FOSTER’S ENDS $400M BUYBACK PLAN

Foster’s Group announced today it has completed its off-market share buyback program, which resulted in a $400 million return to shareholders. Announced in February, Foster’s bought back $400 worth of share at a 14% discount from its average share price at A$6.87 to A$5.90 per share over the five trading day up to and including April 5.

"This is an excellent result for Foster's shareholders and delivers on our commitment to return approximately $400 million of surplus capital to shareholders," said Foster's ceo, Trevor O'Hoy.

In all, Foster’s bought 67.8 million share which amounts to 3.3% of issued capital.