Market Update

In response to market developments in the US overnight, Bendigo and Adelaide Bank advises the following;

1. Bendigo and Adelaide Bank has no exposure to the Lehman Bros group of companies.
2. Bendigo and Adelaide Bank has no exposure to American International Group (AIG) or any of its subsidiaries.
3. Bendigo and Adelaide Bank has no exposure to the US Federal National Mortgage Association (Fannie Mae), or to the US Federal Home Loan Mortgage Corporation (Freddie Mac).