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Subject: Re:sale of EDI Downer (remainder)$13 million30/6/2001 to 30/6/2002 reported 12/9 audited 1/10


Author:
ASX# announcement 10/7/02sold 9/7post June30 falling/this FY
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Date Posted: 20:08:38 12/27/02 Fri
In reply to: Provision for project losses and delays 15,238 's message, "Re:Provision for project losses and delays 15,238 30/6/2001 to 30/6/2002 reported 12/9 audited 1/10" on 20:01:49 12/27/02 Fri

ERG LIMITED 2002-07-10 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
ERG advises that it has realised approximately $13 million from the
disposal of shares held by ERG Group in Downer EDI.

The shares, which were released from escrow at the end of June, were
disposed of on market late yesterday.

Downer EDI has agreed to discontinue its action and ERG discontinue
its counter claim against Downer EDI on the basis that the action has
been settled.


P Fogarty
CHIEF EXECUTIVE

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Replies:
Subject Author Date
had 55 million shares odd---to sell EDI Downer.had 55 million shares odd---to sell EDI Downer.21:13:09 12/27/02 Fri


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