Challenger Infrastructure Fund – Panel Receives Application

The Takeovers Panel has received an application dated 4 August 2008 from Challenger Listed Investments Limited, as responsible entity of Challenger Infrastructure Fund (CIF). CIF comprises two stapled funds – CIF Investment Trust 1 and CIF Investment Trust 2. Arkmile Limited has requested a meeting to consider winding up CIF Investment Trusts 1 and 2. The meeting has been convened for 28 August 2008.

Just Group Limited

The Panel, Garry Besson (sitting President), Andrew Sisson and Heather Zampatti, declined to conduct proceedings on the basis that Premier provided further disclosure clarifying the implied value of the Premier offer and substantiated statements by its Chairman concerning intentions of major shareholders to accept the offer.