RNS Number:4300I
Murchison United NL
07 March 2003





                                                      ASX, AIM and Media Release

                                                                    7 March 2003



MURCHISON CLOSES OUT CURRENCY HEDGING

_____________________________________________________________________



Murchison United NL ("Murchison" or "the Company") (ASX: MUR, AIM: MUU) today
announced that it has closed out its currency hedging positions with Westpac
Banking Corporation during the week at an effective rate of 61.76 cents.



The monies held on deposit by the Company with Westpac were used in part
settlement of the transaction.



Managing Director Paul Atherley commented: "The close of out the currency
hedging is a very important step in the Company's rebuilding plans as it removes
a significant liability which has been a severe constraint over the past 2
years."





For further information please contact:



Paul Atherley, Managing Director

Murchison United NL

Telephone:     +618 9321 7448

Facsimile:     +618 9321 7747

Email:          patherley@munl.com.au







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