News: SYM Superloop Confirms That It Has Completed Its Due Diligence Assessment Of Symbio

Sept 22 (Reuters) - Superloop Ltd (SLC) :

• CONFIRMS THAT IT HAS COMPLETED ITS DUE DILIGENCE ASSESSMENT OF SYMBIO
• ADVISED BOARD OF SYMBIO THAT FINANCIAL TERMS OF ITS PROPOSAL ARE BEST AND FINAL OFFER
• WILL NOT IMPROVE OFFER, IN ABSENCE OF A SUPERIOR PROPOSAL
• BEST AND FINAL OFFER PROPOSES CASH CONSIDERATION OF A$1.425, PLUS 2.14 SUPERLOOP SHARES PER SYMBIO SHARE
• CONFIRMS PROPOSAL IS SUBJECT TO PARTIES ENTERING INTO SCHEME IMPLEMENTATION AGREEMENT ON OR BEFORE 29 SEPT
• CONFIRMS ITS PROPOSAL IS NO LONGER SUBJECT TO DUE DILIGENCE