AWB Limited Chairman, Mr Brendan Stewart, said the Board deeply regrets the way in which the company’s wheat trade with Iraq under the United Nations Oil-for-Food program was conducted.

Mr Stewart said the Board of Directors have not had access to the Oil for Food Inquiry report before publication so it would be inappropriate to respond until it has been reviewed in detail.

He said AWB will not respond to allegations made against individuals at any stage.

AWB will address the issues arising out of the Oil-for-Food Inquiry report in more detail at a press conference in Melbourne on Wednesday 29 November 2006 at 11am.

Details of the press conference and numbers for conference call facility for interstate media will be issued tomorrow.

Media contact: Peter McBride 02 9209 2174 or 0417 662 451

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