Loy Yang Power completes refinancing 

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30 September 2010

Attached is a copy of a media statement issued today by Loy Yang Power regarding the completion of refinancing of $455 million senior debt and $35 million working capital facility.

AGL Energy Limited (AGL) owns a 32.5% interest in Great Energy Alliance Corporation, which has the Loy Yang A Power Station as its major asset.

Click here to view the attachment.

Further inquiries:

John Hobson, Head of Investor Relations
Direct: + 61 2 9921 2789
Mobile: + 61 (0) 488 002 460
e-mail: john.hobson@agl.com.au

Nathan Vass, Head of Media
Direct: + 61 2 9921 2264
Mobile: + 61 (0) 405 040 133
e-mail: nvass@agl.com.au

About AGL
AGL is Australia's largest integrated renewable energy company and is taking action
toward creating a sustainable energy future for our investors, communities and customers. Drawing on over 170 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has Australia's largest retail energy and dual fuel customer base. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, landfill gas and biomass. AGL is Australia's largest private owner and operator of renewable energy assets and is looking to further expand this position by exploring a suite of low emission and renewable energy generation development opportunities.

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