Takeover at 41 cents. Keep loosing all my second liners through...

Takeover at 41 cents.
Keep loosing all my second liners through takeovers.

7 December 2007
HOSTWORKS RECOMMENDS PROPOSAL FROM BROADCAST AUSTRALIA TO
ACQUIRE ALL SHARES IN HOSTWORKS FOR $0.41 CASH PER SHARE
Hostworks Group Limited (“Hostworks”) has today entered into an agreement with Broadcast
Australia Pty Limited (“Broadcast Australia”) whereby Broadcast Australia would acquire all of
the shares in Hostworks via a Scheme of Arrangement for $0.41 cash per share.
The Scheme of Arrangement is subject to the approval of Hostworks shareholders at a Scheme
meeting likely to be held in mid February 2008, and the approval of the Court.
The proposed acquisition has the unanimous recommendation of the independent directors of
Hostworks1, who recommend that:
• it is in the best interests of Hostworks shareholders; and
• Hostworks shareholders vote in favour of the proposal at the Scheme meeting,
in both cases in the absence of a superior proposal and subject to confirmation from the
independent expert.
In recommending the $0.41 cash per share offer, the board of Hostworks