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Response to report regarding a potential change of control proposal

Wednesday 23 May 2018

SeaLink Travel Group Limited (“SeaLink”) refers to a media report in the Australian Financial Review that it has received a proposal regarding a potential acquisition of SeaLink.

SeaLink confirms that it received an unsolicited, confidential, indicative and non-binding proposal (“Proposal”) from a party expressing interest in a transaction which would result in a change of control of SeaLink. The Proposal was for 100% of the shares in SeaLink for cash consideration of $4.75 per share.

The Board carefully considered the Proposal together with its financial advisers and unanimously decided to reject it, having concluded that the Proposal undervalues SeaLink and that the Board would not be in a position to recommend the Proposal to its shareholders. The Proposal was subsequently withdrawn.

The Board of SeaLink recommends that shareholders take no action in respect of the Proposal and the Board considers that SeaLink is well positioned to continue to deliver strong growth.

SeaLink is aware of its continuous disclosure obligations under the ASX Listing Rules and will ensure it is in full compliance at all times.

SeaLink has retained Macquarie Capital (Australia) Limited as financial adviser and Kain Lawyers as legal adviser in relation to such a proposal.

For further information, please contact:
Jeff Ellison, Chief Executive and Managing Director, 0407 407 123 Helen McCombie, Media Enquiries at Citadel-MAGNUS Communications, 0411 756 248

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