ALS LIMITED — Capital/Financing Update 2015

Nov 25, 2015

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26 November 2015

Mr Adrian Smythe Manager, Listings Compliance ASX Compliance Pty Ltd 20 Bridge Street SYDNEY NSW 2000

Dear Adrian

ALS Limited (ASX: ALQ) – Request for trading halt

Pursuant to ASX Listing Rule 17.1, ALS Limited (ASX: ALQ ) (the Company ) requests a trading halt be granted by ASX in respect of its ordinary shares from the commencement of trading on Thursday, 26 November 2015.

The trading halt is requested in connection with the institutional component of the Company's accelerated non-renounceable entitlement offer ( Institutional Entitlement Offer ). In accordance with ASX Listing Rule 17.1, the Company provides the following information: 1. Reason for trading halt – the trading halt is requested to allow the Institutional Entitlement Offer to take place in an orderly fashion.

1. Duration of the trading halt – the Company anticipates that the trading halt will remain in place until the earlier of such time as it makes an announcement to the market in relation to the outcome of the Institutional Entitlement Offer and the commencement of trading on Monday, 30 November 2015.

2. Termination of the trading halt – the Company anticipates that the trading halt will cease upon it announcing the outcome of the Institutional Entitlement Offer.

3. No reason – the Company is not aware of any reason why the trading halt should not be granted.

5. Further information – none.

If you have any queries, please contact the writer.

Yours sincerely ALS LIMITED

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Tim Mullen Company Secretary