Perpetual Limited — Major Shareholding Notification 2004

Jul 27, 2004

Form 603

Corporations Law Section 671B

Notice of initial substantial holder

To Company Name/Scheme SP TELECOMUNICATIONS LIMITED

ACNIARBN		093 058 069
1.	Details of substantial holder (1)
Name		PERPETUAL TRUSTEES AUSTRALIA LIMITED
ACN (if applicable)		000 431 827

The holder became a substantial holder on $27/07/2004$

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)	Votina power (6)
Ordinary	16,926,760	16,926,760	$9.40%$

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
PMISF1	RBC Global Services Australia Nominees PtyLimited ACF: Perpetual's Industrial Share FundAccount Code: PMISF1 Level 19 / 1Castlereagh Street Sydney NSW 200	RBC Global Services Australia NomineesPty Limited GPO Box5430 Sydney NSW 2000
PMISF2	RBC Global Services Australia Nominees PtyLimited ACF: Perpetual's Industrial Share FundAccount Code: PMISF2 Level 19 / 1Castlereagh Street Sydney NSW 200	RBC Global Services Australia NomineesPty Limited GPO Box5430 Sydney NSW 2000
PMISFJ	RBC Global Services Australia Nominees PtyLimited ACF: Perpetual's Industrial Share FundAccount Code: PMISFJ Level 19 / 1Castlereagh Street Sydney NSW 200	RBC Global Services Australia NomineesPty Limited GPO Box5430 Sydney NSW 2000
NSWTC	Cogent Nominees Pty Ltd ACF NSW TreasuryCorporation. Account Code: HGFPTERBC Global Services Australia Nominees PtyLimited, Level 19 / 1 Castlereagh Street SydneyNSW 2000	Cogent Nominees Pty Limited P.O. BoxR209, Royal Exchange, Sydney NSW1225
ARF	JP Morgan Chase Nominees LtdACF:Australian Retirement Fund. Account Code: ARFRBC Global Services Australia Nominees PtyLimited, Level 19 / 1 Castlereagh Street SydneyNSW 2000	JP Morgan Chase Nominees LockedBag 7, Royal Exchange Sydney NSW2000
PIFIJI	National Nominees Limited ACF: Fiji NationalProvident Fund Account Code: PIFIJI C/- RBCGlobal Services Australia Nominees Pty LtdLevel 19 Castlereagh Street Sydney NSW2000	National Australia Custodian Services A/CFNPEAE/9353-16 5th Floor South 271Collins Street Melbourne VIC 3000
PIACT	JP Morgan Chase Nominees LtdACF:Australian Capital Territory Treasury. AccountCode: PIACTRBC Global Services AustraliaNominees Pty Limited, Level 19 / 1 CastlereaghStreet Sydney NSW 2000	JP Morgan Chase Nominees LockedBag 7, Royal Exchange Sydney NSW2000
SMF	ACF:Permanent Trustee Australia LtdSMF Funds Management <smf 0013=""> AccountCode: SMF RBC Global Services Australia PtyLimited, Level 19 / 1 Castlereagh Street SydneyNSW 2000	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: ASF / GSF Level 19 / 1Castlereagh Street Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box5430 Sydney NSW 2000
PMBHP	JP Morgan Chase Nominees LtdACF: BHP Superannuation Fund. AccountCode: PMBHPRBC Global ServicesAustralia Nominees Pty Limited. Level 19 / 1Castlereagh Street Sydney NSW 2000	JP Morgan Chase Nominees LockedBag 7, Royal Exchange Sydney NSW2000
PMSCA	RBC Global Services Australia Nominees PtyATF: Perpetual's Smaller CompaniesLimitedAnalyst Fund Account Code: PMSCA. Level 19/ 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box5430 Sydney NSW 2000

