IONIC RARE EARTHS LIMITED — Major Shareholding Notification 2003

Jan 14, 2003

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FACSIMILE TRANSMISSION

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DATE: 15 JANUARY 2003

والمستحدث

ATTENTION:

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COMPANY ANNOUNCEMENTS PLATFORM

COMPANY: ASX LTD

FAX NO: 1300 300 021

PAGES: 3 (INCLUSIVE)

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

CHANGE IN INTERESTS OF SUBSTANTIAL SHAREHOLDER

Attached is ASIC form 604 received from Marketlane Pty Ltd.

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 9486 8598 Facsimile: +618 9486 8597 Email: linton@ezenet.com.au

	Form 604
	Corporations Act 2001 Section 671B
	Notice of change of interests of substantial holder
To Company Name/Scheme	ELENET LIMITED
ACN/ARSN	646 083 477
1. Details of substantial holder(1)
Name	$P_{\Gamma}$ MANNETLANE LTD
ACN/ARSN (if applicable)
There was a change in the interests of the substant al holder on	13/1/03
The previous notice was given to the company on	3/4/49
The previous notice was dated	13 Adv 199
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 (2) had a relevant interest (3)
In when last required, and when now r

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes comparison	Voting power (5)
SHANES $0000$ N $661$	$5411 + 19$	Κο - 1 Ιo --	$2011 + 11$	5.49

3. Changes in relevant interests

Particulars of each change in, ior 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 giv

Date of change	Hature of Person whose change (6) relevant interest changed		Consideration given in relation to change (7)	Class und number of securitios affected	Person's votes affected
131163	. MARKETLANE	SALE ٥F	4.451 oco	13 boo o oc '	MARKETLANE
	アーマ トート	SHAWES カドビ		IORDINARY	L., んせい
		NAAKET		SHAKES

4. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered. as holder (8)	Nature of nghevant. interest (6)	Class and number of securities	Person's votes
MANKET LANE	MARKCTLENE	LIARKERLANE	DIRECT	4011419	4011419
Ŋν L D	LT D fн	בדג גדו

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (0) with, the aubstantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
APPLICABLE N¢τ

6. Addresses

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

Name	Addross	.
HANKETLANE $\mu_{\rm{max}}$ داتية	. к	${\sf A}{\sf R}{\sf A}{\sf E}{\sf A}\checkmark$	AVENUL	VOALENTO	₩А	ьоло

Signature

print name	L CHAPMAN	copacity DIRECTOR
sign here	Dym	date $15/11/0.5$

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an $\left( 1\right)$ equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of porsons are essentially similar, they may be referred to enable the could be included in an annexure to the for throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the
• $\left( 2\right)$ See the doffrittion of "associate" in section 9 of the Corporations Act 2001.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $\left( 3\right)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $\langle 5 \rangle$
• (6) Include details of:
• any rolevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(4) applies, a copy of any (a) document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to $\left( \text{b}\right)$ Which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

Socithe definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $\left( 7\right)$ Details of the consideration must include any and all benofits, money and other, that any person from whom a relevant interest was acquired has, or may, becomie
  Ontified to considerate the section of the consideration incl entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be
  Entitled to receive in relation to that acquisition included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom
• If the substantial holder is criable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
• $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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