IMAGE RESOURCES NL — Major Shareholding Notification 2006

Sep 5, 2006

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Image Resources NL
ACN/ARSN	,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, _________ 063 977 579 --------------------------------------- CONTRACTOR
1. Details of substantial holder (1)

Name	Frederick Denis L'Aime Ribton
ACN/ARSN (if applicable)
There was a change in the interests of the substantial holder on	31/08/2006
The previous notice was given to the company on	18/10/2002
The previous notice was dated	18/10/2002

2. Previous and present voting power

J,

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 scheme, are as follows:

Previous notice	-----------------		Present notice
. Person's votes	Voting power (5)	Person's votes	Voting power (5)
5,418,370	11.12%	7,581,112	10.26%
			***** CONFIDENTIAL REPORT OF THE RESIDENCE OF THE
		.	--------------- ********

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 associate 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 change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
$9.5.03$ to 13.7.06	FDL Ribton	Various on market purchases and sales	\$199.964	536,817	536,817
31.8.06	FDL Ribton	Acquisition of shares via exercise of options	\$293.891	1,175.925	1.175,925
$6.2.03$ to 17.6.06	Ribton Super Fund	Various on market purchases	\$157,965	450,000	450,000

4. Present relevant interests

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

Holder of relevant merest	Person entitled to be Registered holder of securities registered as holder (8)	. Nature of relevant interest (6) _ ------	Class and number of securities	Person's votes
Rinton Ribton La casa casa e escococerren esperen especialmente de la casa de la casa de la casa de la casa de la casa de	Ribton La conservazione dell'internazione all'internazionale di un programma di un conservazione di un conservazione	армары раракты рабова камакталарды карматында размера карашынын как менен администрациясынын камакталарды ка	'.131.112	9.65% --------------------------------------

J.

1000 Countries and Control and Control and Countries and Control Countries and Countries Ribton Super Fund	Sold and the component of the Con- Ribton Super Fund _________	_____ Ribton Super Fund 'American con concernance	ntan ang managang termasyon at termasyon termasyon ang kampayang termasyon at termatang ang termatang termatan	450,000	. 0.61% TE ETT STATISTIKE EN DIE EN ER STATISTIKE SOMETER SOMETER SOMETERE EN DIE EN DIE STATISTIKE EN DIE STATISTIKE
___

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:

Name and ACN/ARSN (if applicable)	Nature of association ---------------------------------------
N/A Soodoodd araaladdaan i filiar waa dhaa ka fara ah fara ah filiar ah faracce fara fara fara fara fara fara far	. ________ .
www.commonwealthan.com/www.com	,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ________

6. Addresses

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

Name	______ ______ Address والمختلف المتخلصة المتخلفة المتخلصة المتخلصة والساميات فبالمراد فالمحامد فيحترموا فيحو فيحوقهم والبحوا فيالا فحولاته ويحوله والحوادث والحادية فحولاته والمتوارث ستستا كتاك فالمالية فسألبأ استأنيا كالركالة والمالية المالية ومناسبا استأنسه استنباها والمالية .
FDL Ribton	PO Box 406 West Perth WA 6872
1. Ribton Super Fund . ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,	ladananana bahas 47A Kirwan Street Floreat WA 6014 - 6. --------------------------------------

Signature

Frederick DL Ribton print name ___	capacity	Principal and Trustee
-------------- Chapterbook and Chapter COMMAND าคมนี้แต่ในแพร่ไม่ก่องแสดงและทางการทางการกำหนด pysycopat Thomas nere an Philippines and a support of the --------------------------------------	uate	_________ SALES TO BE AN -72 $\mathbf{y}$

DIRECTIONS

• $(1)$ If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001. $(3)$
• ${A}$ The voting shares of a company constitute one class unless divided into separate classes.
• The person's votes divided by the total votes in the body corporate or scheme 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) ${a}$ applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• $(b)$ 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 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 $(7)$ 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 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.

• $(8)$ If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$