PMCBUS	National Nominees Ltd ACF: Construction &Building Union Superannuation Fund AccountCode: PMCBUS RBC Global Services AustraliaNominees Pty Limited. Level 19 / 1 CastlereaghStreet Sydney NSW 200	National Australia Custodian Services5th Floor South, 271 Collins StreetMelbourne VIC 3000
PPSF	RBC Global Services Australia Nominees PtyLimited ATF: Perpetual Property SecuritiesFund Account Code: PPSF. Level 19 / 1Castlereagh Street Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box5430 Sydney NSW 2000
SASFIT	JP Morgan Chase Nominees LtdACF: South Australia Superanuuation FundAccount Code: SASFIT RBC Global ServicesAustralia Nominees Pty Limited. Level 19 / 1Castlereagh Street Sydney NSW 2000	JP Morgan Chase Nominees LockedBag 7 Royal Exchange Sydney NSW2000
ICIS	RBC Global Australia Nominees Pty LimitedACF: Perpetual Investor Choice Industrial AssetGroup Account Code: ICIS. Level 19 / 1Castlereagh Street Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box5430 Sydney NSW 2000
ICAS	RBC Global Services Australia Nominess PtyLimited. ACF: Perpetual Investor ChoiceAustralian Asset Group. Account Code: ICASLevel 19 / 1 Castlereagh Street Sydney NSW2000	RBC Global Services Australia NomineesPty Limited GPO Box 5430Sydney NSW 2000
ICSC	RBC Global Services Australia Nominees PtyLimited. ACF: Perpetual Investor ChoiceSmaller Asset Group Account Code: ICSC.Level 19 / 1 Castlereagh Street Sydney NSW2000	RBC Global Services Australia NomineesPty Limited GPO Box 5430Sydney NSW 2000
JP Morgan Chase Nominees LimitedACF: Host - Plus Pty Ltd Accoutn Code:PMHOST RBC Global Services AustraliaPMHOSTNominees Pty Limited, Level 19 / 1 CastlereaghStreet Sydney NSW 2000		JP Morgan Chase Nominees LockedBag 7, Royal Exchange Sydney NSW2000
PMCARE	National Nominees Limited.ACF: Care Super FundAccount Code: PMCARERBC Global Services Australia Nominees PtyLimited. Level 19, 1 Castlereagh Street, SydneyNSW 2000	National Australia Custodian Services5th Floor South, 271 Collins StreetMelbourne VIC 3000
PMPSS	ACF:JP Morgan Chase Nominees LimitedPSS Board & Total Risk ManagementAccount Code: PMPSSRBC Global Services Australia Nominees PtyLimited, Level 19, 1 Castlereagh Street, SydneyNSW 2000	JP Morgan Chase Nominees LockedBag 7, Royal Exchange Sydney NSW2000
PMMLC2	ACF:Westpac Custodian NomineesMLC Statutory Fund No.2AccountCode: PMMLC2RBC GlobalServices Australia Nominees Pty Limited, Level19, 1 Castlereagh Street, Sydney NSW 2000	Westpac Custodian NomineesState Street Fund Q7M6Level 9, 50 Pitt StreetSydney NSW 2000
PMMLC3	Westpac Custodian NomineesACFMLC Statutory Fund No.3AccountCode: PMMLC3RBC GlobalServices Australia Nominees Pty Limited, Level19, 1 Castlereagh Street, Sydney NSW 2000	Westpac Custodian NomineesState Street Fund Q7K4Level 9, 50 Pitt StreetSydney NSW 2000

PMMLC4	ACF:Westpac Custodian NomineesMLC Statutory Fund No.4AccountCode: PMMLC4RBC GlobalServices Australia Nominees Pty Limited, Level19, 1 Castlereagh Street, Sydney NSW 2000	Westpac Custodian NomineesState Street Fund Q7MDLevel 9, 50 Pitt StreetSydney NSW 2000
PMMLCI	ACF:Westpac Custodian NomineesMLC MasterkeyAccount Code:PMMLCIRBC GlobalServices Australia Nominees Pty Limited, Level19, 1 Castlereagh Street, Sydney NSW 2000	Westpac Custodian NomineesState Street Fund Q7MHLevel 9, 50 Pitt StreetSydney NSW 2000
PMMLCL	ACF:Westpac Custodian NomineesMLC Lifetime FundAccount Code:PMMLCLRBC GlobalServices Australia Nominees Pty Limited, Level19, 1 Castlereagh Street, Sydney NSW 2000	Westpac Custodian NomineesState Street Fund Q7K9Level 9, 50 Pitt StreetSydney NSW 2000
PMMLCP	ACF:Westpac Custodian NomineesMLCI Pool - Perpetual Australian Share TrustAccount Code: PMMLCPRBC Global Services Australia Nominees PtyLimited, Level 19, 1 Castlereagh Street, SydneyNSW 2000	Westpac Custodian NomineesState Street Fund Q7L5Level9.50 Pitt StreetSydneyNSW 2000
PMCSS	ACF:JP Morgan Chase Nominees LimitedCSS Board & Total Risk ManagementAccount Code: PMCSSRBC Global Services Australia Nominees PtyLimited, Level 19, 1 Castlereagh Street, SydneyNSW 2000	JP Morgan Chase Nominees LockedBag 7, Royal Exchange Sydney NSW2000
SSAUEQ	RBC Global Services Australia Nominees PtyLimited ACF: Perpetual InvestmentsManagement Account Code: SSAUEQ L19 / 1Castlereagh Street Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box5430 Sydney NSW 2000
PIHEST	RBC Global Services Australia Nominees PtyLimited ACF: Hest Australia Ltd Account Code:PIHEST GPO Box 5430 Sydney NSW 2000	JP Morgan Chase Nominees LockedBag 7, Royal Exchange Sydney NSW2000
SSCEF	RBC Global Services Australia Nominees PtyLimited ACF: Perpetual InvestmentsManagement Account Code: SSCEF L19 / 1Castlereagh Street Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box 5430Sydney NSW 2000
PCCEF	RBC Global Services Australia Nominees PtyLimited ACF: Perpetual InvestmentsManagement Account Code: SSCEF L19 / 1Castlereagh Street Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box 5430Sydney NSW 2000

