30 November 1999 TO: Australian Stock Exchange Limited Company Announcements Platform FAX: 1300 300 021 FROM: G M Edwards Company Secretary PAGES: 1 DATE: 30 November 1999 RE: RESOLUTIONS - ANNUAL GENERAL MEETING As required by ASX Listing Rule 3.13.2, please be advised of the result of resolutions decided at the Company’s Annual General Meeting today and details of proxies received. All resolutions were decided on a show of hands. Resolution Result For Against Abstain No Direction 1. Adoption of Finanacial Statements and Reports in relation to the year ended 30 June 1999 Passed 29,501,671 – 9,000 46,485,967 2. Re-election of Director – Mr M F Larkin Passed 26,391,309 3,117,362 4,000 46,483,967 3. Re-election of Director – Mr P G Dowling Passed 29,447,671 5,000 4,000 46,509,967 4. Election of Director – Mr O Tham Failed 17,651,123 26,150,370 – 32,195,145 5. Approval of the following share issues over the last 12 months: a) On 8/12/98 to Power Asset Management, 1,200,000 shares @ $0.085 Passed 29,482,671 5,000 11,000 46,497,967 b) On 4/03/99 to Lim Hwee Meng, 1,176,470 shares @ $0.085 Passed 29,482,671 5,000 11,000 46,497,967 c) On 4/03/99 to Chan Yiu Fai, 1,307,188 shares @ $0.085 Passed 26,868,295 5,000 11,000 46,497,967 d) On 6/05/99 to Aperchance Co Ltd, 3,300,000 shares @ $0.085 Passed 29,749,671 5,000 11,000 34,919,047 G M EDWARDS Company Secretary LAURIE G JOHNSON Managing Director