Departing last hurrah., page-9

It is the booklet not the MIA.

The failed bid has cost MEO $400k allowing for the $400k re-imbursement fee.

The booklet highlights what the board intends to do if the merger fails. That is, seek cash from alternative means which is a lot better than MoG - let's hope that cash source is ENI or Barossa/Caldita JV and not another CR - let's hope...

adl

2.3.7 Transaction and other costs
If the Scheme is implemented, the costs of the transaction payable by MEO is currently expected to be approximately $2.2 million (including GST). This includes financial advisory, legal, accounting, tax and administrative fees, Independent Expert fees, Scheme Booklet design and printing, share registry and other expenses. It does not include transaction costs that may be payable by Neon.
MEO estimates that it will have incurred or committed transaction costs of approximately $0.8 million (including GST) prior to the Scheme Meeting. These costs will be payable regardless of whether or not the Scheme is implemented.
2.4 OTHER RELEVANT CONSIDERATIONS
2.4.1 Implications for MEO if the Scheme is not implemented If the Scheme does not proceed:
i. MEO will remain listed on ASX;
ii. MEO Shareholders will retain their MEO Shares; and
iii. MEO Shareholders will not receive the Scheme Consideration.

If the Scheme does not proceed and no Superior Proposal for MEO is received, MEO will consider alternative strategic options for the Company. MEO Directors consider the Scheme to be the most attractive transaction currently available to MEO and there is no guarantee that any of the other funding initiatives will be successful or be accessible on terms as attractive as the Scheme.

If MEO remains as a standalone entity, it may need to secure additional funding from alternative sources to develop existing assets and take advantage of new business opportunities. In these circumstances, it is expected that MEO will investigate a range of possible transactions with alternative parties to assist with any funding requirements it may have.

See Section 7.3 (Risks to MEO if the Scheme does not proceed) for further details.