WMC Resources Ltd - Panel Commences Proceedings

Release number

TP05/007

Following the Panel's media release TP04/05 of 12 January 2005 regarding the application from Xstrata Capital Holdings Pty Ltd in relation to its takeover offer for all the shares in WMC Resources Ltd, the Panel advises that it has decided to conduct proceedings with respect to Xstrata Capital's application. The Panel will announce details of its decision once these proceedings are determined.

The President of the Panel has appointed Nerolie Withnall (sitting President), David Gonski and Simon Withers as the sitting Panel in these proceedings.

Marian Micalizzi
Acting Director,
Takeovers Panel
Level 47, 80 Collins Street
Melbourne, VIC 3000
Ph: +61 3 9655 3501