John Fairfax Holdings Limited
ACN 008 663 161

Sydney, Thursday, 23 March, 2000: John Fairfax Group Finance Pty Limited, a subsidiary of John Fairfax Holdings Limited [ASX:FXJ], today announced that it will be conducting domestic roadshows, with a view to undertaking a new medium term note issue from its existing A$750 million Promissory Note and Medium Term Note programme. Australia and New Zealand Banking Group Limited and Westpac Banking Corporation have been appointed as Joint Lead Managers for the issue.

Details of the proposed transaction will not be determined until the completion of the investor roadshows. Fairfax’s objective for the transaction is to retire short-term debt and lengthen the duration of its overall liability profile. Fairfax previously placed A$150 million of 3-year medium term notes under the same programme in April, 1999.

The roadshows are scheduled for Thursday, 23 March, 2000 in Melbourne, and Friday, 24 March, 2000 in Sydney. The launch of the issue is expected to take place in the near future subject to market conditions.

MTNs issued under the programme are guaranteed by John Fairfax Holdings Limited and subsidiaries, and carry a rating of BBB+ from Standard & Poors'.

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For further information, please contact:

Dale Bridle
Group Treasurer Director,
John Fairfax Holdings Limited
Ph: 612 9282 3632

Rhonda McCann
Primary Markets Group
Australia and New Zealand Banking Group Limited
Ph: 612 9227 1959

Angus Cameron
Associate Director, Capital Markets
Westpac Banking Corporation
Ph: 612 9284 8942

Fairfax > Corporate Affairs & Media Releases > Announcements > ROADSHOW