Management

What major events or changes has your corporation experienced since 2005, e.g. acquisitions and mergers, new government regulation, etc.?

2005 – During the year Woolworths acquired

Australian Leisure and Hospitality Group

(ALH) which is being integrated into the

Group with the assistance of the Bruce

Mathieson Group covering hotel

management, gaming and entertainment.

It is clear that the ALH acquisition is

providing significant new opportunities

for growth in both the Hotel and Liquor

sectors.

ALH was a unique and strategic acquisition

that provides an excellent platform

for further growth

Later in the year, Woolworths reached an

arrangement to acquire from Foodland

Australia Limited (FAL) their New Zealand

supermarket businesses, together with

22 Action stores in Australia.

With the successful acquisition of FAL,

Woolworths will have a solid retail base in

New Zealand with opportunities to develop

that business further

Woolworths is currently in the process

of acquiring FAL’s current New Zealand

business plus 22 Australian stores via a

Scheme of Arrangement. The acquisition

consideration comprises $1,250 million

cash less any Foodland net debt assumed

by Woolworths and approximately

81.6 million Woolworths shares. The cash

consideration will initially be funded by a

Bridge Facility and will be refinanced with

longer term debt (in the short term). The

current timetable for the acquisition sees

effective ownership pass to Woolworths

around late November 2005

2009 - Two liquor-related acquisitions were also

made this year. We purchased 25% of Gage Roads

Brewery in order to provide new opportunities to

expand our private label beer offer and also acquired

online fine wine auction business Langton’s, which

complements the fine wine offer from Dan Murphy’s

and broadens our customer reach.

The acquisition of

langton’s during the

year has boosted our

premium wine offer

in our liquor business.

2013 -...