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BEN opens Convertible Preference Shares 2 offer


11/09/2014

Bendigo and Adelaide Bank ("BEN") today announced the opening of the Bendigo and Adelaide Bank Convertible Preference Shares 2 Offer including the Reinvestment Offer ("Offer").

A replacement Prospectus, which includes the Margin of 3.20 per cent per annum as determined under the Bookbuild, the increased Offer size of $250 million following the Bookbuild and other ancillary changes, has been lodged today with ASIC and released to the ASX ("Prospectus").

Investors may request a copy of the Prospectus by calling the CPS2 Information Line on 1300 722 018 (within Australia) or +61 3 9415 4814 (outside of Australia) between 9.00am and 5.00pm (Melbourne time) or by visiting www.BendigoCPS2offer.com.au.

Investors should read and consider the Prospectus in full, having particular regard to the investment risks described in Section 6 of the Prospectus, and seek professional investment advice before deciding whether to acquire CPS2 or participate in the Reinvestment Offer. Applications for CPS2 under the Offer can only be made by completing the Application Form that will be in, or will accompany, the Prospectus.

Capitalised terms in this announcement have the meaning given to them in the Prospectus.

Important information for investors

Investments in BEN CPS2 are an investment in the BEN Group and may be affected by the ongoing performance, financial position and solvency of the BEN Group. CPS2 are not deposit liabilities or protected accounts of BEN under the Banking Act 1959 (Cth). This release is not financial product advice and has not taken into account any person's objectives, financial situation or needs. Investors should seek advice from their financial adviser or other professional adviser before deciding to invest in CPS2.

The offering of securities in this release is open only to investors that are in Australia, and accordingly, this release does not constitute an offer of securities in the United States or to any U.S. persons, or to any person acting for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act of 1933).