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MyState Financial Credit Union of Tasmania Ltd & Tasmanian Perpetual Trustees Ltd	Update Date: 10/10/08
Date Announced: 10/10/08
Value (million $USD): n/a

Status: Pending

TRANSACTION DETAILS
Date Announced	10/10/08
Date Originally Announced	10/10/08
Format	Merger	Acquisition techniques	Scheme of Arrangement
Attitude	Friendly	Agency	Unspecified Regulatory Auth.
Value	n/a	Advisor Fees	n/a

SYNOPSIS

AUSTRALIA - Tasmanian Perpetual Trustees Ltd (TP) agreed to merge with MyState Financial Credit Union of Tasmania Ltd (MS), a financial services provider. The acquisition was to be effected via a scheme of arrangement. The transaction was subject to the approval of the shareholder and regulatory authorities, and to due diligence completion. Upon completion, the merged entity was to be named MyState Ltd, and was to be held as to 63% by MS shareholders, and the remaining 37% by TP shareholders.

TARGET
Name	MyState Financial Credit Union of Tasmania Ltd
Industries	Investment advice
City	Hobart, Tasmania
State	n/a
Nation	Australia
Incorporated in	n/a
Public Status	Private
Business Description	MyState Financial Credit Union of Tasmania Ltd provides financial services. The company is headquartered in Hobart, Tasmania, and has 144,000 members and funds in excess of 1.8 billion Australian dollars. The company was established in July 1, 2007.
Advisors	Ernst & Young LLP
Target Sales	n/a

ACQUIROR
Name	Tasmanian Perpetual Trustees Ltd (Australia : TPX)
Industries	Investment offices, nec; Educational, religious, and charitable trusts; Real estate investment trusts; Pension, health, and welfare funds
City	Burnie
State	n/a
Nation	Australia
Incorporated in	n/a
Public Status	Public
Business Description	Tasmanian Perpetual Trustees Ltd, headquartered in Tasmania, is a trust co which provides financial products and trustees services. The company was established in 1887 and manages over 1.2 bil Australian dollars in funds on behalf of personal, business, and wholesale investors in Tasmania.
Advisors	NULL
Acquiror Sales	n/a

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