SRI 4.29% 6.7¢ sipa resources limited

sipa-5c return of capital

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    SIPA RESOURCES INTERNATIONAL NL 2003-05-16 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    In accordance with the Resolution of Shareholders of 14 November
    2002, we advise that the first instalment of two cents per share
    relating to the proposed Return of Capital will have a record date of
    30 May 2003 with payment on Monday 9th June 2003.

    The second instalment of three cents per share is proposedfor
    30 September 2003 in accordance with the terms of the Resolutions
    of Shareholders of 14 November 2002.

    D J Gore
    SECRETARY


 
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