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JUPITERS LIMITED
ABN 78 010 741 045
Level 9, Niecon Tower
17 Victoria Avenue
PO Box 1400
Broadbeach QLD 4218
Australia
Telephone 07 5584 8900
Facsimile 07 5538 6315


14 February 2003


                       TAKEOVER AND MERGER PROPOSAL UPDATE
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The Board of Jupiters wishes to advise that a board meeting has been convened
for Saturday, 1 March 2003 for the purpose of considering any final takeover
proposal from TABCORP Holdings Limited and any final merger proposal with UNiTAB
Limited.

The Board intends to reach a decision on that day as to its recommendations to
the shareholders of Jupiters.

Any proposal will be subject to a number of conditions including approval of the
Treasurer of the State of Queensland and other regulatory approvals.



LAWRENCE J WILLETT
CHAIRMAN OF DIRECTORS


For further information please telephone:

Mr Graham Canning
Tel: 02 9252 0622
Mobile: 0418 866 214

or Mr Nigel Kassulke
Tel: 02 9252 0622
Mobile: 0407 904 874

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Jupiters  Limited  is a public listed company with interests in tourism, leisure
and  gaming.  It  owns  Jupiters Casino on the Gold Coast and Treasury Casino in
Brisbane,  as  well  as holding an investment in and the management contract for
the Townsville casino.  In addition, the Company operates Keno in Queensland and
New  South  Wales,  online sportsbetting through Centrebet based in the Northern
Territory  and  provides  technology services.  Jupiters Limited is based on the
Gold Coast, Queensland, has over 21,000 investors in ordinary shares, over 5,200
Jupiters  RPS  securityholders  and  employs  over  5,000  staff.


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