tlw shares, page-3

Hi Piyush

Have you registered both lots of TLW shares with Computershare in the UK? If not, do so. Then send them an email saying that you wish to make an Off Market Transfer of TLW shares from DIY to yourself. There should be no brokerage and if there is stamp duty you can nominate the transfer price to limit the stamp duty. You may need to think about capital gain but you will probaly be liable for capital gain at some time anyway. If you can transfer the DIY shares to yourself at the cost you got them for you may delay CG and reduce the stamp duty. Ask Computershare a few questions about Off Market Transfer prices, stamp duty and transfer forms. They will send you a transfer form or tell you how to download a form and print it if you are in a hurry.

The fixed cost of selling your shares will then be halved.

If you can open a bank account in the UK you should do so. You can then open an account with an online broker like Etrade, deposit your shares with Etrade, watch the price online and sell when you want to. Selling through Etrade is a fixed price irraspective of share value. It will cost you about about A$21 to sell your shares through Etrade Transfer the cash from your Etrade account to your UK bank account in GBP and then transfer A$ to your Australian bank when it suits you at a cost of maybe A$65.

The biggest hurdle is openung a UK bank account if you are not a UK resident. Others might make suggestions on opening a UK bank account. Alternatively why not take a trip to the UK, open the accounts, have a holiday and the give the bank a change of address when you leave to come home.

Best of luck

Complex