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ANZ shareholding in St George

Document date:  Tue 30 Nov 1999
Published:  Tue 30 Nov 1999 00:00:00
Document No:  155755
Document part:  A
Market Flag:  N
Classification: 

HOMEX - Melbourne                                                     

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Following today's announcement by St George Bank Limited, ANZ
confirmed it has acquired a 4.9% shareholding in St George.

ANZ Chief Executive Officer, Mr John McFarlane, said ANZ's
shareholding was a strategic investment made in the knowledge of the
restrictions in St George's articles of association.

"The investment increases ANZ's strategic option, should there be
consolidation in the financial services industry," Mr McFarlane said.

"Out of courtesy, I met with St George Chairman, Mr Frank Conroy, and
Chief Executive, Mr Ed O'Neal, to advise them personally of our
investment," he said.

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Paul Edwards 
HEAD OF GROUP MEDIA RELATIONS 
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