Thde last paragraph may explain the sell down.
24/01/2003 16:49:04
Change of Director's Interest Notice
KAZ GROUP LIMITED 2003-01-24
ASX-SIGNAL-G
HOMEX - Sydney
+++++++++++++++++++++++++
CHANGE OF DIRECTOR'S INTEREST NOTICE
Name of Company Kaz Group Limited
ABN 25 002 124 405
We (the entity) give the ASX the following information under listing
rule 3.19A.2 and as agent for the director for the purposes of
section
205G of the Corporations Act.
Nameof Director Michael O'Sullivan
Date of last notice 02/01/2002
Part 1 - Change of director's relevant interests in securities
Direct or indirect interest Indirect
Nature of indirect interest
(including registered holder) Interest via Cassidy
Investments Pty Ltd
Date of change 24/01/2003
No. of securities held prior
to change 36,120,000 Fully Paid
Ordinary Shares
300,000 Options @ $0.16
vested
at financial year ending
June 2000
90,000 Options @ $0.79 vested
at financial year ending
June 2001
Class Ordinary Fully Paid
Number Acquired -
Number disposed 7,570,750
Value/consideration Nil (Refer to 'Nature of
Change' below)
No. of securities held after
change 28,549,250 Fully Paid
Ordinary Shares
300,000 Options @ $0.16
vested
at financial year ending
June 2000
90,000 Options @ $0.79 vested
at financial year ending
June 2001
Nature of change Pursuant to consent orders
dated 05/12/2002 under the
Family Law Act
Part 2 - Change of director's relevant interests in contracts
N/A
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