NO INCREASE IN WATER ALLOCATION

Geoff Hipkins, Chief Executive of Murrumbidgee Irrigation announced today that the full 26% general security allocation for Murrumbidgee Irrigation shareholders, can now be underwritten to be available pre end of February.

Mr Hipkins asked irrigators to be careful with plantings, as available water was already fully committed, and it was likely that extra water to finish crops would only be available through the transfer market.

Mr Hipkins reminded shareholders that all transfers within the Company licence will be deliverable if needed by the end of February.

“The internal water management focus adopted by the Company on behalf of its shareholders during this drier time, continues to deliver benefits to shareholders, and this focus will continue.”

“Revised water balances will be available after the mid month water meter readings”.