Bridgestone Australia Now in Company Hands

Following the cancellation on Friday, 11 May 2007 of all shares held by minority shareholders, Bridgestone Australia Ltd. became a wholly owned subsidiary of Bridgestone Corporation of Japan. The selective capital reduction and subsequent privatisation which cost AUD$49 million (£20.7 million) is now complete and the Company was de-listed from the Australian Stock Exchange on 30 May.

Bridgestone Australia Ltd. said they are pleased with the outcome of the transaction.