MARKETS

Shareholder Movements

Christchurch City Council, Christchurch City Holdings, Orion Group, Orion New Zealand and Orion N...

Christchurch City Council, Christchurch City Holdings, Orion Group, Orion New Zealand and Orion No 2 increased its relevant interest in Energy Developments Limited on 12 February 2003, from 11,490,285 ordinary shares (9.9%) to 17,230,285 ordinary shares (14.985%).

Schroder Investment Management Australia Limited ceased to be a substantial shareholder in Energy Developments Limited on 12 February 2003.

Perpetual Trustees Australia Ltd ceased to be a substantial shareholder in Novus Petroleum Limited on 17 February 2003.

AMP Ltd became a substantial shareholder in Oil Search Limited on 13 February 2003 with a relevant interest in the issued share capital of 55,621,895 ordinary fully paid shares (5.11%).

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