Publishing and Broadcasting Limited, in the matter of Publishing and Broadcasting Limited (No 2) [2007] FCA 1944

FEDERAL COURT OF AUSTRALIA

Publishing and Broadcasting Limited, in the matter of Publishing and Broadcasting Limited (No 2) [2007] FCA 1944 CORPORATIONS – schemes of arrangement – applications by two corporations for orders under s 411 of the Corporations Act 2001 (Cth) confirming schemes of arrangement – ultimate objective of demerging media and gaming businesses carried on by one company into media business to be carried on by it and gaming business to be carried on by the other company (recently formed for the purpose) – directions for convening of meetings previously made – schemes supported by majorities required by s 411(4)(a)(ii) of the Act. Held: orders made confirming the two schemes.

Corporations Act 2001 (Cth) s 411

PUBLISHING AND BROADCASTING LIMITED (ABN 52 009 071 167)

NSD 1447 of 2007 CROWN LIMITED (ABN 39 125 709 953) NSD 1448 of 2007

LINDGREN J

7 DECEMBER 2007

SYDNEY in the federal court of australia NSD 1447 OF 2007

NEW SOUTH WALES DISTRICT REGISTRY

IN THE MATTER OF PUBLISHING AND BROADCASTING LIMITED (ABN 52 009 071 167) PUBLISHING AND BROADCASTING LIMITED

(ABN 52 009 071 167)

Plaintiff

JUDGE: LINDGREN J DATE OF ORDER: 28 NOVEMBER 2007

WHERE MADE: SYDNEY

THE COURT ORDERS THAT:

1. Pursuant to s 411(4)(b) of the Corporations Act 2001 (Cth) (the Act), the scheme of arrangement between Publishing and Broadcasting Limited (ABN 52 009 071 167) (PBL) and its shareholders, as attached and marked 'A', be approved. 2. Pursuant to s 411(12) of the Act, PBL be exempted from compliance with the requirements of s 411(11) of the Act. 3. These orders be entered forthwith. Note: Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules.

in the federal court of australia NSD 1448 OF 2007