BOOM LOGISTICS LIMITED — Capital/Financing Update 2011

Apr 28, 2011

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Boom Logistics Limited Announcement

29 April 2011 ASX code: BOL

BOOM LOGISTICS LIMITED – CORNERSTONE POSITION SECURED FOR REFINANCING

Boom Logistics Limited (“Boom”) is pleased to announce that it has successfully obtained financing approval from National Australia Bank for a cornerstone position of $75 million in the refinancing of its existing debt facility.

Boom’s existing facility expires in September 2011 and the Company intends to finalise a facility of $150 million well in advance of this expiry date.

National Australia Bank are the Mandated Lead Arranger and Bookrunner for Boom’s refinancing and will take this transaction to the market and work with a select number of potential lenders to finalise Boom’s funding commitments and syndication arrangements.

Further Information:

Brenden Mitchell Managing Director +61 3 9207 2500

Iona MacPherson Chief Financial Officer +61 3 9207 2500

ABN 28 095 466 961

BOOM Logistics Limited Level 6, 55 Southbank Boulevard Southbank VIC 3006

T +61 3 9207 2500 F +61 3 9207 2400

www.boomlogistics.com.au