OPTUS-NOMINATED REPRESENTATIVES JOIN UECOMM BOARD OF DIRECTORS

Optus-nominated representatives have joined the Uecomm Board of Directors.

Alinta representatives on the Board resigned last week and have been replaced by Patrick O'Sullivan (Optus CFO), Allen Lew (Optus Mobile Managing Director), Warren Hardy (Optus Wholesale Managing Director) and Bill Hope (Optus Networks Managing Director).

Optus is pleased with the rate of acceptances to date and currently owns over 83 per cent of Uecomm.

Optus expects to reach 90 per cent and move to compulsorily acquire the remaining shareholding within the next few weeks.

The offer is scheduled to close on 3 August 2004 at 7pm.

For more media information:
Melissa Favero
Optus Corporate Affairs
Tel: (02) 9342 5030