MBF reviews structure to support strategy of growth and diversification

Release date: July 5th, 2007

THE Board of MBF Australia Limited ("MBF") has been considering for some time the structure of MBF in light of its business strategy of growth and diversification.

Currently, the preferred option under consideration is a demutualisation and listing of MBF.

However, the Board has received approaches from other parties and in the interests of members believes that these approaches need to be considered.

Among them has been an expression of interest from another industry participant and several approaches from private equity firms.

While not a public company, the Board and management support a policy of disclosure.

As these issues develop, MBF will make further statements as appropriate. Due to both the status of the approaches and confidentiality agreements, MBF will not provide further information at this stage.