Offeror(s): AQL Holdings Limited

Independent Adviser(s): Deloitte Touche Tohmatsu

Company Meeting Date: 31/08/2001

On 6 June 2001, AQL Holdings Limited (“AQL”) advised that it had signed a conditional agreement to acquire 100% of the capital in Organic Interceptor Products Limited (“OIP”).


AQL would acquire the OIP shares for NZ$5,150,000. The consideration would be satisfied by the issue of the OIP shares at $0.25 cents per share and $275,000 in cash.


On 31 August 2001, AQL’s shareholders approved the acquisition of OIP.