PCASF	RBC Global Services Australia Nominees PtyLimited ACF: Perpetual InvestmentsManagement Account Code: SSCEF L19 / 1Castlereagh Street Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box 5430Sydney NSW 2000
SSPCI	RBC Global Services Australia Nominees PtyLimited ACF: Perpetual InvestmentsManagement Account Code: SSCEF L19 / 1Castlereagh Street Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box 5430Sydney NSW 2000
SSCCM	RBC Global Services Australia Nominees PtyLimited ACF: Perpetual InvestmentsManagement Account Code: SSCCM L19 / 1Castlereagh Street Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box5430 Sydney NSW 2000
SSREN	RBC Global Services Australia Nominees PtyLimited ACF: Perpetual InvestmentsManagement Account Code: SSREN L19 / 1Castlereagh Street Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box5430 Sydney NSW 2000
ICPS	RBC Global Services Australia Nominees PtyLimited, ACF: Perpetual Investor ChoiceProperty Securities Asset Group. Account Code:ICPS. Level 19 / 1 Castlereagh Street SydneyNSW 2000	RBC Global Services Australia NomineesPty Limited. GPO Box 5430 Sydney NSW2000
NFMGT	National Nominees Limited ACF: NationalFinancial Management Account Code:NU/NUPPAE RBC Global Services AustraliaNominees Pty Limited, Level 19 / 1 CastlereaghStreet Syndey NSW 2000	National Australia Custodian Services5th Floor South 271 Collins StreetMelbourne VIC 3000
PMONE	National Nominees Limited ACF: OneSteelSuerannuation FundAccount Code:PMONE, RBC Global Services AustraliaNominees Pty Limited Level 19 / 1 CastlereaghStreet Sydney NSW 2000	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: PCEF Level 19 / 1Castlereagh Street Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box5430 Sydney NSW 2000
QITE2	RBC Global Services Australia Nominees PtyLimited AFT: Quantitative Investments TE 2Equity Fund. Account Code: QITE2Level 19 / 1 Castlereagh Street Sydney NSW2000	RBC Global Services Australia NomineesPty Limited GPO Box5430 Sydney NSW 2000
PIMIT	Guardian TrustAustralia Ltd ACF: PerpetualJames Fielding Meridian Investment TrustAccount code PIMIT C/- RBC Global ServicesAustralia Nominees Pty Ltd Level 19, ICastlereagh St Sydney NSW 2000	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 PIWGAF C/- RBC Global ServicesAustralia Nominees Pty Ltd Level 19, 1Castlereagh St Sydney NSW 2000	UBS Nominee Pty Ltd <prime broking<br="">A/C> Level 25, 1 Farrer Place GovenorPhillip Tower Sydney NSW 200

