News: AST AusNet Services Says Co To Engage With APA Following Takeovers Panel Orders

Oct 15 (Reuters) - AusNet Services Ltd (AST) :

• AUSNET TO ENGAGE WITH APA FOLLOWING TAKEOVERS PANEL ORDERS
• INTENDS TO CONTINUE PROVIDING BROOKFIELD WITH DUE DILIGENCE ACCESS IN PARALLEL WITH ANY DUE DILIGENCE ACCESS GRANTED TO APA
• NOTES THERE IS NO CERTAINTY THAT EITHER BROOKFIELD OR APA WILL SUBMIT A BINDING PROPOSAL
• CONFIDENTIALITY DEED WITH BROOKFIELD CONTAINS PROVISION, FOR AUSNET TO REIMBURSE BROOKFIELD'S TRANSACTION COSTS UP TO A$5 MLN CAP
• PROPOSES TO ENGAGE WITH APA FOR ITS PROPOSAL BY GRANTING APA ACCESS TO DUE DILIGENCE SUBJECT TO PARTIES SIGNING CONFIDENTIALITY DEED