IONIC RARE EARTHS LIMITED — Director's Dealing 2003

Jan 13, 2003

L,

TELEPHONE: (08) 9486 8598

FACSIMILE: (08) 9486 8597

FACSIMILE

TO: Company Announcements Platform

1300 300 021 FAX NO:

W M Day FROM:

13 January 2003 DATE:

TOTAL PAGES: 9 (INCLUDING COVER PAGE)

DIRECTORS INTERESTS SUBJECT:

Attached are the following:

Neil Thomas O'Loughlin Wolf Gerhard Martinick Linton Harvey Chapman Marcello Davide Cardaci

Appendix 3X Appendix 3X Appendix 3Y Appendix 3Z

Why Ory

William M Day Company Secretary

GROUND FLOOR, ZURICH HOUSE 66 KINGS PARK ROAD, WEST PERTH WA 6005

EMAIL: linton@ezenet.com.au EZENET LIMITED ACN 083 646 477

Service States

and the company

Rule 3.19A.1

Appendix 3X

Initial 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
ABN	84 083 646 477

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Neil Thomas O'Loughlin
Date of appointment	10 January 2003

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

1,159,088 ordinary fully paid shares

• See chapter 19 for defined terms.

11/3/2002

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Appendix 3X Page 1

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest.	Number & class of Securities

Part 3 – Director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002

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Rule 3 19A.1

Appendix 3X

Initial 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
ABN	84 083 646 477

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Wolf Gerhard Martinick
Date of appointment	10 January 2003

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

4,075,912 ordinary fully paid shares

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 1

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Part 2 - Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of Number & class of Securities interest Note: Provide details of the circumstances giving rise to the relevant interest.
Martinick McNulty Pty Ltd As trustee for The Martinick Superannuation Fund	2,802,920 ordinary fully paid shares

Part 3 – Director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002

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13-1WM-03 MON 18:32 EZENEL