Ann: AGL Energy Withdraws Demerger Proposal, page-190

I advocated a few weeks ago that shareholders should vote against the Board's demerger proposal.

Thought I'd pop back in and read some of the commentary following yesterday's announcement.

I'd have to say that the level of the discussion hasn't improved and it was nice to see the comments from
Leroy who actually added some informed perspective to what has happened and what is in the future.

Some of you must have discovered a new word - "woke". It was used extensively by the climate denying National Party
members who wanted to mindlessly slag their political opponents. CbrMaroon uses it in every post - most of what he/she says
is nonsense.

I came into AGL at $5.80 just before Xmas with my 20,000 share purchase. A couple of my family members did likewise and we are all very happy that MCB came along and kicked the share price to $8.25. And what's even better is that the market thinks it is worth more that that today as a single entity. I think it is too and I think under proper management and sensible leadership it will be a cracker investment in my portfolio

Just a few points:

1. The current Board has driven the share price from $20 plus to $5 with their inaction and woeful management. Their sudden
"genius" plan is ridiculous. They haven't provided any information that demonstrates that their "plan" will create value for shareholders
like you and me.
2. And really what's totally outrageous is that they have spent $160,000,000 on the stupid plan that has been tossed in the
bin where it belongs. Some of their mates will be upset about losing their cushy appointments to "Accel" that was still born without a vote at the AGM. BTW that was our money that could have been paid out in dividends.
3. AGL has 4 million plus customers who just want to turn on the switch and make the toaster work in an affordable manner. They still want to
do that today and will tomorrow. So the huge opportunity in front of AGL is to continue to allow them to turn on the switch to drive the toaster with
renewables. AGL's customer base is hugely valuable. And BTW one of the biggest - Tomago - wants renewable electrons to run its operations
4. The driver of this development is MCB. He is already hugely successful and is committed to reducing Australia's emissions. He has aimed
at the no 1 emitter in AGL and that's a pretty good start.
5. I hope that AGL returns to $20 because it will sit in my portfolio as a very successful investment. If is taken over before then I'll pocket a very nice
capital gain

Best to all