Update on ACCC clearance process

AGL Energy Limited (AGL) has been advised by letter dated 3 April 2012 that the ACCC is suspending its clearance process in relation to AGL's proposed acquisition of Great Energy Alliance Corporation Pty Limited pending receipt of a response to a further information request.

The ACCC has requested that AGL respond to the information request by 18 April 2012.

The ACCC had previously indicated that it anticipated providing a response to AGL's clearance application on 19 April 2012.

About AGL

AGL is one of Australia's leading integrated renewable energy companies and is taking action toward creating a sustainable energy future for our investors, communities and customers. Drawing on 175 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has one of Australia's largest retail energy and dual fuel customer bases. 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.