Thursday 9 November 2006 LAWFUEL – Legal News, Legal Jobs Network – …

Thursday 9 November 2006 LAWFUEL - Legal News, Legal Jobs Network - The Australian Securities and Investments Commission (ASIC) has appointed Goldman Sachs JBWere as the seller of approximately 5.11 per cent of Orion Telecommunications Limited (Orion) ordinary shares vested in ASIC. This follows a decision by the Takeovers Panel to make orders vesting 4,154,497 Orion shares in ASIC. Further details about this decision and how the shares are to be sold can be found in the Takeovers Panel’s orders at Annexure B to the Panel’s media release no TP06/79. The Takeovers Panel made the orders after making a declaration of unacceptable circumstances in relation to the acquisition of shares in Orion by TelEurope Ltd and various associates and Lewis Securities Ltd and various associates. For further information about the sale process, contact Mr Andrew Rennie, Goldman Sachs JBWere, on (02) 9321 8751. For further information contact: Emma Forehan ASIC Media Unit Telephone: 03 9280 3354 Mobile: 0409 702 310 Page 1 of 1

Thursday 9 November 2006 LAWFUEL – Legal News, Legal Jobs Network – …

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