PPK GROUP LIMITED — M&A Activity 2005

Jan 23, 2005

YORK GROUP LIMITED

ABN 24 010 693 919 Suite 703, Level 7, 301 George Street, Sydney NSW 2000 GPO Box 4190, Svdnev NSW 2000 Telephone (02) 9262 3938 ↔ Facsimile (02) 9279 3955 Email yorkgroup@yorkgroup.com.au

21 January 2005

Dear Shareholder.

Plaspak Group Limited on-market takeover offer for York Group Limited

We refer to the Plaspak Group Limited (Plaspak) Offer and Bidder's Statement dated 10 December 2004 and the York Group Limited (York) Target's Statement dated 20 December 2004.

We advise that York directors Messrs. Lenzner and Stovold have accepted and sold their own shareholdings and those York shares in which they held an interest. York directors Messrs. Gray and Carter have not yet accepted the Plaspak Offer for their own shareholdings or for those York shares in which they have an interest, however as mentioned in the Target's Statement it is their intention to do so in the absence of a higher offer.

It is noted that the Plaspak on-market Offer is due to close on 31 January 2005.

Yours Sincerely,

A.M. Convers

A.M. Connell Director/Company Secretary