PIWSPF	UBS Nominee Pty Ltd ACF: PerpetualWholesale Share Plus Fund Account codePIWSPF C/- RBC Global Services AustraliaNominees Pty Ltd Level 19, 1 Castlereagh StSydney NSW 2000	UBS Nominee Pty Ltd <prime broking<br="">A/C> Level 25, 1 Farrer Place GovenorPhillip Tower Sydney NSW 200
PMFSAS	JP Morgan Chase Nominees LimtiedACF: Funds SA Small Co PortfolioAccount Code: PMFSAS RBC Global ServicesAustralia Nominees Pty Limited Level 19 / 1Castlereagh Street Sydney NSW 2000	JP Morgan Chase Nominees LockedBag 7, Royal Exchange Sydney NSW2000
PMSTA	National Nominees Limited ACF: Super Trust ofAustralia Account Code: PMSTA. RBC GlobalServices Australia Nominees Pty LimitedLevel 19 / 1 Castlereagh Street Sydney NSW2000	National Australia Custodian Services5th Floor South 271 Collins StreetMelbourne VIC 3000
PMWSCM	RBC Global Australia Nominees Pty LimitedACF: Perpetual Wholesale Smaller Co FundAccount Code: PWSCF. Level 19 / 1Castlereagh Street Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box5430 Sydney NSW 2000
PMWSCS	RBC Global Australia Nominees Pty LimitedACF: Perpetual Wholesale Smaller Co FundAccount Code: PWSCF, Level 19 / 1Castlereagh Street Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box5430 Sydney NSW 2000
PMREST	JP Morgan Chase Nominees LimitedACF: Retail Employers Superannuation FundAccount Code: PMREST. RBC Global ServicesAustralia Nominees Pty LimitedLevel 19 / 1 Castlereagh Street Sydney NSW200	JP Morgan Chase Nominees LockedBag 7, Royal Exchange Sydney NSW2000
AMCORP	National Nominees LtdACF: A.MCorporation Account. Account Code:AMCORP RBC Global Services AustraliaNominees Pty Limited, Level 19 / 1 CastlereaghStreet Sydney NSW 200	National Australia Custodian ServicesA/C ATPFAE 6822 - 16. 5th Floor South271 Collins Street Melbourne VIC 3000
TEL	National Nominees Limited ACF: TelstraSuperannuation Pty LimitedAccount Code:TEL RBC Global Services Australia NomineesPty Limited, Level 19 / 1 Castlereagh StreetSydney NSW 2000	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: PMFR RBC Global ServicesAustralia Nominees Pty Limited Level 19 / 1Castlereagh Street Sydney NSW 2000	Westpac Custodian NomineesState Street Fund BQ8D Level 9 / 50 PittStreet Sydney NSW 2000
PMCPSF	Citicorp Nominees Pty Ltd EPSS03:Commonwealth Property Fund 3 Account Code:PMCPSF. RBC Global Services Australia PtyLtd, Level 19/1 Castlereagh St. Sydney NSW2000	Citicorp Nominees Pty Ltd GPO Box764G Melbourne VIC 3001
PMCGSF	Citicorp Nominees Pty Ltd EASS11:Commonwealth Aust Shares Fund 11Account Code: PMCGSFRBC GlobalServices Australia Pty Ltd Level 19/1Castlereagh St. Sydney NSW 2000	Citicorp Nominees Pty Ltd GPO Box764G, Melbourne VIC 3001

CBAISF	Citicorp Nominees Pty Ltd. EASS04:Commonwealth Aust Shares Fund 4. AccountCode: CBAISF, RBC Global Services AustraliaPty Ltd Level 19/1 Castlereagh St.Sydney NSW 2000	Citicorp Nominees Pty Ltd GPO Box764G, Melbourne VIC 3001
PMWSRF	RBC Global Services Australia Nominees PtyLimitedACF Perpetual's Wholesale Ethical SRI FundAccount Code: PMWSRFLevel 19 / 1 Castlereagh StreetSydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box5430 Sydney NSW 2000
PTGEN	Perpetual Trustee Services General A / CAccount Code: PTGENRBC Global ServicesAustralia Nominees Pty LimitedLevel 19 / 1 Castlereagh Street Sydney NSW2000	RBC Global Services Australia NomineesPty Limited GPO Box 5430,Sydney NSW 2000
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: PTCO RBC Global ServicesAustralia Nominees Pty LimitedLevel 19 / 1 Castlereagh Street Sydney NSW2000	RBC Global Services Australia NomineesPty Limited GPO Box 5430,Sydney NSW 2000
PTNM	P.T.A. Nominees Limited ATF: PerpetualTrustees Nominees LimitedAccount Code: PTNM RBC Global ServicesAustralia Nominees Pty LimitedLevel 19 / 1 Castlereagh Street Sydney NSW2000	RBC Global Services Australia NomineesPty Limited GPO Box 5430,Sydney NSW 2000
PTVIC	Perpetual Trustee Victoria LimitedAccount Code: PTNM RBC Global ServicesAustralia Nominees Pty LimitedLevel 19 / 1 Castlereagh Street Sydney NSW2000	RBC Global Services Australia NomineesPty Limited GPO Box 5430,Sydney NSW 2000
PNOM	Perpetual Nominees Pty LimitedAccount Code: PNOMRBC Global ServicesAustralia Nominbees Pty LimitedLevel 19 / 1 Castlereagh Street Sydney NSW2000	RBC Global Services Australia NomineesPty Limited GPO Box 5430,Sydney NSW 2000
PTAN	Perpetual Nominees Limited Account Code:PTAN RBC Global Services AustraliaNominees Pty Limited, Level 19 / 1 CastlereaghStreet Sydney NSW 2000	RBC Global Services Australia NomineesPty Limited GPO Box 5430.Sydney NSW 2000
PML	Perpetual Management Limited Account Code:PMLRBC Global Services AustraliaNominees Pty LimitedLevel 19 / 1 Castlereagh Street Sydney NSW2000	RBC Global Services Australia NomineesPty Limited GPO Box 5430,Sydney NSW 2000

