28 August 2003

Takeovers Panel Appointments

The Parliamentary Secretary to the Treasurer, Senator Ian Campbell, today announced the appointment of two new members to the Takeovers Panel.

They are Mr Mark Paganin, a partner with Clayton Utz, and Mr Simon Withers, a former director of Kleinwort Benson and now private investor. Both are from Perth.

The Takeovers Panel provides a mechanism for peer review of takeover activity, which has proved to be more efficient and expeditious than the courts.

Senator Campbell said: “Mr Paganin and Mr Withers have extensive experience in commercial law and will be valuable additions to the Panel.”

The appointments, effective until 7 March 2006, take the Panel’s membership to 44.

27 August 2003

Contact: Wayne Grant 08 9421 1755 or 0407 845 280