Media Release

21 March 2000

TOLL E-COMMERCE STRATEGY GAINS PACE WITH REMOVALS AUSTRALIA

The Toll Group today finalised acquisition and assumed control of Removals Australia, a virtual logistics provider specialising in relocation management.

The acquisition follows the Commonwealth Government's selection of Toll as the preferred purchaser of Removals Australia in December 1999.

The Managing Director of Toll, Mr Paul Little, said, "In firming the future plans and opportunities which exist for the business, we believe the growth potential together with the e-commerce platform of Removals Australia, make this an outstanding acquisition for us".

Removals Australia is distinctive amongst companies developing in the e-commerce community, in that it is profitable, has proven systems, has a well developed growth strategy and a sound record of delivering quality service.

"These are the elements which will set Toll apart from other providers in the e-commerce world", Mr Little said.

Removals Australia is the largest removals management and brokerage service within Australia and has developed a unique information system as the core of its customer service offering. The business utilises a process of preferred supplier arrangements for its removal carriers, and has no carrier equipment fleet.

Toll plans to grow the business by further developing its relationship with its major customer, the Department of Defence, and by pursuing the vast corporate market.

Removals Australia will enable Toll to pursue its e-commerce strategy with even greater vigour and demonstrate an ability to provide value for money e-commerce enabled solutions across the Group's industry sectors and entire customer base.

"Removals Australia is another important e-commerce development for us, and we are now setting our sights on transforming value from each of the industry segments in which we operate through investments and strategic alliances," Mr Little said.

For further information contact:

Paul Little - Managing Director or
Neil Chatfield - Chief Financial Officer
Toll Group
03 9694 2888

1 February 2000