PRL GLOBAL LTD — Major Shareholding Notification 2003

Sep 16, 2003

۔ المار

David Pethard 0409564089 03 98275337

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n	page 1/2 15 July 2001

					603	page 1/2 15 July 2001
	$\ddot{\phantom{0}}$		Form 603
		Section 6718	Corporations Act 2001
		Notice of initial substantial holder
To Company Name/Scheme		Asset Backed Holdings
ACN/ARSN006 788 754
1. Details of substantial holder (1)
Name		Ronay Investments Pty Ltd, ACN 004 672 413, Masoncastle Pty ltd
ACN/ARSN (if applicable)		ACN 004 672 413 and Havid Pethard
The holder became a substantial holder on2. Details of voting powerThe 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 arelevant interest (3) in on the date the substantial holder became a substantial holder are as follows:		25 / 8 / 2003
		Number of securities.	Person s votes (5)		Voting power (6)
Class of securities (4)		2956266		2956266	5.81%
ordinaxy
3. Details of relevant interests
		The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the cate the substantial trotter became a substantial
Holder of relevant interest		Nature of relevant interest (7)			Class and number of securities
see attached notes
Holder of relevantInterest		Registered holder ofsecurities	Person entit ed ta ae lregistered as holder (B)		Class and numberof securities
see attached notes
holder are as follows:4. Details of present registered holdersThe persons registered as holders of the securities referred to in paragraph 3 shows are as follows:5. ConsiderationThe consideration paid for each relevant interest referred to in paragrach 3 above, and acquired in the four months prior to the day that the substantial holder became asubstantial holder's as follows:Holder of relevantinterest		Date of acquisition	Consideration (9)Cash	Non-cash	Class and numberof securities$\mathcal{L}_{\rm{p}}$ :
Ronay Investments		25/08/2003	$11500		ordinary

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$\mathcal{L}_{\mathcal{B}}^{(1)}$ .

17/10/2003 14:24 98278448

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603 page 2/2 15 July 2001

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	Name and ACN/ARSN (If applicable)	Nature of association
	sec attached notes
7. Addresses	The addresses of persons named in this form are as follows:
			и.
	Name	Address
	see attached notes
Signature
	ountrome pavid fo tbard		capadly Director
	sign here		'Lo&
		DIRECTIONS
form.	If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and quated of anequity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred tothroughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the
	See the definition of "associate" in section 9 of the Corporations Act 2001.
	See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
	The voting shores of a company constitute one class unless divided into separate classes.
	The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate hes a relevant
interost in
	The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
働	Include details of:any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out
	the terms of any relevant agreement, and a statement by the person giving full and accurate details of ony contract, schomo or arrangement, must accompanythis form, together with a written statement certifying this contract, scheme or larrangement; and
Ф)	any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or inisposal of the securities towhich the relevant interest relates (indicating dearly the particular securities to which the qualification applies).
	See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.		$\epsilon^{\mu}$
	if the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises hecause of an option) write "unknown".
	Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becomeentitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must beincluded of any benefit paid on behalf of the substant allholder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whomthe relevant interest was acquired.
			$\label{eq:1} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{1}{2} \frac{$

Attachnent to Form 603

3. Details of relevant interests

The nature of the relevant 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 Ronay Investments Pty Ltd Masoncastle Pty Ltd DD Pethard and D Looker as trustee for the Pethard Tarax Charitable Trust Nature of relevant Interest (7) The power to vote Class and number of securities Ordinary SharesRonay Investments Pty Ltd 1228766 Masoncastle Pty Ltd 1427500

DD Pethard and D Looker as trustee for the Pethard Tarax Charitable Trust 300,000

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows: Holder of relevant interest Ronay Investments Pty Ltd Masoncastle Pty Ltd DD Pethard and D Looker as trustee for the Pethard Tarax Charitable Trust

Registered holder of securities Ronay Investments Pty Ltd Mesonoastic Pty Ltd DD Pethard and D Looker as trustee for the Pethard Tarax Charitable Trust

Person entitled to be registered as holder (8) of securities Ronay Investments Pty Ltd Masoncastle Pty Ltd DD Pethard and D Looker as trustee for the Pethard Tarax Charitable Trust

Class and number of securities Ordinary Shares Ronay Investments Pty Ltd 1228766 Masoncastle Pty Ltd 1427500

DD Pethard and D Looker as trustee for the Pethard Tarax Charitable Trust 300,000

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as fullows:

David Pethard is a director of Ronay Investments Pty Ltd and Masoncastle Pty Ltd and is a trustee of the Pethard Tarax Charitable trust

1. AddressesThe addresses of persons named in this form are as follows:

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Ronay Investments Pty Ltd, Masoncastle Pty Itd and David Pethard at 42 Kensington Road South Yarra Victoria 3141

Dandward