ok who is it own up......., page-47

re: 10.5 million bdlgs converted Hi very interesting It was A director converting the BDLGs into ordinary shares . These BDLGs are entitled to an interest payment also this month. Hi if the directors are converting to ordinary shares I would put that as a Plus for BDL Your comments looked forward to Regards Towie


Change of Director`s Interest Notice

Document date: Wed 18 Jun 2003 Published: Wed 18 Jun 2003 15:05:16
Document No: 239108 Document part: A
Market Flag: N
Classification: Change of Director's Interest Notice
BRANDRILL LIMITED 2003-06-18 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
CHANGE OF DIRECTOR'S INTEREST NOTICE


Name of Company Brandrill Limited

ABN 46 061 845 529

We (the entity) give the ASX the following information under listing
rule 3.19A.2 and as agent for the director for the purposes of section
205G of the Corporations Act.

Name of Director John W S Fletcher

Date of last notice 11/12/2002


Part 1 - Change of director's relevant interests in securities

Direct or indirect interest Indirect

Nature of indirect interest
(including registered holder)

* Guernroy Ltd (Cleveland Fund) an entity associated with the
family of Mr Fletcher.

* ANZ Nominees Ltd as agent for Guernroy (Cleveland Fund) an entity
associated with the family of Mr Fletcher



Date of change 1. 06/06/2003
2. 13/06/2003

No. of securities held prior
to change

a) 390,000 BDL
b) 28,585,000 BDLG
c) 28,585,000 BDLO

Class

a) Fully Paid Ordinary Shares (BDL)
b) Mandatory Converting Notes (BDLG)
c) Options (BDLO)

Number Acquired

1. 1,214,712 (BDL) on conversion of 500,000 Mandatory Converting
Notes (BDLG)

2. 23,496,240 (BDL) on conversion of 9,500,000 Mandatory Converting
Notes (BDLG)

Number disposed N/A

Value/consideration

Nil payable on conversion of Brandrill Mandatory
Converting Notes (BDLG)

No. of securities held after
change

a) 25,100,952 BDL
b) 18,585,000 BDLG
c) 28,585,000 BDLO

Nature of change

24,710,952 shares allotted pursuant to the conversion of 10,000,000
Mandatory Converting Notes under the terms and conditions of
Brandrill Limiteds Prospectus issued 24 October 2002.


Part 2 - Change of director's relevant interests in contracts n/a