Asset Acquisitions and Disposals::CONDITIONAL CASH PROPOSAL TO ACQUIRE AUSTRALAND PROPERTY GROUP

Issuer & Securities

Announcement Title: Asset Acquisitions and Disposals
Date &Time of Broadcast: 04-Jun-2014 07:38:40
Status: New
Announcement Sub Title: CONDITIONAL CASH PROPOSAL TO ACQUIRE AUSTRALAND PROPERTY GROUP
Announcement Reference: SG140604OTHRX7C4
Submitted By (Co./ Ind. Name): Anthony Cheong Fook Seng / Piya Treruangrachada
Designation: Joint Company Secretraries
Description (Please provide a detailed description of the event in the box below): Frasers Centrepoint Limited ("FCL") has submitted an indicative, non-binding conditional proposal to Australand to acquire up to 100% of the issued stapled securities of Australand via an off-market takeover offer for cash consideration at A$4.48 per stapled security.

Please see attached announcement which attaches the media release by FCL and the ASX announcement issued by Australand this morning

Total size =5715K