heads of agreement

JV GLOBAL LIMITED
(ACN 009 142 125)
Registered Office: Suite 218, 396 Scarborough Beach Road, Osborne Park, 6017 Western Australia.
Telephone: +61 (08) 9242 2922 Facsimile: +61 (08) 9242 2157
15 January 2005
Australian Stock Exchange Limited
COMPANY ANNOUNCEMENT
As a result of Managing Director Terry Opie’s recent meetings in India, the
Company has entered into a Heads of Agreement for the supply of roll
forming equipment to an Indian manufacturer, on a turnkey project basis,
to the value of A$4.0 million.
The Agreement is subject to the following conditions precedent which are
to be met by 30 June 2005:
completion of a feasibility study;
finalisation of equipment specifications;
execution of a final agreement; and
entering into satisfactory financial arrangements
The Agreement has been facilitated by the Company’s representative in
India.
Robert D MacMath
Company Secretary.