Investor Relations

Appendix 3B - Grant of options to directors

Back Dec 18, 2002
Q MULTIMEDIUM LIMITED                         2002-12-18  ASX-SIGNAL-G

HOMEX - Perth                                                         

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                             APPENDIX 3B
                        NEW ISSUE ANNOUNCEMENT

   APPLICATION FOR QUOTATION OF ADDITIONAL SECURITIES AND AGREEMENT

Information or documents not available now must be given to ASX as
soon as available.  Information and documents given to ASX become
ASX's property and may be made public.

Introduced 1/7/96. Origin Appendix 5. Amended 1/7/98, 1/9/99,
1/7/2000.

Name of Entity
Q Multimedium Limited

ACN or ARBN
13 083 160 909

We (the entity) give ASX the following information.


PART 1 - ALL ISSUES
You must complete the relevant sections (attach sheets if
there is not enough space).


 
1. Class of securities issued          Options to acquire shares.
   or to be issued                                                  
 
2. Number of securities issued         8,850,000
   or to be issued (if known)                                       
   or maximum number which                                          
   may be issued                                                    

3. Principal terms of the securities   * Each option entitles the
   (eg, if options, exercise price     holder, when exercised,  to
   and expiry date; if partly paid     one fully paid ordinary share
   securities, the amount              in the capital of the company
   outstanding and due dates for       (share) which, on issue, will
   payment; if convertible securities, rank pari passu with existing
   the conversion price and dates      shares.
   for conversion)                                                  
                                       * The option exercise price
                                       is $0.15 cents per option.
                                       There is no option issue fee.
                                                                    
                                       * Options will vest in the
                                       option holder immediately on
                                       issue.
                                                                    
                                       * An option may be exercised
                                       any time on or before
                                       27/11/2004. An option not
                                       exercised on or before
                                       27/11/2004 will lapse.
                                                                    
                                       * Options issued to a holder,
                                       lapse if the Board determines
                                       that the holder has acted
                                       fraudulently, dishonestly or
                                       in breach of his obligations.
                                                                    
                                       * Options may not be
                                       transferred except to
                                       immediate family or a company
                                       wholly owned or controlled by
                                       the option holder.
                                                                    
                                       * Quotation of the options on
                                       ASX will not be sought.
                                       Quotation on ASX of the shares
                                       issued on exercise of the
                                       options will be sought.
                                                                    
                                       * If any reconstruction of the
                                       issued capital of the company
                                       takes place (including any
                                       consolidation or division of
                                       shares or reduction or return
                                       of capital), the number of
                                       options and the exercise price
                                       of the options will be
                                       reconstructed in accordance
                                       with the ASX Listing Rules so
                                       as to reflect the
                                       reconstruction of the issued
                                       ordinary share capital of the
                                       company, but so that no
                                       additional benefits are
                                       conferred on the option holder.
                                                                    
                                       * The option holder may only
                                       participate in new issues of
                                       securities to holders of
                                       shares, if the option has been
                                       validly exercised, and the
                                       shares are allotted in respect
                                       of the options before the
                                       record date for determining
                                       entitlements to the issue.

4. Do the securities rank equally      Yes
   in all respects from the date                                    
   of allotment with an existing                                    
   class of quoted securities                                       

   If the additional securities        -
   do not rank equally, please                                      
   state:                                                           
   * the date from which they do                                    
   * the extent to which they                                       
     participate for the next                                       
     dividend, (in the case of                                      
     a trust, distribution) or                                      
     interest payment                                               
   * the extent to which they do                                    
     not rank equally, other than                                   
     in relation to the next                                        
     dividend, distribution or                                      
     interest payment                                               

5. Issue price or consideration        Nil

6. Purpose of the issue (if            The primary purpose of the
   issued as consideration for         grant of the options to the
   the acquisition of assets,          Directors is to reward them
   clearly identify those              for their past services and
   assets)                             commitment and effort to the
                                       company and Jumbuck. Given
                                       this purpose, the directors
                                       of the company do not consider
                                       there are any opportunity
                                       costs to the company or
                                       benefits foregone by the
                                       company in granting the
                                       options upon the terms
                                       proposed.

7. Dates of entering securities        N/A
   into uncertified holdings                                        
   or despatch of certificates                                      
                                       
                                      NUMBER  CLASS
8. Number and class of all       116,402,130  Ordinary shares
   securities quoted on                                             
   ASX (including the             16,998,250  Options
   securities in clause                                             
   2 if applicable)                                                 

                                      NUMBER  CLASS
9. Number and class of all        16,500,000  Options (director and
   securities not quoted                      employee options)
   on ASX (including the                                            
   securities in clause 2                                           
   if applicable)                                                   

10.Dividend policy (in the case        There is no change to that
   of a trust, distribution            which is set out in the
   policy) on the increased            Prospectus of the Company
   capital (interests)                 dated 11/11/1999.

PART 2 - BONUS ISSUE OR PRO RATA ISSUE

Items 11 to 33 are Not Applicable

PART 3 - QUOTATION OF SECURITIES
You need only complete this section if you are applying for quotation
of securities

    Items 34 to 37 are Not Applicable

    Entities that have Ticked Box 34 (b)

    Items 38 to 42 are Not Applicable

ALL ENTITIES

Fees

43. Payment method (tick one)

       Cheque attached

       Electronic payment made
       Note: Payment may be made electronically if Appendix 3B is 
             given to ASX electronically at the same time.
    
       Periodic payment as agreed with the home branch has been 
       arranged
       Note: Arrangements can be made for employee incentive 
             schemes that involve frequent issues of securities.

QUOTATION AGREEMENT

1.  Quotation of our additional securities is in ASX's absolute 
    discretion. ASX may quote the securities on any conditions it 
    decides.

2.  We warrant the following to ASX.

    *   The issue of the securities to be quoted complies with the
        complies with the law and is not for an illegal purpose.

    *   There is no reason why those securities should not be granted
        quotation.

    *   An offer of the securities for sale within 12 months after 
        their issue will not require disclosure under section 707(3)
        or section 1012C(6) of the Corporations Act.

    *   Section 724 or section 1016E of the Corporations Act does not
        apply to any applications received by us in relation to any 
        securities to be quoted and that no-one has any right to 
        return any securities to be quoted under sections 737, 738 or
        1016F of the Corporations Act at the time that we request that 
        the securities be quoted.

    *   We warrant that if confirmation is required under section 
        1017F of the Corporations Act in relation to the securities to 
        be quoted, it has been provided at the time that we request
        that the securities be quoted.

    *   If we are a trust, we warrant that no person has the right to 
        return the securities to be quoted under section 1019B of the 
        Corporations Act at the time that we request that the 
        securities be quoted.
        
3.  We will indemnify ASX to the fullest extent permitted by law in
    respect of any claim, action or expense arising from or connected
    with any breach of the warranties in this agreement.

4.  We give ASX the information and documents required by this form.
    If any information or document not available now, will give it to
    ASX before quotation of the securities begins. We acknowledge that
    ASX is relying on the information and documents. We warrant that
    they are (will be) true and complete.


D J Berinson 
COMPANY SECRETARY
17/12/2002

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