AGL Energy Limited (ABN 74 115 061 375) (AGL) advises that it has today issued an aggregate of 9,798,630¹ ordinary shares (Shares) to participating shareholders under its Dividend Reinvestment Plan (DRP) and to Citigroup Global Markets Australia Pty Limited (Citi) pursuant to an Underwriting Agreement dated 28 February 2008 between AGL and Citi in connection with the DRP.

AGL gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act) that:

1. AGL issued the Shares without disclosure to investors under Part 6D.2 of the Corporations Act;
2. AGL has complied with section 647 of the Corporations Act; and
3. There is no "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Corporations Act.

Paul McWilliams
Company Secretary

^1. Comprises 2,633,758 shares to participants of the DRP at $11.31 per share and 7,164,872 shares to Citi at $11.60 per share.