rejects glencore application

Centennial Rejects Glencore Application
to Takeovers Panel
Centennial Coal Company Limited (ASX: CEY) (Centennial) notes the
Takeover Panel media release dated 12 May 2005 reporting on the application
of the same date from Glencore International AG and Fornax Investments Ltd
(together Glencore) in relation to the affairs of Austral Coal Ltd (ASX: AUO)
(Austral) and the scrip takeover offer for Austral by Centennial.
Centennial rejects the Glencore application.
Further announcements will be made as and when appropriate.