News: SKI Spark Infrastructure Group Receives Conditional And Non-Binding Indicative Proposal

July 15 (Reuters) - Spark Infrastructure Group (SKI) :

• RECEIVES CONDITIONAL AND NON-BINDING INDICATIVE PROPOSAL
• GOT A CONDITIONAL AND NON-BINDING INDICATIVE PROPOSAL FROM ONTARIO TEACHERS' PENSION PLAN BOARD & KKR
• CASH CONSIDERATION OF A$2.70 PER STAPLED SECURITY
• BOARD OF SPARK INFRASTRUCTURE, UNANIMOUSLY CONCLUDED THAT PRICE UNDERVALUED SPARK INFRASTRUCTURE
• CONSORTIUM REVISED PROPOSAL ON SAME BASIS AS INITIAL PROPOSAL, FOR ALL CASH CONSIDERATION OF A$2.80 PER STAPLED SECURITY
• REVISED PROPOSAL IS SUBJECT TO A NUMBER OF PRE-CONDITIONS
• OFFER PRICE NOT AT LEVEL AT WHICH CO PREPARED TO GRANT ACCESS TO DUE DILIGENCE
• FOR REVISED PROPOSAL, BOARD PREPARED TO PROVIDE LIMITED INFO ON BUSINESS/PROSPECTS
• ENGAGEMENT AFTER REVISED PROPOSAL HAS NOT YET OCCURRED & CONDITIONAL ON SIGNING OF CONFIDENTIALITY AGREEMENT