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Hellaby Completes Capital Raising

26 June 2006

Hellaby Completes Capital Raising

The directors of Hellaby Holdings today confirmed that the Company’s $50 million Capital Notes issue had been successfully completed and the full amount of the proceeds had been received by the Company.

The directors noted that the issue had been oversubscribed which reflected the positive view of the Company by its shareholders and the broader investment community.

As previously advised, the funds would initially be used to reduce the Group’s debt, but over the longer term would be used to fund new acquisitions and future growth of the Group.

The Capital Notes will be quoted from today on the NZDX Market under security code HBY010.


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