AGM australian governance & ethical index fund

lion selection limited raises its concerns

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    ASX RELEASE

    11 February 2008

    Market Update – Allegiance Shareholding

    Lion Selection Limited (Lion) notes that Zinifex Limited (Zinifex) has today announced that Lion had accepted Zinifex’s offer for Allegiance Mining NL with respect to 37.9 million shares.

    As Zinifex is aware, Lion has raised concerns regarding the circumstances surrounding the acceptance by it of Zinifex’s offer at 7.00pm on Friday. These concerns will be raised with the Takeovers Panel.
 
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