Perpetual Limited — Major Shareholding Notification 2003

Oct 1, 2003

Form 603

Corporations Law Section 671B

Notice of initial substantial holder

To Company Name/Scheme ALESCO CORPORATION LIMITED

ACN/ARSN 008 666 064

1.	Details of substantial holder (1)
Name		PERPETUAL TRUSTEES AUSTRALIA LIMITED
	ACN (if applicable)	000 431 827

The holder became a substantial holder on $-01$ / $10$ / $2003$

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:

Class of securities (4)	Number of securities	Persons' votes (5)	Voting power (6)
Ordinary	2,370,010	2,370,010	5.06%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had 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
Refer annexure 1 & 2

4. Details of present registered holders

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

Registered holder of Holder of relevant interest securities		Persons entitled to be registered as holder (8)	Class and number of securities
Refer annexure 1

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 relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
Refer annexure 3	Cash		Non - Cash

Associates

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

Name and ACN (if applicable)	Nature of association
Refer to Annexure 1 & 2

6. Addresses

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

Name	Address
Refer to Annexure 1

Signature

Print name GLENDA CHARLES

Capacity ASSISTANT COMPANY SECRETARY

Perpetual Investments Account Codes & Details

INTERNAL CODE	ACCOUNT DETAILS	REGISTRATION DETAILS
PMISF1	RBC Global Services Australia Nominees Pty Limited ACF: Perpetual's Industrial Share Fund Account Code: PMISF1 Level 19 / 1 Castlereagh Street Sydney NSW 200	RBC Global Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000
PMISF2	RBC Global Services Australia Nominees Pty Limited ACF: Perpetual's Industrial Share Fund Account Code: PMISF2 Level 19 / 1 Castlereagh Street Sydney NSW 200	RBC Global Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000
PMISFJ	RBC Global Services Australia Nominees Pty Limited ACF: Perpetual's Industrial Share Fund Account Code: PMISFJ Level 19 / 1 Castlereagh Street Sydney NSW 200	RBC Global Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000
NSWTC	Cogent Nominees Pty Ltd ACF NSW Treasury Corporation. Account Code: HGFPTE RBC Global Services Australia Nominees Pty Limited, Level 19 / 1 Castlereagh Street Sydney NSW 2000	Cogent Nominees Pty Limited P.O. Box R209, Royal Exchange, Sydney NSW 1225
ARF	JP Morgan Chase Nominees Ltd ACF: Australian Retirement Fund. Account Code: ARF RBC Global Services Australia Nominees Pty Limited, Level 19 / 1 Castlereagh Street Sydney NSW 2000	JP Morgan Chase Nominees Locked Bag 7, Royal Exchange Sydney NSW 2000
SMF	Permanent Trustee Australia Ltd ACF: SMF Funds Management Account Code: SMF RBC Global Services Australia Pty Limited, Level 19 / 1 Castlereagh Street Sydney NSW 2000	Permanent Trustee Australia Ltd GPO Box 4270 Sydney NSW 2000
GSF	RBC Global Services Australia Nominees Pty Limited. ACF: Perpetual Australia Share Fund. Account Code: ASF / GSF Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000
PMBHP	JP Morgan Chase Nominees Ltd ACF: BHP Superannuation Fund. Account Code: PMBHP RBC Global Services Australia Nominees Pty Limited. Level 19 / 1 Castlereagh Street Sydney NSW 2000	JP Morgan Chase Nominees Locked Bag 7, Royal Exchange Sydney NSW 2000
PMSCA	RBC Global Services Australia Nominees Ptv ATF: Perpetual's Smaller Companies Limited Analyst Fund Account Code: PMSCA. Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000
PMCBUS	National Nominees Ltd ACF: Construction & Building Union Superannuation Fund Account Code: PMCBUS RBC Global Services Australia Nominees Pty Limited. Level 19 / 1 Castlereagh Street Sydney NSW 200	National Australia Custodian Services 5th Floor South, 271 Collins Street Melbourne VIC 3000
PPSF	RBC Global Services Australia Nominees Pty Limited ATF: Perpetual Property Securities Fund Account Code: PPSF, Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000

