The Takeovers Panel welcomed the Treasurer's announcement of the reappointment of twelve members and the appointment of eight new members to the Panel today.

The Takeovers Panel advises that it has made a final decision in relation to the application from Magna Pacific (Holdings) Limited (Magna Pacific), concerning an off-market, cash takeover bid for Magna Pacific by Lionsgate Australia Pty Ltd (Lionsgate).

The Takeovers Panel advises that it has made a final decision in relation to the application from the Australian and International Pilots Association (AIPA), concerning an off-market, cash takeover bid for Qantas Airways Limited by Airline Partners Australia Limited (APA).

The Takeovers Panel advises that it has made a preliminary decision in relation to the application from Magna Pacific (Holdings) Limited (Magna Pacific), in relation to an off-market, cash takeover bid for Magna Pacific by Lionsgate Australia Pty Ltd (Lionsgate).

The Takeovers Panel advises that it has received an application today from the Australian International Pilots Association (AIPA), in relation to an off-market, takeover bid for Qantas Airways Limited (Qantas) by Airline Partners Australia Limited (APA).

The Takeovers Panel advises that it has received an application today from Magna Pacific (Holdings) Limited, in relation to an off-market, cash takeover bid for Magna Pacific by Lionsgate Australia Pty Ltd, a wholly owned subsidiary of Lions Gate Entertainment Inc.

The Takeovers Panel advises that, following an announcement yesterday by Santos Limited that it does not intend to proceed with its proposed offer for all the shares in Queensland Gas Company Limited (Santos Proposal), AGL Energy Limited has applied to withdraw its application concerning the Santos Proposal.

The Takeovers Panel has today released for public comment a draft Guidance Note and Issues Paper in relation to when the Panel may consider unacceptable circumstances exist where there is insider participation in control transactions.

The Takeovers Panel advises that it received an application yesterday from AGL Energy Limited in relation to the ASX announcement by Santos Limited dated 15 February 2007 of a proposal to make an offer for all the shares in Queensland Gas Company Limited (Santos Proposal).

The Takeovers Panel wishes to announce that it has, with regret, accepted the resignation of Mr George Durbridge as Counsel to the Panel.