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SAX ann: Reponse to SMH Editorial (15/3/01)

Document date:  Thu 15 Mar 2001
Published:  Thu 15 Mar 2001 12:44:22
Document No:  230800
Document part:  A
Market Flag:  N
Classification:  Other

STADIUM AUSTRALIA GROUP                       2001-03-15  ASX-SIGNAL-G

HOMEX - Sydney                                                        

+++++++++++++++++++++++++
Our response has been drawn to an article appearing in this morning's
edition of the Sydney Morning Herald which refers, in part, to
discussions said to be taking place with the ANZ Banking Group and
the State Government. Further, that we and one of our major
investors, Multiplex, had recently asked the Government for more than
$20 million in additional funding.

We confirm that discussions with our principal secured lender, ANZ
Bank, and the NSW State Government, particularly with OCA, have been
held and are ongoing.

As previously advised, we have been holding discussions with the AFL
and the Sydney Swans and confirm that those discussions are
continuing and are expected to be concluded during April 2001.

FOR FURTHER ENQUIRIES, PLEASE CONTACT:

Paul Isherwood 
EXECUTIVE CHAIRMAN 
Stadium Australia Management Limited 
Phone: (02) 8765 2002

G Winberg 
COMPANY SECRETARY