Origin Requests Trading Halt

28 May 2008

Origin Requests Trading Halt

Origin Energy has announced to the ASX a request for a trading halt.

Contact has received no other information from BG Group or Origin Energy in relation to the BG Group proposal. Contact will inform shareholders of any further developments as appropriate.

"On 30 April 2008 Origin Energy Limited ("Origin") announced that it had been approached by BG Group plc ("BG Group") with respect to a proposal to acquire all of the shares in Origin at a cash price of A$14.70 per share.

Discussions between BG Group and Origin, which were foreshadowed in that announcement, have continued since that time and have now reached a position where Origin believes it is likely that a further announcement to the market will be made prior to the commencement of trading on Friday, 30 May 2008. Origin believes that the announcement is likely to be material to the price at which its shares trade on the ASX.

Origin accordingly requests a trading halt in its ordinary shares with effect from the commencement of trading this morning Wednesday 28 May 2008 until the opening of trading on Friday 30 May 2008 or until an earlier announcement is made to the market.

Origin is not aware of any reason why the trading halt should not be granted."

ENDS

© Scoop Media