The board of directors (the “Board”) of AusGroup Limited (the “Company”, and together with its subsidiaries, the “Group”) refers to its previous announcement dated 19 February 2019 and advises that the condition precedent of the General Deed of Settlement and Release with Charisma Energy Services Limited was satisfied on 19 June 2019.

Shareholders and potential investors of the Company are advised to read this announcement and further announcements by the Company carefully. Shareholders are advised to refrain from taking any action in respect of their securities in the Company which may be prejudicial to their interests, and to exercise caution when dealing in the securities of the Company. In the event of any doubt, Shareholders should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers.


Shane Kimpton
Managing Director