ASX RELEASE 5 February 2010 PIPE Networks Scheme Booklet and Proxy Form Further to PIPE Networks Limited’s (ASX:PWK) release to ASX earlier today attached are copies of PIPE Networks’ Scheme Booklet, Proxy Form and record of lodgement of the documents with the Australian Securities & Investments Commission today. ENDS For more information: Bevan Slattery Managing Director T: 07 3233 9800
[email protected] Scheme Booklet For a Scheme of Arrangement between PIPE Networks Limited ACN 099 104 122 and the holders of shares in PIPE Networks (other than TPG Telecom Limited) in relation to the proposed acquisition by TPG Telecom Limited of all the shares in PIPE Networks which it does not already own. THE DIRECTORS UNANIMOUSLY RECOMMEND THAT YOU PVOTE IN FAVOUR OF THE RESOLUTION TO APPROVE THE SCHEME, IN THE ABSENCE OF A SUPERIOR PROPOSAL. The Independent Expert has concluded that the Scheme is fair and reasonable, and that the Scheme is in the best interests of PIPE Shareholders (other than TPG Telecom Limited) in the absence of a superior proposal. THIS IS AN IMPORTANT SHAREHOLDER INFORMATION LINE DOCUMENT AND REQUIRES INSIDE AUSTRALIA (TOLLFREE) 1800 646 920 YOUR IMMEDIATE ATTENTION. OUTSIDE AUSTRALIA (NORMAL CHARGES APPLY) +61 2 8280 7071 YOU SHOULD READ THIS DOCUMENT IN ITS ENTIRETY PRIOR TO DECIDING WHETHER OR NOT TO VOTE IN FAVOUR OF THE SCHEME. If you are in FINANCIAL ADVISER LEGAL ADVISER any doubt as to how to deal with this document, please consult your legal or financial adviser immediately. If you have recently sold all of your PIPE Shares, please ignore this document.