CADOUX LIMITED — Capital/Financing Update 2005

Nov 24, 2005

SOLBEC LODGES PROSPECTUS TO EXCHANGE OPTIONS

Summary

Solbec lodges prospectus to offer 1 ordinary share for each 7 listed options held at ٠ 25 November 2005

Perth, Australia. Friday 25 November 2005: The Company advises that today it lodged with ASIC and ASX its prospectus pursuant to which the Company will offer 1 ordinary share in exchange for every 7 listed options held at the Entitlement Date;

Further Information:

• $1.$ The Entitlement Date for determining entitlements is 25 November 2005.
• $\overline{2}$ . The Closing Date for acceptances is 22 December 2005.

The Company anticipates posting the prospectus to entitled optionholders next week.

Further information:

Tony Kiernan Chairman $(08)$ 9323 0999 Tel: Mob: 0418 912 843 Email: tkiernan@cvlawyers.com.au