SASFIT	JP Morgan Chase Nominees Ltd ACF: South Australia Superanuuation Fund Account Code: SASFIT RBC Global Services Australia Nominees Pty Limited. Level 19 / 1 Castlereagh Street Sydney NSW 2000	JP Morgan Chase Nominees Locked Bag 7 Royal Exchange Sydney NSW 2000
ICIS	RBC Global Australia Nominees Pty Limited ACF: Perpetual Investor Choice Industrial Asset Group Account Code: ICIS. Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000
ICAS	RBC Global Services Australia Nominess Pty Limited. ACF: Perpetual Investor Choice Australian Asset Group. Account Code: ICAS Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000
ICSC	RBC Global Services Australia Nominees Pty Limited. ACF: Perpetual Investor Choice Smaller Asset Group Account Code: ICSC. Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000
PMHOST	JP Morgan Chase Nominees Limited ACF: Host - Plus Pty Ltd Accoutn Code: PMHOST RBC Global Services Australia Nominees Pty Limited, Level 19 / 1 Castlereagh Street Sydney NSW 2000	JP Morgan Chase Nominees Locked Bag 7, Royal Exchange Sydney NSW 2000
PMCARE	National Nominees Limited. ACF: Care Super Fund Account Code: PMCARE RBC Global Services Australia Nominees Pty Limited. Level 19, 1 Castlereagh Street, Sydney NSW 2000	National Australia Custodian Services 5th Floor South, 271 Collins Street Melbourne VIC 3000
PMPSS	JP Morgan Chase Nominees Limited ACF: PSS Board & Total Risk Management Account Code: PMPSS RBC Global Services Australia Nominees Pty Limited, Level 19, 1 Castlereagh Street, Sydney NSW 2000	JP Morgan Chase Nominees Locked Bag 7, Royal Exchange Sydney NSW 2000
PMMLC2	Westpac Custodian Nominees ACF: MLC Statutory Fund No.2 Account Code: PMMLC2 RBC Global Services Australia Nominees Pty Limited, Level 19, 1 Castlereagh Street, Sydney NSW 2000	Westpac Custodian Nominees State Street Fund Q7M6 Level 9, 50 Pitt Street Sydney NSW 2000
PMMLC3	Westpac Custodian Nominees ACF: MLC Statutory Fund No.3 Account Code: PMMLC3 RBC Global Services Australia Nominees Pty Limited, Level 19, 1 Castlereagh Street, Sydney NSW 2000	Westpac Custodian Nominees State Street Fund Q7K4 Level 9, 50 Pitt Street Sydney NSW 2000
PMMLC4	ACF: Westpac Custodian Nominees MLC Statutory Fund No.4 Account Code: PMMLC4 RBC Global Services Australia Nominees Pty Limited, Level 19, 1 Castlereagh Street, Sydney NSW 2000	Westpac Custodian Nominees State Street Fund Q7MD Level 9, 50 Pitt Street Sydney NSW 2000
PMMLCI	ACF: Westpac Custodian Nominees MLC Masterkey Account Code: PMMLCI RBC Global Services Australia Nominees Pty Limited, Level 19, 1 Castlereagh Street, Sydney NSW 2000	Westpac Custodian Nominees State Street Fund Q7MH Level 9, 50 Pitt Street Sydney NSW 2000

PMMLCL	Westpac Custodian Nominees ACF: MLC Lifetime Fund Account Code: PMMLCL RBC Global Services Australia Nominees Pty Limited, Level 19, 1 Castlereagh Street, Sydney NSW 2000	Westpac Custodian Nominees State Street Fund Q7K9 Level 9, 50 Pitt Street Sydney NSW 2000
PMMLCP	ACF: Westpac Custodian Nominees MLCI Pool - Perpetual Australian Share Trust Account Code: PMMLCP RBC Global Services Australia Nominees Pty Limited, Level 19, 1 Castlereagh Street, Sydney NSW 2000	Westpac Custodian Nominees State Street Fund Q7L5 Level 9, 50 Pitt Street Sydney NSW 2000
PMCSS	JP Morgan Chase Nominees Limited ACF: CSS Board & Total Risk Management Account Code: PMCSS RBC Global Services Australia Nominees Pty Limited, Level 19, 1 Castlereagh Street, Sydney NSW 2000	JP Morgan Chase Nominees Locked Bag 7, Royal Exchange Sydney NSW 2000
ICPS	RBC Global Services Australia Nominees Pty Limited, ACF: Perpetual Investor Choice Property Securities Asset Group. Account Code: ICPS. Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited. GPO Box 5430 Sydney NSW 2000
NFMGT	National Nominees Limited ACF: National Financial Management Account Code: NU/NUPPAE RBC Global Services Australia Nominees Pty Limited, Level 19 / 1 Castlereagh Street Syndey NSW 2000	National Australia Custodian Services 5th Floor South 271 Collins Street Melbourne VIC 3000
PMONE	National Nominees Limited ACF: OneSteel Suerannuation Fund Account Code: PMONE, RBC Global Services Australia Nominees Pty Limited Level 19 / 1 Castlereagh Street Sydney NSW 2000	National Australia Custodian Services OneSteel Superannuation Fund OSPEAE / 6571-17 5th Floor South 271 Collins Street Melbourne VIC 3000
PCEF	RBC Global Services Australia Nominees Pty Limited, Account Code: PCEF Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000
QITE2	RBC Global Services Australia Nominees Pty Limited AFT: Quantitative Investments TE 2 Equity Fund. Account Code: QITE2 Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000
PMFSAS	JP Morgan Chase Nominees Limtied ACF: Funds SA Small Co Portfolio Account Code: PMFSAS RBC Global Services Australia Nominees Pty Limited Level 19 / 1 Castlereagh Street Sydney NSW 2000	JP Morgan Chase Nominees Locked Bag 7, Royal Exchange Sydney NSW 2000
PMSTA	National Nominees Limited ACF: Super Trust of Australia Account Code: PMSTA. RBC Global Services Australia Nominees Pty Limited Level 19 / 1 Castlereagh Street Sydney NSW 2000	National Australia Custodian Services 5th Floor South 271 Collins Street Melbourne VIC 3000
PMWSCM	RBC Global Australia Nominees Pty Limited ACF: Perpetual Wholesale Smaller Co Fund Account Code: PWSCF. Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000

