Media Release

5 February 2001

Toll Holdings Limited Completes Acquisition of ARN Logistics

Toll Holdings today announced that it has successfully completed the acquisition of the ARN Logistics business from AR Neal Limited. 

ARN Logistics, which has an annual turnover of $60 million, is a leading service provider to the paper and packaging sector. 

Paul Little, Managing Director of Toll said, "The acquisition of ARN Logistics continues Toll's strategy of taking a leading position in each of Australia's major industry sectors. The integration of ARN gives Toll an even greater capability and depth within the paper and packaging sector. 

"This capability will translate into further growth as we build on our close relationships with major customers and optimise the supply chain in order to bring new efficiencies to this important industry sector", said Mr Little. 

Significant operational and administrative benefits are expected to result from the integration of the ARN business. The acquisition will be earnings positive in this financial year and the majority of benefits will flow through into the earnings of next financial year. 

Toll also announced today, that it has settled the sale of Stage 1 of its Altona property development in Melbourne for a consideration of around $19 million. 

ends 

For further information contact: 

Toll Holdings Limited 
Paul Little
Managing Director
61 3 9694-2820