Dispatch of Target's Statement

Dispatch of Target's Statement

Calibre Group Limited (ACN 100 255 623) (Calibre) has today, 21 December 2018, completed dispatch of its Target's Statement (and accompanying Independent Expert’s Report) to Calibre shareholders in response to the off-market takeover bid made by Jupiter Civil Pty Ltd (ACN 630 129 903) as trustee for The Jupiter Unit Trust (ABN 47 305 680 941) (Bidder) for all the ordinary shares in Calibre (Offer).

Calibre’s Target Statement was lodged with the Australian Securities and Investments Commission on 19 December 2018.

A copy of the Target’s Statement as dispatched to Calibre shareholders was released on Calibre’s website on 19 December 2018.

Calibre’s Independent Directors unanimously recommend that Calibre shareholders ACCEPT the Offer, in the absence of a superior proposal and subject to the Independent Expert continuing to conclude that the Offer is reasonable.

To accept the Offer, you must complete, sign and return the Acceptance Form attached as Appendix B to the Bidder’s Statement in accordance with the instructions provided in Section 9.3 of the Bidder’s Statement. Acceptances must be received by 17 January 2019, unless the Offer is extended. A copy of the Bidder’s Statement, along with the Acceptance Form, was dispatched to Calibre shareholders on 17 December 2018. If you have any questions in relation to the Offer or the Target's Statement, please call the Calibre Shareholder Information Line on 1300 306 413 in Australia or +61 1300 306 413 from outside Australia between 8.30 am and 5.30 pm (Sydney time), Monday to Friday. Please note this service is not open during public holidays.

Communication Enquiries

Monique Roberts

General Manager – Marketing & Communications

+61 7 3895 3444