AUSTRALIAN POWER AND GAS COMPANY LTD. 
By
The Company wishes to advise that the following options are due to expire as follows:
Class of Options | Number of | Date of Original | Exercise | Expiry |
Options | Grant | Price | Date | |
APKAU | 500,000 | 19/08/2008 | 70 cents | 30/10/2013 |
APKAU | 500,000 | 19/08/2008 | 80 cents | 30/10/2013 |
Any participants wishing to exercise their options must forward a completed option exercise form and payment prior to 5pm (AEST) on the expiry date. Individual participant letters with option exercise forms will be forwarded to optionholders at a later date.
Please note that a subsidiary of AGL Energy Limited ("AGL") currently has a takeover bid in place for all of Australian Power and Gas Company Limited's ordinary shares and options on issue. Option holders should consult their professional advisers in connection with, and prior to exercising their options.
David Franks
Joint Company Secretary
Australian Power & Gas
02 9299 9690
About Australian Power and Gas:
Australian Power and Gas Company Limited (ASX: APK) is an independent ASX
