Ann: Change in substantial holding , page-10

DJ MARKET TALK: Tata Steel Creeping Up Riversdale Register

2354 GMT [Dow Jones] India's Tata Steel (500740.BY) continues to creep up
Riversdale's (RIV.AU) register. Filing on ASX shows company's stake at 24.2%,
up 2.5% from 21.7%. Entities wanting to buy shares in Australian listed companies must
make a takeover bid if their holding reaches 20%. They are, however, allowed to take a
maximum additional 3% every six months without having to make a bid. Riversdale
developing some big mines in Mozambique, an emerging source of coking coal and UBS
recently noted its takeover appeal. "We believe that Riversdale's coking coal
exposure, large resource base and large tenement position in an emerging coking coal
region make it attractive to potential corporate acquirers," broker said in 20 July
note. Tata Steel isn't the only big player on Riversdale's register--Brazilian
steel maker CSN has a 16% stake--potentially making a takeover attempt more challenging.
(Ross.Kelly@