PMWSCS	RBC Global Australia Nominees Pty Limited ACF: Perpetual Wholesale Smaller Co Fund Account Code: PWSCF, Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000
PMREST	JP Morgan Chase Nominees Limited ACF: Retail Employers Superannuation Fund Account Code: PMREST. RBC Global Services Australia Nominees Pty Limited Level 19 / 1 Castlereagh Street Sydney NSW 200	JP Morgan Chase Nominees Locked Bag 7, Royal Exchange Sydney NSW 2000
AMCORP	National Nominees Ltd ACF: A.M. Corporation Account. Account Code: AMCORP RBC Global Services Australia Nominees Pty Limited, Level 19 / 1 Castlereagh Street Sydney NSW 200	National Australia Custodian Services A/C ATPFAE 6822 - 16. 5th Floor South 271 Collins Street Melbourne VIC 3000
TEL	National Nominees Limited ACF: Telstra Superannuation Pty Limited Account Code: TEL RBC Global Services Australia Nominees Pty Limited, Level 19 / 1 Castlereagh Street Sydney NSW 2000	National Australia Custodian Services A/C 3093-15 TSPPAE 5th Floor South 271 Collins Street Melbourne VIC 3000
PMFR	Westpac Custodian Nominees ACF: Frank Russell Investment Management Account Code: PMFR RBC Global Services Australia Nominees Pty Limited Level 19 / 1 Castlereagh Street Sydney NSW 2000	Westpac Custodian Nominees State Street Fund BQ8D Level 9 / 50 Pitt Street Sydney NSW 2000
PMCPSF	Citicorp Nominees Pty Ltd EPSS03: Commonwealth Property Fund 3 Account Code: PMCPSF. RBC Global Services Australia Pty Ltd, Level 19/1 Castlereagh St. Sydney NSW 2000	Citicorp Nominees Pty Ltd GPO Box 764G Melbourne VIC 3001
PMCGSF	Citicorp Nominees Pty Ltd EASS11: Commonwealth Aust Shares Fund 11 Account Code: PMCGSF RBC Global Services Australia Pty Ltd Level 19/1 Castlereagh St. Sydney NSW 2000	Citicorp Nominees Pty Ltd GPO Box 764G, Melbourne VIC 3001
CBAISF	Citicorp Nominees Pty Ltd. EASS04: Commonwealth Aust Shares Fund 4. Account Code: CBAISF, RBC Global Services Australia Pty Ltd Level 19/1 Castlereagh St. Sydney NSW 2000	Citicorp Nominees Pty Ltd GPO Box 764G, Melbourne VIC 3001
PMWSRF	RBC Global Services Australia Nominees Pty Limited ACF Perpetual's Wholesale Ethical SRI Fund Account Code: PMWSRF Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000
PTGEN	Perpetual Trustee Services General A / C Account Code: PTGEN RBC Global Services Australia Nominees Pty Limited Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430, Sydney NSW 2000
PTAL	Perpetual Trustees Australia Limited Account Code: PTAL RBC Global Services Australia Nominees Pty Limited Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430, Sydney NSW 2000

