Press Release

The following company has applied for admission to the official list of the NSX. Issuer: PISCES MARINE AQUACULTURE LIMITED Activities: Farming of Snapper and Mulloway fish. Facilities are based at Port Stephens, NSW, just North of Newcastle. Industry: Agriculture Proposed NSX Code: PAQ Offer Opens Date: 29th October 2002 Offer Close Date: 15th December 2002 (The offer close date may be extended at the discretion of the directors) Proposed Listing Date: 20th December 2002 Issue Price: $0.25 Issue Type: Equity Capital to be raised: minimum $500,000 maximum $2.5 million Offer Broker(s): Cameron Stockbroking Limited