Decision Postponed in Relation to Colonial First State Funds

The Panel advises that it has considered the issues raised in the applications made by Mirvac Funds Ltd. in relation to the Merger Proposal by Colonial First State Property Funds, Commonwealth Property Office Fund and Gandel Retail Trust. The Panel has made some preliminary decisions, however, it has decided to try to seek implementation of those decisions by undertakings from the parties. Discussions on the Panel's proposals to resolve the issues are still in progress with the parties.