Allocations reach 30%

9 Decemberr 2004

Geoff Hipkins, Chief Executive of Murrumbidgee Irrigation announced today a further 2% increase in general security allocation for shareholders, with the full 30% to be available pre-end of February to those who require it.

Mr Hipkins reminded shareholders that transfers within the Company licence are deliverable if needed by the end of February.

The Company continues its focus on delivery water benefits to shareholders, especially in this drier time.

For water balance information shareholders should make normal contact with staff.