PTWA	Perpetual Trustee WA LimitedAccount Code: PTWA RBC Global ServicesAustralia Nominees Pty LimitedLevel 19 / 1 Castlereagh Street Sydney NSW2000	RBC Global Services Australia NomineesPty Limited GPO Box 5430,Sydney NSW 2000
Τ2	Perpetual Trustee Company LimitedPrivate Client Division )	Perpetual Trustee Company Limited39 Hunter Street, Sydney 2000
ТЗ	Perpetual Trustees Victoria LimitedPrivate Client Division )	Perpetual Trustee Company Limited39 Hunter Street, Sydney 2000
T4	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

) Summary (Using that Trustees)FIE			e i ali zi
∦SOT (Sp Telecomm)		Portfolios
RENETE	ento	Holdings
- Ibre	PM	1,508,581
ICSC محتملا	PМ.	1,477,771
PMSCA	PМ	500
PMWSRF	PM	408,907
PMWSCM هن	PM	1,176,172
MPMWSCS	PM	1,173,587
CBAISF هن	PМ.	585,286
PMISF2 هي	PM	10,566,628
ا SSPC مس	SS	13,672
PCASE والمحمول	PC.	15,656

CHANGES IN RELEVANT INTERESTS

Account	Security	Quantity		Value	Price	DateAsAt
CBAISF	SOT	19,000		16,150	$0.85	26-Aug-02
CBAISF	SOT	39,149		48,545	$1.24	30-Jan-04
CBAISF	SOT	2,219		2,729	$1.23	02-Feb-04
CBAISF	SOT	15,000		11,550	$0.77	24-Jan-03
CBAISF	SOT	47,610		58,560	$1.23	01-Oct-03
CBAISF	SOT	25	-	37	$1.46	06-Oct-03
CBAISF	SOT	25	-	37	$1.47	06-Oct-03
CBAISF	SOT	990	÷	1,416	$1.43	06-Oct-03
CBAISF	SOT	6,733	$\overline{a}$	9,554	$1.42	06-Oct-03
CBAISF	SOT	7,035		9,005	$1.28	24-Oct-03
CBAISF	SOT	87,954		109,943	$1.25	21-Jan-04
CBAISF	SOT	3,897		4,871	$1.25	27-Jan-04
CBAISF	SOT	49,468		61,340	$1.24	29-Jan-04
CBAISF	SOT	896		1,102	$1.23	29-Jan-04
CBAISF	SOT	15,798		21,010	$1.33	29-Mar-04
CBAISF	SOT	1,343		1,746	$1.30	30-Mar-04
CBAISF	SOT	2,245		2,919	$1.30	05-Apr-04
CBAISF	SOT	3,336		4,335	$1.30	05-Apr-04
CBAISF	SOT	292		380	$1.30	06-Apr-04
CBAISF	SOT	375		488	$1.30	06-Apr-04
CBAISF	SOT	8,701		12,703	$1.46	08-Apr-04
CBAISF	SOT	7,112		9,246	$1.30	10-May-04
CBAISF	SOT	481		625	$1.30	11-May-04
CBAISF	SOT	8,035		10,446	$1.30	01-Jun-04
CBAISF	SOT	1,939		2,508	$1.29	11-Jun-04
CBAISF	SOT	283,241			$	27-Jul-04
CBAISF	SOT	5,335			$	28-Jul-04
ICIS	SOT	67,181		46,355	$0.69	03-Aug-02
ICIS	SOT	101,000		85,850	$0.85	26-Aug-02
ICIS	SOT	10,647		10,115	$0.95	30-Apr-03
ICIS	SOT	109,087		134,177	$1.23	01-Oct-03
ICIS	SOT	84	$\overline{a}$	123	$1.46	06-Oct-03
ICIS	SOT	84		123	$1.47	06-Oct-03
ICIS	SOT	3,345	$\overline{a}$	4,783	$1.43	06-Oct-03
ICIS	SOT	22,740		32,267	$1.42	06-Oct-03
ICIS	SOT	24,119		30,872	$1.28	24-Oct-03
ICIS	SOT	252,450		315,563	$1.25	21-Jan-04
ICIS	SOT	10,023		12,529	$1.25	27-Jan-04
ICIS	SOT	149,203		185,012	$1.24	29-Jan-04
ICIS	SOT	2,719		3,344	$1.23	29-Jan-04
ICIS	SOT	117,372		145,541	$1.24	30-Jan-04
ICIS	SOT	3,398		4,180	$1.23	02-Feb-04
ICIS	SOT	5,095		6,776	$1.33	29-Mar-04
ICIS	SOT	1,902		2,473	$1.30	30-Mar-04
ICIS	SOT	3,317		4,312	$1.30	05-Apr-04
ICIS	SOT	4,928		6,404	$1.30	05-Apr-04
ICIS	SOT	24,590		35,901	$1.46	08-Apr-04
ICIS	SOT	12,803		18,442	$1.44	29-Apr-04

