LENDU HOLDINGS PLC

OWNERS AND OPERATORS OF IRRIGATED-COTTON, BEEF-CATTLE AND CEREAL FARMS,
IN QUEENSLAND AND NEW SOUTH WALES, AUSTRALIA

The  Company has today been advised by Laxey Partners Limited that  they
have  have  become interested of 490,710 shares of 5p each  representing
3.60% of the companies issued share capital.

By order of the board
M.P.Evans (UK) Limited
Secretaries
13 August 2003