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Pumpkin Patch Limited Proceeding with IPO

News Release
26 April 2004

Pumpkin Patch Limited Proceeding with IPO and Listing Application

Pumpkin Patch Limited today announced that it is proceeding with an initial public offering (IPO) of shares and with an application to list its shares on the New Zealand Exchange.

Pumpkin Patch is a leading Australasian children’s wear design, marketing and retailing company.

The offer is expected to open on Monday 17 May 2004 and close on Friday 4 June 2004. Shares are expected to trade on a delayed delivery basis from Wednesday 9 June 2004.

The IPO will involve the offering of approximately $120 million worth of shares.

Shares in the IPO will be offered through Goldman Sachs JBWere (NZ) Limited (Lead Manager) and other selected New Zealand Exchange Firms.

Shares will be allocated to New Zealand retail investors and New Zealand and Australian institutional and professional investors. There will be no public pool.

The offer price will be determined by way of an institutional bookbuild.

-ENDS-


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