Disposal Of Shares In Mayne Nickless Limited

Landmarks announces that it has disposed 500,000 shares in Mayne Nickless Limited ("Disposed Shares"). Mayne Nickless Limited ("MNL") is listed on the Australian Stock Exchange with principle activities as provider of integrated services with its primary focus on health related industry and logistics.

Disposed Shares
1.1 The disposals were made through contracts in the open market on the following date:-

Contract Date Price (AUD$) Quantity Consideration (AUD) Net Proceeds (AUD$) 19 June 2001 6.63 500,000 3,315,950 3,294,396       Total Proceeds 3,294,396

1.2 Total proceeds from Disposed Shares in Ringgit are approximately RM6.556 million (For the purpose of this announcement the exchange rate use is AUD1.00: RM1.99). The balance of MNL shares held by Landmarks after the disposal is 5,709,948.

1.3 A total of 4.5 million MNL shares were disposed since 11 April 2001 ("Accumulated Disposed Shares") with total net proceeds of AUD29.206 million/ RM57.772 million.

Cost of investment
2.1 The original cost and net book value of MNL shares is AUD5.56/RM10.95 per share. Total net book value/original cost of Disposed Shares is AUD2.780 million/RM5.532 million.

2.2 Total net book value/original cost of Accumulated Disposed Shares is AUD25.020 million/RM49.490 million.