REACH RESOURCES LIMITED — Board/Management Information 2003

Oct 23, 2003

24 October 2003

Company Announcements Office Australian Stock Exchange PO Box H224 Australia Square Sydney NSW 2000

Dear Sir/Madam

APPOINTMENT OF DIRECTOR

Cervantes Seafood Limited wishes to advise that pursuant to shareholders' approval granted at the General Meeting held on 16 October 2003, Mr Paul Rengel has been appointed as a Non-Executive Director of the Company.

Following is Mr Rengel's "Appendix 3X - Initial Director's Interest Notice".

Yours sincerely

Anthony Ho Company Secretary

att.

Rule 3.19A.1

Appendix 3X

Initial Director's Interest Notice

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 30/9/2001.

Name of entity	Cervantes Seafood Limited
ABN	79 097 982 235

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Paul Rengel
Date of appointment	16 October 2003

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

Nil

$+$ See chapter 19 for defined terms.

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder $&$ nature of Number $&$ class of Securitiesinterest
Note: Provide details of the circumstances giving rise tothe relevant interest.	Nil

Part 3 – Director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	Not Applicable
Nature of interest
Name of registered holder
(if issued securities)
No. and class of securities to
which interest relates

$+$ See chapter 19 for defined terms.