Nov 27 (Reuters) - Bellamy's Australia Ltd BAL.AX :
* SETTLES CLASS ACTION PROCEEDINGS
* REACHED AGREEMENT TO SETTLE TWO PREVIOUSLY ANNOUNCED SHAREHOLDER CLASS ACTION PROCEEDINGS
* SETTLEMENT OF BOTH CLAIMS, WHICH IS WITHOUT ANY ADMISSION OF LIABILITY, IS SUBJECT TO FEDERAL COURT APPROVAL
* TOTAL SETTLEMENT AMOUNT TO SETTLE BOTH PROCEEDINGS, $49.7 MILLION INCLUSIVE OF INTEREST AND COSTS, IS FULLY INSURED
* SETTLEMENT AMOUNT WILL HAVE NO IMPACT ON CO'S FINANCIAL RESULTS AT ANY TIME Source: Further company coverage: BAL.AX