MYCASINO LIMITED

Appendix 3B - Exercise of Options/Acquisitions/Emp Contracts


                          Document date: Mon 21 Aug 2000 Released time: Mon 21 Aug 2000 18:09:45
                          Document No: 182908  Document part: A
                          Market Flag: N
                          Classification: Appendix 3B

                          MY CASINO LIMITED                             2000-08-21  ASX-SIGNAL-G

                          HOMEX - Perth                                                        

                          +++++++++++++++++++++++++
                          A completed Appendix 3B is attached to this notice covering recent
                          share and option issues made by the Company.

                          Items "a" and "b" involve the issue of 3,265,999 fully paid ordinary
                          shares following the conversion of 185,527 June 30, 2000 options and
                          3,080,472 March 31, 2003 options. The conversion price of the options
                          was 25 cents and 20 cents respectively and raised a total of
                          $662,476.15 for working capital. The June 30, 2000 options
                          represented the balance of options not taken up by option holders
                          upon expiry and subsequently taken up by the underwriter.

                          The issue of the shares and options shown as items "c", "d" and "e"
                          were previously announced to the market on 28 June 2000. While
                          listing is sought for the 7 million shares referred to in item "c",
                          the 4 million shares and options issued to advisers of the company
                          are subject to restriction for a period of 24 months ending on
                          17 April 2002.

                          Items "f and "g" involve the issue of a total of 1 million options to
                          several senior employees of the Company under the terms of their
                          respective employment contracts. No funds are raised by the issue of
                          the options and the terms of the conversion are shown on the attached
                          Appendix 3B.

                          J Asquith
                          COMPANY SECRETARY