This is annexure 3 Page 1 of 4 referred to in Form 603Title: Notice of initial substantial holder

ICIS	SOT	3,912$\overline{\phantom{a}}$		5,626	$1.44	30-Apr-04
ICIS	SOT	2,162		2,811	$1.30	10-May-04
ICIS	SOT	2,153		2,799	$1.30	11-May-04
ICIS	SOT			3,968	$1.30	01-Jun-04
		3,052
ICIS	SOT	895		1,158	$1.29	11-Jun-04
ICIS	SOT	713,375			$	27-Jul-04
ICIS	SOT	13,355			$	28-Jul-04
ICSC	SOT	345,775		266,247	$0.77	24-Jan-03
					$
ICSC	SOT	37,303	$\overline{a}$	29,469	0.79	21-Mar-03
ICSC	SOT	27,452	$\overline{a}$	26,079	$0.95	30-Apr-03
ICSC	SOT	77,384		77,384	$1.00	07-May-03
ICSC	SOT	178,424		219,462	$1.23	01-Oct-03
ICSC	SOT	88	$\overline{\phantom{a}}$	128	$1.46	06-Oct-03
ICSC	SOT	88		129	$1.47	06-Oct-03
			$\overline{a}$
ICSC	SOT	3,534	$\overline{a}$	5,054	$1.43	06-Oct-03
ICSC	SOT	24,022	$\overline{a}$	34,086	$1.42	06-Oct-03
ICSC	SOT	26,693		37,904	$1.42	07-Oct-03
ICSC	SOT	8,155		10,563	$1.30	17-Oct-03
ICSC	SOT	37,127		48,165	$1.30	22-Oct-03
ICSC	SOT	22,647		29,037	$1.28	23-Oct-03
ICSC	SOT	34,893		44,663	$1.28	24-Oct-03
ICSC	SOT	22,989	$\overline{a}$	30,116	$1.31	18-Nov-03
ICSC	SOT	54,354	$\overline{a}$	71,204	$1.31	19-Nov-03
ICSC	SOT	10,672		13,980	$1.31	20-Nov-03
ICSC
	SOT	30,011		40,075	$1.34	21-Nov-03
ICSC	SOT	3,740	-	5,012	$1.34	24-Nov-03
ICSC	SOT	1,116	$\overline{a}$	1,495	$1.34	25-Nov-03
ICSC	SOT	44,590	$\overline{a}$	60,024	$1.35	26-Nov-03
ICSC	SOT	3,868	$\tilde{}$	5,047	$1.30	24-Dec-03
ICSC	SOT	2,821	$\overline{a}$	3,639	$1.29	13-Jan-04
ICSC	SOT	9,205	$\tilde{}$	11,874	$1.29	14-Jan-04
ICSC	SOT	2,757	$\tilde{ }$	3,557	$1.29	15-Jan-04
ICSC	SOT	893	$\tilde{\phantom{a}}$	1,152	$1.29	22-Jan-04
ICSC	SOT	1,562		2,015	$1.29	23-Jan-04
ICSC	SOT	241,879		299,930	$1.24	30-Jan-04
ICSC					$
	SOT	9,875		13,331	1.35	15-Jul-04
ICSC	SOT	9,875		13,331	$1.35	15-Jul-04
ICSC	SOT	694,479			$÷	27-Jul-04
ICSC	SOT	25,944			$$\overline{a}$	28-Jul-04
ICSC	SOT	341,979		263,324	$0.77	24-Jan-03
ICSC	SOT	39,223	$\tilde{}$	30,986	$0.79	21-Mar-03
ICSC	SOT	110,759		100,791	$0.91	28-Apr-03
ICSC	SOT	36,229	$_{\rm m}$	34,418	$0.95	30-Apr-03
ICSC	SOT	77,400		77,400	$1.00	07-May-03
ICSC	SOT	78,368	$\tilde{}$	78,368	$1.00	13-May-03
ICSC	SOT	409,586		511,983	$1.25	21-Jan-04
ICSC	SOT	409,586		507,887	$1.24	29-Jan-04
			$\tilde{}$
ICSC	SOT	9,875		13,331	$1.35	15-Jul-04
ICSC	SOT	9,875		13,331	$1.35	15-Jul-04
ICSC	SOT	691,998			$	27-Jul-04
ICSC	SOT	25,850			$	28-Jul-04
PCASF	SOT	7,000		10,150	$1.45	26-Jul-04
PCASF	SOT	8,656		12,465	$1.44	27-Jul-04
PMISF2	SOT	1,183,867		935,255	$0.79	02-Oct-02

