Australian Share Purchasing Corporation Pty Ltd (ASPC) has recently made two unsolicited offers to Bank of Queensland shareholders to purchase their shares.  The first offer is to shareholders who have recently acquired their shares through the merger with Home Building Society and the second is to existing BOQ shareholders.

The company is offering to buy Bank of Queensland Ltd shares for either $5.00 or $10.00 per share, depending on whether shareholders are ex-Home shareholders, or existing BOQ shareholders.

At close of business on 14 April 2008, BOQ shares were trading at $15.75.

Both unsolicited offers are substantially below current market value of BOQ shares and should be ignored.

Shareholders who receive any unsolicited offer are urged to read the document carefully, check the current market value of their BOQ shares and obtain professional financial advice before taking any action.

If you want to sell your BOQ shares for any reason, we suggest that you contact a broker. If you do not have a broker and want to find one, visit the ASX website (http://www.asx.com.au/: click on Tools and Resources, then Find a broker or planner) or call ASX Customer Service on 131 279.