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DAIRY VALE INVESTMENT TRUST(DVL)

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delisted pursuant to Listing Rule 17.11 at the request of the Trust.

19/10/1998

we understand the winding up of the Trust was finalised on 15 October 1998 when the Trust distributed to unitholders the Trust's capital and net income for the year ended 30 June 1999 - the return of capital was approximately $1.05 per unit and the final distribution was approximately $0.23 per unit - the distribution included an assessable dividend of approximately $0.08 per unit and an assessable capital gain of approximately $0.15 per unit

19/10/1998

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