AMOTIV LIMITED — M&A Activity 2010

Jul 21, 2010

==> picture [418 x 69] intentionally omitted <==

==> picture [418 x 68] intentionally omitted <==

22 July 2010

GUD’s recommended offer for Dexion Limited

Extension of offer period

G.U.D. Holdings Limited has today extended its recommended offer for all the ordinary shares in Dexion Limited so that it will now close on Friday, 13 August 2010.

Key features of GUD’s offer include:

• the offer price of 80 cents cash for each Dexion share represents a 100% premium to the Dexion closing share price on 20 May 2010 (the last trading day prior to the announcement that GUD and Dexion had entered into a takeover bid implementation agreement);

• the Dexion Board unanimously recommends the offer to shareholders and each director of Dexion intends to accept the offer for their own Dexion shares, in the absence of a superior proposal; and

• a number of Dexion’s largest shareholders have either already accepted the offer or have stated that they intend to accept the offer, in the absence of a superior proposal.

A copy of the formal notice of variation is attached.

For the purposes of ASX Listing Rule 3.2:

• at the date of the offer (2 July 2010), GUD had a relevant interest in 0% of Dexion ordinary shares; and

• at the date of this offer extension (22 July 2010), GUD has a relevant interest in 38.05% of Dexion ordinary shares.

---

For investor enquiries contact:

Ian Campbell Managing Director GUD Holdings Limited +613 9243 3332

A copy of this notice was lodged with ASIC on 22 July 2010. ASIC takes no responsibility for the contents of this notice.

G.U.D. Holdings Limited

Takeover offer for Dexion Limited

Notice of variation – Extension of offer period

To: Australian Securities and Investments Commission

Dexion Limited

Each person to whom offers were made under the takeover bid referred to in this notice

G.U.D. Holdings Limited ABN 99 004 400 891 gives notice that its takeover offers for all of the ordinary shares in Dexion Limited contained in its bidder’s statement dated 25 June 2010 are varied by extending the period during which the offer will remain open so that the offer will now close at 7.00pm (Melbourne time) on 13 August 2010.

Accordingly, the new date for the purposes of giving notice of status of defeating conditions will be 5 August 2010.

As at the date of this notice, the offers have not been freed of the defeating conditions and, so far as GUD knows, none of the conditions to the offers have been fulfilled, though no event has occurred which could prevent any condition being satisfied.

DATED : 22 July 2010

Signed for and on behalf of

G.U.D. Holdings Limited

==> picture [103 x 64] intentionally omitted <==

Clive K Hall Chairman