This is annexure 3 Page 2 of 4 referred to in Form 603Title: Notice of initial substantial holder

Signature _______________________

PMISF2	SOT		85,353	$\overline{ }$	81,085	$	0.95	30-Apr-03
PMISF2	SOT		711,303		874,903	$	1.23	01-Oct-03
PMISF2	SOT		571		834	$	1.46	06-Oct-03
PMISF2	SOT		571	$\overline{a}$	839	$	1.47	06-Oct-03
PMISF2	SOT		22,865	$\overline{a}$	32,697	$	1.43	06-Oct-03
PMISF2	SOT		155,407	$\overline{a}$	220,517	$	1.42	06-Oct-03
PMISF2	SOT		157,693		201,847	$	1.28	24-Oct-03
PMISF2	sot		1,739,596		2,174,495	$	1.25	21-Jan-04
PMISF2	SOT		73,080		91,350	$	1.25	27-Jan-04
PMISF2	SOT		1,021,329		1,266,448	$	1.24	29-Jan-04
PMISF2	SOT		18,585		22,860	$	1.23	29-Jan-04
PMISF2	SOT		804,326		997,364	$	1.24	30-Jan-04
PMISF2	SOT		24,383		29,991	$	1.23	02-Feb-04
PMISF2	SOT		97,739		129,982	$	1.33	29-Mar-04
PMISF2	SOT		14,755		19,182	$	1.30	30-Mar-04
PMISF2	sot		21,362		27,771	$	1.30	05-Apr-04
PMISF2	SOT		31,736		41,241	$	1.30	05-Apr-04
PMISF 2	SOT		2,099		2,729	$	1.30	06-Apr-04
PMISF2	SOT		2,701		3,511	$	1.30	06-Apr-04
PMISF2	SOT	$\overline{ }$	166,709	$\overline{a}$	243,395	$	1.46	08-Apr-04
PMISF2	SOT		76,089	$\overline{a}$	109,599	$	1.44	29-Apr-04
PMISF2	SOT		23,696	$\overline{a}$	34,079	$	1.44	30-Apr-04
PMISF2	SOT		24,073		31,295	$	1.30	10-May-04
PMISF2	SOT		24,866		32,326	$	1.30	11-May-04
PMISF2	SOT					$		01-Jun-04
			21,369		27,780		1.30
PMISF2	SOT		27,210		35,192	$	1.29	11-Jun-04
PMISF2	SOT		5,002,577			$	÷	27-Jul-04
PMISF2	SOT		93,240			$		28-Jul-04
PMSCA	SOT		250		338	$	1.35	15-Jul-04
PMSCA	SOT		250		338	$	1.35	15-Jul-04
PMWSCM	SOT		1,210,208		931,860	$	0.77	24-Jan-03
PMWSCM	SOT		213,967	÷	169,034	$	0.79	21-Mar-03
PMWSCM	SOT	$\blacksquare$	389,241		354,209	$	0.91	28-Apr-03
PMWSCM	SOT	$\overline{\phantom{a}}$	115,771	$\overline{a}$	109,982	$	0.95	30-Apr-03
PMWSCM	SOT		246,099	$\overline{a}$	246,099	$	1.00	07-May-03
PMWSCM	SOT		245,130		245,130	$	1.00	13-May-03
PMWSCM	SOT		810,414		1,013,018	Φ	1.25	21-Jan-04
PMWSCM	SOT		$810,414 -$		1,004,913	$	1.24	29-Jan-04
PMWSCM	SOT		1,138,822			$	÷	27-Jul-04
PMWSCM	SOT		37,350			$	$\overline{a}$	28-Jul-04
PMWSCS	SOT		1,211,533		932,880	$	0.77	24-Jan-03
PMWSCS	SOT		209,507	$\frac{1}{2}$	165,511	$	0.79	21-Mar-03
PMWSCS	SOT	$\frac{1}{2}$	124,548	$\overline{a}$	118,321	$	0.95	30-Apr-03
PMWSCS	SOT		246,114	$\overline{a}$	246,114	$	1.00	07-May-03
PMWSCS	SOT		75,000	$\sim$	95,250	$	1.27	08-Sep-03
PMWSCS	SOT		353,576		434,898	$	1.23	01-Oct-03
PMWSCS	SOT		232	$\overline{a}$	339	$	1.46	06-Oct-03
PMWSCS	SOT		6,009	$\tilde{}$	8,052	$	1.34	25-Nov-03
PMWSCS	SOT		99,130	$\tilde{\phantom{a}}$	133,441	$	1.35	26-Nov-03
PMWSCS	SOT		28,415	$\overline{a}$	38,300	$	1.35	27-Nov-03
PMWSCS	SOT		9,882	$\overline{a}$	12,895	$	1.30	24-Dec-03
PMWSCS	SOT	-	27,087	$\overline{a}$	34,942	$	1.29	13-Jan-04
PMWSCS	SOT	-	18,900	$\overline{a}$	24,381	$	1.29	14-Jan-04
PMWSCS	SOT		6,843		8,827	$	1.29	15-Jan-04

