TIM 0.00% 4.4¢ timbercorp limited

TOP 20 & YEAR END CHANGE

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    TIM announced 21/10/01 that asic had granted approval
    for the year end date to change from 30/6 to 30/9

    tim advises the reason for the change is that it will provide shareholders with a more accurate picture of how the business is performing because the current year end date 30/6 conflicts with auditing,budgeting,and admin tasks
    with peak selling month of june

    the company advises that this will relieve great pressure of mgmt and staff

    tim projects go through 3 stages
    development,marketing and finance

    since 1992 tim has raised $400mand as at 30/6
    thet have under mgmt
    73,738 hectares eucalypt plantations
    2,104 hectares of olive groves
    1,350 hectares of almonds

    audited accounts to 30/9/02 will be released before moving to annoucing results for half year 31/3 and
    full year 30/9 (each year)

    in respect to movements in the top 20 i've identified
    the following ( when comparing to 2001 annual report):
    reductions in holdings = 3
    increase in holdings = 3
    new top 20 shareholders = 8
    no change to shareholdings = 6


 
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