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Origin Energy Limited ("Origin") today announced that it had successfully completed the initial issue of fully paid ordinary shares following the Entitlement Offer announced on 15 March 2011.

Origin has issued 86,875,125 new shares under the institutional component of the Entitlement Offer, raising approximately $1.1 billion (net of fees). Trading of these shares will commence today.

The number of Origin shares on issue prior to the issue of the shares referred to above was 885,309,012. Following this issue, the number of Origin shares on issue is 972,184,137.

The Retail Entitlement Offer opened on 21 March 2011 and will close at 5.00pm (Sydney time) on 13 April 2011. Eligible retail shareholders who do not wish to take up all or part of their entitlement may sell all or part of their entitlement on ASX until 6 April 2011.

Shareholder Enquiries

Eligible retail shareholders who have questions relating to the Entitlement Offer should call the Origin Offer Information line on 1300 664 446 (within Australia) or +61 2 8280 7155 (outside Australia) from 8.30am to 5.30pm (Sydney time) Monday to Friday before 6 May 2011 or go to our Entitlement Offer website at www.originoffer.com.au .

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