Dear FSU Member, 

As a St George/Bank SA employee you might also have shares in the company and we are seeking your support to oppose the takeover by Westpac. 

The Finance Sector Union is opposing Westpac’s merger plan because we believe that the loss of a great company like St George/Bank SA will not be good for customers, employees nor for Australia’s banking industry. 

As both an employee and shareholder you have contributed to the development of an iconic Australian company that has brought rigorous competition to our banking sector. At the same time shareholders have benefited from consistently good returns as a result of the efforts of St George/Bank SA staff and their focus on serving their communities. 

In order to ensure that all shareholders receive both sides of the argument about the proposed merger, we would like to make sure that the attached statement is circulated with the papers regarding the merger ahead of the Extraordinary General Meeting. 

To achieve this, the Corporations Act requires us to gather 100 signatures from direct St George shareholders. If you are a St George shareholder and are concerned about the proposed merger and what it will mean for jobs, customers and shareholders please take the time to sign the attached statement and send it back to us in the enclosed reply paid envelope to arrive by no later than Friday 12^th September 2008.

If you know of other St George/Bank SA employees who own shares in St George they too can sign the statement.

If you have any questions in relation to this matter or would like further information please contact the FSU on 1300 366 378.

Thank you for your support.

Yours truly, 
Leon Carter
National Secretary