Perpetual Limited — Major Shareholding Notification 2004

Sep 27, 2004

Form 603

Corporations Law Section 671B

Notice of initial substantial holder

To Company Name/Scheme KRESTA HOLDINGS LIMITED

ARSN		008 675 803
1.	Details of substantial holder (1)
Name		PERPETUAL TRUSTEES AUSTRALIA LIMITED
	ACN (if applicable)	000 431 827

The holder became a substantial holder on $27/09/2004$

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	8,199,002	8,199,002	5.97%

3. Details of relevant interests

The nature of the refevant 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 annexure1 & 2

4. Details of present registered holders

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

Holder of relevant interest	Registered holder ofsecurities	Persons entitled to beregistered as holder (8)	Class and number ofsecurities
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 ofsecurities
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

ASST. COMPANY SECRETARY

Perpetual Investments Account Codes & Details

INTERNAL CODE	ACCOUNT DETAILS	REGISTRATION DETAILS
PIHEST	RBC Global Services Australia Nominees PtyLimited ACF: HEST Australia LimitedAccountCode: PIHESTGPO Box 5424 Sydney NSW 2001	JP Morgan Chase NomineesLocked Bag 7, Royal Exchange SydneyNSW 2000
PMISF1	RBC Global Services Australia Nominees PtyLimited ACF: Perpetual's Industrial Share FundAccount Code: PIISF1GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box5424 Sydney NSW 2001
PMISF2	RBC Global Services Australia Nominees PtyLimited ACF: Perpetual's Industrial Share FundAccount Code: PIISF2GPO Box 5424 Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box5424 Sydney NSW 2001
PMISFJ	RBC Global Services Australia Nominees PtyLimited ACF: Perpetual's Industrial Share FundAccount Code: PIISFJGPO Box 5424 Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box5424 Sydney NSW 2001
PIJUTD	Permanent Trustee Australia Ltd ACF: PI UnitedSector Property Fund. Account Code: SMF0024.C/- RBC Global Services Australia Pty LimitedGPO Box 5424 Sydney NSW 2001	Permanent Trustee Australia Ltd<smf 0024=""> GPO Box 4270 SydneyNSW 2000
NSWTC	Cogent Nominees Pty Ltd ACF NSW TreasuryCorporation. Account Code: PINSWTRBC Global Services Australia Nominees PtyLimited GPO Box 5424 Sydney NSW 2001	Cogent Nominees Pty Limited P.O. BoxR209, Royal Exchange, Sydney NSW1225
PIEFM6	Cogent Nominees Pty Ltd ACF EFM AustralianShare Fund 6 Account Code: PIEFM6RBC Global Services Australia Nominees PtyLimited GPO Box 5424 Sydney NSW 2001	Cogent Nominees Pty Limited A/C:WTXME6, P.O. Box R209, RoyalExchange, Sydney NSW 1225
ARF	JP Morgan Chase Nominees Ltd ACF:Australian Retirement Fund, Account Code:PIARF. RBC Global Services AustraliaNominees Pty Limited GPO Box 5424 SydneyNSW 2001	JP Morgan Chase Nominees LockedBag 7, Royal Exchange Sydney NSW2000
PIACT	JP Morgan Chase Nominees Ltd ACF:Australian Capital Territory Treasury. AccountCode: PIACT RBC Global Services AustraliaNominees Pty Limited GPO Box 5424 SydneyNSW 2001	JP Morgan Chase Nominees LockedBag 7, Royal Exchange Sydney NSW2000
PIFIJI	National Nominees Limited ACF: Fiji NationalProvident Fund Account Code: PIFIJI, RBCGlobal Services Australia Nominees Pty LtdGPO Box 5424 Sydney NSW 2001	National Australia Custodian Services A/CFNPEAE. 5th Floor South 271 CollinsStreet Melbourne VIC 3000
SMF	Permanent Trustee Australia Ltd ACF: SMFFunds Management <smf 0013=""> AccountCode: PISMF. RBC Global Services AustraliaPty Limited GPO Box 5424 Sydney NSW 2001	Permanent Trustee Australia Ltd<smf 0013=""> GPO Box 4270 SydneyNSW 2000

