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

Section 1 - Overview of the Equity Raising (continued)1.4 Ranking of New SharesNew Shares will be issued on a fully paid basis and will rank equally with Existing Shares.1.5 ReconciliationAs in any entitlement offer, Shareholders may believe that they own more Existing Shares on the Record Date than theyultimately do. This may result in a need for reconciliation to ensure all Eligible Shareholders have the opportunity to receivetheir full Entitlement. If reconciliation is required, it is possible that AWB may need to issue a small quantity of additionalNew Shares (Top-Up Shares) to ensure all Eligible Institutional Shareholders and Eligible Retail Shareholders have theopportunity to receive their full Entitlement. The price at which these Top-Up Shares will be issued will be the same as theIssue Price.AWB also reserves the right to reduce the number of New Shares allocated to Eligible Shareholders (or persons claimingto be Eligible Shareholders), if their Entitlement claims prove to be overstated, or if they or their nominees fail to provideinformation requested to substantiate their Entitlement claims, or if they are indeed not Eligible Shareholders.1.6 Quotation and tradingAWB will apply to ASX for the official quotation of the New Shares in accordance with ASX Listing Rule requirements.Subject to approval being granted, it is expected that normal trading of New Shares allotted under the Retail EntitlementOffer will commence on Monday, 2 November 2009.1.7 Confirmation StatementsConfirmations are expected to be dispatched to Eligible Retail Shareholders on Tuesday, 3 November 2009 in respect of NewShares allotted under the Retail Entitlement Offer.It is the responsibility of each applicant to confirm their holding before trading in New Shares. Any applicant who sellsNew Shares before receiving written confirmation of their holding will do so at their own risk. AWB and the Lead Managersdisclaim all liability whether in negligence or otherwise (and to the maximum extent permitted by law) to persons who tradeNew Shares before receiving their confirmations, whether on the basis of confirmation of the allocation provided by AWB,the Registry, Orient Capital or the Lead Managers.1.8 Withdrawal of the Entitlement OfferAWB reserves the right to withdraw the Entitlement Offer at any time before the issue of New Shares, in which case AWB willrefund any Application Monies already received in accordance with the Corporations Act and will do so without interest.1.9 Allocation policyAll Eligible Retail Shareholders will be allocated New Shares applied for up to their Entitlement. Please note that New Sharesin excess of Entitlements will only be issued to Eligible Retail Shareholders if (and to the extent that) the Lead Managers inconsultation with AWB so determine having regard to circumstances as at the time of the close of the Retail Entitlement Offer.The issue of any New Shares in excess of Entitlements will be limited to the extent that there are sufficient New Shares fromEligible Retail Shareholders who do not take up their full Entitlements. The Lead Managers in consultation with AWB mayapply any scale-back (in their absolute discretion).8