IMPERIAL PACIFIC LIMITED — Director's Dealing 2003

Jan 21, 2003

Belmont Holdings Limited

(ABN 65 000 144 561)

$Level10$ 19 Pitt Street Sydney NSW 2000 Tel: 9247 9315 Fax: 9247 9336

22 January 2002

Fax to: Company Announcements Australian Stock Exchange Limited

Mr P.E.J.Murray From:

Company Announcement

Change of Directors Interest

. . . . . . . . . . . . . . . Peter EJ Murray Director

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Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity:	Belmont Holdings Limited
ABN:	65 000 144 561

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	Mr Peter Edward John Murray
Date of last notice	10 Јавнагу 2002

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (1) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the refevant interest.	Purchase by superannuation fund
Date of change	20 January 2002
No. of securities held prior to change	799,968 Peter Edward John Murray 259,077 Pejmont Securities Pty Ltd 1,200 Pipade Pty Ltd .060.245
Class	Ordinary Shares
Number acquired	5,000
Number disposed	Nil
Value/Consideration Note. If consideration is non-cash, provide details and estimated valuation	75 cents per share
No. of securities held after change	799,968 Peter Edward John Murray 264,077 Pejmont Securities Pty Ltd Pipade Pty Ltd 1.200 1.065.245

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Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On market trade
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Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	NA
Nature of interest	ΝA
Name of registered holder (if issued securities)	NA
Date of change	NA
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	NA
Interest acquired	NA
Interest disposed	NА
Value/Consideration Note: If consideration is non-cash, provide details and an calimated valuation	NA
Interest after change	NA.

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