BLU 2.17% 4.5¢ blue energy limited.

mcu not to proceed with merger talks

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    Mitchell Communication Group
    105 York Street South Melbourne Vic 3205
    Phone. +61 3 9690 5544 Fax. +61 3 9690 9318 www.mitchells.com.au
    ABN: 59 088 110 141
    4 March 2008
    ASX Announcement
    Mitchell Communication Group Limited – BlueFreeway Limited
    Mitchell Communication Group Limited (“MCU”) has noted recent announcements by
    BlueFreeway Limited (“BLU”) concerning preliminary, indicative, non-binding
    discussions regarding a potential merger transaction and associated recent media
    speculation.
    MCU continually evaluates strategic initiatives to create shareholder value.
    Consistent with this, we confirm that such initial indicative discussions regarding a
    potential merger between MCU and BLU have been held. These discussions have
    been preliminary and incomplete and no formal agreement has been reached.
    However, given the recent announcements of BLU, MCU has informed BLU this
    afternoon that it has decided not to proceed with further discussions at this time.
    For further details please contact:
    Stuart Mitchell Luke Littlefield
    Chief Executive Officer Chief Operating Officer
    Mitchell Communication Group Mitchell Communication Group
    (03) 9690 5544 (03) 9690 5544
 
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