News: EP1 E&P Financial Group Notes 360 Capital Group Not Proceeding With Its Original Proposal

Dec 11 (Reuters) - E&P Financial Group Ltd (EP1) :

• UNSOLICITED OFF-MARKET TAKEOVER BID - TAKE NO ACTION,TGP-EP1.AX
• 360 CAPITAL GROUP NOT PROCEEDING WITH ITS ORIGINAL PROPOSAL AND PROPOSES A NEW OFF-MARKET TAKEOVER BID FOR CO
• EP1 HAS NOT YET RECEIVED A BIDDER'S STATEMENT IN CONNECTION WITH NEW OFFER
• IN INTERIM CO WILL CONTINUE TO OPERATE AND EXECUTE BUSINESS STRATEGY IN ORDINARY COURSE
• SHAREHOLDERS ARE URGED TO TAKE NO ACTION REGARDING NEW OFFER
• NEW OFFER IS UNSOLICITED AND HIGHLY CONDITIONAL
• NEW OFFER FOR $0.30 PER EP1 SHARE PLUS TWO TGP STAPLED SECURITIES FOR EVERY FIVE EP1 SHARES