RENT.COM.AU LIMITED — Major Shareholding Notification 2004

May 24, 2004

Inservacion paelle II	telo potenha-	Olar John	ETTI CENTE	User Guide	Annexure	Close Form
					604	page 1/2 15 July 2001
			Form 604
			Corporations Act 2001 Section 671B
			Notice of change of interests of substantial holder
To Company Name/Scheme		Select Vaccines Limited
ACN/ARSN	25 062 063 692
1. Details of substantial holder(1)
Name		Peregrine Corporate Limited
ACN/ARSN (if applicable)	40 062 478 997
There was a change in the interests of the substantial holder on		21/05/04
The previous notice was given to the company on The previous notice was dated		16/09/03 16/09/03

2. Previous and present voting power

The 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 a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary Shares	3,530,013	1148	4,051,385 12.99%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was tast required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
	Refer Annexure Al

4. Present relevant interests

Partículars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
	Refer Annexure B

604 page 2/2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Carapace P/L 106 980 241 Director Related Entity
Darontack P/L 007 031 085 Director Related Entity

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
' All				Suite 2, 1233 High Street, Armadale Vic 3143

Signature

printmame Bryan Frost		Capacity Director

sign here

date 25 / 05 / 2004

DIRECTIONS

• $\left( 1\right)$ 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 trustee of an equity trust), the names could be included in an annexure to the form. If the refevant interests of a group of persons are essentially similar, they may be referred to throughout 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 6 of the form
• $(2)$ 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. $(3)$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any 衙 document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to (b) which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $\left( \vec{l}\right)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a refevant interest was acquired has, or may, becomie entitled 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 be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• If the substantial holder is unable to determine the identity of the person (eq. if the relevant interest arises because of an option) write "unknown". $(8)$
• (9) Give details, if appropriate, of the present association and any change in that association since the fast substantial holding notice.

SELECT VACCINES LIMITED ABN 25 062 063 692

ANNEXURE $A -$ Form 604 -

3. Changes in Relevant Interests

				Clas and
	Person whose		Consideration	number of	Person's
	relevant	Nature of	given in relation	securities	votes
	Date of Change linterest changed	change	to change	affected	affected
15/09/2003 AMN		sold on market	\$0.84]	25,000	25,000
17/09/2003 AMN		sold off market	\$0.60	100,000	100,000
02/12/2003 AMN		sold on market	\$0.59	17.289	17,289
03/12/2003 AMN		sold on market	\$0.59	2,711	2,711
04/12/2003 AMN		sold on market	\$0.57	40,000	40,000
	05/02/2004 Carapace Pty Ltd	Buy on market	\$0.51	200,000	200,000
27/02/2004 QMM		Buy on market	\$0.40	100,000	100,000
08/03/2004 QMM		sold on market	\$0.44]	100,000	100,000
08/03/2004 AMN		Buy on market	\$0.44	100,000	100,000
23/03/2004 AMN		Buy on market	\$0.45	193,750	193,750
23/03/2004 Peregrine		sold on market	\$0.45	193,750	193,750
19/05/2004 AMN		Buy on market	\$0.30	5,000	5,000
21/05/2004 QMM		Placement	\$0.255	117,647	117,647
21/05/2004 AMN		Placement	\$0.255	117,647	117,647
21/05/2004 Peregrine		Placement	\$0.255	117,647	117,647
	21/05/2004 Darontack Pty Ltd	Placement	\$0.255	78,431	78,431
24/05/2004 AMN		Buy on market	\$0.26	50,000	50,000
		Correction of
		opening
	AMN	balance			110,000

ANNEXURE B-Form 604-

1. Present Relevant Interests

		Person
		entitled
lHolder of		to be		Class and
Irelevant	Registered holder	registered	Nature of relevant Inumber of		Person's
linterest	of securities	as holder	interest	Isecurities	votes
Peregrine	Peregrine
Corporate Limited Corporate Limited		Peregrine Corpd Shareholder		117.647	117.647
	AMN Nominees PAMN Nominees PL	AMN Nominees Shareholder		497.660	497.660
Farcam PL	Farcam PL	Farcam PL	Shareholder		3,000,000 3,000,000
Bryan Frost	Brvan Frost	Bryan Frost	Shareholder	10.000	10,000
Carapace PL	Carapace PL	Carapace PL	Shareholder	200,000	200,000
Darontack PL	Darontack PL	Darontack PL	Shareholder	108,431	108.431
QMM PL	QMM PL	OMM PL	Shareholder	117.647	117.647