| ||ASX Statement|| ||
In response to an article in today’s Australian Financial Review (Page 17, 22/11/01) AWB Limited has issued the following statement.
AWB Limited has a business model based on five core business streams with clear growth strategies for the future. The outlook for the company is positive. The company has in place processes and arrangements to ensure good Corporate Governance.
The AWB Limited Board confirms that its Chairman, Mr Trevor Flugge, has indicated that he will be standing as an A class candidate in the Western Australia election for directors at the 2002 Annual General Meeting (AGM).
On current indications AWB Limited expects its earnings for 2000/2001 to be reasonably consistent with the earnings forecast in the prospectus issued 6th July 2001. The prospectus forecast a profit after tax result of $79.4 million. AWB Limited’s full year results will be announced on Wednesday 28th November 2001.
Managing Director and Chief Executive