Stock Exchange Announcement
30 April 2008
BG Group Proposal to Acquire Origin Energy
BG Group plc (“BG Group”), a global integrated gas major, has approached Origin Energy Limited (“Origin”), Australia’s largest integrated energy company, with a proposal to acquire all of the shares in Origin at a cash price of A$14.70 per share.
The proposal is subject to shareholder and regulatory approvals and other terms and conditions common to transactions of this type.
Origin has not yet considered the proposal. Discussions between the parties will take place and shareholders will be advised of the outcome.
BG Group advises that it intends that its cash requirement for the proposal will be met from existing cash reserves and debt financing provided by a syndicate of banks.
There are matters discussed in this media information that are forward looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to the Company’s annual report and accounts for the year ended 31 December 2007. The Company does not undertake any obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
Notes to Editors:
BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategy focused on connecting competitively-priced resources to specific, high-value markets. Active in 27 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves.
BG Group is being advised by Goldman Sachs International and Gresham Advisory Partners.
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