RNS Number:2143P
Portman Ld
01 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                        BARRY JOHN ELDRIDGE

Date of last notice                     6 JANUARY 2003



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                        Shirley Eldridge (wife)          118,000
(including registered holder)                      Dixon Brook Holdings P/L
Note: Provide details of the circumstances giving           30,000
rise to the relevant interest.                     Dixon Brook Holdings P/L
                                                     
                                                                                      ______

                                                                                     157,000


Date of change                                     29 August 2003

No. of securities held prior to change             136,000

Class                                              Ordinary Shares

Number acquired                                    21,000

Number disposed                                    Nil

Value/Consideration                                $26,670

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


No. of securities held after change                157,000

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            1 September 2003
                                        Company Secretary






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