RNS Number:7011P
Portman Ld
12 September 2003

                                                                    Rule 3.19A.2

                                  Appendix 3Y



                      Change of Director's Interest Notice



Information or documents not available now must be given to ASX as soon as
available.  Information and documents given to ASX become ASX's property and may
be made public.

Introduced 30/9/2001.


Name of entity            PORTMAN LIMITED
ABN                       22  007  871  892



We (the entity) give ASX the following information under listing rule 3.19A.2
and as agent for the director for the purposes of section 205G of the
Corporations Act.


Name of Director                        GEORGE FRANCIS JONES

Date of last notice                     7 JANUARY 2002



Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by
the responsible entity of the trust



Note: In the case of a company, interests which come within paragraph (i) of the
definition of "notifiable interest of a director" should be disclosed in this
part.


Direct or indirect interest                        Indirect
Nature of indirect interest                        Mr Jones is a director of Connemara Investments
                                                   Pty Ltd and
(including registered holder)
                                                   JBP Nominees Pty Ltd
Note: Provide details of the circumstances giving
rise to the relevant interest.


Date of change                                     11 September 2003
No. of Shares held prior to change                 Connemara Invs 5,750,000

                                                   JBP Nominees 450,000
Class                                              Ordinary
Number acquired                                    Nil
Number disposed                                    Connemarra Invs 2,750,000

                                                   JBP Nominees 450,000
Value/Consideration (Gross proceeds)               $4,841,900

Note: If consideration is non-cash, provide
details and estimated valuation


No. of securities held after change                Connemara Invs 3,000,000 Ord Shares

                                                   G F Jones 1,000,00 Options

                                                   Exercise Price $1.227 each

                                                   Expiry date 24/5/06

                                                   JBP Nominees 750,000 Options

                                                   Exercise Price $0.984 each. Exp date 10/5/05


Nature of change                                   On - Market - Trade

Example: on-market trade, off-market trade,
exercise of options, issue of securities under
dividend reinvestment plan, participation in
buy-back



Part 2 - Change of director's interests in contracts



Note: In the case of a company, interests which come within paragraph (ii) of
the definition of "notifiable interest of a director" should be disclosed in
this part.


Detail of contract                     N/A
Nature of interest                     N/A




Name of registered holder              N/A

(if issued securities)


Date of change                         N/A
No. and class of securities to which   N/A
interest related prior to change

Note: Details are only required for a
contract in relation to which the
interest has changed


Interest acquired                      N/A
Interest disposed                      N/A
Value/Consideration                    N/A

Note: If consideration is non-cash,
provide details and an estimated
valuation


Interest after change                  N/A


              G T Clifford


              COMPANY SECRETARY

              PORTMAN LIMITED



              12 September 2003












                      This information is provided by RNS
            The company news service from the London Stock Exchange
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