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Roper River Resources N.L. today announced that it has completed the accquisition of leading internet travel provider, WEBJET Pty. Ltd.

The general Meeting of shareholders of Roper, held in Adelaide yesterday, March 22nd, resolved to pass all resolutions in relation to the accquisition, and a Board meeting of Roper held the same day implemented all resolutions and completed settlement.

The implemented resolutions are:

1. 5,000,000 ordinary shares each fully paid at an issue price of 20 cents per share have been issued to Capstan Nominees Pty. Ltd.
   
2. 50,000,000 ordinary shares each fully paid issued in consideration for the accquisition of the issued capital of Webjet Pty. Ltd.
   
3. 10 ordinary shares each fully paid issued at 20 cents each under the prospectus.
   
4. 5,000,000 options to be exercised by Nov 2002 at 20 cents each issued to the new Directors under the Company's employee Share Option Plan.
   
5. The election of the new Directors, Mr. David Clarke (Managing Director), Mr, Allan Nahum, Mr, Steven Scheurer and Mr, John Lemish, Resignations of previous Directors Mr. Peter Hunt and Mr, Clinton Carey were accepted. The current Cairmen, Mr. Ian J.D. Murrey continues.
   
6. The Company also resolved to adopt a new constitution and to change it's status from N. L. to Ltd and to change it's status from N.L. to Ltd and to change it's name to WEBJET LTD.

The Managing Director, Mr, David Clarke further advised that as all settlement matters had now been completed, the Company has now applied to the Australian Stock Exchange (ASX), for the requotation of the Company's shares and anticipates and early response. Until the name change is completed, the company will relist under ASX code RRR.

The Company's compliance prospectus has been registered with ASIC and copies dispatched to shareholders. No public funds are being raised.

Lawyers and advisors assisting have been Minters Adelaide, PKF Adelaide, BDO Adelaide, DMR Consulting, and Capstan Corporate Finance Melbourne, in conjunction with Meyrick Websters Melbourne.

The Company would also like to acknowledge the constructive assistance and advise readily provided by the ASX in Adelaide in the completion of this transaction.