News: GNX Genex Power Receives Non-Binding, Indicative And Conditional Proposal From J-Power

March 4 (Reuters) - Genex Power Ltd (GNX) :

• GENEX RECEIVES NON-BINDING, INDICATIVE AND CONDITIONAL PROPOSAL FROM J-POWER
• SCHEME OF ARRANGEMENT FOR A$0.275 IN CASH PER GENEX SHARE
• RECEIVED A NON-BINDING, INDICATIVE AND CONDITIONAL PROPOSAL FROM ELECTRIC POWER DEVELOPMENT CO
• PROPOSAL TO ACQUIRE ALL ORDINARY SHARES ON ISSUE IN GENEX POWER THAT J-POWER AND ITS ASSOCIATES DO NOT ALREADY OWN
• GENEX IBC UNANIMOUSLY DETERMINED THAT IT IS IN BEST INTERESTS OF GENEX SHAREHOLDERS TO PROGRESS INDICATIVE PROPOSAL

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