14 December 2009
Perpetual responds to Mahogany Capital announcement
Perpetual notes today’s announcement by Mahogany Capital that it had appointed a voluntary
administrator.
Perpetual Corporate Trust Group Executive, Chris Green, said the announcement had no impact
on Perpetual’s fight to recover funds noteholders had invested in Mahogany Capital notes.
Mr Green noted that Mahogany Capital notes had been suspended from ASX trading since
September 2008 and Standard and Poors had ceased rating Mahogany products in July 2009.
“Mahogany’s decision to appoint an administrator is a matter for the Directors will not influence
Perpetual’s legal action to recover noteholder investments nor the amount or timing of any
future payments to noteholders,” Mr Green said.
“The outcome for noteholders remains dependent on Perpetual’s actions on their behalf through
the UK legal system and that remains our number one priority.”
Mr Green said Perpetual Trustee Company Ltd had won two separate court cases in the United
Kingdom that sought to release $125 million frozen from Mahogany Capital noteholders since
the collapse of Lehman Brothers Special Financing last year.
In November, the UK Court of Appeal upheld the initial ruling that Mahogany noteholders had
priority over Lehman Brothers Special Financing Inc (LBSF) in relation to the collateral.
For further information, please contact:
Chris Green – 02 9229 9861
Chris Newlan – 0407 881 139
NEWS 
