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Lachlan Star Limited Capital/Financing Update 2003

Dec 9, 2003

46929_rns_2003-12-09_1af29420-3933-4ac7-bfbf-31241298bb2a.pdf

Capital/Financing Update

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ASX Announcement

10 December 2003

Convertible Notes - Quarterly Interest Payment

The next quarterly interest payment on Gympie Gold Limited's \$40 million Convertible Note issue is due to be paid to noteholders on 31 December 2003. Details pertaining to this payment are as follows:

Ex-entitlement Date

The Notes will trade "ex-entitlement" on the ASX to this interest payment from 17 December 2003

Record Date

Interest will be paid to Noteholders on the register at the close of business on 23 December 2003.

Interest per Note

Noteholders receive quarterly interest payments at a fixed rate of 8.5% per annum on the \$1.00 Issue Price. Interest for the December quarter will be 2.1425 cents per note.

The Convertible Notes trade on the ASX (code GYMG) and AIM (code GGDA) markets.

Gympie Gold is an Australian exploration, production and marketing company which mines and markets gold from the historic Gympie Goldfield in southeast Queensland and high-quality coking coal from the Hunter Valley in New South Wales.

For Further Information Contact: Harry Adams, Managing Director 02 9251 2777 or international +61 2 9251 2777

Electronic copies of this report are available on website www.gympiegold.com.au Requests to be placed on email circulation list can be emailed to [email protected]