PART I [Please complete this Part]

1.

Date of notice to issuer:

04/03/2004

2.

Name of Substantial Shareholder:

Ong Kwee Eng

3.

Please tick one or more appropriate box(es):

o

a Director’s (including a director who is a substantial shareholder) Interest and Change in Interest.  [Please complete Parts II and IV]

o

a New Substantial Shareholder’s Interest.  [Please complete Parts II and IV]

a Change in the Percentage Level of a Substantial Shareholder’s Interest or Cessation of Interest.  [Please complete Parts III and IV]

PART II

1.

Date of change of interest:

2.

Name of Registered Holder:

3.

Circumstance(s) giving rise to the interest or change in interest:

4.

Information relating to shares held in the name of the Registered Holder:-

No. of shares held before the change:

As a percentage of issued share capital:

No. of shares which are the subject of this notice:

As a percentage of issued share capital:

Amount of consideration (excluding brokerage and stamp duties) per share paid or received:

No. of shares held after the change:

As a percentage of issued share capital:

PART III

1.

Date of change of interest:

04/03/2004

2.

The change in the percentage level:

From 40.625% to 40.62%

3.

Circumstance(s) giving rise to the interest
or change in interest:

Sales in open market at own discretion

4.

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions.

The change in the interest/percentage level is the result of a transaction, details of which are furnished as follows:-

Date of transaction : 4 March 2004

Number of shares sold : 30,000

Consideration per share : $0.55

PART IV

1.

Holdings of Ong Kwee Eng, including direct and deemed interest:-

Direct

Deemed

No. of shares held before the change:

30,000

265,259,020

As a percentage of issued share capital:

0.005

40.62

No. of shares held after the change:

0

265,259,020

As a percentage of issued share capital:

0

40.62