Update to Share Acquisition

Dec 29, 2003

ASX RELEASE 29 December 2003

Directors would like to advise that a dispute has arisen regarding the acquisition of 5 million shares and options in Global Approach Limited (ASX:GLO) with CT Holdings (Queensland) Pty Ltd. Jumbo Corporation Ltd intends to aggressively enforce its rights under the Share Purchase contract to complete the purchase of 5 million share in GLO at 9c with rights for a further 5 million options.

Discussions have been held with Mr Trevor Gardiner and Mr Chris Hayward, the representative for CT Holdings, in an effort to resolve to the dispute. For further enquiries, please contact: Mike Veverka, CEO Ph: (07) 3831 3705 Fx: (07) 3831 9720 Email: mike@jumbocorporation.com Web: www.jumbocorporation.com


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