The new 'scheme of arrangement' is now effective. Prior to this...

The new 'scheme of arrangement' is now effective. Prior to this MIG was a Triple Stapled Security....
(1) I unit in MIT1
(2) I unit in MIT 2
(3) 1 CUF over MEIP

Now

(1) I unit in MIT1
(2) I unit in MIT 2
(3) 1 CUF over MIBL

CUF...Chess Units of Foreign Securities
MIBL is a Bermuda Company and ASX rules do not allow direct ownership of shares and is done through the CUF arrangement

The tranfer of funds through the reduction of the share premium account at MEIP is still to done...Jan 18....and then the road is clear for 13.75c distribution in Jun 2005