Q Investments Ltd.

News Release

July 18, 2003
TSX Symbol: QBX

Cubix Announces Closing of Asset Sale and Further Cash Dividend

Cubix Investments Ltd. (QBX:TSX-V) announces that the sale of its equity investments for the sum of $5,600,000, originally announced in a news release dated June 28, 2003, has received TSX Venture Exchange acceptance and has now closed.

At a meeting of the directors held this morning, the Board declared a special cash dividend of Cdn. $0.15 per share payable on August 15, 2003, to shareholders of record on July 31, 2003. The dividend will be merged with the dividend originally announced in the June 28, 2003 news release, and a single payment will be made in respect of the two dividends.

For further information please contact Mr. Michael Price, President at 44-20-7977-1268.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this news release.


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