Australian Stock Exchange Limited (ASX) is pleased to advise that it has received satisfactory private and class rulings from the Australian Taxation Office in relation to the proposed capital reduction, details of which are outlined in the Notice of Meeting dated 7 September 2006.
Subject to shareholder approval, the capital reduction will proceed in accordance with the following revised timetable.
| Event | Date |
| Meeting to approve the capital reduction | 9 October 2006 |
| ASX shares trade on “ex” return of capital basis | 11 October 2006 |
| Record Date for determining entitlements to participate in the capital reduction | 17 October 2006 |
| Despatch date for payment of capital reduction | 24 October 2006 |
In accordance with the Companies Update published on 25 September 2006 (Update no. 07/06), the timetable has been revised to allow for ASX shares to trade on a “ex” return of capital basis on the second business day after shareholder approval is granted rather the day after shareholder approval.
