Media Release Sale of Securency

Innovia Films has informed the Reserve Bank that it has decided to sell its half-share of Securency, after having been made aware of strong interest from potential buyers. Consequently, the Board of the Reserve Bank has carefully considered its ownership options. It has concluded that, in view of Innovia's decision, the unsolicited expressions of interest that the Reserve Bank has also received, and taking account of the Board's long-standing intention to exit from Securency once the company had established itself as a viable long-term supplier in the international market for banknote substrate, the best option would be to pursue a joint sale with Innovia.

Macquarie Capital Advisers has been appointed as the adviser to the two parties.