News: GXL Greencross comments on media article

Jan 27 (Reuters) - Greencross Ltd (GXL) :

• Notes the article in the afr today indicating that TPG had made an indicative proposal to acquire all the shares that it did not already own at $6.45 per share
• Non- binding indicative proposal was highly conditional and at a price which fundamentally undervalues Greencross."
• Greencross has also received highly conditional, indicative, proposals and expressions of interest from other parties.
• The board of Greencross has not pursued these proposals
• Has not previously disclosed these confidential approaches, including the TPG indicative proposal, given their highly conditional and confidential terms