Media Release

2 March 2001

Toll Completes Finemores Merger

Toll Holdings Limited today announced that the transfer of all fully paid ordinary shares in Finemores Holdings Ltd to Toll has been executed and that Toll will dispatch payment to Finemores shareholders today.

Toll Managing Director, Mr Paul Little, said, "the $120 million merger of Finemores into the Toll Group has been subject to detailed planning and the integration is now underway".

"Whilst the merger has taken longer than we initially expected, the delay has provided us with an opportunity to more thoroughly assess the business and plan the development of the larger Toll Group. We remain confident that the merger will provide outstanding long term value for our shareholders", said Mr Little.

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