adsteam full steam ahead, page-10

asx notice re: adsteam full steam ahead The standard ASX 'speeding notice'.
The ADz reply will most likely be along the standard lines - "we don't know, but etc. etc."
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Company Announcement
Response to ASX Query - Share Price

ADSTEAM MARINE LIMITED 2003-04-10 ASX-SIGNAL-G

HOMEX - Adelaide

+++++++++++++++++++++++++
RE: PRICE QUERY

We have noted a change in the price of the Company's securities from
close of $1.34 on 9 April 2003 to a high of $1.51 today. We have also
noted an increase in the volume of trading in the securities over
this period.

In light of the price change and increase in volume, please respond
to each of the following questions.

1. Is the Company aware of any information concerning it that has not
been announced which, if known, could be an explanation for recent
trading in the securities of the Company?

2. If the answer to question 1 is yes, can an announcement be made
immediately? If not, why not and when is it expected that an
announcement will be made?

Please note, if the answer to question 1 is yes and an announcement
cannot be made immediately, you need to contact us to discuss this
and you need to consider a trading halt (see below).

3. Please confirm that the Company is in compliance with the listing
rules and, in particular, listing rule 3.1.

Your response should be sent to me on facsimile number (08) 8216
5099. It should not be sent to the Company Announcements Office.

Unless the information is required immediately under listing rule
3.1, a response is requested as soon as possible and, in any event,
not later than half an hour before the start of trading (ie before
9.30 am (EST) on Friday, 11 April 2003.

The response must be in a form suitable for release to the market. If
you have any concern about release of a response, please contact me
immediately.

LISTING RULE 3.1

Listing rule 3.1 requires an entity to give ASX immediately any
information concerning it that a reasonable person would expect to
have a material effect on the price or value of the entity's
securities. The exceptions to this requirement are set out in the
rule.

In responding to this letter you should consult listing rule 3.1 and
the guidance note titled "Continuous disclosure: listing rule 3.1".

If the information requested by this letter is information required
to be given to ASX under listing rule 3.1 you obligation is to
disclose the information immediately.

Your responsibility under listing rule 3.1 is not confined to, or
necessarily satisfied by, answering the questions set out in this
letter.


TRADING HALT

If you are unable to respond by the time requested, or if the answer
to question 1 is yes and an announcement cannot be made immediately,
you should consider a request for a trading halt in the Company's
securities. As set out in listing rule 17.1 and the guidance note
titled "Trading halts" we may grant a trading halt at your request.
We may require the request to be in writing. We are not required to
act on your request. You must tell us each of the following.

* The reasons for the trading halt.
* How long you want the trading halt to last.
* The event you expect to happen that will end the trading halt.
* That you are not aware of any reason why the trading halt should
not be granted.
* Any other information necessary to inform the market about the
trading halt, or that we ask for.

The trading halt cannot extend past the commencement of normal
trading on the second day after the day on which it is granted. If a
trading halt is requested and granted and you are still unable to
reply to this letter before the commencement of trading, suspension
from quotation would normally be imposed by us from the commencement
of trading if not previously requested by you. The same applies if
you have requested a trading halt because you are unable to release
information to the market, and are still unable to do so before the
commencement of trading.

If you have any queries regarding any of the above, please let me
know.

J Nelson
SENIOR COMPANIES ADVISOR