Cut-off date for Sucrogen sale extended by one month

CSR Limited announces that it has agreed with Wilmar International to extend the ‘cut-off date’ in the Share Sale Agreement regarding the sale of Sucrogen to Wilmar.

The cut-off date, allowing either party to terminate the agreement if conditions precedent to the sale have not been satisfied, has been extended from 31 December 2010 to 31 January 2011.

While CSR expects that the only remaining condition to completion, Overseas Investment Office (OIO) approval in NZ, will be resolved very shortly allowing for Completion before 31 December 2010, the extension provides further assurance in the event of a further delay.

CSR confirms there are no other changes to the terms and conditions of the Share Sale Agreement.