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    ENVIROSTAR ENERGY LIMITED 2002-10-03 ASX-SIGNAL-G

    HOMEX - Sydney

    +++++++++++++++++++++++++
    ASX MARKET RELEASE

    The securities of EnviroStar Energy Limited (the "Company") will be
    suspended from quotation immediately, at the request of the Company,
    following the Company appointing Adrian Stewart Duncan and Nicholas
    David Seaton of Knights Insolvency Administration to act as
    administrators.


    Security Code: EEL

    A Black
    SENIOR COMPANIES ADVISOR


    ADMINISTRATORS APPOINTED

    EnviroStar Energy Limited announces that the Company has appointed
    Adrian Stewart Duncan and Nicholas David Seaton of Knights Insolvency
    Administration, Level 27, Chifley Tower, 2 Chifley Square, Sydney to
    act as administrators.

    The date of the appointments is 3 October 2002.

    Adrian Stewart Duncan
    Joint & Several
    ADMINISTRATOR

    REQUEST FOR SUSPENSION FROM QUOTATION

    EnviroStar Energy Limited hereby requests that the ASX suspend from
    quotation immediately the securities of the Company following the
    appointment of voluntary administrators. The following information is
    provided in accordance with ASX Listing Rule 17.2.

    1. REASONS FOR THE SUSPENSION

    The Company has appointed Adrian Stewart Duncan and Nicholas David
    Seaton of Knights Insolvency Administration of Level 27, Chifley
    Tower, 2 Chifley Square, Sydney to act as administrators. The date of
    the appointments is 3 October 2002.

    2. THE EXPECTED DURATION OF THE SUSPENSION

    The Company expects that the suspension will be determined upon the
    cessation of the appointment of the voluntary administrators. The
    Company estimates that the suspension will last for approximately 3
    months, however the Company is unable to give a definitive statement
    of the duration of the suspension at this time.

    3. THE EVENTS THAT WILL END THE SUSPENSION

    The Company expects that the suspension will be determined upon the
    cessation of the appointment of the voluntary administrators.

    4. REASONS WHY THE SECURITIES SHOULD NOT BE SUSPENDED

    The Company is not aware of any reason why its securities should not
    be suspended.

    A S Duncan
    Joint & Several
    ADMINISTRATOR
 
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