Capital History

Description Date Securities Issued Issue Price
(per security)
Opening Balance 01/01/1998      120,300,005  
Conversion of 120,300,005 securities to 240,600,010 08/05/1998 120,300,005 $0.50
Retail offer pursuant to the Prospectus dated 16 March 1998 (More Information) 08/05/1998 110,979,202 $1.90
Institutional offer pursuant to the Prospectus dated 16 March 1998 08/05/1998 60,420,798 $2.00
Exempt Employee Share Plan ("EESP") issue to employees 14/05/1998 220,400 $0.50
Share Acquisition Loan Plan ("SALP") issue to employees 14/05/1998 3,178,800 $1.90
SALP issue to employees 25/05/1999 753,800 $2.29
Deferred Employee Share Plan ("DESP") issue to employees 19/03/1999 58,020 $2.25
EESP issues to employees 13/07/1999 132,500 $2.26
Senior Executive Option Plan ("SEOP") options exercised 01/07/1999 85,000 $2.25
SEOP - options exercised 2000 - Various 1,337,500 Various
SALP issues to employees 2000 - Various 1,043,300 Various
EESP issues to employees 2000 - Various 140,750 Various
Shares issued to employee pursuant to employment arrangements 13/03/2001 246,992 $0.00
Senior Executive Option Plan ("SEOP") - options exercised 09/08/2001 412,500 $2.25
Loan Share Plan ("LSP") issue to employees 2001-Various 1,291,400 $2.75
Senior Executive Option Plan ("SEOP") - options exercised 17/10/2002 200,000 $2.25
 
Closing Balance 31/12/2002 421,100,972  
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United Energy Limited IPO - security details:

The United Energy IPO prospectus was dated: 16 March 1998, stapled securities were allotted: 8 May 1998 (stapled securities comprised one (1) fully paid ordinary share stapled together with one (1) non-interest bearing loan note, the loan note component being re-paid in full following the March 2000 distribution) and commenced trading on the Australian Stock Exchange: 14 May 1998.

  Public Offer* Institutional Offer
One Share + $1.90 $2.00
One Loan Note $0.35 $0.35
Total Application Price $2.25 $2.35
*First 50,000 thereafter at institutional price

Shareholders should consult their own independent professional financial/taxation adviser for assistance. For Scheme Shareholders as at the Scheme Record Date of 5.00pm, 22 July 2003, Section 7 of the Scheme Booklet provides further details of Income tax implications for Scheme Shareholders.