AustralianSuper Rejects Revised $10.6 Billion Brookfield Bid for Origin Energy

Shareholder Meeting Postponed to December 4 as Largest Shareholder Believes Offer Undervalues Company

• AustralianSuper, the largest shareholder of Origin Energy, has announced it will vote against the revised $10.6 billion takeover bid from a Brookfield-led consortium.
• The pension fund, which owns more than 17% in Origin Energy, believes the offer is substantially below the power producer's long-term value.
• The shareholder meeting in Sydney to vote on the original bid has been postponed until December 4 to consider the new offer.
• Despite the new terms allowing some investors to stay invested in the energy markets business that would be owned by Brookfield, AustralianSuper remains firm in its stance.
• Analysts and investors are skeptical about the success of the bid, with Origin shares trading well below the offer price.

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