OPTUS ISSUES BIDDER'S STATEMENT TO ALPHAWEST SHAREHOLDERS

Optus announced today it had commenced despatching the offer documents for its off-market takeover bid for Alphawest Limited to Alphawest shareholders.

Paul O'Sullivan, Optus Chief Executive, said Alphawest was a good strategic fit for Optus and he believed the offer represented excellent value to Alphawest shareholders.

"We look forward to successfully concluding our acquisition of Alphawest," he said.

The Offer is scheduled to close at 7pm Sydney time on 20 October 2005 (unless extended or withdrawn).

Media enquiries:
Luisa Ford
Optus Corporate Affairs
Tel: (02) 9342 5045