china warning on uranium, page-16

shares sold at $9.50 each ERA announces sellers of A class shares
18:35, Tuesday, 6 December 2005

Sydney - Tuesday - December 6: (RWE Australian Business News) -

Energy Resources of Australia Ltd (ERA) reports it has been informed that the following holders have sold all of their "A" Class shares through an international bookbuild to domestic and international professional investors.

The total number of shares sold is 47,872,488 shares, comprising 25.1% of ERA's issued capital.

Details of the sellers of the "A" Class shares are:

* Canadian Group Cameco Corporation through Cameco Resources Australia Pty Ltd (holding 12,769,348 "A" Class shares, representing 6.69% of ERA's issued capital);

* French group COGEMA through Interuranium Australia Pty Ltd (holding 14,804,120 "A" Class shares, representing 7.76% of ERA's issued capital);

* Japan Australia Uranium Resources Development Company Limited (JAURD) of Japan (holding 20,299,020 "A" Class shares, representing 10.64% of ERA's issued capital).

ERA has been informed that all sales were made at the price of $9.50 per share and that settlement will occur on 9 December.

As a result of this sale process the only shares in the company on issue are listed "A" class shares.

Rio Tinto continues to hold 68.39% and the balance is now held publicly.