Re Accounting Reference Date

Raven Capital Inc
26 September 2005


26 September 2005

              Raven Capital Inc. ('Raven Capital' or the 'Company')

                           Accounting Reference Date

The board of Raven Capital announces that the accounting reference date for the
Company has been changed so as to end on 30 September. Accordingly the current
accounting period shall run from 26 November 2004 to 30 September 2005.

END



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