On 7 January 2005 CHRISTOPHER VINCE GRAY as Trustee for the
GV Gray Family Trust gave
NOTICE OF EXERCISE OF OPTION
to
Deancrest Nominees Pty Ltd
TAKE NOTICE that CHRISTOPHER VINCE GRAY as trustee of the
CV GRAY FAMIL.Y TRUST
gives notice of exercise of its option to acquire the Units
in the Booragoon Tyre Service Unit Trust
held on behalf of the J.R. Marquis Family Trust at a price to be determine by an
independent qualified valuer appointed by D.J.MACK & CO
pursuant to the terms of the Option
The J.R. Marquis Family Trust is owed payment for their Units taken