The Takeovers Panel announces that it has adopted the medium neutral citation system currently used by most Australian Federal, State and Territory courts and other tribunals in relation to its own decisions.

The Takeovers Panel advises that yesterday afternoon it received an application from S8 Limited (S8) pursuant to section 656A of the Corporations Act 2001 (Cth) for a review of a decision by the Australian Securities & Investments Commission to refuse to consent to the early dispatch of S8's amended bidder's statement (which consolidates the original statement dated 19 August 2003 with the supplementary statement dated 2 September 2003) concerning its takeover bid for BreakFree Limited. That bid was announced on 11 July.

The Panel has today published the reasons for its decision in the review proceedings in relation to Anzoil NL.

The Panel has received an application from SSH Medical Limited dated 1 September 2003 alleging unacceptable circumstances in relation to an off-market scrip bid by Analytica Limited for all the shares in SSH Medical (Bid).

The Takeovers Panel welcomes the appointments of Mr Mark Paganin, Partner, Clayton Utz and Mr Simon Withers, former Director, Kleinwort Benson, both located in Western Australia.

The Panel has today published the reasons for its decision in the proceedings (the Proceedings) relating BreakFree Limited (BreakFree).

The Panel advises that the proceedings (the Proceedings) arising from the application (the Application) made by S8 Limited (S8) on 11 July 2003 in relation to the affairs of BreakFree Limited (BreakFree) have been resolved. The Proceedings were resolved following the termination by BreakFree on 12 August 2003 of certain agreements as contemplated by undertakings voluntarily provided by it to the Panel.

The Takeovers Panel has declined the application by the Roslyndale syndicate for a declaration of unacceptable circumstances and orders regarding the current bid by TVG for all of the ordinary shares in PowerTel Ltd.