News: Deals: Reports

Australian Bicycles Pty Ltd & Super Cheap Auto Group Ltd	Update Date: 06/27/08
Date Announced: 05/13/08
Value (million $USD): 1.3 million U.S. Dollar 1.4 million Australian Dollar

Status: Pending

TRANSACTION DETAILS
Date Announced	05/13/08
Date Originally Announced	05/13/08
Format	Acq. Maj. Int.	Acquisition techniques	Not Applicable
Attitude	Friendly	Agency	n/a
Value	1.3 million U.S. Dollar 1.4 million Australian Dollar	Advisor Fees	n/a

SYNOPSIS
AUSTRALIA - Super Cheap Auto Group Ltd (SC) planned to acquire a 50% interest in Australian Bicycles Pty Ltd (AB), a bicycles retailer, for 1.4 mil Australian dollars ($1.315 mil US). Concurrently, SC was granted an option to acquire the remaining 50% interest, which it did not already own, in AB, and agreed to acquire the entire share capital of Goldcross Cycles Pty Ltd.

TARGET
Name	Australian Bicycles Pty Ltd
Industries	n/a
City	n/a
State	n/a
Nation	Australia
Incorporated in	n/a
Public Status	Private
Business Description	Australian Bicycles Pty Ltd, based in Australia, retails bicycles.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	Super Cheap Auto Group Ltd (Australia : SUL)
Industries	Gasoline service stations; Hardware stores
City	Lawnton, Queensland
State	n/a
Nation	Australia
Incorporated in	n/a
Public Status	Public
Business Description	Super Cheap Auto Group Ltd, based in Queensland, retails auto parts, accessories, handyman items, tools and equipments, such as batteries, car care products, oil and additives, paint and panel, and seat covers.
Advisors	NULL
Acquiror Sales	530.6 million U.S. Dollar 624.8 million Australian Dollar

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