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Dated 30 March 2000
OFFER TO ACQUIRE SHARES
By
SATURN COMMUNICATIONS LIMITED
("Company")
To
TELSTRA HOLDINGS PTY LIMITED
("THPL")
Mallesons Xxxxxxx Xxxxxx
Solicitors
Governor Xxxxxxx Xxxxx
0 Xxxxxx Xxxxx
Xxxxxx XXX 0000
Telephone (00 0) 0000 0000
Fax (00 0) 0000 0000
DX 000 Xxxxxx
Ref: RGP/JCK
Offer to Acquire Shares
Date: 30 March 2000
Offer: By
SATURN COMMUNICATIONS LIMITED of 00 Xxx Xxxxxxxxx, Xxxxxx,
Xxx Xxxxxxx ("Company")
To
TELSTRA HOLDINGS PTY LIMITED (ACN 057 808 938) of 000
Xxxxxxxxx Xxxxxx, Xxxxxx XXX ("THPL")
Recitals:
A. TNZ is a wholly owned subsidiary of THPL.
B. The Company offers to acquire the TNZ Shares from THPL in
consideration for the issue of the Company Shares on the
terms and conditions of the Merger Agreement between THPL
and the Company dated on or about the date of this offer
("Merger Agreement").
Operative provisions:
1 Interpretation
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1.1 Unless the contrary intention appears, words in this offer have the
meaning given to them in the Merger Agreement.
1.2 In this offer, unless the contrary intention appears:
(a) a reference to this offer or another instrument includes any
variation or replacement of either of them;
(b) a reference to a clause or schedule is a reference to a clause of
or schedule to this offer and references to this offer include
any recital or schedule;
(c) the singular includes the plural and vice versa.
1.3 Headings are inserted for convenience and do not affect the
interpretation of this agreement.
2 Particulars of Offer
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2.1 The Company offers to acquire the TNZ Shares in consideration for the
issue to THPL of the Company Shares on the terms and conditions set
out in the Merger Agreement.
3 Acceptance of Offer
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3.1 This offer may only be accepted by THPL by signing this offer.
3.2 The agreement formed upon acceptance of this offer shall be governed
by the terms and conditions set out in the Merger Agreement.
EXECUTED as an offer
SIGNED by )
as authorised representative for TELSTRA )
HOLDINGS PTY LIMITED (ACN 057 808 938) )
in the presence of: )
)
/s/ Xxxxx Xxxxxx )
................................................ )
Signature of witness )
)
Xxxxx Xxxxxx )
................................................ )
Name of witness (block letters) )
)
1/138 Hastings PDE, Bondi ) /s/ Xxxxxxx Xxxxxxx
................................................ ) ...............................................
Address of witness ) By executing this agreement the signatory
) warrants that the signatory is duly authorised
Lawyer ) to execute this agreement on behalf of TELSTRA
................................................ ) HOLDINGS PTY LIMITED.
Occupation of witness )
)
SIGNED by )
as authorised representative for SATURN )
COMMUNICATIONS LIMITED in the )
presence of: )
)
/s/ Xxxx Xxxxxxx Xxxxx )
................................................ )
Signature of witness )
)
Xxxx Xxxxxxx Xxxxx )
................................................ )
Name of witness (block letters) ) /s/ Xxxx Xxxxxxxx
) ...............................................
00 Xxxxxxx Xxx., Xxxxxxx, Xxxxxxxxxx ) By executing this agreement the signatory
................................................ ) warrants that the signatory is duly authorised
Address of witness ) to execute this agreement on behalf of SATURN
) COMMUNICATIONS LIMITED.
Tel Co Manager )
................................................ )
Occupation of witness )
