TIM announced 21/10/01 that asic had granted approvalfor the...

TIM announced 21/10/01 that asic had granted approval
for the year end date to change from 30/6 to 30/9

tim advises the reason for the change is that it will provide shareholders with a more accurate picture of how the business is performing because the current year end date 30/6 conflicts with auditing,budgeting,and admin tasks
with peak selling month of june

the company advises that this will relieve great pressure of mgmt and staff

tim projects go through 3 stages
development,marketing and finance

since 1992 tim has raised $400mand as at 30/6
thet have under mgmt
73,738 hectares eucalypt plantations
2,104 hectares of olive groves
1,350 hectares of almonds

audited accounts to 30/9/02 will be released before moving to annoucing results for half year 31/3 and
full year 30/9 (each year)

in respect to movements in the top 20 i've identified
the following ( when comparing to 2001 annual report):
reductions in holdings = 3
increase in holdings = 3
new top 20 shareholders = 8
no change to shareholdings = 6