GSF	RBC Global Services Australia Nominees PtyLimited. ACF: Perpetual Australia Share Fund.Account Code: PIGSF GPO Box 5424 SydneyNSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box5424 Sydney NSW 2001
PMSCA	RBC Global Services Australia Nominees PtyLimited ATF: Perpetual's Smaller CompaniesAnalyst Fund Account Code: PISCA. GPO Box5424 Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box5424 Sydney NSW 2001
PMCBUS	National Nominees Ltd ACF: Construction &Building Union Superannuation Fund AccountCode: PICBUS, RBC Global Services AustraliaNominees Pty Limited. GPO Box 5424 SydneyNSW 2001	National Australia Custodian Services5th Floor South, 271 Collins StreetMelbourne VIC 3000
PPSF	RBC Global Services Australia Nominees PtyLimited ATF: Perpetual Property SecuritiesFund Account Code: PIPSF, GPO Box 5424Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box5424 Sydney NSW 2001
ICIS	RBC Global Australia Nominees Pty LimitedACF: Perpetual Investor Choice Industrial AssetGroup Account Code: PISIND GPO Box 5424Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box 5424Sydney NSW 2001
ICAS	RBC Global Services Australia Nominess PtyLimited. ACF: Perpetual Investor ChoiceAustralian Asset Group. Account Code: PIICASGPO Box 5424 Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box 5424Sydney NSW 2001
ICSC	RBC Global Services Australia Nominees PtyLimited. ACF: Perpetual Investor ChoiceSmaller Asset Group Account Code: PISSCF.GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box 5424Sydney NSW 2001
PMHOST	JP Morgan Chase Nominees LimitedACF: Host - Plus Pty Ltd Accoutn Code:PIHOST, RBC Global Services AustraliaNominees Pty Limited, GPO Box 5424 SydneyNSW 2001	JP Morgan Chase Nominees LockedBag 7, Royal Exchange Sydney NSW2000
ALL 'PC' CODES	RBC Global Services Australia Nominees PtyLimited GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box 5424 Sydney NSW2001
ALL 'SS' CODES	RBC Global Services Australia Nominees PtyLimited GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box 5424 Sydney NSW2001
PMONE	National Nominees Limited ACF: OneSteelSuperannuation Fund Account Code: PIONE,RBC Global Services Australia Nominees PtyLimited GPO Box 5424 Sydney NSW 2001	National Australia Custodian ServicesOneSteel Superannuation FundOSPEAE / 6571-17 5th Floor South271 Collins Street Melbourne VIC 3000

PCEF	RBC Global Services Australia Nominees PtyLimited, Account Code: PICEF GPO Box 5424Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box5424 Sydney NSW 2001
QITE2	RBC Global Services Australia Nominees PtyLimited AFT: Quantitative Investments TE 2Equity Fund. Account Code: PIQTE2 GPO Box5424 Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box5424 Sydney NSW 2001
PIMIT	Guardian TrustAustralia Ltd ACF: PerpetualJames Fielding Meridian Investment TrustAccount code PIMIT. RBC Global ServicesAustralia Nominees Pty Ltd GPO Box 5424Sydney NSW 2001	Guardian Trust Australia Ltd <meridianA/C> GPO Box 469 Sydney NSW 2001</meridian
PIWGAF	UBS Nominee Pty Ltd ACF: PerpetualWholesale Geared Australian Share FundAccount code PIWGAS. RBC Global ServicesAustralia Nominees Pty Ltd GPO Box 5424Sydney NSW 2001	UBS Nominee Pty Ltd <prime broking<br="">A/C> Level 25, 1 Farrer Place GovenorPhillip Tower Sydney NSW 2000
PIWSPF	UBS Nominee Pty Ltd ACF: PerpetualWholesale Share Plus Fund Account codePIWSPF, RBC Global Services AustraliaNominees Pty Ltd GPO Box 5424 Sydney NSW2001	UBS Nominee Pty Ltd <prime broking<br="">A/C> Level 25, 1 Farrer Place GovenorPhillip Tower Sydney NSW 2000
PMSTA	National Nominees Limited ACF: Super Trust ofAustralia Account Code: PISTA. RBC GlobalServices Australia Nominees Pty Limited GPOBox 5424 Sydney NSW 2001	National Australia Custodian Services5th Floor South 271 Collins StreetMelbourne VIC 3000
PMWSCM	RBC Global Australia Nominees Pty LimitedACF: Perpetual Wholesale Smaller Co FundAccount Code: PIWSCF, GPO Box 5424Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box5424 Sydney NSW 2001
PMWSCS	RBC Global Australia Nominees Pty LimitedACF: Perpetual Wholesale Smaller Co FundAccount Code: PIWSCF. GPO Box 5424Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box5424 Sydney NSW 2001
AMCORP	National Nominees Ltd ACF: IOOF Account.Account Code: PIAMC RBC Global ServicesAustralia Nominees Pty Limited GPO Box 5424Sydney NSW 2001	National Australia Custodian ServicesA/C ATPFAE 6822 - 16. 5th Floor South271 Collins Street Melbourne VIC 3000
TEL	National Nominees Limited ACF: TelstraSuperannuation Pty Limited Account Code:PITEL RBC Global Services AustraliaNominees Pty Limited GPO Box 5424 SydneyNSW 2001	National Australia Custodian ServicesA/C 3093-15 TSPPAE 5th Floor South271 Collins Street Melbourne VIC 3000
PMFR	Westpac Custodian NomineesACF: Frank Russell Investment ManagementAccount Code: PIMFR RBC Global ServicesAustralia Nominees Pty Limited GPO Box 5424Sydney NSW 2001	Westpac Custodian NomineesState Street Fund BQ8D Level 9 / 50 PittStreet Sydney NSW 2000
PMCPSF	Citicorp Nominees Pty Ltd ACF:CommonwealthProperty Fund 3 Account Code: PICPSF. RBCGlobal Services Australia Pty Ltd, GPO Box5424 Sydney NSW 2001	Citicorp Nominees Pty Ltd A/C EPSS03GPO Box 764G Melbourne VIC 3001

