The President of the Panel has consented to review of the decision of the Panel on 16 October 2003 to accept the undertakings provided to the Panel by ESK Holdings Pty Ltd on 16 October 2003 and the undertaking of National Can Industries Limited (NCI) provided to the Panel on 15 October 2003, pursuant to an application by Visy Industrial Packaging Holdings Pty Ltd.

The Panel announces that on 24 October it made a declaration of unacceptable circumstances in the BreakFree 04 proceedings in relation to the announcement by S8 Limited (S8) on 8 October 2003 that it would not proceed to make offers under its announced scrip takeover bid (the Scrip Proposal) for BreakFree Limited (BreakFree). However, on the basis of the information currently before the Panel, it does not propose to make any orders.

The Panel has today published the reasons for its decision in the Selwyn Mines Limited (Receivers and Managers Appointed) (SLN) proceedings. The proceedings arose from an application made on 9 September 2003 (Application) by Hillgrove Gold Limited (HGO).

The Panel announces that it has decided to set aside a decision made by the Australian Securities & Investments Commission (ASIC) to refuse an application by Fexco Investments Australia Limited (FIA), Fexco Money Transfer Limited, FEXCO, Mr Geoff Bell and Mr Peter Jess (together the Applicants) in relation to FIA's takeover bid (the Joint Bid) for Prudential Investment Company of Australia Limited (PICA).

The Panel advises that yesterday it received an application for review of the Panel's decision in relation to the affairs of National Can Industries Limited (NCI).

The Panel advises that it has concluded the proceeding (the Proceeding) arising from the application (the Application) made by Visy Industrial Packaging Holdings Pty Ltd (VIPH) on 19 September 2003 in relation to the affairs of National Can Industries Limited (NCI). The Proceeding concluded following acceptance by the Panel of undertakings provided by NCI and ESK Holdings Pty Ltd (ESK).

The Panel advises that it has concluded the proceeding (the Proceeding) arising from the application (the Application) made by Visy Industrial Packaging Holdings Limited (VIPH) on 19 September 2003 in relation to the affairs of National Can Industries Limited (NCI).

The Takeovers Panel advises that it has received an application from SecQR Limited (SecQR) for a declaration of unacceptable circumstances under section 657A of the Corporations Act (Act) in relation to the affairs of QR Sciences Ltd (QR Sciences).

The Panel has today published the reasons for its decision in the SSH Medical Limited (SSH) proceedings. The proceedings arose from an application made on 1 September 2003 (Application) by SSH alleging unacceptable circumstances in relation to an off-market scrip bid by Analytica Limited (Analytica) for all the shares in SSH (Bid).