Coopers Brewery Limited 02 - Panel Declines to Commence Proceedings

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").