News: SYD Sydney Airport Holdings Receives Revised Conditional And Non-Binding Proposal

Aug 16 (Reuters) - Sydney Airport Holdings Pty Ltd (SYD) :

• RECEIVES REVISED CONDITIONAL AND NON-BINDING PROPOSAL
• DEAL FOR INDICATIVE PRICE OF A$8.45 CASH PER STAPLED SECURITY
• REVISED INDICATIVE PROPOSAL ADVISES THAT AUSTRALIANSUPER PTY HAS JOINED CONSORTIUM
• CURRENT ENVIRONMENT DOES NOT CHANGE BOARDS' VIEW OF LONG TERM VALUE
• BOARDS UNANIMOUSLY CONCLUDED THAT REVISED INDICATIVE PROPOSAL CONTINUES TO UNDERVALUE SYDNEY AIRPORT
• UNANIMOUSLY CONCLUDED REVISED INDICATIVE PROPOSAL CONTINUES TO UNDERVALUE SYDNEY AIRPORT AND NOT IN BEST INTERESTS OF SECURITYHOLDERS
• BOARDS ARE OPEN TO ENGAGING WITH SYDNEY AVIATION ALLIANCE SHOULD CONSORTIUM BE PREPARED TO LIFT ITS INDICATIVE PRICE