PRK - Buys Ansett Handling

On its way to $18.00


PATRICK CORPORATION LIMITED 2002-04-26 ASX-SIGNAL-G

HOMEX - Sydney

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Patrick Corporation advises that its offer for the Ansett
International Cargo Handling Business has been accepted by the Ansett
Administrators.

The purchase is subject to a number of conditions precedent relating
to the acquisition of leases, contract documentation and satisfactory
terms in respect of employees transferring with the business.

The Company is working towards the fulfilment of these conditions
precedent and will make a further announcement at completion of the
transaction.

The purchase price is subject to confidentiality but is not
significant in the context of Patrick's total assets.

W Hara
COMPANY SECRETARY

Media contact:
Felicity Moffatt
0418 677 701