Annual Meeting Resolutions

At the Annual meeting of the Company held on the 5th November 2004, the following resolutions were passed by the meeting on a show of hands.

1. "That Richard Michael Hill be re-elected as a Director of the Company "
2. "That Murray Richard Doyle be re-elected as a Director of the Company"
3. "That Gary John Gwynne be re-elected as a Director of the Company"
4. "That the Directors be authorised to fix the remuneration of the auditors for the ensuing year"
5. "That the existing Constitution of the Company be revoked and the Company adopt a new Constitution in the form tabled at the meeting and signed by the Chairman for the purpose of identification "
6. "That the maximum amount of annual directors' fees payable to all directors in their capacity as directors shall be $250,000, until such time as this amount may be altered by a further ordinary resolution of shareholders"
   

W.K.Butler
Company Secretary 9/11/04