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.

The Panel advises that it has today published its reasons for its decision in the S.A. Liquor Distributors proceedings. The Panel accepted undertakings from Australian Liquor Marketers Pty Ltd (ALM) for further disclosure in its bidder's statement in relation to a takeover bid for S.A. Liquor Distributors Limited (SALD). On the basis of those undertakings the Panel decided to decline to make any declaration of unacceptable circumstances.