IMAGE RESOURCES NL — Major Shareholding Notification 2006

Sep 12, 2006

Form 603

Corporations Act Section 671B

Notice of initial substantial holder

To: Company Name/Scheme	Image Resources NL
Details of substantial holder (1) 1.
Name:	UBS Nominees Pty Ltd and its related bodies corporate.
A8N.	32 001 450 522
The holder became a substantial holder on: I	11 September 2006

2. Details of voting power

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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	- Number of securities	Persons' votes (5)	Voting power (6)
Jrdinary	--------- $0.063.81^{-8}$	____ ----- .063.81	أأوراد والاستنساسي والارود والالالا والاستنسال الالادواء ----

З. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest Canada para man	Nature of relevant interest (7)	Class and number of securities
UBS AG London Branch .	Prime Broker with power to exercise disposal of shares	16,800	Drdinary
UBS Securities Australia Ltd. ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,	-Beneficial owner	5.047.017	Ordinary _________

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant	Reaistered holder of	-Person entitled to be	Class and number of securities
interest.	securities	registered as holder (8)
U8S AG London Branch --------------------------------------	Various Custodians.	-Various Custodians	16.800 Ordinary
UBS Securities Australia Ltd	Unknown Custodians	-Unknown Custodians	Ordinarv -5.047.017

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9).		Class and number : : securities Ωī
,,,,,,,,,,,,,,,,,,,		.esh	Non-cash ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
* Please note that details of trading could not be obtained at the time of lodgement.	--------------------------------------			_________

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

ERMANIA (EZERKEREN AMERIKAN ERANGER

Name and ACN (if applicable)	-Nature of association _______
-U8S AG London Branch -	- Related body corporate - ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
UBS Securities Australia Ltd.	- Related body corporate - ---------------------------------------

7. Addresses

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

termine to a construct and an experimental construction of the construction of the construction of the construction Name and ACN (if applicable).	,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Address
- I 狢S AG Echdon Branch -	100 Liverpool Street, London, EC2M 2RH. uuristaanid kansan on saanna rannon maannaan aan aan aan an aan aan aan aa .
UBS Securities Australia Ltd.	Level 25, 1 Farrer Place, Sydney 2000

Signature

Экономические принимального принимального принимального королевских положением особенности под принимальности		™™™™™™™™ ™™™™™™™™™™™™™™™™™™™™™™™™™™™™
Sian here: all consideration of the construction س مستقرر من مستقرر المستقرر المعالم الأوسيلية. المستقرر المستقرر المستقرر المستقرر المستقرر المستقرر المستقرر المستقرر المستقرر المستقرر المستقرر المستقرر ال ANY COMMUNISMENT AND ANY ANY ANY ARRANGEMENT OF A COMMUNISMENT ____ --------------------------------------	Date:	September 2006 for. ______

明治报酬期期调理

Contact details for this notice:

--------------------------------------Leanne Livingstone Legal & Compliance $(w) + 61293243869$ $(1) + 61293242558$ Émail: leanne.livingstone@ubs.com $\ldots$ . . . . . . . . . . . . . . . . . . . .