IMAGE RESOURCES NL — Director's Dealing 2004

Jan 7, 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∶	8 January 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	24 December 2003
No. of securities held prior to change	5,518,370 Fully Paid Ordinary Shares (escrowed until 4 July 2004) - Direct Interest 742,000 Fully Paid Ordinary Shares - Direct Interest 2,505,925 Options to subscribe for Fully Paid Ordinary Shares (escrowed until 4 July 2004) exercisable on or before 25.8.2006 at 25 enets each - Direct Interest 104,000 Fully Paid Ordinary Shares - Indirect Interest
Class	Options
Number acquired	800,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

No. of securities held after change	5,518,370 Fully Paid Ordinary Shares
	(escrowed until 4 July 2004) - Direct Interest
	782,200 Fully Paid Ordinary Shares - Direct
	Interest
	2,505,925 Options to subscribe for Fully Paid
	Ordinary Shares (escrowed until 4 July 2004)
	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	Issued in accordance with shareholders
	resolution passed at AGM on 27.11.2003

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