TP04/081

Australian Leisure & Hospitality Group Limited 02 - Panel Declines to Commence Proceedings

The Panel has considered the application by Bruandwo Pty Limited (Bruandwo) dated 27 August 2004 alleging unacceptable circumstances in relation to its takeover bid for all the ordinary shares in Australian Leisure & Hospitality Group Limited (ALH).

The Panel has decided not to conduct proceedings in relation to the application.

This decision follows ALH’s agreement to issue a supplementary target’s statement containing further disclosure regarding: