The Takeovers Panel advises that it has today declined to commence proceedings in response to an application from Lion Nathan Limited and Lion Nathan Australia Pty Limited (a wholly owned subsidiary of Lion Nathan Limited) (together Lion Nathan) dated 9 September 2005 in relation to the proposed takeover offer for Coopers Brewery Limited (Coopers) by Lion Nathan announced on 1 September 2005 ("Lion Nathan Offer").

The Takeovers Panel has noted the decision of the Australian Securities and Investments Commission today not to appeal the decision of the Federal Court in relation to the Panel's decision in the Austral Coal 02R proceedings.

On 2 September 2005, the Takeovers Panel (Panel) received an application from Coopers Brewery Limited in relation to a letter sent from Lion Nathan dated 1 September 2005 to Coopers shareholders announcing a proposed off-market takeover offer (Lion Nathan Offer) by Lion Nathan Australia Pty Limited (Lion Nathan Australia), a wholly owned subsidiary of Lion Nathan Limited (together Lion Nathan).

The Takeovers Panel has advised that it received an application on Friday 9 September 2005 from Lion Nathan Australia Pty Limited (Lion Nathan Australia), a wholly owned subsidiary of Lion Nathan Limited (together Lion Nathan), in relation to the affairs of Coopers Brewery Limited (Coopers). Coopers is currently the subject of a proposed takeover offer by Lion Nathan (Offer).

The Takeovers Panel advises that it has today declined to commence proceedings in response to an application from Patrick Corporation Limited in relation to the proposed takeover offer by Toll Holdings Limited announced on 22 August 2005.

The Takeovers Panel advises that it has received an application dated 2 September 2005 from Coopers Brewery Limited in relation to a proposed off-market takeover offer by Lion Nathan Australia Pty Limited, a wholly owned subsidiary of Lion Nathan Limited (together Lion Nathan).

The Takeovers Panel advises that it has today received an application from Patrick Corporation Limited in relation to the proposed takeover offer by Toll Holdings Limited announced on 22 August 2005.

The Takeovers Panel (the Panel) has today, published its reasons for its decision in relation to an application by Glencore International A.G. and Fornax Investments Limited (together, Glencore) received on 12 July 2005 for review of the Panel's decision in the Austral Coal 03 Proceedings in relation to the affairs of Austral Coal Limited (Austral). The President of the Panel declined to consent to the application for review.