GENERAL: GPG: GPG Status of Condition Announcement Tandou Offer

5 Feb 2010 2:39 pm

GPG 05/02/2010 GENERAL

REL: 1439 HRS Guinness Peat Group Plc

GENERAL: GPG: GPG Status of Condition Announcement Tandou Offer

5 February 2010

ASX Limited

Dear Sir/Madam

Off-market proportional takeover bid by GPG (No.4) Pty Limited for Tandou Limited Notice of status of defeating condition

GPG (No.4) Pty Limited (GPG), a wholly-owned subsidiary of Guinness Peat Group (Australia) Pty Limited, has made offers under an off-market takeover bid for up to 50% of the ordinary shares in Tandou Limited (Tandou) held by each shareholder of Tandou (Offer). The Offer will remain open for acceptance until 7.00 pm (Sydney time) on 15 February 2010. We attach, by way of service pursuant to section 630(5)(b) of the Corporations Act 2001 (Cth) (Corporations Act), a notice under section 630(3) in relation to the status of the "no prescribed occurrence" condition contained in section 12.7 of GPG's bidder's statement dated 18 September 2009.

Yours sincerely

Gary H. Weiss Director

GPG (No.4) Pty Limited?ACN 074 562 342 Notice under section 630(3) Corporations Act 2001 (Cth)

Notice of status of condition To: ASX Limited; and Tandou Limited ACN 001 014 562 (Tandou).

GPG (No.4) Pty Limited (GPG) has made offers under an off-market takeover bid for up to 50% of the ordinary shares in Tandou held by each shareholder of Tandou (Offer).

The Offer is contained in GPG's bidder's statement dated 18 September 2009 (Bidder's Statement) and the notices of variation issued by GPG on 29 October 2009, 27 November 2009 and 14 January 2010 under section 650D(1) of the Corporations Act 2001 (Cth) (Corporations Act).

For the purposes of section 630(3) of the Corporations Act, GPG gives notice that: as at the date of this notice: GPG has not freed the Offer from the "no prescribed occurrences condition" contained in section 12.7 of the Bidder's Statement; the "no prescribed occurrences condition" contained in section 12.7 of the Bidder's Statement has not been fulfilled, however, so far as GPG is aware, none of the events stipulated in that condition have occurred; and as at close of business on 4 February 2010, its voting power in Tandou was 20.14%.

Date: 5 February 2010 End CA:00190910 For:GPG Type:GENERAL Time:2010-02-05:14:39:17

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