WOOLWORTHS GROUP LIMITED — M&A Activity 2008

Jun 3, 2008

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A.C.C.C. CALLS FOR COMMENT ON THE PROPOSED ACQUISITION OF THE KARABAR SUPABARN SUPERMARKET BY WOOLWORTHS

The Australian Competition and Consumer Commission today issued a Statement of Issues on the proposed acquisition of the Karabar Supabarn supermarket by Woolworths Limited.

The Statement of Issues seeks further information on certain competition issues which have arisen from the ACCC's market inquiries.

The ACCC invites further submissions from the market focused on these matters by 12 June 2008. Submissions can be sent by email to the ACCC at: mergers@accc.gov.au. To allow for submissions in response to the Statement of Issues, the ACCC's final decision date will be deferred until 25 June 2008.

The Statement of Issues will be available on the ACCC's website, www.accc.gov.au, under Mergers in the For businesses section.

Media inquiries

Mr Graeme Samuel, Chairman, (02) 6243 1131 or mobile/pager 0408 335 555 Dr Stephen King, Commissioner, (02) 6243 1178 or 0439 988 901 Ms Lin Enright, Director, Media Unit, (02) 6243 1108 or 0414 613 520 General inquiries Infocentre: 1300 302 502 NR 153/08 4 June 2008