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New Zealand China Clays Sale Clears Way For Bendon

Bendon Group Limited

Bendon Group Limited today announced the completion of the sale of New Zealand China Clays, and confirmed the payment of an interim dividend to Shareholders of 4 cents per share.

The Company received the final installment of payment from purchaser Mircal following audit clearance of the completion balance
sheet as at 30th June 2000.

Bendon Group Limited Chairman, Dr Ian Parton, said the settlement process had been smooth.

"With the completion of this transaction, we can now turn completely toward a very bright and focused future for Bendon," Mr Parton said.

The interim dividend of four cents per share, which was declared by the Directors at the Annual Meeting, will be paid on 30th August, 2000, to Shareholders who are on the register at the close of business on 25th August 2000.

Ends




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