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Date Posted: 17:01:33 02/23/03 Sun
Author: VWAP for ERG at 15.38--time=11:39:19 am
Subject: 3 days including the 20th 2 days after announcement of Sydney

ERG ERG Ltd FPO
-----------------------------------------------------------
Total Trades Total Volume Last Trade V.W.A.P*
139 6,900,705 15 15.38
* Volume Weighted Average Price
Trade
Number (s) Time
Last Traded Price Volume Change Value Number
of Trades
138 - 139 11:39:19 am 15 197,327 0.5 $29,599 2
136 - 137 11:38:00 am 15.5 50,368 0.5 $7,807 2
135 11:37:09 am 15 13,910 0.5 $2,087 1
126 - 134 11:28:29 am 15.5 253,000 0.5 $39,215 9
125 11:07:31 am 15 3,200 0.5 $480 1
122 - 124 11:03:42 am 15.5 250,000 0.5 $38,750 3
121 10:51:47 am 15 1,000 0.5 $150 1
120 10:50:24 am 15.5 10,000 0.5 $1,550 1
119 10:49:26 am 15 30,000 0.5 $4,500 1
102 - 118 10:47:26 am 15.5 1,113,733 0.5 $172,629 17
100 - 101 10:33:32 am 16 22,500 0.5 $3,600 2
88 - 99 10:26:59 am 15.5 868,662 0.5 $134,643 12
70 - 87 10:19:07 am 15 1,061,000 0.5 $159,150 18
48 - 69 10:14:41 am 15.5 930,805 0.5 $144,275 22
46 - 47 10:06:17 am 15 75,000 0.5 $11,250 2
23 - 45 10:06:16 am 15.5 1,660,000 0.5 $257,300 23
17 - 22 10:04:53 am 15 100,000 0.5 $15,000 6
15 - 16 10:03:59 am 15.5 50,000 0.5 $7,750 2
1 - 14 10:02:09 am 15 210,200 $31,530 14

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