ABACUS GROUP — M&A Activity 2007

Nov 22, 2007

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ASX ANNOUNCEMENT
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Successful close of Takeover Bid for U Stow It

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Abacus announces that the offer period for its off-market takeover bid for shares in U-Stow-It Holdings Limited ended at 7.00 pm on 22 November 2007.

The bid was initially subject to a 30% minimum acceptance condition, and became unconditional on 17 October 2007.

In accordance with Listing Rule 3.3, Abacus advises that:

• (a) the percentage of securities in the bid class in which Abacus and its associates have a relevant interest is 58.07%; and

• (b) compulsory acquisition will not proceed.

Ellis Varejes Company Secretary 612 9253 8600

23 November 2007