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Outotec Makes take Bid for Ausmelt

Dec 10 2009

Further to our earlier announcement  regarding the acquisition by Outotec Oyj of Finland of a 19.9% interest in Ausmelt shares from Dr John Floyd, Ausmelt has now received an unconditional (other than prescribed events under the Corporations Act) off-market takeover bid by Outotec Pty Ltd, a subsidiary of Outotec Oyj, for all of Ausmelt's ordinary shares at $0.85 per share (Outotec Takeover Offer).

The Ausmelt Board of Directors will consider the terms and conditions of the Bidder's Statement lodged by Outotec before making any further announcements in regard to its recommendation to shareholders on the Outotec Takeover Offer.

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