IMUGENE LIMITED — Major Shareholding Notification 2004

Aug 12, 2004

				Form 605
				Corporations Act 2001 Section 671B		Alla Leven
				Notice of ceasing to be a substantial holder
	To Company Name/Scheme	IMUGENE LIMITED
ACN/ARSN / ABN		99 009 179 551
	1. Details of substantial holder(1)
Name				MCRAE INVESTMENTS PTY LTD - TECHSTART AUSTRALIA PTY LTD
	ACN/ARSN (if applicable)	008 696 731			ACN 088 633 916
					100% SUBSIDIARY OF
substantial holder on	The holder ceased to be a		6/8/04		MCRAE INVESTMENTS PTY LTD
	The previous notice was given to the company on
	The previous notice was dated		$\frac{l}{l}$
	2. Changes in relevant interests
		Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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	Nature of change (4)	Consideration given in relation	Class (6) and number af	Person's votes affected
		changed		to change(5)	securities
					affected
	3/8/04 6/8/04	MCRAE INVEST TECHSTART P/L	BOLD ON MKT BOLD ON MKT	99000 1675000	300000 5000000	MCRAE INVEST TECHSTART AUST P/L
	3. Changes in association
	Interests in the company or scheme are as follows:	The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting
		Name and ACN/ARSN (If applicante)	Nature of association
4. Addresses
		The addresses of persons named in this form are as follows:
	Name		Address
		MCRAE INVESTMENTS PTY LTD	C/-	LENA HILTON P/L	TST $\overline{\text{FIR}}$ 1310.	HAY ST WEST
		TECHSTART AUSTRALIA P/L	C/-	LENA HILTON P/L		1ST FLR 1310 HAY ST WEST
Signature
				capacity
	sign here	print name $\underline{M}$ ( l ear) Havela $CL016N$	Me cal		Chairman date $121812044$

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