Southcorp Limited - Panel Receives Application

The Takeovers Panel (Panel) advises that it has received an application dated 28 January 2005 from Southcorp Limited (Southcorp) in relation to the takeover offer by Beringer Blass Wines Pty Limited (Beringer) (a wholly owned subsidiary of Foster's Group Limited (Foster's)) for all of the shares in Southcorp. The terms of Foster's offer are set out in the bidder's statement dated 18 January 2005.