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AGL lodges scheme booklet with ASIC

10 August 2006

The Australian Gas Light Company (AGL) has lodged with the Australian Securities and Investments Commission (ASIC) the draft Scheme Booklet relating to its Scheme of Arrangement to create AGL Energy and merge AGL’s infrastructure assets and services business with that of Alinta Limited.

Once the AGL Scheme Booklet is reviewed by ASIC and approved by the Federal Court of Australia, expected to be in late August, it will be released publicly and subsequently sent to AGL Shareholders. Dispatch of the Scheme Booklet is anticipated to commence in the first week of September, with AGL holding a Shareholder Meeting in early October 2006 to vote on the recommended proposal.

At the completion of this transaction AGL will have achieved the benefits of its original demerger proposal by:

  • will include AGL's current energy assets and an initial 33 per cent interest (with an option to move to 100 per cent over 5 years) in Alinta's Western Australia retail and cogeneration business.
  • AGL Shareholders owning around 46 per cent of the new Alinta through the merger of AGL’s infrastructure assets and services businesses with those of Alinta.

Further enquiries:

Media
Contact: Jane Counsel, Media Relations Manager
Direct: + 61 2 9921 2352
Mobile: + 61 (0) 416 275 273
E-mail: jcounsel@agl.com.au

Sue Cato, Cato Counsel
Mobile: 0419 282 319

Investors & Analysts
Contact: Graeme Thompson, Head of Investor Relations
Direct: + 61 2 9921 2789
Mobile: + 61 (0) 412 020 711
Email: gthompson@agl.com.au

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