PMCGSF	Citicorp Nominees Pty Ltd ACF: CommonwealthAust Shares Fund 11 Account Code: PICGSFRBC Global Services Australia Pty Ltd GPOBox 5424 Sydney NSW 2001	Citicorp Nominees Pty Ltd A/C EASS11GPO Box 764G, Melbourne VIC 3001
CBAISF	Citicorp Nominees Pty Ltd. ACF:Commonwealth Aust Shares Fund 4. AccountCode:PICISF, RBC Global Services AustraliaPty Ltd GPO Box 5424 Sydney NSW 2001	Citicorp Nominees Pty Ltd A/C EASS04GPO Box 764G, Melbourne VIC 3001
PMWSRF	RBC Global Services Australia Nominess PtyLimited. ACF: Perpetual Wholesael Ethical FundAccount Code: PIWSRF GPO Box 5424 SydneyNSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box5424 Sydney NSW 2001
PWSCF	RBC Global Services Australia Nominess PtyLimited. ACF: Perpetual Wholesale Smaller CoFund Account Code: PIWSCF GPO Box 5424Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box5424 Sydney NSW 2001
PTGEN	Perpetual Trustee Services General A / CAccount Code: PTPGEN RBC Global ServicesAustralia Nominees Pty LimitedGPO Box 5424 Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box 5424,Sydney NSW 2001
PTAL	Perpetual Trustees Australia LimitedAccount Code: PTALRBC Global ServicesAustralia Nominees Pty LimitedLevel 19 / 1 Castlereagh Street Sydney NSW2000	RBC Global Services Australia NomineesPty Limited GPO Box 5430,Sydney NSW 2000
PTQLD	Perpetual Trustee Queensland LimitedAccount Code: PTQLD RBC Global ServicesAustralia Nominees Pty LimitedLevel 19 / 1 Castlereagh Street Sydney NSW2000	RBC Global Services Australia NomineesPty Limited GPO Box 5430,Sydney NSW 2000
PTCO	Perpetual Trustee Co. LimitedAccount Code: PTPCO RBC Global ServicesAustralia Nominees Pty LimitedGPO Box 5424 Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box 5424,Sydney NSW 2001
PTNM	P.T.A. Nominees Limited ATF: PerpetualTrustees Nominees LimitedAccount Code: PTPNM RBC Global ServicesAustralia Nominees Pty LimitedGPO Box 5424 Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box 5424Sydney NSW 2001
PTVIC	Perpetual Trustee Victoria LimitedAccount Code: PTNM RBC Global ServicesAustralia Nominees Pty LimitedGPO Box 5424 Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box 5424,Sydney NSW 2001
PNOM	Perpetual Nominees Pty LimitedAccount Code: PTPNOM RBC Global ServicesAustralia Nominbees Pty LimitedGPO Box 5424 Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box 5424,Sydney NSW 2001

