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SPECIAL

Ford Territory

SPECIAL

Ford Territory

Ford to Divest its Ownership of Sydney RJV

Staff, Friday February 4, 2005.

Page 1 of 1

Ownership of nine dealerships that currently form a part of the Sydney RJV will be transferred to Imperial Holdings Group of South Africa, a diversified multi-national mobility group with extensive motor retailing interests.

Prior to this sale, Sydney RJV will sell seven additional dealerships to independent purchasers associated with shareholders currently involved in the business.

"Imperial Holdings currently owns the largest network of motor dealerships in South Africa. It is committed to investing in the Sydney RJV and growing Ford's market share in Sydney," said Ford Investment Enterprises Corporation Australia Director, Keith Williamson.

"Ford will work closely with Imperial Holdings and the independent dealerships to ensure a smooth transition to the new ownership structure. All dealerships will continue to operate under the same trading names, ensure continuity for customers, and honour all warranty and contractual obligations," said Mr Williamson.

Imperial Holdings will operate nine Ford dealerships under the Sydney RJV banner, including:

• City Ford, Sydney
• City Ford, Rockdale
• Dale Ford, Bankstown
• Jubilee Ford, Five Dock
• Brad Garlick Ford, Ryde
• Power Ford, Baulkham Hills
• Cumberland Ford, Blacktown
• Alto Ford, Artarmon
• Titan Ford, Brookvale

Ownership of the remaining seven dealerships will be transferred to current independent shareholders. These dealerships include:

• Thomson Ford, Parramatta
• Sinclair Ford, Penrith
• Phil McCarroll Ford, Camden
• Rod Lawrence Ford, Campbelltown
• Dominelli Ford, Sutherland
• Harrigan Ford, Yallah
• Keira Ford, Wollongong

For further information, please contact:
Ford Australia Public Affairs
Phone: 03-9359 8491
Fax: 03-9359 8900

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