RNS Number:7944S
Network Limited
03 December 2003


For immediate release

                               Network Limited

3 December 2003

Statement re Depository Interests

Network Limited ("Network" or the "Company") is pleased to announce that it's
London listed ordinary shares will be able to be traded within CREST through
Depository Interests.

The following is an extract from CREST's operation bulletin dated 27 November
2003, providing technical information on trading through CREST.

"With effect from 8 December 2003, CREST members will be able to hold and
transfer interests in Network ordinary shares of no par value (the "Shares")
(ISIN number AU000000NWK9) within CREST, pursuant to a depositary interest
arrangement established by the Company, which is incorporated in Australia.

The Shares will not themselves be admitted to CREST; rather the Company has
arranged for Computershare Investor Services Limited (the "Issuer") to issue
depository interests in respect of the underlying Shares ("Depository
Interests"). These Depository Interests may be held and transferred within
CREST. The Depository Interests will be created and issued pursuant to a Deed
Poll executed by the Issuer under English law, copies of which are available
from it, and the provisions of the Deed Poll are expressed to bind all holders
future and present.

In CREST, the Depository Interests will carry the same ISIN as the Shares. It
will be open to members, should they wish to do so, to hold and transfer Network
shares by way of the CREST residual settlement mechanism.

If CREST members wish to avail themselves of this facility, they can do so by
inputting a stock deposit in the usual way. The Company has informed CRESTCo
that (1) a CREST transfer form or dematerialisation form lodged as a stock
deposit will be deemed to constitute a transfer of the Shares to the Issuer, who
will issue corresponding Depositary Interests in CREST to the depositing member/
transferee; and (2) in a similar way, a stock withdrawal will be deemed to
constitute an instruction to the Issuer to cancel the depository interest and
effect a transfer of the shares to the person specified in the instruction.

The Depository Interests will not be subject to SDRT. This is because the
Depository Interests meet all the criteria set out for the SDRT exemption
granted in Statutory Instrument 1999 No. 2383 (Stamp Duty Reserve Tax (UK
Depository Interests in Foreign Securities) Regulations 1999 as amended by SI
2000/1871 and SI 2001/3779)."

The Company believes that trading Network Depositary Interests within CREST will
enable shareholders to trade and hold shares more effectively and this will help
to improve liquidity in the London market for its shares.


Contact: 

David Massey                         +44 (0)7885 331817
Gary Parkinson                       +44 (0)7812 062366
Brendon Cook (Network CEO)           +61 (0)2 9954 5566
Fiona Reid                           +44 (0)207 728 2318

About Network Limited: Listed on the ASX and AIM (Code: NWK), Network is an
Australian operated outdoor media company. Network is well positioned to
leverage its current position as a leading broker of outdoor media sites in
Australia. The company has demonstrated capabilities including over 12 years of
strong growth, an extensive national network of site owners, a successful
management team, and the ability to grow through strategic acquisitions. Network
is well placed to consolidate its position and exploit growth opportunities in
the international media industry.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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