ASX RELEASE

Date: Wednesday 14 December 2011

Completion of share consolidation

Asciano completes its 1 for 3 share consolidation today. This consolidation, which was achieved through the conversion of 3 fully paid ordinary shares into one fully paid ordinary share, was approved by a resolution of shareholders at the Company's Annual General Meeting held on 10 November 2011.
Following the consolidation, the total number of Asciano shares on issue is 975,385,664. The quantum and exercise price of options over the Company's shares issued under the Company's employee share plans have also been adjusted.
New holding statements have been dispatched to shareholders today advising them of their holdings on a post consolidation basis.
In accordance with the timetable for the consolidation, normal trading will commence tomorrow, 15 December 2011 and the Asciano ticker will return to AIO. Settlement of all trades conducted on a deferred settlement basis and first settlement of trades conducted on a normal (T + 3) basis will occur on 20 December 2011.

Ends

Investor and Analyst Inquiries:

Kelly Hibbins
Phone: +61 2 8484 8046

Media Inquiries:

Vida Cheeseman
Phone: +61 2 8484 8103
Email: Kelly_hibbins@asciano.com.au Mobile: +61 410 597 547

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