SYNTARA LIMITED — Major Shareholding Notification 2004

Feb 8, 2004

Pharmaxis Ltd Top 20 Shareholders

Name		Number	% Total
	Perpetual Trustees Nominees Limited	20,245,000	18.7%
2	Praxis Pharmaceuticals Inc	11,200,000	10.4%
3	CM Capital Investments Pty Ltd	11,189,044	10.4%
4	GBS Venture Partners Limited	10,580,000	9.8%
5	Mooroolbark Technology Pty Ltd	7,520,000	7.0%
6	National Nominees Limited	6,141,442	5.7%
7	CIBC Australia VC Fund LLC	3,635,956	3.4%
8	The Australian National University	3,200,000	3.0%
9	Powers Pty Ltd	1,200,000	1.1%
10	Queensland Investment Corporation	1,032,080	1.0%
11	HSBC Custody Nominees (Australia) Limited	918,699	0.9%
12	Mirrabooka Investments Limited	775,000	0.7%
13	Denis M Hanley	560,000	0.5%
14	Masi Sima Pty Limited	560,000	0.5%
15	Robert E Green	560,000	0.5%
16	G&H Custodians Pty Ltd	404,000	0.4%
17	Asia Union Investments Pty Ltd	400,000	0.4%
18	Warragi Investments Pty Ltd	400,000	0.4%
19	KFT Investments Pty Limited	400,000	0.4%
20	UBS Nominees Pty Ltd	390,000	0.4%
		81,311,221	75.3%