BOOM LOGISTICS LIMITED — Earnings Release 2008

Nov 29, 2007

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Boom Logistics Limited Announcement

November 30, 2007 ASX code BOL

The Company advises that the first half net profit after tax is expected to range between $17 and $18million. This corresponds to a position between the first and second half performance during the previous year. The final position will depend upon the timing of the usual pre-Christmas slowdown in general business activity.

As indicated to the market in Wednesday’s release, factors affecting first half performance include:

• port congestion in Queensland and NSW;

• the Queensland 10 year rebuild programme to meet legislative and Queensland customer requirements;

• strong competition in the access hire market impacting on margins and staff retention; and

• shortage of heavy equipment supply.

Looking forward, we would anticipate some improvement in operating conditions into the second half of the year.

Media enquiries: Tim Duncan @ Hintons & Associates (03) 9600 1979