Top twenty changes compared to top twenty holders as of June 30...

Top twenty changes compared to top twenty holders as of June 30 2007 (excluding axiom)

Increased postions:
1. Group Super Fund 7,982,311(1,777,519 shares added)
2. Ganbros Pty Ltd 4,968,855 (50,162 shares added)
9. Mrs. Tracy Fraser 1,300,045 (110,615 shares added)

No change:
3. Ganboys Pty Ltd 4,730,190
4. Gansons Pty Ltd 3,868,490
5. Jalsea Pty Ltd 3,308,914
6. RBC Dexia Ltd 1,430,000
7. Archer Management Pty Ltd 1,422,000
8. Mr. J M Ganim 1,326,400
10. Natpac Financial Services Pty Ltd 1,158,932
11. Chriswell Pty Ltd 1,107,681
12. Dreamtouch Pty Ltd 1,107,681
13. Nipruma Pty Ltd 1,107,681
14. Asset Custodian - 994,204 (formerly ANZ Nominees)
15. Hatfree Pty Ltd -917,500
17. Bawden Custodians Pty Ltd 860,000
20. Atkone Pty Ltd 750,000

Sold out:
Axiom Properties Ltd 14,268,989
Deluca (Adm) Pty Ltd 1,777,519 (these were sold to Group Super Fund, refer to "increses positions").

New holders:
16. Michael J Punch 912,225(shares issued as part payment)
18. Atkins Steelcraft Pty Ltd 811,000
19. Phillips Consolidated Pty Ltd 800,000


Total shars in company after buy back 71 million
Total shares held in top twenty 40 million
Total percentage of shares in company held = 56%

Shares traded since 30/6/07 = 2,437,053
Net shares sold on market in top 20 (excluding axiom) = NIL
Net shares Bought by top 20 investors = 1,771,777
Balance of shares traded by small holders 665,276

Net result:
(a) Axiom shares will be retired and top twenty holders effectively hold a larger percentage position e.g. Ganbros pty ltd currently hold 5.83% which will increase to 7% once axiom shares are retired.

(b)There are 3 new members in the top twenty, Michael J Punch received his shares as part of a takeover deal.
The ather two players: Atkins Steelcraft and Phillips Consolidated have soaked up 1.6 million shares between them out of a total of 2.4 million shares traded.
Given that none of the top twenty shares have been sold on the open market only 665,276 have been traded outside the top twenty holders in 6 months.

(c)The top twenty holders own 56% of the stock, so the balance of the holders own 44% or roughly 31 million shares and yet only 665,276 shares were traded outside the top twenty.
Eumundi certainly has some faithful shareholders !