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26 September 2011 

Dear Shareholder 

## 2011 Annual Report 

AGL’s 2011 Annual Report has now been released and is available electronically on our website at: www.agl.com.au 

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To receive direct electronic communication in the future of when the Annual Report is available, or to receive a printed copy, please access your Shareholder election details online at the Link Market Services website (www.linkmarketservices.com.au) or complete the enclosed Shareholder communication election form. 

## 2011 Annual General Meeting 

The 2011 Annual General Meeting will be held: 

Commencing at 10:30am on Thursday 27 October 2011 at Grand Hyatt Hotel, 123 Collins Street, Melbourne, Victoria. 

The formal Notice of Meeting is attached. 

If you are unable to attend, the AGL Directors encourage you to participate by voting on each item of business using the Shareholder Voting Form included with the Notice of Meeting. 

## 2011 Final Dividend 

For the financial year ended 30 June 2011, AGL’s Underlying Profit was $431.1 million, an increase of 0.5 per cent on the previous year. The final dividend for 2011 is 31 cents, fully franked, bring ing  the total dividend for the year to 60 cents per share. This is an increase of 1 cent per share on the 2010 dividend. The dividend will be paid on 29 September by direct credit only. 

Yours sincerely 

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