PROSPECTUS

Octanex NL (ABN 61 005 632 315) advises that it lodged a Prospectus with the Australian Securities and Investments Commission ("ASIC') on 10 November 2003.

Potential investors should read the entire Prospectus and in particular, in considering the prospects for the Company, investors should consider the assumptions underlying the financial information contained therein and the risk factors that could affect the performance of the Company. Investors should carefully consider these factors in light of personal circumstances (including financial and taxation issues) and seek professional advice from an accountant, stockbroker, lawyer or other professional adviser.

In accordance with section 727(3) of the Corporations Act 2001 ('the Act"), this Prospectus is subject to an exposure period of seven (7) days from the date of lodgment with ASIC. This period may be extended by ASIC for a further period of up to seven (7) days.

The purpose of this exposure period is to enable this Prospectus to be examined by market participants prior to the raising of funds. If this Prospectus is found to be deficient, Applications received during the exposure period will be dealt with in accordance with section 724 of the Corporations Act.  Applications received prior to the expiration of the exposure period will not be processed until after the exposure period. No preference will be conferred on Applications received during the exposure period and all Applications received during the exposure period will be treated as if they were simultaneously received immediately following the completion of the exposure period.

Both the electronic and paper versions of this Prospectus, which will be made available during the exposure period, will not contain an Application Form and no Shares are being, or will be offered pursuant to either of those documents.    

The Prospectus that will be made available after the end of the exposure period will be in paper form only and  will contain an Application Form, which applicants must complete in making an application for Shares offered by the Prospectus.   Shares in the Company will only be issued on the basis of an application form to be issued together with the Prospectus.  

An application form is only available with a Prospectus that will be made available after the end of the exposure period.

A person may obtain a paper copy of this Prospectus free of charge by contacting the Company by email at admin@octanex.com.au or by telephone at (61) (3) 9629 6100.

The Act prohibits any person from passing onto another person an Application Form unless it is attached to a hard copy of this Prospectus or it accompanies the complete and unaltered version of this Prospectus (whether in paper or electronic form.   A person may obtain a hard copy of this Prospectus free of charge by contacting the Company.

This Prospectus does not constitute an offer or invitation in any place in which, or to any person to whom, it would not be lawful to make such an offer or invitation. The distribution of this Prospectus in jurisdictions outside Australia may be restricted by law and persons who come into possession of this Prospectus should seek advice on and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws.

No action has been taken to register or qualify the Shares or the Offer, or otherwise permit a public offering of the Shares, in any jurisdiction outside Australia.

By clicking the 'FILE: OCTANEX.pdf' button below you confirm that you have read and understood the above statements.

The Prospectus is provided on the basis that Octanex NL is not liable for any loss or damage incurred or caused as a result of or from accessing or relying on any information downloaded from, or accessed on this site, including, but not limited to, loss and damage arising from data corruption on download.

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