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Issue of Equity

3rd Feb 2005 07:01

Murchison United NL03 February 2005 AIM Release 3rd February 2005 ISSUE OF SHARES TO RENISON BELL LTD CREDITORS As previously advised and pursuant to shareholders approval obtained at theAnnual General Meeting held on the 9th November 2004 the Directors have resolvedto allot 15,301,667 fully paid ordinary shares to the creditors of Renison BellLtd for whom the Deed Administrator has accepted "Proofs of Debts" lodged. Theseshares are issued at A$0.03 as disclosed in the Notice of Meeting. This is adeemed price only as no funds will be raised. Application has been made to the AIM market of the London Stock Exchange ('AIM")for the admission to trading of these ordinary shares. These shares rank paripassu with the Company's existing Ordinary shares and dealings are expected tocommence on the 7th February 2005. An additional number of shares amounting to 4,207,649 could be issued ifadditional "Proofs of Debts" currently under review are accepted by the DeedAdministrator of Renison Bell Ltd. Please call Mark Reilly or Joe Schiavi with any queries. ............................ Mark ReillyExecutive Director This information is provided by RNS The company news service from the London Stock Exchange

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