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Foster's has relevant interest in 91% of Southcorp and extends offer to now close on Friday 3 June

Melbourne, 26 May 2005

Foster's Group Limited (Foster's) announces that it has extended its takeover offer for Southcorp Limited (Offer) by 8 days so that the offer will now close at 5pm (Melbourne time) on Friday 3 June 2005.

In accordance with ASX Listing Rule 3.2, Foster's discloses that together with its associates, it had a relevant interest in 18.8% of the shares of Southcorp when its offer was made and as at 3.30pm today had a relevant interest in 91% of the shares of Southcorp. Foster's will disclose the details of its relevant interest in the usual change in substantial holding notice to be released by 9.30am tomorrow morning.

A formal notice extending the offer is attached.

Further information:

Media
Lisa Keenan
Tel: +61 3 9633 2265
Mob: 0409 150 771

Investors
Chris Knorr
Tel: +61 3 9633 2685
Mob: 0417 033 623

PDF file Southcorp Offer Extension Letter (PDF, 157 Kb)