RNS Number:5294T
Portman Ld
22 December 2003

                                                       Portman
                                                       Limited

                                                       ACN 007 871 892
                                                       ABN 22 007 871 892
 
                                                       Level 11
                                                       The Quadrant
                                                       1 William Street
                                                       Perth,  6000
                                                       Western Australia
                                                       GPO Box W2017
                                                       Perth, 6001



22 DECEMBER 2003                                       Tel:   61 8 9426 3333
                                                       Fax:   61 8 9426 3344



                                 MEDIA RELEASE





Portman Releases Corporate Governance Charters, Policies

And Codes of Conduct





Earlier this year the Portman Limited (ASX: PMM) Directors resolved that PMM
would adopt in full, the "Principles of Good Corporate Governance and Best
Practice Recommendations" published in March 2003 by the ASX Corporate
Governance Council.  Accordingly, various charters, policies and codes of
conduct were developed in conjunction with PMM's legal advisors and final
versions thereof were approved by the Board on 27 November 2003.



The detailed charters, policies and codes of conduct will be posted to PMM's
website (www.portman.com.au) today on the Corporate Governance page.  For people
who do not have access to the internet, copies of these documents may be
obtained from the Company Secretary, Mr Geoff Clifford.







RELEASED BY:


Portman Limited

Telephone (+61-8) 9388 1474

Telephone (+61-8) 9426 3333

www.portman.com.au





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