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Cox Hallett Wilkinson advises Toll Group on takeover
offer for BALtrans Holdings


March, 2008

Cox Hallett Wilkinson (“CHW”) has advised Toll (BVI) Limited ("Toll"), a member of the Toll group of companies, Australia’s largest logistics and transportation group, in relation to a HK$2.1Bn takeover offer for BALtrans Holdings Limited, a logistics company listed on the Hong Kong Stock Exchange.

The CHW team of Ernest Morrison and Jonathan Betts advised on the Bermuda aspects of the offer.  Clifford Chance advised Toll on the Hong Kong law aspects of the transaction.

Ernest Morrison commented “We are very pleased to have advised Toll on this transaction which included the successful implementation of a compulsory share acquisition process.  CHW has a good working relationship with Clifford Chance, having advised a number of its teams across the globe on a variety of transactions, but this was the first time that we have assisted the Hong Kong office.  We very much look forward to working with them again.”

For further information please contact:

Ernest Morrison on 001 441 294 1503 or email emorrison@chw.com; or
Jonathan Betts on 001 441 294 1544 or email jbetts@chw.com



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