IONIC RARE EARTHS LIMITED — Director's Dealing 2003

Jan 14, 2003

the contract of the continuum to the continuum of the companies and continuum to the continuum of the continuu

FACSIMILE TRANSMISSION

DATE:

$\sim$

ATTENTION:

15 JANUARY 2003

COMPANY ANNOUNCEMENTS PLATFORM

ASXLTD

COMPANY:

FAX NO:

1300 300 021

3 (INCLUSIVE) PAGES:

Please advise if this copy is incomplete or illegible by phoning 08 9243 1824

DIRECTOR'S INTERESTS

Attached is an Appendix 3Y for Dr Wolf Gerhard Martinick

Why Ory

$\cdot$

William M Day Company Secretary

Ezenet Limited ACN 083 646 477 ABN 84 083 646 477 Ground Floor Zurich House 66 Kings Park Road West Perth WA 6005

Telephone: +618 9466 6598 Facsimile: +618 9486 8597 Email: linton@ezenet.com.au

Rule 3.19A.2

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	---- EZENET LIMITED
IABN	$\cdots$ 84 083 646 477

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	Wolf Gerhard Martinick
Date of last notice	10 January 2003
$-0.000$

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 (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Direct
Date of change	13 January 2003
No. of securities held prior to change	W G Martinick 4,075,912 ordinary shares Martinick McNulty Pty Ltd Atf The Martinick Superannuation Fund 2,802,920 ordinary shares
Class	Ordinary Fully Paid Shares
Number acquired	5,800
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$417.60

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

$\ddot{\phantom{a}}$

No. of securities held after change	W G Martinick 4,081,712 ordinary shares
	Martinick McNulty Pty Ltd Att The Martinick Superannuation Fund 2,802,920 ordinary shares
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 Purchase

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 "natifiable interest of a director" should be disclosed in this part.

Detail of contract	IVA
Nature of interest	$\overline{\text{N/A}}$
Name of registered holder (if issued securities)	$\overline{N}/\Lambda$
Date of change	N/A
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.	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Appendix 3Y Page 2

11/3/2002

⁺ See chapter 19 for defined terms.