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TIVAN LIMITED Capital/Financing Update 2003

Jun 26, 2003

65967_rns_2003-06-26_70ad3cc9-b6e5-49a6-968e-42f22ea11701.pdf

Capital/Financing Update

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SETTLEMENT OF SALE OF ASSETS TO BATAVIA

27 June 2003

The Company advises that Settlement of the Sale of Assets to Batavia Mining Limited has been completed. Accordingly, the distribution of Batavia shares to the shareholders of Hallmark will proceed in accordance with the timetable announced to the market on Wednesday 25 June 2003.

Yours faithfully HALLMARK CONSOLIDATED LIMITED

CHRIS BATH Company Secretary