Retail Entitlement Offer - Documents Mailed to ... - AWB Limited

Corporate initiatives – Commodities Management• In preliminary discussions with a global commoditiescompany regarding a proposal involving– Sale of AWB Geneva– Partnering of Australian Commodities ManagementAustralia &International• Proposal would enhance competitive position ofCommodities Management within deregulated environmentand improve value proposition for customers• Party is an experienced player with complementarycapability and significant resources• Partnership will be a platform for further growth• Both businesses have solid track record and if a sufficientlyattractive transaction is not agreed, AWB will continue toretain and enhance these two strong operations• Brazil wind-down process well progressed. India retained asmarketing office to facilitate trade for Australia and GenevaNot for distribution or release in the United States or to U.S. persons20 23 September 2009Corporate initiatives – LandmarkFinancialServices• Ongoing evaluation of alternative funding models• Active discussions continuing• Aiming to conclude an outcome within first half of FY10• Business conditions and pricing environment remainchallengingSale of Hi-Fert• Strong expressions of interest received for sale of joint ventureinterest in Hi-Fert• Process expected to conclude during CY09• If Hi-Fert interest is sold, proceeds likely to be used to reducedebtNot for distribution or release in the United States or to U.S. persons21 23 September 200935