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Bendigo Bank continuing to review options

13 April 2007 |Media centre

The Board of Bendigo Bank is continuing the review of options available to the Bank following the receipt of Bank of Queensland’s conditional proposal.

The review of options includes engaging with Bank of Queensland to further understand its proposal.

Bank of Queensland presented its proposal to some members of the Bendigo Bank Board and management team today. Bendigo Bank expects to receive further information from Bank of Queensland next week.

The Board remains committed to the Bank’s business model and has sought feedback from stakeholders, including shareholders, customers, staff and communities – all of whom contribute to the creation of shareholder value.

The selection of a preferred course of action will be based on an assessment of what is in the best interest of shareholders. No decisions have been reached as to the preferred course of action.

The Board is meeting regularly to assess the options available and will keep shareholders and stakeholders informed of material developments.

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