CTI LOGISTICS LIMITED — Share Issue/Capital Change 2008

Nov 26, 2008

ABN 69 008 778 925

328 Aberdeen Street West Perth WA 6005 Postal Address PO Box 400 West Perth

Western Australia 6872 Telephone (08) 9227 6333 Facsimile (08) 9227 8000 Email corporate@ctilogistics.com

Web www.ctilogistics.com

27 November 2008

The Manager Company Announcements Office Australian Stock Exchange 20 Bridge Street SYDNEY NSW 2000

Dear Sir

CHANGE TO BONUS SHARE ISSUE DATE

CTI Logistics Limited wishes to advise that the record date for the one for five bonus share issue will now be 5 December 2008 instead of 1 December 2008. As a result the date of entering securities into uncertificated holdings or despatch of certificates will now be 19 December 2008.

An amended Appendix 3B is lodged with this letter.

Yours, faithfully

DAVID A MELLOR COMPANY SECRETARY

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Amended Appendix 3B

New issue announcement. application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005

Name of entity

CTI Logistics Limited

ABN

69 008 778 925

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

$\mathbf{I}$ ⁺Class of ⁺securities issued or to | be issued

Ordinary Shares

• Number of ⁺securities issued or $\overline{a}$ to be issued (if known) or maximum number which may be issued
• Principal terms of the ⁺securities 3 (eg, if options, exercise price and expiry date; if partly paid ⁺securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

Up to a maximum of 6,836,284 ordinary shares (final number to be determined after rounding down calculations)

⁺ See chapter 19 for defined terms.

4	Do the + securities rank equally in all respects from the date of allotment with an existing + class of quoted + securities?	Yes
	If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution interest or payment
5	Issue price or consideration	Nil
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	To improve stock liquidity at this time
7	Dates of entering + securities into uncertificated holdings or despatch of certificates	19 December 2008
8	and + class of Number all + securities quoted on ASX including) the securities in clause 2 if applicable)	Number 34,182,421 (including the securities in Clause $2 - 41,018,705$ ordinary shares (number be to finalised after bonus issue rounded down	+ Class Ordinary shares

total is determined)

24/10/2005

⁺ See chapter 19 for defined terms.

Number and ⁺class of all $\overline{9}$ *securities not quoted on ASX (including the securities in clause 2 if applicable)

Number	+ Class
Nil

10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

To rank pari passu with existing shares

Part 2 - Bonus issue or pro rata issue

• $\mathbf{u}$ Is security holder approval | $No$ required?
• Is the issue renounceable or non-12 renounceable?
• Ratio in which the 'securities | One new share for every five shares held 13 will be offered
• ⁺Class of ⁺securities to which the 14 offer relates

+Record date to determine $15$ entitlements

• Will holdings on 16 different registers (or subregisters) be aggregated calculating for entitlements?
• Policy for deciding entitlements $17$ in relation to fractions

18 Names of countries in which the entity has ⁺security holders who will not be sent new issue documents Note: Security holders must be told how their

entitlements are to be dealt with Cross reference: rule 7-7-

Closing date for receipt of 19 acceptances or renunciations

5 December 2008

Ordinary fully paid shares

$\overline{a}$

Rounding down

• See chapter 19 for defined terms.

Appendix 3B
New issue announcement

20	Names of any underwriters
21	Amount of any underwriting fee or commission
22	Names of any brokers to the issue
23	Fee or commission payable to the broker to the issue
24	Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of + security holders
25	If the issue is contingent on *security holders' approval, the date of the meeting
26	Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled
27	If the entity has issued options, and the terms entitle option holders participate to on exercise, the date on which notices will be sent to option holders
28	Date rights trading will begin (if applicable)
29	Date rights trading will end (if applicable)
30	How do + security holders sell their entitlements in full through a broker?
31	How do + security holders sell of their entitlements part through a broker and accept for the balance?	$\qquad \qquad \blacksquare$

• See chapter 19 for defined terms.

32 How do ⁺security holders dispose of their entitlements (except by sale through a broker)?

33 ⁺Despatch date

19 December 2008

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• Type of securities 34 (tick one)
• $(a)$ Securities described in Part 1
• All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35

$(b)$

• If the *securities are *equity securities, the names of the 20 largest holders of the additional ⁺securities, and the number and percentage of additional ⁺securities held by those holders
• 36 If the *securities are *equity securities, a distribution schedule of the additional *securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ $5,001 - 10,000$ 10,001 - 100,000

100,001 and over

37

A copy of any trust deed for the additional +securities

⁺ See chapter 19 for defined terms.

Entities that have ticked box 34(b) 38 Number of securities for which ⁺quotation is sought Class of ⁺securities for which 39 quotation is sought Do the ⁺securities rank equally in 40 all respects from the date of allotment with an existing ⁺class of quoted *securities? If the additional securities do not rank equally, please state: • the date from which they do the extent to which they $\bullet$ participate $f_{\rm O}$ the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do $\bullet$ not rank equally, other than in relation to the next dividend. distribution $\overline{\text{or}}$ interest payment Reason for request for quotation 41 now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) Number ⁺Class Number and ⁺class of all $4²$ ⁺securities quoted on ASX

(including the securities in clause

$38)$

⁺ See chapter 19 for defined terms.

Quotation agreement

$\mathbf{1}$

• *Quotation of our additional *securities is in ASX's absolute discretion. ASX may quote the ⁺securities on any conditions it decides.
• We warrant the following to ASX. $\overline{2}$
• The issue of the *securities to be quoted complies with the law and is not for an illegal purpose.
• There is no reason why those 'securities should not be granted rquotation.
• An offer of the *securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any *securities to be quoted and that no-one has any right to return any *securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the 'securities be quoted.
• If we are a trust, we warrant that no person has the right to return the *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the *securities be quoted.
• We will indemnify ASX to the fullest extent permitted by law in respect of any $\overline{\mathbf{3}}$ claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• We give ASX the information and documents required by this form. If any $\overline{4}$ information or document not available now, will give it to ASX before *quotation of the *securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Date: 27 November 2008

Sign here:

(Director/Company secretary)

Print name:

DAVID MELLOR

== == == == ==

24/10/2005Appendix 3B Page 7

⁺ See chapter 19 for defined terms.