Announcement to the ASX re Sheraton Hotel, Brisbane

Announcement to the ASX re Sheraton Hotel, Brisbane

19-Aug-2004

The Thakral Holdings Group today announced that an agreement has been reached with Mulpha Australia
Limited for the purchase of the Sheraton Hotel, Brisbane for $100 million subject to final contracts being
completed.

These are expected to be exchanged within a short period of time.

Please provide us with your confirmation of release announcement.

Yours faithfully



Andrew Horne
Group Company Secretary

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