AUSTRALIA: Mr Tom Park Joins Southcorp Board

The Chairman of Southcorp Limited, Mr Rick Allert, has pleasure in announcing that Mr Tom Park, Executive General Manager - Southcorp Wines, has been appointed an Executive Director of Southcorp Limited, effective from today.As previously announced, Mr Park will succeed Mr Kraehe as Managing Director and Chief Executive Officer following completion of the divestment of the Company's packaging business. Mr Allert said that the Board was very pleased to have selected Mr Park as Mr Kraehe's successor and it was appropriate that Mr Park join the Board leading up to his appointment to that position.