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Optus begins compulsory acquisition of Uecomm
TAKEOVER BID BY OPTUS FOR UECOMM
ANNOUNCEMENT PURSUANT TO ASX LISTING RULE 3.3
In accordance with Australian Stock Exchange Listing Rule 3.3, Singapore Telecommunications Limited (ASX Code: SGT) advises the following in relation to the off-market takeover bid (Bid) by SingTel Optus Pty Limited, through its wholly owned subsidiary, Optus Networks Pty Limited (Optus), for all of the ordinary shares in Uecomm Limited (Uecomm):
1. the offer period in respect of the offers dated 2 July 2004 under the Bid ended at 7.00pm Sydney, Australia time on 3 August 2004;
2. at the end of the offer period under the Bid, Optus and its associates had a relevant interest in 94.02% of the ordinary shares in Uecomm; and
3. Optus will be proceeding with the compulsory acquisition of the remaining ordinary shares in Uecomm.
