🕐12.07.11 - 04:27 Uhr

QMASTOR LIMITED [ASX: QML] - SHAREHOLDERS ADVISED TO TAKE NO ACTION





Fortbridge Media Release

QMASTOR Limited [ASX: QML] - Shareholders advised to take no action

QMASTOR (ASX: QML) is advising its shareholders to take no action in relation to the Offer or any approach or document received from Triple Point Technology (TPT) until they receive the QML Directors� formal recommendation in relation to the Offer.

Key Points:

* QML shareholders advised to take no action in relation to TPT Offer
* TPT Offer significantly undervalues QMASTOR
* QML in discussions with third parties regarding control transactions
* TPT Offer cannot be successful under current terms and shareholders may be locked in the bid should an alternative offer be received by QML

The QML Board also reminds shareholders they may be locked in the TPT bid if they accept into the Offer, should an alternative bid or offer be received by QMASTOR.

On 5 July 2011, the Board of QML advised shareholders that the Company is undertaking discussions with a number of third parties who have expressed interest in exploring control transactions with QMASTOR. QMASTOR will promptly update shareholders on any material developments in those discussions.

Additionally, two major shareholders accounting for more than 10% of the share register have both rejected the takeover offer, effectively preventing TPTs 90% acceptance condition being satisfied on its present terms.

For further information, please contact:

Trent Bagnall � Managing Director
Phone: +61 2 4908 2222
Email:
Web:

For media enquiries:

Fortbridge
Phone: +612 9331 0655
Peter-John Lewis: + 61 (0) 416 290 604

Bill Kemmery: +61 (0) 400 122 449




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