PTAN	Perpetual Nominees Limited Account Code:PTPAN RBC Global Services AustraliaNominees Pty Limited, GPO Box 5424 SydneyNSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box 5424,Sydney NSW 2001
PML	Perpetual Management Limited Account Code:PTPML RBC Global Services AustraliaNominees Pty LimitedGPO Box 5424 Sydney NSW 2001	RBC Global Services Australia NomineesPty Limited GPO Box 5424,Sydney NSW 2001
Perpetual Trustee WA LimitedAccount Code: PTPWA RBC Global ServicesPTWAAustralia Nominees Pty LimitedGPO Box 5424 Sydney NSW 2001		RBC Global Services Australia NomineesPty Limited GPO Box 5424.Sydney NSW 2001
Τ2	Perpetual Trustee Company LimitedPrivate Client Division )	Perpetual Trustee Company Limited39 Hunter Street, Sydney 2000
T3	Perpetual Trustees Victoria LimitedPrivate Client Division )	Perpetual Trustee Company Limited39 Hunter Street, Sydney 2000
Τ4	Perpetual Trustees Queensland LimitedPrivate Client Division )	Perpetual Trustee Company Limited39 Hunter Street, Sydney 2000
Τ6	Perpetual Trustees WA LimitedPrivate Client Division )	Perpetual Trustee Company Limited39 Hunter Street, Sydney 2000
T7	Perpetual Trustee Company Canberra Limited(Private Client Division)	Perpetual Trustee Company Limited39 Hunter Street, Sydney 2000
DIRECTOR	Perpetual Trustees Australia Limited,Directors Personal Holdings	Perpetual Trustee Company Limited39 Hunter Street, Sydney 2000

PRESENT RELEVANT INTERESTS

Fle.	53 Monday (Perpetial Lusies)
KRS (KRESTA HOLDINGS LTD)		Portfolios
PorfolioPMSCAهمليPMWSRF همPMWSCMالمن المناPMWSCSمحلولةSSRENفتحليلهمPCREN صحيحا	FundPMPМPМPMPMSSPC	Holdings3,151,870112,982274,0403,441,860708,174297,336212.740

CHANGES IN RELEVANT INTERESTS

Account	Security	Quantity		Value	Price	DateAsAt
ICSC	KRS	45,224	$\overline{ }$	29,504	$0.65	13-Jan-04
ICSC	KRS	4,810	$\blacksquare$	3,127	$0.65	14-Jan-04
ICSC	KRS	23,459	$\overline{ }$	15,718	$0.67	19-Jan-04
ICSC	KRS	35,843		25,807	$0.72	09-Feb-04
ICSC	KRS	21,017		14,922	$0.71	13-Feb-04
ICSC	KRS	1,348		957	$0.71	16-Feb-04
ICSC	KRS	6,041		4,289	$0.71	17-Feb-04
ICSC	KRS	294,942		191,712	$0.65	26-Feb-04
ICSC	KRS	14,928 -		10,151	$0.68	05-Mar-04
ICSC	KRS	100,181		56,101	$0.56	25-Mar-04
ICSC	KRS	159,346 -		103,575	$0.65	07-Apr-04
ICSC	KRS	$45,292 -$		28,534	$0.63	05-May-04
ICSC	KRS	13,547		7,722	$0.57	31-May-04
ICSC	KRS	12,310		7,386	$0.60	01-Jun-04
ICSC	KRS	48,623		29,091	$0.60	01-Jun-04
ICSC	KRS	136,217		69,471	$0.51	23-Jun-04
ICSC	KRS	63,453		32,361	$0.51	24-Jun-04
ICSC	KRS	135,000		68,850	$0.51	01-Jul-04
ICSC	KRS	49,623		26,300	$0.53	29-Jul-04
ICSC	KRS	90,422		49,732	$0.55	02-Sep-04
ICSC	KRS	29,311		15,828	$0.54	21-Sep-04
ICSC	KRS	67,242		36,311	$0.54	21-Sep-04
ICSC	KRS	939		507	$0.54	22-Sep-04
ICSC	KRS	6,936		3,745	$0.54	22-Sep-04
ICSC	KRS	55,402		31,579	$0.57	23-Sep-04
ICSC	KRS	421,223		240,097	$0.57	27-Sep-04
ICSC	KRS	18,305		9,885	$0.54	21-Sep-04
ICSC	KRS	41,993		22,676	$0.54	21-Sep-04
ICSC	KRS	895		483	$0.54	22-Sep-04
ICSC	KRS	6,616		3,573	$0.54	22-Sep-04
ICSC	KRS	53,998		30,779	$0.57	23-Sep-04
ICSC	KRS	417,294		237,858	$0.57	27-Sep-04
PMSCA	KRS	6,300		4,095	$0.65	26-Feb-04
PMSCA	KRS	10,000		4,975	$0.50	29-Jun-04
PMSCA	KRS	5,000		2,500	$0.50	30-Jun-04
PMSCA	KRS	10,000		5,200	$0.52	02-Jul-04
PMSCA	KRS	4,000		2,080	$0.52	05-Jul-04
PMSCA	KRS	3,500		1,820	$0.52	19-Jul-04
PMSCA	KRS	2,000		1,040	$0.52	21-Jul-04
PMSCA	KRS	2,000		1,040	$0.52	23-Jul-04
PMWSCM	KRS	109,776 -		71,616	$0.65	13-Jan-04
PMWSCM	KRS	190 -		124	$0.65	14-Jan-04
PMWSCM	KRS	$70,223 -$		47,049	$0.67	19-Jan-04
PMWSCM	KRS	164,157 -		118,193	$0.72	09-Feb-04
PMWSCM	KRS	13,053		9,268	$0.71	13-Feb-04
PMWSCM	KRS	1,089		773	$0.71	16-Feb-04
PMWSCM	KRS	1,959		1,391	$0.71	17-Feb-04
PMWSCM	KRS	$608,758 -$		395,693	$0.65	26-Feb-04
PMWSCM	KRS	$35,072 -$		23,849	$0.68	05-Mar-04

