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Dare Gallery Pty Ltd & Fantastic Holdings Ltd	Update Date: 06/05/08
Date Announced: 05/13/08
Value (million $USD): 0.7 million U.S. Dollar 0.7 million Australian Dollar

Status: Pending

TRANSACTION DETAILS
Date Announced	05/13/08
Date Originally Announced	05/13/08
Format	Acq. of Assets	Acquisition techniques	Not Applicable
Attitude	Friendly	Agency	n/a
Value	0.7 million U.S. Dollar 0.7 million Australian Dollar	Advisor Fees	n/a

SYNOPSIS
AUSTRALIA - Fantastic Holdings Ltd agreed to acquire Dare Gallery Pty Ltd, a furniture retail stores owner and operator, for an estimated 0.7 mil Australian dollars ($0.658 mil US) in cash.

TARGET
Name	Dare Gallery Pty Ltd
Industries	Furniture stores; Wood household furniture, upholstered
City	Victoria
State	n/a
Nation	Australia
Incorporated in	n/a
Public Status	Private
Business Description	Dare Gallery Pty Ltd, headquartered in Victoria, Australia, owns and operates furniture retail stores. It previously operated 14 company-owned stores and 3 franchise stores in New South Wales, Victoria and South Australia.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	Fantastic Holdings Ltd (Australia : FAN)
Industries	n/a
City	Sydney, New South Wales
State	n/a
Nation	Australia
Incorporated in	n/a
Public Status	Public
Business Description	Fantastic Holdings Ltd, headquartered in Sydney, New South Wales, Australia, owns and operates household furniture retail stores. Its products include bedroom, dining, entertainment, occasional, and office furniture, as well as lounge suites, sofas, and storage solutions. Its brands are Fantastic Furniture, Plush and Original Mattress Factory.
Advisors	NULL
Acquiror Sales	232.2 million U.S. Dollar 273.4 million Australian Dollar

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