This is annexure 3 Page 3 of 4 referred to in Form 603Title: Notice of initial substantial holder

Signature _______________________

PMWSCS	SOT		232.	$\tilde{\phantom{a}}$	341	$1.47	06-Oct-03
PMWSCS	SOT		9,266	$\ddot{\phantom{1}}$	13,250	$1.43	06-Oct-03
PMWSCS	SOT		62,981		89,368	$1.42	06-Oct-03
PMWSCS	SOT		63,307	$\overline{\phantom{a}}$	89,896	$1.42	07-Oct-03
PMWSCS	SOT		62,873		81,565	$1.30	22-Oct-03
PMWSCS	SOT		47,353		60,713	$1.28	23-Oct-03
PMWSCS	SOT		91,005		116,486	$1.28	24-Oct-03
PMWSCS	SOT		77,011	$\overline{a}$	100,884	$1.31	18-Nov-03
PMWSCS	SOT		123.819	$\overline{a}$	162,203	$1.31	19-Nov-03
PMWSCS	SOT		11,155	$\overline{a}$	14,613	$1.31	20-Nov-03
PMWSCS	SOT		77,489	$\overline{a}$	103,475	$1.34	21-Nov-03
PMWSCS	SOT		9,500	$\overline{a}$	12,730	$1.34	24-Nov-03
PMWSCS	SOT	$\overline{1}$	6,507	$\overline{a}$	8,394	$1.29	22-Jan-04
PMWSCS	SOT		4,438		5,725	$1.29	23-Jan-04
PMWSCS	SOT		468,968		581,520	$1.24	30-Jan-04
PMWSCS	SOT		1,136,341			$	27-Jul-04
PMWSCS	SOT		37,246			$	28-Jul-04
PMWSRF	SOT		100,000		130,000	$1.30	22-Oct-03
PMWSRF	SOT		20,000		25,400	$1.27	23-Oct-03
PMWSRF	SOT		10,000		11,800	$1.18	11-Nov-03
PMWSRF	SOT		222,330		260,126	$1.17	11-Nov-03
PMWSRF	SOT		63,928	$_{\rm m}$	87,255	$1.36	27-Nov-03
PMWSRF	SOT		3,067	$\overline{a}$	4,079	$1.33	08-Dec-03
PMWSRF	SOT		15,000	$\bar{a}$	19,500	$1.30	15-Dec-03
PMWSRF	SOT		200,000		250,000	$1.25	21-Jan-04
PMWSRF	SOT		250,000	$\overline{\phantom{a}}$	310,000	$1.24	30-Jan-04
PMWSRF	SOT		20,000	$\overline{a}$	28,000	$1.40	23-Mar-04
PMWSRF	SOT		5,100	$\tilde{}$	7,140	$1.40	24-Mar-04
PMWSRF	SOT		4,900	$\tilde{}$	6,860	$1.40	25-Mar-04
PMWSRF	SOT		334,593			$	27-Jul-04
PMWSRF	SOT		120,559	$_{\rm m}$	174,811	$1.45	27-Jul-04
PMWSRF	SOT		4,538			$	28-Jul-04
SSPCI	SOT		12,900			$	27-Jul-04
SSPCI	SOT		772				28-Jul-04

This is annexure 3 Page 4 of 4 referred to in Form 603Title: Notice of initial substantial holder