Colonial First State Private Capital Limited

As the Howard Government prepares its response to the Task Group on Emissions Trading's Report provided to the Government yesterday, Environment Ministers from each Australian State and Territory are meeting in Cairns to put the final touches on a mandatory greenhouse and energy reporting system for companies.

Olympia Resources Ltd (ASX: OLY) is pleased to announce Colonial First State Investments have become a substantial shareholder in the Company, through the acquisition of 7,500,000 new shares in the recent placement to institutional and sophisticated investors.