re: Ann: Notice of Change of Interest of Subs... Hi...

re: Ann: Notice of Change of Interest of Subs... Hi Makattack,

With the help of another fellow shareholder here's what we've uncovered so far...

Polarity B Pty Ltd

GERALD DIBENEDETTO

196 Blyth Street, Brunswick
East Melbourne, VIC 3057
Australia

They are one of the top 3 shareholders in the few companies highlighted including Cardia.

http://www.nsxa.com.au/ftp/news/021717320.PDF

Polarity B Pty Ltd, was also a member of A-Cap Resources Ltd.

A-CAP RESOURCES LTD (see also Cardia Technologies Ltd)

Activity: Mineral exploration.
Stock Exchange: ARD (NSX)
Home Page: www.cardia.com.au

Registered office: Suite 510, Level 5, Pacific Tower, 737 Burwood Rd, Hawthorn,
Vic, 3122, Australia. Ph: (61 3) 9813 3228; (61 3) 9813 3225. Fax: (61 3) 9813 2668.

Secretary: John H Wilson.
Senior Management: Patrick John Volpe (chairman).
Major Shareholders: Tony Technology (Holding) Company Ltd 26.74%, Vermar
Pty Ltd-Trayburn Pty Ltd 18.21%, Polarity B Pty Ltd 17.31% (at 3/23/2004).

African Interests:

Comment: A-Cap Resources Ltd was formed in March 2003 as a 100% owned subsidiary of Cardia Technologies Ltd, with a view to enabling Cardia to restructure its mineral exploration assets into the new susbidiary, to focus on other interests. A-Cap Resources Ltd issued a prospectus on 8 January 2004. The company aimed to raise about $723,627 by way of an entitlement issue to members. The company successfully floated on the Newcastle Stock Exchange on 25 March 2004 issuing 72,362,794
fully paid ordinary shares with an issue price of $0.01. A-Cap’s interests included the Jims Luck JV and the Magogaphate JV, both in Botswana, as well as a JV over tenements in Queensland, Australia. The Magagophate prospects in Botswana were prospective for copper, gold, lead, nickel and zinc. The Jim’s Luck gold prospect was
the most advanced tenement in terms of exploration and A-Cap had indicated its intention to JV partner, Gallery Gold, that it intended to retain a 20% interest in the
project, rather than divesting to a 5% royalty.

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=41080278

and...

http://www.riu.com.au/pdf/RAFM/RAFMCompanies200405.pdf

Hope this helps.

Tony