Allocations reach 33%

15 December 2004

Geoff Hipkins, Chief Executive of Murrumbidgee Irrigation announced today a continuation of the 2% increase in general security allocation for shareholders, which together with the general increase announced today by DIPNR, takes the allocation for shareholders to 33%.

The full 33% will 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, and Mr Hipkins reminded shareholders to continue to be diligent with monitoring their water available.

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