Perpetual Limited — Major Shareholding Notification 2003

Aug 20, 2003

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

SFE CORPORATION LIMITED To Company Name/Scheme ACN/ARSN 000 299 392 1. Details of substantial holder (1) PERPETUAL TRUSTEES AUSTRALIA LIMITED Name ACN (if applicable) 000 431 827 There was a change in the interests of the Substantial holder on $-20$ / 08 / 2003 The previous notice was given to the company on $-01/08/2003$ The previous notice was dated $-31$ / 07 / 2003

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 required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary	9,582,185	7.31%	6,981,892	5.31 %

$31$ Changes in relevant interests

Particulars of each change in, or 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 give substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevantinterest changed	Nature ofchange (6)	Considerationgiven in relationto change $(7)$	Class andnumber ofsecurities affected	Person's votesaffected
	Refer annexure 3

4. Present relevant interests

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

Holder ofrelevantinterest	Registered holder ofsecurities	Person entitledto be registeredas holder (8)	Nature of relevantinterest $(6)$	Class andnumber ofsecurities	Person's votes
	Refer annexure 1 & 2

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 (9) with, the substantial holder in relation to voting interests in the company or scheme are as fo

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

6. Addresses

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

Name	Address
Refer to Annexure 1

Signature

Print name GLENDA CHARLES

ASSISTANT COMPANY SECRETARY Capacity