RNS Number:8063O
Portman Ld
19 August 2003

                                                        Portman
                                                        Limited

                                                        ACN 007 871 892
                                                        ABN 22 007 871 892
19 August 2003

                                                        Level 11
                                                        The Quadrant
                                                        1 William Street
                                                        Perth,  6000
                                                        Western Australia
                                                        GPO Box W2017
                                                        Perth, 6001
                                                        Tel:   61 8 9426 3333
                                                        Fax:   61 8 9426 3344

The Announcements Officer
Australian Stock Exchange
(Sydney) Limited
Level 10
20 Bond Street
SYDNEY  NSW  2000


                                                           Electronically Lodged

Dear Sir


MARKETING AGREEMENT - ONESTEEL


Portman Limited (ASX: PMM) is pleased to announce that a 2 year exclusive
Marketing Agreement has been signed with OneSteel Limited.

This agreement will result in Portman having sole responsibility for the
marketing of OneSteel's export bulk iron ore and iron ore pellets from Whyalla
in South Australia into the Asian iron and steel industry.

Portman looks forward to working with OneSteel as they expand their export
business in the years ahead.


Yours sincerely


B J Eldridge
MANAGING DIRECTOR


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