24,982	\$106,500

No. of securities held after change	6,536,570 Fully Paid Ordinary Shares - Direct Interest 1,405,925 Options to subscribe for Fully Paid Ordinary Shares exercisable on or before 25.8.2006 at 25 cents each - Direct Interest 800,000 Options to subscribe for Fully Paid Ordinary Shares, exercisable on or before $27.11.2008$ at 33.5 cents each – Direct Interest 112,000 Fully Paid Ordinary Shares Indirect Interest
Nature of change	Purchase and sale of shares and option on market

Part 2 - Change of director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change
Interest acquired
Interest disposed
Value/Consideration
Interest after change