Steadfast successfully completes Placement Offer

Steadfast successfully completes Placement and Institutional Entitlement Offer

• Placement and Institutional Entitlement Offer raised approximately $186 million with strong support from both existing shareholders and new investors
• Retail Entitlement Offer will open on Monday, 23 February 2015 to raise approximately $114 million

Steadfast Group Limited (“Steadfast”) (ASX: SDF) is pleased to announce the successful completion of an $89 million placement to institutional investors (“Placement”) and the $97 million institutional component of the one for three accelerated pro rata non-renounceable entitlement offer (“Institutional Entitlement Offer”, and together with the Placement, the “Institutional Offer”).

The Institutional Entitlement Offer attracted very strong demand, with a take-up rate of approximately 96% from existing institutional investors. The Institutional Entitlement Offer shortfall and the Placement closed significantly oversubscribed with broad support from both existing and new domestic and international investors.

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