WATER ALLOCATION INCREASE

Murrumbidgee Irrigation announced today that t he general security allocation for Murrumbidgee Irrigation shareholders has increased to 54%. Those shareholders that need it will have access to the full 54% before the end of February.

General Security shareholders considering temporary transfer should lodge their “intent to transfer” application before 29 December 2005. Murrumbidgee Irrigation staff are available to discuss shareholders' individual circumstances.