Share Register

AS AT 20 AUGUST 2008

Shares and options / rights
Shares on issue		339,357,869
Options / rights on issue (see Note 25)
	Employee options / rights (excluding CEO options)		3,801,054
	CEO options		3,640,000
	CEO rights		120,000
Total options / rights			7,561,054

Distribution of shareholders	Number of shareholders	Number of shares	Percentage
1 - 1,000	2,712	1,367,984	0.40%
1,001 - 5,000	3,213	8,647,180	2.55%
5,001 - 10,000	711	5,594,657	1.65%
10,001 - 100,000	509	13,325,583	3.93%
100,001 and over	58	310,422,465	91.47%
Total number of shareholders	7,203	339,357,869	100.00%
Holdings of less than a marketable parcel	404

Substantial shareholders	Number of shares	% of total issued
Lazard (Institutional Group)	48,773,656	14.37%
PM Capital Ltd	44,203,959	13.03%
Times Publishing Limited	39,020,117	11.50%
Orbis Investment Management (Australia) Pty Limited	35,931.363	10.59%
AXA (Institutional Group)	28,457,720	8.39%

Twenty largest shareholders	Number of shares	% of total issued	Rank
National Nominees Ltd	57,763,483	17.02	1
Chase Manhattan Nominees Ltd	54,069,971	15.93	2
HSBC Custody Nominees (Australia) Limited	51,451,430	15.16	3
Times Publishing Limited	39,020,117	11.50	4
Citicorp Nominees Pty Ltd	28,243,776	8.32	5
Cogent Nominees Pty Limited	27,235,673	8.03	6
UBS Nominees Pty Ltd	17,674,294	5.21	7
A N Z Nominees Ltd	16,372,628	4.82	8
RBC Global Services Australia Nominees Pty Limited	6,651,243	1.96	9
Australian Reward Investment Alliance	1,452,565	0.43	10
Excelsior Holdings Pty Limited	1,000,000	0.29	11
Mr Jonathan Tanne	928,706	0.27	12
Woodross Nominees Pty Ltd	905,547	0.27	13
Queensland Investment Corporation	900,812	0.27	14
Fleet Nominees Pty Limited	885,000	0.26	15
Merrill Lynch (Australia) Nominees Pty Limited	802,276	0.24	16
Bond Street Custodians Limited	586,066	0.17	17
IWPE Nominees Pty Limited	546,576	0.16	18
AMP Life Limited	526,442	0.16	19
Tristyn Pty Ltd	380,000	0.11	20
Total Holding	307,396,605	90.58