Niko reduces holding by 6 Million

Change in substantial holding

SYNERGY EQUITIES GROUP LIMITED 2002-11-19 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
Vladimir Nikolaenko decreased his relevant interest in Synergy
Equities Group Limited on 14/11/2002, from 40,132,142 ordinary shares
(9.264%) to 34,211,858 ordinary shares (7.9%).

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Fig Jam

I hold SYG and SYGO