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					Legal and Business Services, Australia

Slater & Gordon Ltd completes takeover of Keddies Lawyers for $35 million

Slater & Gordon announced it has completed its $35 million acquisition of Keddies Lawyers.
Slater & Gordon is a listed Australian law firm and expects the acquisition of Keddies, a
personal injuries litigant, to bolster its position in the country. The investment was first
pronounced last year, in October, subject to due diligence. Tuesday’s announcement confirms
the takeover has been sealed, said the firm.

Keddies is an exclusive personal injuries litigant, with offices in Redfern, Ashfield and Liverpool
in Sydney, as well as in Wollongong and Brisbane. The acquisition was to be completed through
$3.7 million in shares, the take-up of Keddies' $11 million in debt, plus cash.

Slater & Gordon said in October the acquisition would significantly increase its share of the
NSW personal injuries litigation market. Slater & Gordon shares lost three cents to $2.13 on
Tuesday.

In its press release, Keddies announced that it had merged its operations with law firm Slater &
Gordon, the well known and highly respected national law firm. It further reiterated that this
integration reflects its continued efforts to improve the service and skills within the organization.
The combination unites two market leaders in law who together can provide a more
comprehensive service, said the firm.

Slater & Gordon has built a powerful reputation for handling some of the most complex and
widely publicized cases ever undertaken in Australia, as well as providing a broad range of
services including family law, conveyancing, and wills & estate planning.

Keddies noted that the merger will ensure that its clients continue to enjoy the highest levels of
service and expert advice available. Under the terms of the merger, the staff of Keddies Lawyers
will be employed by Slater & Gordon and will continue to operate across Sydney, Wollongong
and Brisbane. Keddies boasts an extensive network of over 120 committed partners, solicitors,
paralegals, specialist consultants and support staff, including 11 solicitors who are Accredited
Specialists in Personal Injury Law.

Slater & Gordon is an Australian law firm specializing in insurance claims, commercial, family
and asbestos-related law. The firm’s general legal services include public liability, family law,
wills & probate, commercial disputes and litigation, and business advisory services. With
over 700 staff located in over 35 offices throughout Australia, Slater & Gordon has one of the
largest and widest networks of law offices in the country.

				
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