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18 May 2010

Clayton Utz advises CSG on successful institutional placement

Melbourne, 18 May 2010: Clayton Utz has acted for Macquarie Capital Adviser as underwriter of CSG Limited's successful $40 million institutional placement.

Clayton Utz Equity Capital Markets partner Brendan Groves led the transaction for Macquarie Capital Advisers.

The capital raising comprised approximately 21 million shares to institutional and sophisticated investors at $1.90 per share. Funds raised will provide CSG with funding for announced acquisitions and additional working capital.

"We are pleased to have advised Macquarie Capital Advisers on the successful institutional placement and to see the Offer was very well received by the market," said Mr Groves.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.