TOV: ZNC - Panel Makes Interim Orders

• Panel restricts Forrestania bid processing
• Orders prevent free offers declaration
• Market updates required on substantial holdings
• Orders effective for up to 2 months

The Takeovers Panel has issued interim orders in response to applications from Harvest Lane Asset Management and Ida Metal Investments regarding the affairs of Zenith Minerals Limited. These orders restrict Forrestania Resources Limited from processing acceptances for its bid to acquire all ordinary shares in Zenith or declaring offers under the bid free from any defeating condition without the Panel's consent. Additionally, Forrestania must inform the market of the order's nature and effect each time it provides a substantial holding notice in relation to Zenith. The interim orders are effective until further order by the Panel, the determination of the proceedings, or 2 months from the date of the interim orders.