PEET LIMITED — Major Shareholding Notification 2004

Aug 4, 2004

803 page 1/1 15 July 2001

Form 603

Corporations Act 2001 Saction 671B

Notice of initial substantial holder

PEET & COMPANY LIMITED To Company Name/Scheme ACN/ARSN 008 665 834 1. Octails of substantial holder (1) Natue ANTHONY W LENNON (TONY) ACM/ARSN (if applicable)

The holder became a substantial holder on

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

5/8/2004

Class of securities (4)	--------------------------------------------------Munder of securities	Person's votes (5)	Voting power (6)
Fully paid ordinary shares.		448..	- 00%
.

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate tuad in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Anthony W Lempon	Relevant interest by virtue ofsection 608 (1) of the CorporationsAct 2001	10,448
Anthony W Lennon	Relevant interest by virtue ofsection 608 (2) of the CorporationsAct 2001	70,000,000

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class and numberof securities
Anthony W Lennon	Anthony W Lennon	Anthony W Lennon	10.448
Anthony W Lennon	Scorpio Nominees PtyLtd as trustee for theGwenton Trust	Scorpio Nominees Pty Ltd astrustee for the Gwenton Trust	70,000,000

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantInterest	Date of acquisition	Consideration (9)		Class and numberof securities
		Cast	Non-cash
nia
Shares acquired more than	four months prior to	date became	substantial	shareholder

Ollewin

603 page 2/2 16 July 2001

A Aconcistos

The reasons the persons narried in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Scorpio Nominees Pty Ltd astrustee for the Gwenton Trust	Director and shareholder of trustee and beneficiary of trust.
ACN 008 801 821

7 Addresse

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

Name	Address
Anthony W Lennon	30 The Esplanade PEPPERMINT GROVE WA 6011
Scorpio Nominees Pty Ltd astrustee for the Gwenton Trust	30 The Esplanade PEPPERMINT GROVE WA 6011

Cinnatitra

aramana	ANTHONY W LENNONprint name	Personally, and,capacity as a periodistic and
	sign heregeperation	Benefictor of Espi
		att Garrion 7AUST.
	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 equity $(1)$ trust), the names could be induded in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be relensed to thoughout 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 7 of the form.

$(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.

$(3)$ See the definition of "relevant interest" in sections 608 and 6718(7) of the Comparations Act 2001.

$(4)$ The voting shares of a company constitute one class unless divided into separate diasses.

• ${5}$ The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest ia.
• $(6)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $\langle 7 \rangle$ include details of:
  • (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 6718(4) applies, a copy of any document setting out the terms of any referant 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
  • $(b)$ 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 which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

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

• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". $(8)$
• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled $(9)$ to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a confingency. Details must be 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 the relevant interest was avouted.