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Twenty Largest Shareholders

At 31 May 2007the twenty largest quoted shareholders held 70.21% of the fully paid ordinary shares as follows:

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1 ANZ Nominees Limited Cash Income A/C
71,539,639
25.05%

2 Dragonlyn Pty Limited
20,873,200
7.31%

3 HSBC Custody Nominees (Australia) Limited
15,470,842
5.42%

4 Citicorp Nominees Pty Limited
12,150,458
4.26%

5 HSBC Custody Nominees (Australia) Limited - A/C 3
11,945,871
4.18%

6 Macquarie Bank Limited
8,955,000
3.14%

7 National Nominees Limited
8,786,271
3.08%

8 HSBC Custody Nominees (Australia) Limited-GSI ECSA
7,452,893
2.61%

9 Baraline Pty Limited
6,000,000
2.10%

10 TS & JD Nominees Pty Ltd
5,250,000
1.84%

11 Promin Mining Services Pty Ltd
5,000,000
1.75%

12 P Morgan Nominees Australia Limited
4,371,220
1.53%

13 Dragonlyn Pty Ltd
3,375,000
1.18%

14 Bow Lane Nominees Pty Ltd
3,140,149
1.10%

15 Elise Nominees Pty Limited
3,052,035
1.07%

16 Umbiram Pty Ltd Michael Hoy Superfund A/C
3,009,422
1.05%

17 Rigi Investments Pty Ltd
2,832,750
0.99%

18 HSBC Custody Nominees (Australia) Limited - A/C 2
2,718,820
0.95%

19 Travelly Pty Limited
2,376,000
0.83%

20 Mr Kenneth M Phillips
2,200,000
0.77%