PTQLD	Perpetual Trustee Queensland Limited Account Code: PTQLD RBC Global Services Australia Nominees Pty Limited Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430, Sydney NSW 2000
PTCO	Perpetual Trustee Co. Limited Account Code: PTCO RBC Global Services Australia Nominees Pty Limited Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430, Sydney NSW 2000
PTNM	P.T.A. Nominees Limited ATF: Perpetual Trustees Nominees Limited Account Code: PTNM RBC Global Services Australia Nominees Pty Limited Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430, Sydney NSW 2000
PTVIC	Perpetual Trustee Victoria Limited Account Code: PTNM RBC Global Services Australia Nominees Pty Limited Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia, Nominees Pty Limited GPO Box 5430, Sydney NSW 2000
PNOM	Perpetual Nominees Pty Limited RBC Global Services Account Code: PNOM Australia Nominbees Pty Limited Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430, Sydney NSW 2000
PTAN	Perpetual Nominees Limited Account Code: RBC Global Services Australia PTAN Nominees Pty Limited, Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430, Sydney NSW 2000
PML	Perpetual Management Limited Account Code: RBC Global Services Australia PML. Nominees Pty Limited Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430, Sydney NSW 2000
PTWA	Perpetual Trustee WA Limited Account Code: PTWA RBC Global Services Australia Nominees Pty Limited Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430, Sydney NSW 2000
Τ2	Perpetual Trustee Company Limited Private Client Division)	Perpetual Trustee Company Limited 39 Hunter Street, Sydney 2000
T3	Perpetual Trustees Victoria Limited	Perpetual Trustee Company Limited
T4	(Private Client Division) Perpetual Trustees Queensland Limited (Private Client Division)	39 Hunter Street, Sydney 2000 Perpetual Trustee Company Limited 39 Hunter Street, Sydney 2000
Τ6	Perpetual Trustees WA Limited	Perpetual Trustee Company Limited
	(Private Client Division) Perpetual Trustee Company Canberra Limited	39 Hunter Street, Sydney 2000 Perpetual Trustee Company Limited
Τ7	(Private Client Division)	39 Hunter Street, Sydney 2000
DIRECTOR	Perpetual Trustees Australia Limited, Directors Personal Holdings	Perpetual Trustee Company Limited 39 Hunter Street, Sydney 2000

PRESENT RELEVANT INTERESTS

File:	Summary (Perpetual Trustees)		銐
∦ALS (ALESCO CORPORATION)⊺		Portfolios
Portalic	Hund	Holdings
$\mathscr{V}$ ICSC	PM	699,088
$\mathscr{A}$ T2.	PCD	8,545
PMWSCS	PM	1,662,377

