The Panel advises that on Friday evening 7 February it received a further application in relation to the affairs of Anaconda Nickel Limited (ANL).

The Panel advises that it has received two further applications in relation to the affairs of Anaconda Nickel Limited (ANL). One of the applications is from by MatlinPatterson Global Opportunities Partners LP (MP Global), whilst the other is from ANL itself. These two further applications are appeal applications, which are in addition to the five previously announced applications in relation to ANL.

The Panel advises that the Review Panel in the Anaconda 06 matter has today affirmed the interim order made by the Anaconda 02 - 05 Panel (Original Interim Order) , and broadened it somewhat.

The Panel advises that it has decided the four applications in relation to the affairs of Anaconda Nickel Limited (Anaconda) which were outstanding.

The Takeovers Panel announces that it has today accepted the offer of undertakings from Goodman Fielder in relation to the application by BPC1 Pty Ltd and Burns Philp Co Ltd for a declaration of unacceptable circumstances and orders in relation to the affairs of Goodman Fielder Ltd. BPC1 is currently bidding for Goodman Fielder. It made the application on 20 January 2003.

The Panel advises that it has today accepted undertakings from Phosphate Resources Limited (PRL) (an unlisted public company) concerning obtaining shareholder approval for a rights issue, or underwriting by Asset Backed Holdings Limited (ABK), in the next 12 months. On the basis of those undertakings the Panel has decided to decline an application for a declaration of unacceptable circumstances in relation to the affairs of PRL. The application from Mr Gerry Pauley and Dr Gordon Elkington (Shareholders) was received on 2 January 2003.

The Panel advises that today it has consented to the withdrawal of an application from MatlinPatterson Global Opportunities Partners LP (MP Global) in relation to its takeover bid for Anaconda Nickel Limited (Anaconda).

The Panel advises that it has today declined an application for an interim order restraining dispatch of the offer document in the offer for Anaconda Rights from MatlinPatterson Global Opportunities Partners LP (MP Global).

The Panel advises that it has received three further applications in relation to the affairs of Anaconda Nickel Limited (Anaconda). These are in addition to the two previously announced.

The Panel advises that it has received an application from Metal Holdings P/L, a company associated with Mr. Andrew Forrest seeking a declaration of unacceptable circumstances, and final orders, in relation to the affairs of Anaconda Nickel Limited (Anaconda).