You have got to be kidding ! what a Joke.8 August 2007Australian...

You have got to be kidding ! what a Joke.

8 August 2007
Australian Stock Exchange Limited
Companies Announcement Office
Electronic Lodgement System
TERMINATION OF AGREEMENT FOR THE
ACQUISITION OF HONEYCOMBES PROPERTY GROUP
On 6 August 2007, Eumundi Group Limited (Eumundi) announced that it had entered
an agreement to acquire a 97% interest in Honeycombes Property Group (HPG)
(Proposed Transaction).
Monday, Eumundi requested a trading halt to have the opportunity to obtain and
provide additional information to the market with respect to the Proposed
Transaction.
As a result of further information provided to Eumundi since the trading halt was
requested, the Acquisition Implementation Agreement entered with respect to the
Proposed Transaction has been terminated by Eumundi.
Eumundi and HPG will undertake discussions to determine whether they will continue
to negotiate with respect to the entering of a new agreement for the acquisition by
Eumundi of a controlling interest in HPG. The Board anticipates these discussions
may take some time. If a new transaction arises from these discussions or the
discussions are terminated, Eumundi will inform the market immediately.
Yours faithfully
Joe Ganim
Chairman
Eumundi Group Limited