TP04/069

Skywest Limited 03 - Panel Makes a Declaration of Unacceptable Circumstances and Orders

The Panel has made a declaration of unacceptable circumstances and final orders in relation to the Skywest Limited 03 proceeding with the effect of stopping the off-market takeover bid by CaptiveVision Capital Limited (CVC) for all of the issued shares in Skywest Limited and allowing Skywest security holders who sold their securities to CVC after 1 December 2003 to cancel those sales.