Investor Relations

Underwritten Non-Renounceable Pro-Rata Issue

Back Mar 13, 2002
Q MULTIMEDIUM LIMITED                         2002-03-13  ASX-SIGNAL-G

HOMEX - Perth                                                         

Q Multimedium Limited ("QMM") announces a non-renounceable pro rata 
issue fully underwritten by Beconwood Securities Pty Ltd (Beconwood) 
of Melbourne to raise approximately $777,000 by offering 1 new share 
for every 5 shares held on the record date (to be confirmed). The 
issue price for the new shares is $0.04 cents payable in full 
on application.

It is expected that the Prospectus for this issue will be lodged 
with the Australian Securities and Investments Commission by 15 
April 2002.

The purpose of the issue is to raise funds to provide working 
capital for the Group so as to ensure sufficient funds are available 
to achieve the Company's objectives.

Beconwood is a related party of the Company because it is controlled 
by Mr Paul Choiselat, a Director of the Company. Accordingly, QMM 
will shortly be calling a general meeting to seek approval to enter 
into the underwriting agreement with Beconwood.

For further information contact:

Kim Stedman
Q Multimedium Limited
Tel: (08) 9322 2977
Fax: (08) 9322 4114

Paul Choiselat
Beconwood Securities Pty Ltd
Tel: (03) 9691 4900
Fax: (03) 9600 1500