IMAGE RESOURCES NL — Director's Dealing 2004

Jul 29, 2004

Appendix 3Y

Change of Director's Interest Notice

Name of entity	IMAGE RESOURCES NL
ABN:	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	20 July 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	23,26 and 27 July 2004
No. of securities held prior to change	6,363,070 Fully Paid Ordinary Shares - Direct Interest 2,505,925 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
Number acquired	10,500
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$4,230

No. of securities held after change	6,373,570 Fully Paid Ordinary Shares -
	Direct Interest
	2,505,925 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 on shares 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