31.2.10.1 Securities Notice of Rights Message

WARBURG-024 24-JAN-1998

Warburg Securities, Sydney,

# 892, Traflagar Square, Australia

Oxford Street,

London,

U.K.

ZIP- 6780-265

Sub: Notice of Rights declared.

Kind Attention Mr. William Smith,

Operations Head,

Securities Department.

Dear Sir/Madam,

Please be advised that Rights have been announced for the following Security with details as shown below:

Table 31-14 Header

Header	Details
Our Reference	000SE01980240004
Safekeeping Account	8745 762
Rights announced for Security	ISIN AU0000172510 Greater Perth Energy Generation Ltd.
Quantity of Security Eligible for Rights	8500 Shares
Right Expiry Date	20-FEB-1998
Rights Ex Date	01-FEB-1998
Your Response Deadline	18-FEB-1998, 1700 HRS GMT
Rights Exercise Payable Date	20-FEB-1998
Rights Record Date	19-FEB-1998
Identification of Rights	Greater Perth Energy Generation Ltd. Common Rights
Quantity of Rights Eligible	8500 Rights
Rights Subscription Ratio	1 Shares for every 5 Rights
Rights Subscription Price	40 AUD
Type of Rights	Saleable
Indicative Market Price for Rights	25 AUD
Pari Passu Date of Securities Exercised through Rights	15-MAR-1998

Other Information:

We are holding the above rights at your disposal and await your instructions. Please ensure that your instructions reach us before the response deadline as stated above.

Please quote Our Reference in all further correspondence relating to above Rights announcement.

Thanking You,

For National Australia Bank,

Sydney.