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Foster's Interest In Southcorp now 31.0%

Melbourne, 28 April 2005

Foster's Group Limited (Foster's) announces that its interest in Southcorp Limited (Southcorp) has increased to 31.0% through acceptances into its takeover offer for Southcorp (Offer) and through acceptance instructions held in the Institutional Acceptance Facility established by Foster's.

Percentage of Southcorp shares in which Foster's had a relevant interest prior to the Offer

18.8%

Percentage of Southcorp shares the subject of acceptances under the Offer

0.8%

Percentage of Southcorp shares subject to the Institutional Acceptance Facility

11.4%

Total interest in Southcorp shares

31.0%

If Southcorp shareholders have questions in relation to the Foster's offer, or wish to obtain a replacement transfer and acceptance form, they should call the Foster's offer enquiry line on 1800 101 769 (international callers should call +61 3 9415 4242).

Further information:

Media
Lisa Keenan
Director - External Communications
Tel: +61 3 9633 2265
Mob: 0409 150 771

Investors
Chris Knorr
Vice President - Investor Relations
Tel: +61 3 9633 2685
Mob: 0417 033 623