A$600m for ABC Learning.

Australasian Business Intelligence, May, 2006

May 01, 2006 (The Australian Financial Markets Newsletter - INSTO - ABIX via COMTEX) -- ABC Learning Centres has held a $A600 million share placement. The Australian listed childcare group will use the money to repay debt and to expand in the US via $A190 million of acquisitions. ABC Learning sold 83.2 million shares priced at $A7.30 each. The leader of the deal, Austock, received offers for $A900 million worth of stock. Some 10 per cent of the shares were bought by overseas accounts.

Publication Date: 28 April 2006

ABC LEARNING CENTRES LIMITED - ASX ABS

AUSTOCK AUSTRALIA PTY LTD

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