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RESIMAC GROUP LTD Capital/Financing Update 2006

Nov 29, 2006

65714_rns_2006-11-29_a2f5ce53-16e4-4ac6-b3cd-8804a841da36.pdf

Capital/Financing Update

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Level 2, The Atrium Building texts 2, the Amuni Bullang168 St Georges Terrace195RTH WA 6000Telephone: 08 9261 7000Facsimile: 08 9261 7079

HOMELOANS LIMITED ABN 55 095 034 003

CONVERSION OF RESET PREFRENCE SHARES

30 November 2006.

The Directors of Homeloans Limited are pleased to announce that as indicated to the market on 23 October 2006 all of the Reset Preference Shares of the Company will today be converted into fully paid ordinary shares.

The Company will issue a further 10,070,560 fully paid ordinary shares resulting from this conversion. The holding statements will be sent out to shareholders on 1 December 2006.

The final dividend of 50 cents per share on the Reset Preference Shares of the company will be paid on 11 December 2006 with the record date being 8 December 2006. The dividend will be unfranked.

For further information please contact

Jarrod Smith Finance Director 02 8267 2000 / 0409 813 958 Timothy Holmes Chairman 08 9261 7000 / 0419 384 775