Press Release

The following company has applied for admission to the official list of the Newcastle Stock Exchange (NSX). Issuer: AUSTRALIAN PROPERTY SYSTEMS LIMITED Proposed NSX Code: APO Proposed Listing Date: September 2002 (to be confirmed) Issue Type: Equity Capital to be raised: No Capital Raised (Compliance Listing) Further details of the float can be found on the NSX website at http://https://www.nsx.com.au/floats.