Ann: Kingsgate completes $46M institutional placement, page-156

1 INVESTOR GROUP HSBC CUSTODY NOMINEES (AUSTRALIA) + 21,063,928 9.52%
GPO BOX 5302
SYDNEY NSW 2001
2 CITICORP NOMINEES PTY LIMITED 15,727,128 7.11%
GPO BOX 764G
MELBOURNE VIC 3001
3 BNP PARIBAS NOMS PTY LTD 10,814,885 4.89%
<DRP>
PO BOX R209
ROYAL EXCHANGE NSW 1225
4 BNP PARIBAS NOMINEES PTY LTD 9,371,475 4.23%
ACF CLEARSTREAM
PO BOX R209
ROYAL EXCHANGE NSW 1225
5 BNP PARIBAS NOMINEES PTY LTD 8,934,949 4.04%
<IB AU NOMS RETAILCLIENT DRP>
PO BOX R209
ROYAL EXCHANGE NSW 1225
6 INVESTOR GROUP ARINYA INVESTMENTS PTY LTD 4,996,944 2.26%
7 MERRILL LYNCH (AUSTRALIA) 4,896,550 2.21%
NOMINEES PTY LIMITED
<EQUITY FINANCE A/C>
LEVEL 19
120 COLLINS STREET
MELBOURNE VIC 300

With the notable exception of RSK you see that the 6 top 7 are foreign nominees. They seem to be happy with things. Often the foreign brokers do what their clients want.