Media Release - Issued 9 November, 2000

INSIDER TRADING RAMPANT SAYS INVESTORS ASSOCIATION

There was an article in a leading Sydney newspaper in the business section pointing out that public companies often pass on information at private briefings to the major investment institutions ahead of announcements to the public.

In Brambles case this lead to "The shares tanked as dealers at stockbroker Credit Suisse First Boston told clients that Brambles chairman Don Argus was set to deliver a profit warning at the annual meeting on Friday".

Most Australian investors imagine that our market is reasonably well regulated but this is only one example to show that this is not the case. Insider Trading is rampant within Australian markets and our regulators are doing little about it says Australian Investors' Association Councillor John Lance.

For further comment please contact:

AIA Secretariat Telephone: 1300 555 061 Facsimile: (07) 5564 8626 E-mail: aia@investors.asn.au