AMOTIV LIMITED — M&A Activity 2009

Dec 21, 2009

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22 December 2009

Takeover bid by GUD Holdings Limited for Breville Group Limited Extension of offer period

G.U.D. Holdings Limited ( GUD ) today announced that it has extended its offer for all the ordinary shares in Breville Group Limited ( Breville ) so that the offer will now close on 5 February 2010.

GUD’s decision to extend the offer period has been made to allow it to consider the reasons for the Australian Competition and Consumer Commission’s ( ACCC ) decision to oppose the proposed acquisition. The ACCC’s reasons will be published in a Public Competition Assessment, which is likely to be released in late January 2010.

GUD has informed the ACCC that it will not declare its takeover bid free from the condition requiring ACCC approval prior to that time.

A copy of the formal notice of variation, together with an accompanying letter to be sent to Breville shareholders, is attached.

For the purposes of ASX Listing Rule 3.2:

• at the date of the offer (26 October 2009), GUD had a relevant interest in 19.4% of Breville ordinary shares; and

• at today’s date, GUD has a relevant interest in 20.7% of Breville ordinary shares. In addition, approximately 27.5% of Breville ordinary shares are the subject of acceptance instructions in the Institutional Acceptance Facility. In aggregate, this represents 48.2% of all Breville ordinary shares on issue.

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For more information contact:

Investor Enquiries

Media Enquiries

Ian Campbell Managing Director GUD Holdings Limited Tel: +613 9243 3332

Felicity Allen Kreab Gavin Anderson Tel: +613 9659 3000

David Mustow Executive Director Macquarie Capital Advisers Limited Tel: +61 (0) 408 580 268

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22 December 2009

Dear Shareholder

Re: GUD’s offer for Breville – extension of offer period

G.U.D. Holdings Limited has extended the offer period under its takeover bid for all the ordinary shares in Breville Group Limited.

The offer is now scheduled to close at 7:00pm (Melbourne time) on 5 February 2010. The extension will allow GUD to consider the reasons for the Australian Competition and Consumer Commission’s decision concerning the takeover bid, which will be outlined in the Public Competition Assessment expected in due course. A formal notice of variation required by the Corporations Act 2001 (Cth) is enclosed.

If you have already accepted GUD’s offer, you need not take any action.

If you have any queries in relation to how to accept the offer or any other matter relating to the takeover bid, please contact GUD’s offer information line on 1300 822 876 (local call charges apply) from within Australia or +613 9415 4686 (normal charges apply) from outside Australia.

Yours faithfully

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Clive K. Hall CHAIRMAN