IMPERIAL PACIFIC LIMITED — Major Shareholding Notification 2003

Jan 23, 2003

Belmont Holdings Limited

$(7000144561)$

Level 10 19 Pitt Street Sydney NSW 2000 Tel: 9247 9315 Fax: 9247 9336

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Company Announcements Fax to: Australian Stock Exchange Limited

Mr P.E.J.Murray From:

Company Announcement

Change in Substantial Shareholding

. . . . . . . . . . . . . . . Peter EMMurray Director

belasxcover

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: Company Name:	Belmont Holdings Limited
ACN /ABN:	65 000 144 561

1. Details of Substantial Holder

Name:	Mr Victor John Plummer
ACN / ABN (if applicable):	па
There was a change in the interests of the Substantial Shareholder on: The previous notice was given to the company on: The previous notice was dated:	16 November 2001 June 1994 (est) June 1994 (est)

2. Previous and present 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 had a relevant interest in when last required and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities	Previous Notice		Present Notice
	Person's	Voting power	Person's	Voting power
	votes		votes
Ordinary Shares	408.950	14.6%	508.950	17.5%

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	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
16 Nov 2001	VJ Plummer	Increase îп Belmont capital by allotment οf 100,000 shares	50 cents	100,000 Ordinary	Increased from 14.6% to 17.5%

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 Interest	Registered holder of securities	Persons entitled to be registered as holder	Nature of relevant interest	Class and number of securities	Person's votes
l VJ i Plummer	VJ Plummer	VJ Plummer	Personal holding	508.950	17.5%

5. Changes in association

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

Name and ACN / ABN (if applicable) .	Nature of Association
	нс

6. Addresses

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

Name	Address
MrVJ Plummer ---------- _	GPO Box 1186 Sydney NSW 2001

Signature:

$00\%$

Print Name P.E.J. MURRAY
Sign here CA	.	$2 + 1$ $12$

Form604subholds.doc