CHANGES IN RELEVANT INTERESTS

Account	Security		Quantity		Value		Price	DateAsAt
ICSC	ALS	$\overline{ }$	21	$\overline{a}$	100	\$	4.74	11-Jun-03
ICSC	ALS	$\overline{ }$	21,274	$\overline{a}$	106,370	\$	5.00	$01 -$ Jul-03
ICSC	ALS	$\overline{a}$	16,811		85,400	\$	5.08	$03 -$ Jul-03
ICSC	ALS	$\overline{a}$	1,273	$\overline{a}$	6,492	\$	5.10	04-Jul-03
ICSC	ALS		40,000		198,825	\$	4.97	09-Jul-03
ICSC	ALS	$\blacksquare$	5,090	$\overline{a}$	26,417	\$	5.19	17-Jul-03
ICSC	ALS	$\overline{a}$	9,067	$\overline{a}$	47,058	\$	5.19	18-Jul-03
ICSC	ALS	$\blacksquare$	2,632	-	13,779	\$	5.24	21-Jul-03
ICSC	ALS		25,637	$\overline{a}$	134,338	\$	5.24	21-Jul-03
ICSC	ALS		8,765	$\overline{a}$	46,870	\$	5.35	29-Jul-03
ICSC	ALS		20,721	-	109,821	\$	5.30	11-Aug-03
ICSC	ALS		6,000		31,380	\$	5.23	27-Aug-03
ICSC	ALS		4,595		24,032	\$	5.23	28-Aug-03
ICSC	ALS		9,405		49,188	\$	5.23	29-Aug-03
ICSC	ALS		8,889		46,312	\$	5.21	02-Sep-03
ICSC	ALS		7,009		35,534	\$	5.07	03-Sep-03
ICSC	ALS		26,837		136,961	\$	5.10	03-Sep-03
ICSC	ALS		362		1,835	\$	5.07	04-Sep-03
ICSC	ALS		8,314		42,353	\$	5.09	04-Sep-03
ICSC	ALS		9,246		47,155	\$	5.10	05-Sep-03
ICSC	ALS		932		4,725	\$	5.07	08-Sep-03
ICSC	ALS		29,881		152,393	\$	5.10	10-Sep-03
ICSC	ALS		3,085		15,641	\$	5.07	11-Sep-03
ICSC	ALS		1,335		6,768	\$	5.07	12-Sep-03
ICSC	ALS		1,338		6,784	\$	5.07	15-Sep-03
ICSC	ALS		2,950		15,045	\$	5.10	16-Sep-03
ICSC	ALS		15,638		80,067	\$	5.12	17-Sep-03
ICSC	ALS		4,000		20,480	\$	5.12	18-Sep-03
ICSC	ALS		13,020		66,780	\$	5.13	19-Sep-03
ICSC	ALS		5,973		31,030	\$	5.20	22-Sep-03
ICSC	ALS		12,907		67,116	\$	5.20	23-Sep-03
ICSC	ALS		16,860		88,162	\$	5.23	23-Sep-03
ICSC	ALS		34,593		181,611	\$	5.25	24-Sep-03
ICSC	ALS		11,559		59,066	\$	5.11	30-Sep-03
ICSC	ALS		10,697		54,545	\$	5.10	01-Oct-03
PMWSCS	ALS		4,979	$\overline{a}$	23,600	\$	4.74	11-Jun-03
PMWSCS	ALS		30,000	$\overline{a}$	148,500	\$	4.95	30-Jun-03
PMWSCS	ALS		78,726	$\tilde{\phantom{a}}$	393,630	\$	5.00	$01 -$ Jul-03
PMWSCS	ALS		53,189	$\overline{a}$	270,200	\$	5.08	$03 -$ Jul $-03$
PMWSCS	ALS		3,698	$\sim$	18,860	\$	5.10	04-Jul-03
PMWSCS	ALS		35,272		170,055	\$	4.82	10-Jul-03
PMWSCS	ALS	$\overline{ }$	10,135	$\overline{a}$	52,601	\$	5.19	18-Jul-03
PMWSCS	ALS		7,633	÷	39,960	\$	5.24	21-Jul-03
PMWSCS	ALS		74,363	$\overline{a}$	389,662	\$	5.24	21-Jul-03
PMWSCS	ALS		5,000	$\overline{a}$	26,500	\$	5.30	28-Jul-03
PMWSCS	ALS		31,729	$\overline{a}$	169,668	\$	5.35	29-Jul-03
PMWSCS	ALS		79,279	$\overline{a}$	420,179	\$	5.30	11-Aug-03
PMWSCS	ALS		8,891		46,322	\$	5.21	02-Sep-03
PMWSCS	ALS		17,991		91,211	\$	5.07	03-Sep-03
PMWSCS	ALS		68,894		351,596,	$\mathcal{F}_{\mathcal{A}}$	5.10	03-Sep-03.

This is annexure 3 Page 1 of 2 referred to in Form 603 Title: Notice of initial substantial holder

Signature ____________________________________

PMWSCS	ALS	839	4.254	\$ 5.07	04-Sep-03
PMWSCS	ALS.	19,295	98,292	\$ 5.09	04-Sep-03
PMWSCS	ALS	10,374	52,907	\$ 5.10	$05-Sep-03$
PMWSCS	ALS	2,068	10,485	\$ 5.07	08-Sep-03
PMWSCS	ALS.	68,693	350,334	\$ 5.10	10-Sep-03
PMWSCS	ALS	4,920	24,944	\$ 5.07	$11-Sep-03$
PMWSCS	ALS	7.458	38,185	\$ 5.12	17-Sep-03
PMWSCS	ALS.	44,027	228,720	\$ 5.20	22-Sep-03
PMWSCS	ALS	35,205	183,066	\$ 5.20	23-Sep-03
PMWSCS	ALS	15,407	80,814	\$ 5.25	25-Sep-03
PMWSCS	ALS	49,308	258,831	\$ 5.25	26-Sep-03
PMWSCS	ALS	71,518	364,679	\$ 5.10	$01 - Oct - 03$

This is annexure 3 Page 2 of 2 referred to in Form 603
Title: Notice of initial substantial holder

Signature ____________________________________