WAN Proposal to acquire
Seven Media Group

On 21 February 2011 WAN announced that it had agreed to acquire Seven Media Group (SMG).

The acquisition will create Australia's leading national multi-platform media business.

WAN is seeking to raise $653 million through a fully underwritten accelerated non-renounceable Entitlement Offer of Convertible Unsecured Loan Securities (CULS) and $40 million through a fully underwritten Public Offer.

For information on the proposed transaction, the Entitlement Offer and the Public Offer, please confirm you are either a resident of Australia or New Zealand.