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TIVAN LIMITED Capital/Financing Update 2003

Jun 24, 2003

65967_rns_2003-06-24_f13023b3-3156-4d49-92e0-9a10860c7ece.pdf

Capital/Financing Update

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BATAVIA SHARE DISTRIBUTION TIMETABLE

25 June 2003

The Company advises that the following timetable has been set in accordance with ASX Listing Rules:

DAY DATE TASK
Tuesday 24 June 2003 Shareholder approvals given
Thursday 26 June 2003 Settlement of DOCA by Batavia
Friday 27 June 2003 Settlement of purchase of assets
- bv
Batavia & announcement of settlement
Monday 30 June 2003 Trading of Hallmark shares on ex-basis
commences
Friday 4 July 2003 Record Date
Monday 7 July 2003 Distribution date

Subsequent to the distribution of the Batavia Mining shares, shareholders will be offered the right to participate in a one-for-three rights issue of shares, with an attached free option at an issue price of 10 cents. It is anticipated that the Prospectus for this issue will be lodged with ASX within the next 21 days.

Yours faithfully HALLMARK CONSOLIDATED LIMITED

CHRIS BATH Company Secretary