ALS LIMITED — Major Shareholding Notification 2009

Nov 8, 2009

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

PEARLSTREET LIMITED

ACN/ARSN

107 329 224

1. Details of substantial holder (1)

Name AUSTRALIAN LABORATORY SERVICES PTY LTD ACN/ARSN (if applicable) 009 936 029

There was a change in the interests of the substantial holder on 06/11/2009 The previous notice was given to the company on 27/10/2009 The previous notice was dated 27/10/2009

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a	The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a
relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:
Previous notice Present notice
Class of securities (4) Person’s votes Voting power(5) Person’s votes Voting power(5)
ORD 14,977,624 19.9% 14,977,624 18.16%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
29/10/2009	AUSTRALIAN LABORATORY SERVICES PTY LTD	ISSUE OF NEW SHARES BY PEARLSTREET LIMITED BETWEEN 29/10/2009 AND 06/11/2009 TO PERSONS EXERCISING OPTIONS.	NO CONSIDERATION WAS PROVIDED BY AUSTRALIAN LABORATORY SERVICES PTY LTD FOR THE ISSUE OF THE NEW SHARES.	N/A	THE NUMBER OF VOTING SHARES IN WHICH AUSTRALIAN LABORATORY SERVICES PTY LTD HAD A RELEVANT INTEREST AFTER THE EXERCISE OF THESE OPTIONS WAS UNCHANGED.

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

	Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes

ME_83338080_1 (W2003)

AUSTRALIAN LABORATORY SERVICES PTY LTD	ANTHONY EDWARD WOOLES AS TRUSTEE FOR THE WOOLES FAMILY TRUST AND THE A & A SUPERANNUATION FUND	ANTHONY EDWARD WOOLES AS TRUSTEE FOR THE WOOLES FAMILY TRUST AND THE A & A SUPERANNUATION FUND	RELEVANT INTEREST UNDER SECTION 608(1)(C) OF THE CORPORATIONS ACT 2001(CTH), BY REASON OF HAVING THE POWER TO CONTROL THE EXERCISE OF A POWER TO DISPOSE OF ORDINARY SHARES IN PEARLSTREET LIMITED HELD BY ANTHONY EDWARD WOOLES AS TRUSTEE FOR THE WOOLES FAMILY TRUST AND THE A & A SUPERANNUATION FUND, SUCH POWER ACQUIRED UNDER A PRE-BID OPTION DATED 27 OCTOBER 2009 (A COPY OF WHICH HAS PREVIOUSLY BEEN DISCLOSED TO ASX).	7,488,812 ORD	7,488,812
AUSTRALIAN LABORATORY SERVICES PTY LTD	ANTHONY EDWARD WOOLES AS TRUSTEE FOR THE WOOLES FAMILY TRUST AND THE A & A SUPERANNUATION FUND	ANTHONY EDWARD WOOLES AS TRUSTEE FOR THE WOOLES FAMILY TRUST AND THE A & A SUPERANNUATION FUND	RELEVANT INTEREST UNDER SECTION 608(1)(C) OF THE CORPORATIONS ACT 2001(CTH), BY REASON OF HAVING THE POWER TO CONTROL THE EXERCISE OF A POWER TO DISPOSE OF ORDINARY SHARES IN PEARLSTREET LIMITED HELD BY ANTHONY EDWARD WOOLES AS TRUSTEE FOR THE WOOLES FAMILY TRUST AND THE A & A SUPERANNUATION FUND, SUCH POWER ACQUIRED UNDER A PRE-BID OPTION DATED 27 OCTOBER 2009 (A COPY OF WHICH HAS PREVIOUSLY BEEN DISCLOSED TO ASX).	7,488,812 ORD	7,488,812

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows: N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
AUSTRALIAN LABORATORY SERVICES PTY LTD	LEVEL 2, 299 CORONATION DRIVE, MILTON, QLD 4064
ANTHONY EDWARD WOOLES AS TRUSTEE FOR THE WOOLES FAMILY TRUST AND THE A & A SUPERANNUATION FUND	LEVEL 1, 66 ST GEORGES TERRACE, PERTH, WA 6000

Signature

print name sign here	TIM MULLEN capacity SECRETARY
	date 09/11/2009

ME_83338080_1 (W2003)