IONIC RARE EARTHS LIMITED — Board/Management Information 2003

Apr 7, 2003

STOCK EXCHANGE RELEASE

EZENET LIMITED ACN 083 646 477 of Ground Floor Zurich House 66 Kings Park WEST PERTH WA 6005

For immediate release

Dated 4 April 2003

Ezenet Limited ("Ezenet") announces that with effect from 4 April 2003:-

• $\mathbf{1}$ . Mr. William Day has resigned as Secretary of the Company;
• $2.$ Mr. Simon Watson has been appointed Secretary of the Company in his place.

Simon Watson Company Secretary