STREAMPLAY STUDIO LIMITED — Major Shareholding Notification 2004

Sep 14, 2004

GNA page 1/2 15 July 2001

Form 604

Comorations Act 2001 Section 671B

Notice of change of interests of substantial holder

Io, Company Name/Scheme	Sippaland Ltd
ACN/ARSN	A.B.N. 31 004 755 376

1. Details of substantial holder(1)

Nome	Sandstone Securities Pty Ltd A.B.N 90 008 986 374
ACN/ARSN [if applicable]	King Town Woldings Pty Ltd A.B.N 21 332 492 035
There was a change in the interests of the

substantial holder on	16 /09 /2004
The previous notice was given to the company on	-21 /01/ 2004
The previous notice was dated	21/01/2004

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) and a relevant interest (3) in when

Class of securities (4)	Previous notice		Present natice
	Person's Votes	Voting power (5).	Ferson's votes!	Vating power (5)
Sandstone Securitia 5,000 000		13.61%	≶0.100 000 9.03∣
King Town Holdings 6,500 000			16.500 OOQ

3. Changes in relevant interests

Particulars of each change in, or thange 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 last required to give a substantial holding notice to the company or scheme are as follows:

Dans ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationpiver in relationto change (7)	Class andnumber ofsocuridesaffected	Person's votesaffected
16.09.04	Sandstone Sec	on market sale	58,386.67	100,000	Ordinary

4. Present relevant interests

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

PUNDE INNE PECOTITEE

Holder ofrelevantInterest	Registeredholder ofsecurities.	Person entitledto be registeredas holder (9)	Nature ofrecogniinterest (6)	Class andnumber ofsecurities	Person's votes

$\frac{1}{2}$

$\blacksquare$

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
Not Applicable		--------
. .

6. Addresse

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

Name	Address
Sandstona Securities P/L 17 Derby Road
King Town Holdings #/L	Subiaco W.A. 6008

Signature

print name Rodney Lenton	Capacity Director
sign here	16/ 09 /2004dete.

DIRECTIONS

• $\omega$ 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 relevant increases of a group of persons are essentially similar, they may be referred tothroughout the form as a specifically named group if t form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. Ø
• See the definition of "relevant interest" in sections 609 and 6718(7) of the Corporations Act 2001. $\left( 1\right)$
• (a) The voting shares of a company constitute one class unless divided into separate classes.
• 侚 The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• Ø, Include details of:
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(4) applies, a copy of any (a) document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, schome or arrangement, must accompany this form, together with a written statement certifying this compact, scheme or arrangement; and
  • ω any qualification of the power of a parson to exercise, control the exercise of, or influence the exercise of, the voring powers or disposar of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

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

• $\boldsymbol{0}$ Datails 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, becom'e entitled to receive in relation to that acquision. Details must be included even if the benefit is condizional 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.
• 65 If the substantial initier is unable to determine the identity of the person (eg. if the relevant interest erises because of an option) write "unknown".
• Θ, Give details, it appropriate, of the present association and any change in that association since the last substantial holding notice,