IMAGE RESOURCES NL — Major Shareholding Notification 2004

Jul 12, 2004

Form 604

Convorations Act 2001 Section 6718

Notice of change of interests of substantial holder

Τo	Company Name/Scheme	imade Resources NL
	ACNARSN 1. Details of substantial holder (1)	063 977 579
Name		Caimgien Investments Pty Ltd
	ACN/ARSN (if applicable).	006 643 769
	There was a change in the interests of the substantial holder on		12 July 2004
	The previous notice was given to the company on		21 August 2003
	The previous notice was dated		21 August 2003

2 Previous and present voting power

v.

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or acheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5) ta van verdermee en de dichtijd begin het het gebied van de verdermeerde van de verdermeerde van de verdermee	Person's votes	Voting power (5)
Ordinary	6.665.590	13.69%	6,890,840	12.39% REGISTER OF STREET

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an essociate 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 channe	Person whose relavant interest changed	Nature of change (6) പക്ഷേത്രമായ പരിക്കാരനെ കൊണ്ട് പ	Consideration given in relation to change $(7)$	Class and number of Securities affected --------------------------------------	Person's votes affected
21/8/2003 to 12/7/2004	Caimplen	Various ÐR market δ. ourchases sales		225.050	225.050

4. Present relevant interests

$\bar{z}$

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder $(8)$	Nature of relevant interest $(6)$	Class and number of securities	Person's votes
فأنحدث والمحاولات والماداة invia Custodian Lid Ptv $($ lmvia $)$	ពេហ៍គ	Caimolen		4,533,338	8.15%
Caimalan	Camulen	Caimblen All moderning and make a dealer		2,357,302	4.24%

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

		فجحابهم
	---------------- Name and ACN/ARSN (if applicable)	Nature of association Automobilities COMMON
	به دهندی کردن ÷	-344
		ئەبلىدىسىسى ئار
6. Addresses	بمستحدين Louisiano e constantino المعاهد المتحدث والمستحدث والمستحدث والمتحدث

The addresses of persons named in this form are as to lows:

Name	CARD THEY Address
Cairnglen	Level 3, 16 Queen Street, Melbourne
trvia	C/- JB Were & Son, 101 Collins Street, Melbourne

Signature

$\varphi\in\mathbb{C}$

capacity DIRECTOR DR PETER WOODFORD orint name استسعارا والرابات والتاريخ فالتاجل	120400000000
- 2004 - 2008 - 2009 - 2009 - 2009 - 2009 - 2009 - 2009 - 2009 - 2009 - 2009 - 2009 - 2009 - 2009 - 2009 - 200 Tedes & Morelfal and 13, 7, 04 sign here ******** waddii waxaa markaann
------ -------------- and the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contra
DIRECTIONS Example of the property of the second contract of the model of the property of the property of the second contract of the second contract of the second contract of the second contract of the second contract of the second

If there are a number of substantial holders with similar or related relevant interiests (eg. a corporation and its related corporations, or the manager
and mistee of an equity trust), the names could be included in an eme ${3}$ and addresses of members is clearly set out in paragraph is of the form.

• See the definition of relevant interest in sections 606 and 671B(7) of the Corporations Act 2001. $\left( 3\right)$
• The voting shares of a company constitute one class unless divided into separate dasses. $(4)$

ų

• The person's votes divided by the total votes in the body corporate or schame multiplied by 100. $(5)$
• Include details of (6)
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and (ទ) accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement cerefying this contract, acharme or arrangement, and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification ${0}$ . applies).

See the definition of 'relevant agreement' in section 9 of the Corporations Act 2001.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or ${T}$ not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions. even if they are not paid directly to the person from whom the relevant interest was acquired.
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) wite 'unknown'. ${B}$
• Give details, if appropriate, of the present association and any change in that essociation since the last substantial holding notice. $(9)$

See the definition of 'associate' in section 8 of the Corporations Act 2004. $^{(2)}$