Austral Coal Limited 02 - Decision and Review Application

The Takeovers Panel announces that it has made a declaration of unacceptable circumstances and orders in relation to the application received by it on 3 June 2005 from Centennial Coal Limited (Centennial), in relation to the affairs of Austral Coal Limited (Austral Coal), which is currently the subject of a takeover offer by Centennial (see Media Releases TP05/47 and TP05/48).