June 25 (Reuters) - Gateway Lifestyle Group GTY.AX :
* RECEIPT OF REVISED INDICATIVE, NON-BINDING PROPOSAL HOMETOWN
* RECEIVED A REVISED CONFIDENTIAL, INDICATIVE AND NON-BINDING PROPOSAL FROM HOMETOWN
* DEAL TO BUY 100% OF ISSUED STAPLED SECURITIES OF GATEWAY LIFESTYLE AT AN INDICATIVE PRICE OF $2.35 PER SECURITY
* HOMETOWN ALSO INDICATED THAT IT HOLDS A RELEVANT INTEREST IN GATEWAY LIFESTYLE SECURITIES OF 18.2% AS AT 23 JUNE
* STARTED ASSESSMENT OF REVISED HOMETOWN PROPOSAL, AND IMPLICATIONS FOR EXCLUSIVITY AGREEMENT CURRENTLY IN PLACE WITH BROOKFIELD