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Despatch of Takeover Offer

Fri, 8 Oct 2004

Despatch of Takeover Offer

Prime Infrastructure Networks (New Zealand) Limited ("PINNZ") last night announced that the Takeover Offer ("Offer") to all Powerco Limited ("Powerco") shareholders and Capital Bondholders was despatched today, with the offer period having commenced on 4 October.

ENDS

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