Westfield Group to raise $3 billion in equity via a pro-rata entitlement offer

12 June 2007

Countries: Australia

The Westfield Group (ASX: WDC) held a conference call on Tuesday 12th June 2007 regarding its announcement to raise A$3 billion in equity through an underwritten pro-rata issue of new securities. The issue represents less than 8% of the Group’s market capitalisation of approximately $38 billion.

This update was jointly presented by Group Managing Directors, Peter Lowy and Steven Lowy.

Management presentation, press release and prospectus
The prospectus and the related documents were lodged with the ASX, please refer to the following link. http://westfield.com/corporate/news-announcements/presentations-briefings/2007/2007612_97163.html

The conference call was webcast live and the archive is available. The webcast is available at: http://westfield.com/corporate/news-announcements/presentations-briefings/2007/2007612_97163.html