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DISTRIBUTION SCHEDULE

RANGE NO. OF HOLDERS NO. OF SHARES % OF ISSUED CAPITAL




1- 1,000 119,445 50,678,632 7.16
1,001 - 5,000 57,520 128,249,766 18.11
5,001 - 10,000 7,329 52,364,061 7.39
10,001 - 100,000 3,625 74,824,531 10.57
100,001 and Over 243 402,033,020 56.77




Total 188,162 708,150,010 100.00




The number of security investors holding less than a marketable parcel of 54 securities ($9.320 on 31/08/2005) is 4,116 and they hold 122,378 securities.

TWENTY LARGEST REGISTERED SHAREHOLDERS AS WEDNESDAY 31 AUGUST 2005

RANK NAME OF SHAREHOLDER TOTAL UNITS % OF ISSUED CAPITAL




1 J P MORGAN NOMINEES AUSTRALIA LIMITED 86,811,322 12.26%
2 WESTPAC CUSTODIAN NOMINEES LIMITED 83,205,333 11.75%
3 NATIONAL NOMINEES LIMITED 68,608,018 9.69%
4 ANZ NOMINEES LIMITED 21,359,637 3.02%
5 CITICORP NOMINEES PTY LIMITED 17,997,509 2.54%
6 RBC GLOBAL SERVICES AUSTRALIA NOMINEES PTY LIMITED 11,731,680 1.66%
7 QUEENSLAND INVESTMENT CORPORATION 10,017,490 1.41%
8 COGENT NOMINEES PTY LIMITED 9,754,455 1.38%
9 AMP LIFE LIMITED 4,836,089 0.68%
10 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 4,614,603 0.65%
11 WESTPAC FINANCIAL SERVICES LIMITED 4,588,242 0.65%
12 SUNCORP CUSTODIAN SERVICES PTY LIMITED 3,573,181 0.50%
13 IAG NOMINEES PTY LIMITED 3,261,590 0.46%
14 UBS NOMINEES PTY LTD 2,813,300 0.40%
15 PSS BOARD 2,304,825 0.33%
16 GOVERNMENT SUPERANNUATION OFFICE 2,215,307 0.31%
17 CITICORP NOMINEES PTY LIMITED 1,838,293 0.26%
18 VICTORIAN WORKCOVER AUTHORITY 1,676,833 0.24%
19 CSS BOARD 1,676,833 0.24%
20 HEALTH SUPER PTY LTD 1,600,454 0.23%




  Total for Top 20 344,486,710 48.65%
  Total other investors 363,663,300 51.35%




  Grand total 708,150,010 100.00%




The on-market buyback ended on Friday 2 September 2005.

Substantial Shareholders

Barclays Global Investors Australia Limited, by a notice of initial substantial holder dated 10 March 2003, advised that it and its associates were entitled to 39,730,425 ordinary shares.

AXA and AXA Asia Pacific Holdings Limited, by a notice of change in interests of a substantial holder dated 25 August 2005, advised that it and its associates were entitled to 46,760,523 ordinary shares.


 

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