3 April 2008 Ms Kate Kidson Principal Adviser, Issuers (Melbourne) Australian Stock Exchange Limited Rialto South Tower 525 Collins Street MELBOURNE VIC 3000 Dear Kate Centro Properties Group: Your Letter Dated 3 April 2008 Thank you for your letter. Our responses to the questions raised are set out below: 1. Is the Group aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Group? In answering this question please address the article on page 54 of the Australian Financial Review today. No. In regards to the article on page 54 of the Australian Financial Review today, as previously announced, Centro Properties Group is in discussions with a number of parties and lender groups in relation to the recapitalisation process. Those discussions remain incomplete. At this time, there is no certainty or assurance that these discussions will lead to a transaction, what form such transaction may take, or what value might arise out of a transaction, if any. 2. If the answer to question 1 is yes, can an announcement be made immediately? If not, why not and when is it expected that an announcement will be made? Not applicable. 3. Is there any other explanation that the Group may have for the price change and increase in volume in the securities of the Group? No. 4. Please confirm that the Group is in compliance with the listing rules and, in particular, listing rule 3.1. The Group confirms that it is in compliance with the listing rules and in particular listing rule 3.1. Yours faithfully, Elizabeth Hourigan Company Secretary S:\MELBOURNE COMPANIES\MEL-Code C-D\CNP\cnp2008.04.03pq-kk.doc Page 1 of 2 3 April 2008 Elizabeth Hourigan Centro Properties Group Corporate Office - Level 3 The Glen Shopping Centre 235 Springvale Road GLEN WAVERLEY VIC 3150 By email only Dear Elizabeth Centro Properties Group (the “Group”) RE: PRICE QUERY We have noted a change in the price of the Group’s securities from 29.5 cents at the close of trading yesterday to a high of 65 cents today. We have also noted an increase in the volume of trading in the securities over this period. In light of the price change and increase in volume, please respond to each of the following questions. 1. Is the Group aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Group? In answering this question please address the article on page 54 of the Australian Financial Review today. 2. If the answer to question 1 is yes, can an announcement be made immediately? If not, why not and when is it expected that an announcement will be made? 3. Is there any other explanation that the Group may have for the price change and increase in volume in the securities of the Group? 4. Please confirm that the Group is in compliance with the listing rules and, in particular, listing rule 3.1. Your response should be sent to me by e-mail at [email protected] or by facsimile on facsimile number 03 9614 0303. It should not be sent to the Company Announcements Office. ASX Limited ABN 98 008 624 691 Level 45 South Tower Stock Exchange Centre 525 Collins Street Melbourne VIC 3000 GPO Box 1784Q Melbourne VIC 3001 Telephone 61 (03) 9617 7831 Facsimile 61 03 9614 0303 Internet http://www.asx.com.au S:\MELBOURNE COMPANIES\MEL-Code C-D\CNP\cnp2008.04.03pq-kk.doc Page 2 of 2 Unless the information is required immediately under listing rule 3.1, a response is requested as soon as possible and, in any event, not later than half an hour before the start of trading (ie before 9.30 a.m. EDST) on Friday, 4 April 2008). Under listing rule 18.7A, a copy of this query and your response will be released to the market, so your response should be in a suitable form and separately address each of the questions asked. If you have any queries or concerns, please contact me immediately. Listing rule 3.1 Listing rule 3.1 requires an entity to give ASX immediately any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity’s securities. The exceptions to this requirement are set out in listing rule 3.1A. In responding to this letter you should consult listing rule 3.1 and Guidance Note 8 – Continuous Disclosure: listing rule 3.1. If the information requested by this letter is information required to be given to ASX under listing rule 3.1 your obligation is to disclose the information immediately. Your responsibility under listing rule 3.1 is not confined to, or necessarily satisfied by, answering the questions set out in this letter. If you have any queries regarding any of the above, please let me know. Yours sincerely, Sent by electronic means without signature Kate Kidson Principal Adviser, Issuers
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
