Announcement to ASX by Thakral Family

Announcement to ASX by Thakral Family

13-Nov-2002

We advise we act on behalf of the Thakral Family which controls about 37% of the issued capital in the THG Group, as disclosed in substantial shareholder notices lodged on their behalf under Thakral Investments Pty Ltd.

A special crossing of 16 Million shares in THG was transacted today, 13 November 2002, at a reported price of 72.5 cents per share.

The Thakral Family advises that this transaction is pursuant to the restructure of the Thakral family’s shareholding in THG. There is no change in control or beneficial ownership of the shares crossed. The price at which the crossing was booked is a theoretical price and is not reflective of market value or of any consideration paid between the Thakral family entities participating in the transaction.

If you have any queries please do not hesitate to call the undersigned.

Kind regards,
Yours sincerely


Jaginder Singh Pasricha

Direct Line: (61 3) 9642 1985
Email: jaginder@pasrichapartners.com.au


CC: Mr John Hudson
Executive Director,
Thakral Holdings Limited

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