Virgin Blue - Tesna, Joint Press Release

11th Feb 2002

Virgin Group and Tesna today confirmed further discussions will take place in Australia this week between the two groups. The discussions will involve Virgin Blue`s Chief Executive, Brett Godfrey.

Sir Richard Branson said “a further meeting between the principals was held on Sunday which was again very constructive.”

Solomon Lew and Lindsay Fox also said “We agree that our discussions with Sir Richard have been worthwhile and we look forward to further discussions.”

Both parties noted that any meetings are held on the clear understanding that Tesna remains committed to the completion of the sale agreement with the Ansett administrators regardless of the outcome of the discussions.

The parties will not conduct these discussions through the media and there will be no further announcements until the discussions are concluded.




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