Ironbridge

13th April, 2004

Important Notice To All Applicants Under The Affinity Health Note Offer
The Affinity Health Note Offer closed on Friday 2 April 2004 over-subscribed. As a result, Affinity Health will issue an additional $25 million of Notes and, as such, the total amount raised in the Offer will be $150 million.

Note Interest Rate
The Note Interest Rate has been fixed until the Maturity Date in 6½ years at 10.356% p.a., which was calculated by the Swap Rate of 6.106% plus 4.25%.

Allocation Policy
Valid applications by Broker Firm Applicants have been accepted in full, subject to the size of each broker's overall firm allocation. Valid applications by Accredited Doctors have also been accepted in full. Applications under the Retail Offer via general public offer lodged by the close of the Offer have been accepted in full. Applications that were accompanied by cheques that were subsequently dishonoured and late applications, have not been allocated any Notes.

Holding statements will be despatched on Wednesday 14 April 2004, however, Applicants may confirm their allocations by telephoning the Affinity Health Note Offer Hotline on 1800 177 982 from 9.00am Wednesday 14 April 2004.

All applicants are responsible for determining and confirming the number of Notes allocated to them prior to selling any Notes. Applicants who sell Notes before receiving their allotment confirmation do so at their own risk.

Trading of Notes
The Notes are expected to commence trading on ASX on Monday 19 April 2004 under ASX code AFYHA.

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For further information, please contact Rob Tassie on 03 9916 2102.