ASPERMONT LIMITED. — Capital/Financing Update 2007

Aug 20, 2007

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ASX Release 21[st ] August 2007 Perth

Aspermont purchases 49% of Tonkin Corporation

Aspermont Limited and Tonkin Corporation have signed a Binding Heads of Agreement for Aspermont to purchase a 49% shareholding in Tonkin Corporation Pty Limited for the total consideration of $1.906m with staggered payment.

Tonkin Corporation is a business information provider offering trend­based conferences and workshops on the law, financial services, property, human resources, mining and energy. Its success in seizing market share is due in part to its reputation for dependable, high­quality events and for the scaleable business model it has developed.

The Business Review Weekly ranked Tonkin Corporation the 58[th ] and 110[th ] fastest growing Australian company in 2004 and 2005 respectively. That source further recognised Tonkin Corporation as Australia’s 21[st ] largest start­up in 2005, ranking it number 1 in executive education.

This acquisition furthers Aspermont’s strategy of expanding its reach into the conference sector, identified as a key growth area for the Company. Tonkin Corporation’s business readily compliments Aspermont’s existing key sectors.

The two companies will be working closely to develop information services for a variety of business sectors.

Aspermont Chief Executive Officer, Colm O'Brien said: "The acquisition of the shareholding in Tonkin is a fantastic step forward for the business and will greatly assist our overall conference offering both in terms of sectors and products. It is envisaged that Tonkin Corporation and Aspermont will work closely on a combined strategy and expansion plans.”

Kenelm Tonkin, Managing Director, Tonkin Corporation commented: “The strategic intentions of both companies are unambiguously in sync and there are mutual cross­ promotion opportunities across all information products ­ print, verbal and electronic. Tonkin offers Aspermont a high growth investment opportunity consistent with its ambitions.”

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For further information contact:

Colm O’Brien Chief Executive Officer

Russell Hardwick Company Secretary

Telephone +61 8 6263 9100 Facsimile +61 8 6263 9177

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