COMPANY ANNOUNCEMENT / MEDIA RELEASEThursday, 11 September...

COMPANY ANNOUNCEMENT / MEDIA RELEASE
Thursday, 11 September 2003
Great Southern Plantations to raise up to $55 million
through issue of reset convertible notes
Great Southern Plantations (ASX code: GTP) is pleased to announce that it intends to raise up to
$55 million through the issue of Transferable REset Exchangeable Securities (“TREES”), to
provide additional working capital, predominantly for the acquisition of further land for lease under
its managed investment scheme projects, as well as funding for port infrastructure and new
product development.
The offer will be made under a prospectus through a fully underwritten issue of 500,000 TREES
to raise $50 million, with the capacity to accept oversubscriptions to raise an additional $5 million,
subject to shareholder approval.
TREES are a perpetual, subordinated reset convertible note that may be converted into Ordinary
Shares upon the occurrence of certain events which will be described in the Terms of Issue. The
TREES are expected to pay a fully franked Coupon yield at the higher of 6% per annum or 0.5%
above the 5 year Swap Rate prevailing on the Issue Date, until the first reset date on 31 October
2008. TREES Holders will also participate in any increase in the Great Southern Ordinary Share
price above $1.95 by virtue of a Minimum Conversion Number.
The detailed terms of issue of the TREES, which will be incorporated into the prospectus, are
attached.
The prospectus relating to this issue is expected to be lodged with the Australian Securities and
Investments Commission later today. A copy will be released to the ASX at the same time as it is
lodged with ASIC, and will contain full details of the offer, the detailed terms of the security and
further information in respect of the intended use of funds.
Investors who wish to apply to take part in the offer will need to complete the application form that
will be in or will accompany the prospectus.
For further information please call:
Cameron Rhodes
Executive Director
Ph (08) 9320 9700; 0438 901 804
David Ikin
Marketing & PR Manager
Ph (08) 9320 9700; 0408 438 772