Senator the Hon. Mathias Cormann
Minister for Finance
Date: Thursday, 16 October 2014
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
We are pleased to announce that the number of pre-registrations for the Medibank Private Share Offer has exceeded our expectations, with 750,494 Australians formally lodging their interest in a Medibank Private Share Offer prospectus.
This includes 278,732 eligible1 Medibank Private or ahm private health insurance policyholders.
This indicates a strong level of interest in the Medibank Private Share Offer.
The Government now expects to lodge the Medibank Private Share Offer Prospectus with the Australian Securities and Investments Commission (ASIC) on Monday, 20 October 2014.
Following the ASIC review period, which is expected to take five working days, the General Public Offer will open to Australian retail investors.
The General Public Offer will be open until the middle of November and will be followed by an Institutional Offer.
There will also be a Broker Firm Offer where Australian and New Zealand brokers will be invited to bid for a firm allocation of shares on behalf of their retail clients.
Medibank Private is expected to list in late November 2014, subject to market conditions.
Full details of the Medibank Private Share Offer will be released in the prospectus.
Karen Wu – 0428 350 139
The Medibank Private Share Offer will be made by the Commonwealth of Australia. A copy of the prospectus in relation to the Medibank Private Share Offermay be obtained after it has been lodged with the ASIC. Anyone who wants to acquire shares in Medibank Private will need to carefully consider the prospectus and then complete an application form that will be in or will accompany the prospectus. Pre-registrants are not obliged to apply for shares. This document does not constitute an offer to sell, or a solicitation of an offer to buy securities in the United States. The shares referred to in this document have not been, and will not be, registered under the U.S. Securities Act of 1933 (the “U.S. Securities Act”) or under the securities laws of any state or other jurisdiction of the United States and may not be offered or sold in the United States absent registration under the U.S. Securities Act or an exemption from registration requirements.
 Persons who are covered under private health insurance policies (excluding Overseas Student Health Cover policies and Overseas Visitors Health Cover policies) issued under either the Medibank or ahm brands at 11:59pm (AEST) on 27 September 2014, who are permanent residents of Australia, over the age of 18 and are not in the United States or acting on behalf of a person in the United States. Only one Policyholder pre-registration can be made in respect of each policy.