REACH RESOURCES LIMITED — Capital/Financing Update 2002

Nov 3, 2002

MARKET RELEASE

4 November 2002

CERVANTES SEAFOOD LIMITED

ADMISSION TO OFFICIAL LIST

Cervantes Seafood Limited was admitted to the Official List of Australian Stock Exchange Limited on Monday, 4 November 2002.

Official Quotation of the following securities will commence at 1pm E.D.S.T (10am W.S.T) on Wednesday, 6 November 2002.

28,750,001	ordinary shares fully paid issued at20 cents per share
14,375,000	options exercisable at 20 cents eachon or before 31 August 2005

Security Codes:

CVS CVSO

$\frac{1}{2}$

Brendan O'Hara MANAGER COMPANTES

COMMENCEMENT OF OFFICIAL QUOTATION -CERVANTES SEAFOOD LIMITED

Cervantes Seafood Limited (the "Company") was admitted to the official list of the Australian Stock Exchange Limited on Monday, 4 November 2002.

Official quotation of the Company's securities will commence on Wednesday, 6 November 2002.

Ouoted Securities:	28,750,001 fully paid ordinary shares; and14,375,000 options exercisable at 20 cents each onor before 31 August 2005
ASX Code:	CVS (ordinary shares)CVSO (options)
Time:	$1 \text{pm E.D.S.T}$ (10am $W.S.T$ )
Date:	Wednesday, 6 November 2002
SEAT Abbreviation:	CERVANTES
ISIN.	AU000000CVS7 (ordinary shares)AU00000CVSO3 (options)
Home Branch:	Perth
Industry Classification (GICS):	30202030 - Packaged Foods & Meats
Registered Office:	219-221 York StreetSUBIACO WA 6008
	Telephone: (08) 9382 1311Facsimile: (08) 9382 1322
Company Secretary:	Mr Anthony Ho
Share Registry:	Computershare Investor Services Pty LtdLevel 2, 45 St George's TerracePERTH WA 6000

Underwriter to the issue:

State of Incorporation:

ASX restricted securities:

Balance Date:

CHESS:

Mortimer & Chua Corporate Pty Ltd Level 20, 44 St George's Terrace PERTH WA 6000

30 June

Participating. The Company will also operate an issuer sponsored subregister.

Western Australia

30,730,416 fully paid ordinary shares, classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation;

24,059,653 options exercisable at 20 cents each on or before 31 August 2005, classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation:

1,575,000 fully paid ordinary shares issued on 20 September 2002, classified by ASX as restricted securities and to be held in escrow for a period of 12 months from the date of issue:

787,500 options exercisable at 20 cents each on or before 31 August 2005, issued on 20 September 2002, classified by ASX as restricted securities and to be held in escrow for a period of 12 months from the date of issue:

2,527,917 fully paid ordinary shares issued on 30 October 2002, classified by ASX as restricted securities and to be held in escrow for a period of 12 months from the date of issue; and

1,263,958 options exercisable at 20 cents each on or before 31 August 2005, issued on 30 October 2002, classified by ASX as restricted securities and to be held in escrow for a period of 12 months from the date of issue.

Dividend Policy: Refer to page 8 of the Company's prospectus dated 23 September 2002 Activities:

$N/A$

Processing and exporting of Western Rock Lobster

Other securities not quoted:

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ASX Contact:	Marian Tang
Business Unit	Companies Perth
Date:	4 November 2002