AUSTOCK GROUP LIMITED 
By 8 January 2013
FOLKESTONE SETTLES ON REMAINING INTEREST IN FUNDS MANAGEMENT BUSINESS
Folkestone (ASX: FLK) has settled on the remaining 35 per cent interest in Austock Group's (ASX: ACK)
property funds management business. The settlement was effective 31 December 2012.
Under the terms of the original sale agreement, Folkestone acquired 65 per cent of the business on 28
September 2012 from Austock Group with the remaining 35 per cent interest to be settled on 30
September 2013 unless settlement was accelerated.
Folkestone has paid $5.5m in cash to Austock to settle the remaining 35 per cent comprising the $4.3 million residual purchase price and $1.2 million for regulatory capital and net tangible asset settlement adjustments in accordance with the terms of the share sale agreement.
Mr Greg Paramor, Managing Director of Folkestone said "the settlement of the remaining interest in Austock Group's property funds management business completes the acquisition of the remaining 35 per cent interest nine months ahead of the original date required by Austock Group. We are committed to delivering sound returns to the investors in the four existing social infrastructure funds and creating new funds in the developing social infrastructure space."
For further information, please contact: Mr Greg Paramor
Managing Director
Folkestone Limited
02 8667 2800
Folkestone (ASX:FLK) is an ASX listed real estate investment, development and funds management company. Folkestone's on balance sheet activities focus on value
