PPK GROUP LIMITED — Capital/Financing Update 2003

Nov 30, 2003

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement. application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002.

Name of entity

PLASPAK GROUP LIMITED

ABN

65 003 964 181

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

$\mathbf{1}$ ⁺Class of ⁺securities issued or Ordinary to be issued

$\overline{2}$ Number of ⁺securities issued or to be issued (if known) or maximum number which may be issued

3 Principal terms of the *securities (eg, if options, exercise price and expiry date; if partly paid *securities, the amount outstanding and due dates for payment; if *convertible securities, the conversion price and dates for conversion)

$(1)$ 150,000 $(2)$ 145,000 $(3)$ 376,695

Total: 671,695

Ordinary shares

4	the securities rank Do. equally in all respects from the date of allotment with an existing + class of quoted securities? If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do ۰ not rank equally, other than in relation to the next dividend, distribution or interest payment	Yes
5	Issue price or consideration	$(1)$ 50,000 options exercisable at \$0.78 per share (\$39,000); 100,000 options exercisable at \$0.70 (\$70,000) (2) 70,000 options exercisable at \$0.65 cents share per $(\$45,500);$ 75,000 options exercisable at \$0.83 cents per share (\$62,250). (3) 376,695 x DRP price of \$0.94 = \$354,093
6	Purpose of the issue (If issued as consideration for acquisition of assets, the clearly identify those assets)	(1) Exercise of Options granted pursuant to Service Agreement with the Company. Exercise of Options granted (2) to pursuant approved Executive Incentive Scheme Rules. Dividend Reinvestment Plan. (3)
7	Dates of entering 'securities into uncertificated holdings or despatch of certificates	22 September 2002. (1) 28 October 2003. (2) 12 November 2003 (3)

$\mathbf{R}$ Number and ⁺class of all *securities quoted on ASX (including the securities in clause 2 if applicable)

Number	+ Class
67,320,949	Ordinary

Number

2,045,000

$\mathbf{Q}$ Number and ⁺class of all *securities not quoted on ASX (including the securities in clause 2 if applicable)

the contract of the contract of the . .	$\cdots$ ÷

$\overline{\text{^-}$ Class^†

Options

10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Entitled to such dividends as
determined by the Board of Directors
for ordinary shares.

Part 2 - Bonus issue or pro rata issue

• $11\,$ Is security holder approval required?
• 12 Is the issue renounceable or non-renounceable?
• Ratio in which the *securities 13 will be offered
• 14 ⁺Class of ⁺securities to which the offer relates
• *Record date to determine 15 entitlements
• 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?
• 17 Policy for deciding entitlements in relation to fractions

18	Names of countries in which entity the. has $^*$ security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.
19	Closing date for receipt of acceptances or renunciations
20	Names of any underwriters
21	Amount of any underwriting fee or commission
22	Names of any brokers to the issue
23	Fee or commission payable to the broker to the issue
24	Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of *security holders
25	If the issue is contingent on *security holders' approval, the date of the meeting
26	entitlement Date and acceptance and form Product prospectus or Disclosure Statement will be sent to persons entitled
27	If the entity has issued options, and the terms entitle option holders to participate exercise, the date on on which notices will be sent to option holders
28	Date rights trading will begin (if applicable)
29	Date rights trading will end (if applicable)

⁺ See chapter 19 for defined terms.

• 30 How do "security holders sell their entitlements in full through a broker?
• 31 How do "security holders sell part of their entitlements through a broker and accept for the balance?
• 32 How do *security holders dispose of their entitlements (except by sale through a broker)?
• 1. ⁺Despatch date

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities (tick one) Securities described in Part 1 $|a|$ $(b)$ All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

(If the additional securities do not form a new class, go to 43)

Tick to indicate you are providing the information or documents

• If the 'securities are 'equity securities, the names of the 20 largest 35 holders of the additional *securities, and the number and percentage of additional *securities held by those holders
• 36 If the 'securities are 'equity securities, a distribution schedule of the additional *securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ $5,001 - 10,000$

10,001 - 100,000
100,001 and over

A copy of any trust deed for the additional *securities

(now go to $43$ )

37

⁺ See chapter 19 for defined terms.

Entities that have ticked box 34(b)

• 38 Number of securities for which *quotation is sought
• 39 Class of *securities for which quotation is sought
• 40 equally in all respects from the date of allotment with an existing ⁺class of quoted *securities?

not rank equally, please state:

• the date from which they do
• distribution) trust. or interest payment
• not rank equally, other interest payment
• $41$ Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

42 Number and 'class of all *securities quoted on ASX (including the securities in clause 38)

+ Class

Do the ⁺securities rank

If the additional securities do

• the extent to which they participate for the next dividend, (in the case of a
• the extent to which they do than in relation to the next dividend, distribution or

(now go to $43$ )

All entities

Fees

• 43 Payment method (tick one)
• Cheque attached
• Electronic payment made

Note: Payment may be made electronically if Appendix 3B is given to ASX electronically at the same time.

Periodic payment as agreed with the home branch has been arranged Note: Arrangements can be made for employee incentive schemes that involve frequent issues of securities

Ouotation agreement

• *Ouotation of our additional *securities is in ASX's absolute $\mathbf{1}$ discretion. ASX may quote the 'securities on any conditions it decides.
• $\mathcal{D}_{\mathcal{L}}$ We warrant the following to ASX.
• The issue of the "securities to be quoted complies with the law and is not for an illegal purpose.
• There is no reason why those 'securities should not be granted 'quotation.
• An offer of the 'securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any *securities to be quoted and that no-one has any right to return any *securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the 'securities be quoted.
• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the *securities to be quoted, it has been provided at the time that we request that the 'securities be quoted.
• If we are a trust, we warrant that no person has the right to return the *securities to be quoted under section 1019B of the

⁺ See chapter 19 for defined terms.

Corporations Act at the time that we request that the *securities be quoted.

• $\mathcal{S}$ We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before 'quotation of the 'securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: ...................................... (Director/Company secretary)

JURY IVAN WOWK Print name:

the contract of the contract and the contract

⁺ See chapter 19 for defined terms.