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ELEMENTOS LIMITED Capital/Financing Update 2010

Apr 5, 2010

64837_rns_2010-04-05_ce9c7d55-759f-4353-bdc0-685300b88ffe.pdf

Capital/Financing Update

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6 April 2010

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ASX ANNOUNCEMENTS AUSTRALIAN STOCK EXCHANGE

CONFIRMATION OF IN SPECIE DISTRIBUTION OF SHARES

Orocobre Limited (ASX: ORE) advises that it has completed the in specie distribution of 20,000,001 shares held in ASX listed Elementos Limited (ASX: ELT) to eligible shareholders. The distribution was one Elementos share for every 4.0408888 Orocobre shares held at the record date. Holding statements are being mailed to shareholders.

The distribution was approved at a General Meeting of Orocobre shareholders held on 23 March 2009.

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Paul Crawford Company Secretary

For further information contact:

Paul Crawford Company Secretary

Phone: +61 7 3871 3985 E-Mail: [email protected]

Website: www.orocobre.com.au

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