ALS LIMITED — Capital/Financing Update 2009

Sep 30, 2009

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1 October 2009

The Manager Company Announcements Platform ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

Notice under section 708AA(2)(f) of the Corporations Act 2001 as modified by ASIC Class Order 08/35

This notice is given by Campbell Brothers Limited ABN 92 009 657 489 ( CPB ) under section 708AA(2)(f) of the Corporations Act 2001 (Cth) ( Act ) as modified by the Australian Securities and Investments Commission Class Order CO 08/35 ( CO 08/35 ).

CPB has announced a renounceable pro-rata rights issue ( Rights Issue ) on the basis of 1 fully paid ordinary share in CPB ( New Share ) for each 6 CPB shares held by shareholders at an issue price of A$22.00 per New Share. The Record Date for the Rights Issue is Monday, 12 October 2009.

If fully subscribed, the Rights Issue will raise approximately A$196.6 million. The Rights Issue is fully underwritten by J.P. Morgan Australia Limited and RBS Morgans Corporate Limited.

CPB advises that:

• (a) the New Shares will be offered for issue without disclosure to investors under Part 6D.2 of the Act;

• (b) this notice is being given under sections 708AA(2)(f) of the Act as modified by CO 08/35;

• (c) as at the date of this notice, CPB has complied with:

  • (i) the provisions of Chapter 2M of the Act as they apply to CPB; and

  • (ii) section 674 of the Act;

• (d) as at the date of this notice, there is no excluded information of the type referred to in sections 708AA(8) and 708AA(9) of the Act as modified by CO 08/35;

Level 2, 299 Coronation Drive PO Box 2191 Milton Queensland 4064 Australia Telephone +61 7 3367 7900 Facsimile + 61 7 3367 8156 www.campbell.com.au

CAMPBELL BROTHERS LIMITED ABN 92 009 657 489

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• (e) any effect of the issue of New Shares on the control of CPB, and the consequences of that effect, will depend on a number of factors, including investor demand and the level of trading of entitlements. However, given that:

  • (i) the Rights Issue is structured as a pro-rata issue;

  • (ii) the number of New Shares to be issued under the Rights Issue is approximately 8,940,000, which is 16.67% of the 53,620,771 ordinary CPB shares currently on issue; and

  • (iii) based on substantial holder notices that have been lodged on or prior to the date of this notice) no CPB shareholder has voting power exceeding 12% of CPB's issued shares,

the issue of the New Shares is not expected to have any effect or consequences for the control of CPB.

By order of the Board

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Tim Mullen Company Secretary