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Announcement to ASX of Half Year Results

26-Feb-2001



We enclose the following documents:

   1. Appendix 4B Half Year Report
   2. Press Release

We advise details of the distribution from the Thakral Holdings Trust for the six month period ending 31 December 2000 are as follows:

  (a) The distribution is 3 cents per stapled security. This is a 0.25 cent or 9 percent increase on the distribution paid for the equivalent period in the prior year.

  (b) Tax Status:

                23% tax free
                67% tax deferred 
                10% taxable

  (c) Record Date for determining entitlements: 13 March 2001.

  (d) Payment Date: 23 March 2001.

  (e) No discount will apply under the Distribution/Dividend Reinvestment Plans (DRP). The closing date for lodgement of DRP Election/Variation Notices is 13 March 2001.

Please provide us with your confirmation of release announcement.

Yours faithfully,



Andrew Horne
Group Company Secretary