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

PMWSCM	KRS	99,819		55,899	$0.56	25-Mar-04
PMWSCM	KRS	15,660		8,926	$0.57	26-Mar-04
PMWSCM	KRS	340,654		221,425	$0.65	07-Apr-04
PMWSCM	KRS	144,708		91,166	$0.63	05-May-04
PMWSCM	KRS	36,659		21,262	$0.58	25-May-04
PMWSCM	KRS	6,490		3,894	$0.60	01-Jun-04
PMWSCM	KRS	25,637		15,339	$0.60	01-Jun-04
PMWSCM	KRS	204,783		104,439	$0.51	23-Jun-04
PMWSCM	KRS	86,547		44,139	$0.51	24-Jun-04
PMWSCM	KRS	135,000		68,850	$0.51	01-Jul-04
PMWSCM	KRS	50,377		26,700	$0.53	29-Jul-04
PMWSCM	KRS	13,189		7,122	$0.54	21-Sep-04
PMWSCM	KRS	30,258		16,339	$0.54	21-Sep-04
PMWSCM	KRS	1,061		573	$0.54	22-Sep-04
PMWSCM	KRS	7,839		4,233	$0.54	22-Sep-04
PMWSCM	KRS	69,598		39,671	$0.57	23-Sep-04
PMWSCM	KRS	544,277		310,238	$0.57	27-Sep-04
PMWSCS	KRS	24,195		13,065	$0.54	21-Sep-04
PMWSCS	KRS	55,507		29,974	$0.54	21-Sep-04
PMWSCS	KRS	1,105		597	$0.54	22-Sep-04
PMWSCS	KRS	8,159		4,406	$0.54	22-Sep-04
PMWSCS	KRS	71,002		40,471	$0.57	23-Sep-04
PMWSCS	KRS	548,206		312,477	$0.57	27-Sep-04
PMWSRF	KRS	65,000		44,850	$0.69	20-Jan-04
PMWSRF	KRS	240,000		156,000	$0.65	26-Feb-04
PMWSRF	KRS	1,000		570	$0.57	26-Mar-04
PMWSRF	KRS	459,404		294,019	$0.64	03-May-04
PMWSRF	KRS	1,200		720	$0.60	01-Jun-04
PMWSRF	KRS	4,740		2,836	$0.60	01-Jun-04
PMWSRF	KRS	1,500		900	$0.60	02-Jun-04
PMWSRF	KRS	3,700		2,220	$0.60	03-Jun-04
PMWSRF	KRS	19,500		11,700	$0.60	03-Jun-04
PMWSRF	KRS	6,000		3,600	$0.60	04-Jun-04
PMWSRF	KRS	19,700		11,820	$0.60	07-Jun-04
PMWSRF	KRS	30,000		18,000	$0.60	07-Jun-04
PMWSRF	KRS	1,500		900	$0.60	08-Jun-04
PMWSRF	KRS	1,400		840	$0.60	09-Jun-04
PMWSRF	KRS	110,000		59,400	$0.54	12-Jul-04
PMWSRF	KRS	5,800		3,074	$0.53	21-Jul-04
PMWSRF	KRS	69,000		39,330	$0.57	27-Sep-04
PCASF	KRS	106,240		56,307	$0.53	26-Jul-04
PCASF	KRS	106,500		56,445	$0.53	27-Jul-04
PCASF	KRS	212,740	$\blacksquare$	123,389	$0.58	05-Aug-04
PCREN	KRS	212,740		123,389	$0.58	05-Aug-04
SSREN	KRS	107,336		55,343	$0.52	18-Jun-04
SSREN	KRS	132,000		66,000	$0.50	30-Jun-04
SSREN	KRS	58,000		30,740	$0.53	08-Jul-04

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

Signature _______________________