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Clarke, Dawe and the T3 float -

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Clarke, Dawe and the T3 float

Reporter: John Clarke Bryan Dawe

MAXINE MCKEW: Scott Bevan reporting there on the Dixie Chicks. Now, let's have a look at what John
Clarke and Bryan Dawe have to say for themselves.

BRYAN DAWE: Thanks for your time.

JOHN CLARKE: Good to be with you, Bryan. Good evening.

BRYAN DAWE: How are you going with the T3 sale?

JOHN CLARKE: Very well. Getting a great response out there, Bryan.

BRYAN DAWE: You think it's a good product?

JOHN CLARKE: It's a fantastic product. It's a wonderful national enterprise.

BRYAN DAWE: Have you put aside your differences with management yet?

JOHN CLARKE: Yes, indeed. That's all in the past now.

BRYAN DAWE: Mr Howard, do you think most people would see this as a cynical attempt to paper over a
rather messy divorce before you tip the family silver out?

JOHN CLARKE: No, Bryan, I don't think - Bryan, can I ask you a question?

BRYAN DAWE: Yes.

JOHN CLARKE: Did you perhaps purchase T2 stock at some point?

BRYAN DAWE: Yes, I did.

JOHN CLARKE: Well, Bryan, I think you need to make a real effort not to allow that to impede your
objectivity

BRYAN DAWE: Mr Howard, my super fund is down a hole. I can't get at it.

JOHN CLARKE: Bryan, I'm sorry about that. We now live in a different price environment.

BRYAN DAWE: Yes, thanks very much for that.

JOHN CLARKE: Bryan, I might say that T3 stock's not going to cost you $7 either.

BRYAN DAWE: Why are you releasing T3 when it's at a historical low?

JOHN CLARKE: Great opportunity to get in at an entry price, Bryan. Wonderful opportunity to get in.

BRYAN DAWE: You don't think people are going to think that the Government has made a complete mess
of this and you are trying to clear the room before the next election. Come on.

JOHN CLARKE: I'm sorry that your super fund purchased T2 stock.

BRYAN DAWE: You encouraged them buy it, Mr Howard.

JOHN CLARKE: I'm sorry you listened to me. I was the vendor.

BRYAN DAWE: How will you get anyone to buy T3?

JOHN CLARKE: Incentives. They are announcing them on Saturday. I don't want to telegraph them. You
might pay.

BRYAN DAWE: Whoopee. Like Harvey Norman. Pay it off over 16 years, great.

JOHN CLARKE: We will ensure the people who pay the $2 nevertheless participate in the full
dividend.

BRYAN DAWE: What a good idea. I can buy the...

JOHN CLARKE: No, you would be crashing the retail price.

BRYAN DAWE: Sure. OK. Are you going to improve Broadband finally?

JOHN CLARKE: Yes, we can make it a hell of a lot faster.

BRYAN DAWE: What sort of broadband have we been paying for?

JOHN CLARKE: You're obviously with BigPond, are you?

BRYAN DAWE: Yes, I am.

JOHN CLARKE: One or two minor problems?

BRYAN DAWE: I can't begin to tell you, Mr Howard.

JOHN CLARKE: Try and keep your personal grievance out of the interview.

BRYAN DAWE: Are you going to relax?

JOHN CLARKE: I'm not going to say, but watch me go.

BRYAN DAWE: My brother lives in the bush so I better ring him before you change the rules and I
can't afford to call.

JOHN CLARKE: Don't get off until Sunday night, Bryan.

BRYAN DAWE: Who thinks this is a good idea?

JOHN CLARKE: A lot of people.

BRYAN DAWE: Who? Nick Minchin.

JOHN CLARKE: Not just him.

BRYAN DAWE: Who else?

JOHN CLARKE: Helen Coonan, Peter Costello. Someone I met on a plane called SingTel. Can I make a
suggestion about your super fund?

BRYAN DAWE: No, no, no.

JOHN CLARKE: Bryan, the Melbourne Cup never has been won by a Mexican.

BRYAN DAWE: What is he carrying?

JOHN CLARKE: Helen Coonan, Nick Minchin, me and a bloke I met on a plane called SingTel.

MAXINE MCKEW: There you are, a preview of the sales pitch. Stateline is at this time tomorrow and
Kerry O'Brien will be back in the chair on Monday. Until next time, goodnight.