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Warner Bros & VRL commence compulsory acq of units in SWD

Document date:  Thu 07 Feb 2002
Published:  Mon 11 Feb 2002 00:00:00
Document No:  145126
Document part:  A
Market Flag:  N
Classification: 

SEA WORLD PROPERTY TRUST                      2002-02-07  ASX-SIGNAL-G

HOMEX - Brisbane                                                      

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WARNER BROS AND VILLAGE ROADSHOW COMMENCE COMPULSORY ACQUISITION OF
UNITS IN SEA WORLD PROPERTY TRUST

Since the announcement made by Warner Sea World Units Pty Ltd and DEG
Holdings Pty Ltd ('Bidders') on 5 February 2002, the Bidders have
processed more acceptances for their bid for the Sea World Property
Trust ('Trust') which closed on 4 February 2002. The Bidders'
entitlement to units in the Trust is now 98.8%.

The Bidders attach a copy of a letter and Australian Securities and
Investments Commission ('ASIC') form 6021 which will be sent to
remaining unit holders tomorrow regarding compulsory acquisition of
units in accordance with Division 1 of Part 6A.1 of the Corporations
Act 2001 ('Corporations Act').

The ASIC form 6021 is attached in accordance with subsection
661B(1)(d) of the Corporations Act and was lodged with ASIC today.

As a technical requirement of subsection 662B(l)(d) of the
Corporations Act, the Bidders also attach a copy of an ASIC form
6022. The ASIC form 6022 will not apply to the acquisition of units
and will not be sent to unit holders as the Bidders are proceeding to
compulsory acquisition of units under Division 1 of Part 6A.1 of the
Corporations Act.

W S Prentice                       P S Leggo 
Warner Sea World Units Pty Ltd     DEG Holdings Pty Ltd

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