re: up 12 pc on no news...pre open, page-5

re: wes offer 4.50 1
Joint ASX Announcement
Wesfarmers Announces $700 Million
Recommended Cash Offer For OAMPS
5 September, 2006
Highlights:
􀂃 A conditional cash offer of A$4.50 per share for the entire
issued capital of OAMPS Limited (ACN 006 743 719) valuing
OAMPS equity at A$700 million
􀂃 The Board of OAMPS has unanimously recommended the
Wesfarmers offer in the absence of a superior proposal
􀂃 Wesfarmers has a relevant interest in 9.8% of OAMPS
ordinary shares through a combination of outright
purchases and a pre-bid acceptance agreement
􀂃 The offer represents a 29% premium to the OAMPS volume
weighted average share price for the 90 trading days
preceding this announcement
􀂃 The OAMPS broking business will continue to operate
separately from Wesfarmers’ combined underwriting
businesses to maintain its independence in the market
􀂃 The combined business will provide improved scale and
penetration in specialist insurance areas with various
platforms for growth. The Wesfarmers Insurance Division
will have pro forma 2006 gross sales of A$2.1 billion
􀂃 Wesfarmers’ Bidder's and OAMPS’ Target's Statements are
expected to be lodged shortly and to be dispatched to
OAMPS shareholders in approximately 2-3 weeks, with the
scheduled closing date of the offer expected to be before the
end of October 2006 (unless extended)