IMPERIAL PACIFIC LIMITED — Major Shareholding Notification 2003

Jan 22, 2003

23 January 2003

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Belmont Holdings Limited

$(709)(65000144561)$

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

.
"" " "" "" EXCHANGE BET000071

Company Announcements Fax to: Australian Stock Exchange Limited

From: Mr P.E.J.Murray

Company Announcement

Change in Substantial Shareholding

g . . . . Peter EJ My $\pi$ ay Director

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: Company Name: ACN /ABN:

Belmont Holdings Limited 65 000 144 561

1. Details of Substantial Holder

Name:	Peter Edward John Murray
ACN / ABN (if applicable):	na
There was a change in the interests of the
Substantial Shareholder on:	20 January 2003
The previous notice was given to the company on:	June 1988 (est)
The previous notice was dated:	June 1988 (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
l Ordinary Shares	1.060.245	37.8%	1,065,245	36.7%

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	P.E.J.Murray	Increase m Belmont capital	па	1,060,245 Ordinary	Reduced from 37.8% to 36.5%
20 Jan 2003	P.E.J.Murray	Purchase of 5,000 shares	75 cents per share	Ordinary	Increase to 36.7%

$\frac{1}{1}$

4. Present relevant interests

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

Holder Ωf 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
PEJ Murray	PEJ Murray	PEJ Murray	Personal holding	799,968	27.5%
PEJ Murray	Peimont Securities Pty Limited	Pejmont Securities Pty Limited	Superannuation Fund	263,077	9.1%
PEJ Murray	P Wood	Pejmont Securities Pty Limited	Trust	1,000	0.0%
PEJ Murray	Pipade Pty. Limited	PEJ Murray	Family associate	1.200	0.1%

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

6. Addresses

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

Name	$\sim$ $\sim$ $\sim$ Address
PEJ Murray . $\blacksquare$ . 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	30 Esther Road, Balmoral Beach, NSW 2088

Signature:

Print Name $P \in 2 \cdot M$ O P.A.A.T Capacity $S \in C$
$Sign here.$ $\bigcup {$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$ $\qquad \qquad$		$\frac{13}{100}$ , $\frac{1}{100}$ , $\frac{93}{100}$