Commencement of On-Market Buy-back

Commencement of On-Market Buy-back

27-Mar-2008

Further to the ASX Appendix 3C Announcement of Buy-back concerning 10 million THG stapled securities released on 11 March 2008, THG confirms that it is in compliance with all Corporations Act requirements in relation to this buy-back, including the conditions of ASIC Class Order 07/422 in respect of the Thakral Holdings Trust.

THG notes that THG Directors and entities they control do not intend to participate in the buy-back.

THG has appointed UBS AG, Australia Branch to act on THG's behalf in relation to the buy-back.

The buy-back will commence on 28 March 2008.

Please provide us with your confirmation of release announcement.

Yours faithfully

 
Andrew Horne
Group Company Secretary

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