AMOTIV LIMITED — M&A Activity 2007

Jul 9, 2007

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10 July, 2007

Manager, Company Announcements Australian Stock Exchange Limited Level 4, 20 Bridge St Sydney NSW 2000

Dear Sir,

RE: TRADING IN GUD HOLDINGS LIMITED SHARES

The Board of GUD Holdings Limited (“GUD”) notes this morning’s trade, by special crossing, of 2.5m GUD Holdings Limited shares (4.2% of shares on issue) at a price of $11.00 per share.

The Board has recently received approaches in relation to the ownership of GUD. The Board has rejected a proposal on the grounds that it was incomplete, highly conditional and did not reflect the Company’s fundamental value and growth opportunities.

GUD will keep the market informed of any further developments and has appointed Macquarie Bank to advise the company in relation to any proposals received in relation to its future ownership.

Yours faithfully,

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Malcolm G Tyler Company Secretary

Further information: David Mustow/Simon McKeon Macquarie Bank Limited +61 3 9635 8386/8100