Press Release

In this Issue: 1. NSX lists first property trust on its National Property Securities Exchange 2. NSX gains foreign investment fund listing approval 3. Recent Listed Company Announcements ************* 1. COMMENCEMENT OF QUOTATION on NSX National Property Securities Exchange ************* Quantum Property Trust No.9 Commences Trading today on the NSX Property Securities Exchange at 11.00 am AEST on 24 July 2003. Principal Activities Commercial Property Trust Quoted Securities 6,575,016 Units Issue Price $1.00 per unit NSX Trading Code QPTXXI Start of trading 11:00 am AEST, 24th July 2003 NETS Abbreviation Quant Prp9 ISIN AU000QPTXXI7 Registered Office Quantum Syndicate Management Ltd Level 9, 49 York Street, Sydney NSW 2000 Ph: +61 (02) 9262 4443Fax: +61 (02) 9262 2071 Company Secretary James Maitland More information about this security is available at: http://https://www.nsx.com.au/market/securitydetailstrad.asp?nsxcode=QPTXXI ************* 2. FOREIGN INVESTMENT APPROVAL ************* The Federal Government has added the Newcastle Stock Exchange (NSX) to the list of approved stock exchanges for the purposes of the Foreign Investment Fund (FIF) regime. Full Story: http://https://www.nsx.com.au/wnews/newsview.asp?ID=67 ************* 3. RECENT LISTED COMPANY ANNOUNCEMENTS ************* Full Stories at: http://https://www.nsx.com.au/announce/anndelayed2.asp WPH Winpar Holdings Ltd FPO Change in director's interest. AWXCHA Clarendon Hills `Astralis` Shiraz 2001 Preference Resignation of Director (21.3 KB) APO Australian Property Systems Limited FPO Change in Directors HGDXHA Heritage Gold NZ Limited Warrants DRILLING COMMENCES AT RAHU - KARANGAHAKE GOLD PROJECT, NZ