Withdraws from proposed eisa investment

Document date:  Thu 01 Jun 2000
Published:  Thu 01 Jun 2000 16:42:52
Document No:  162762
Document part:  A
Market Flag:  Y
Classification:  

AUSTRALIA & NEW ZEALAND BANKING GROUP LI      2000-06-01  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
ANZ today announced it would not be proceeding with its investment in
eisa, following the announcement that eisa's planned acquisition of
Ozemail would not occur.

ANZ Head of Corporate Financial Services, Mr Roger Davis said it was
disappointing that eisa was unable to complete the deal with Ozemail,
however it was no longer in the interests of shareholders for ANZ to
proceed with the investment in eisa.

"ANZ will continue to pursue e-Commerce opportunities that contribute
to our strategy of swiftly building a leading e-Commerce presence and
that add value for our shareholders," he said.

For media enquiries, contact:

Michelle Gibbings 
MEDIA RELATIONS MANAGER 
Tel: 03-9273 6190 or 0409-656 551 
Email: gibbingm@anz.com