23 March 2005

Foster's offer for Southcorp extended

Foster’s Group Limited (Foster’s) today announced the extension by a further 14 days of the takeover bid by Beringer Blass Wines Pty Ltd (a wholly owned subsidiary of Foster’s) for Southcorp Limited (Southcorp) contained in the bidder’s statement dated 18 January 2005.

The offer is now scheduled to close at 5:00pmMelbournetime on Thursday 14 April 2005. A copy of the Notice of extension of the Offer Period and a covering letter to Southcorp shareholders from the Chairman of Foster’s is attached.

Further information:

Media
Lisa Keenan
Director - External Communications
Tel: +61 3 9633 2265
Mob: 0409 150 771

Investors
Chris Knorr
Vice President - Investor Relations
Tel: +61 3 9633 2685
Mob: 0417 033 623



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