Tabcorp successfully raised $284 million through the offer of Tabcorp Bonds (the "Offer") pursuant to the Prospectus dated 1 April 2009.

Summary of Tabcorp Bonds

• Tabcorp Bonds are new five year debt securities listed on ASX under the code TAHHA.
• Holders of Tabcorp Bonds are entitled to receive quarterly interest payments and $100 cash per Tabcorp Bond upon redemption (on 1 May 2014).
• The interest rate will be equal to the 3 month bank bill rate plus a fixed margin of 4.25% p.a. and will be calculated quarterly.
• Investors who are allocated at least 100 Tabcorp Bonds and maintain at least their initial allocation for the first year will be entitled to Bonus Interest for the first year of an additional 0.25% p.a. (subject to a cap of 500 Tabcorp Bonds per holding).
• Tabcorp Bonds have an issue price of $100 each and the minimum investment is only $5,000.