EVT LIMITED — Capital/Financing Update 2007

Aug 14, 2007

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15 August 2007

AMALGAMATED SELLS STAKE IN ROADSHOW DISTRIBUTORS

Amalgamated Holdings Ltd (ASX: AHD) announced today that it had sold its 50% shareholding in Roadshow Distributors Pty Ltd to Village Roadshow Ltd (ASX: VRL). The sale price of $129.4 million included the extinguishment of $34.4 million in shareholder loans owing by AHD. The cash proceeds received net of the loans was $95 million.

In announcing the sale, the Managing Director of AHD Mr David Seargeant said: “whilst we acknowledge the tremendous contribution by Village in growing this business to the success it now enjoys, we believe that as Amalgamated, we need to more fully focus our investment strategy on our core businesses, and those which we directly control and manage.”

Mr Seargeant added: “the proceeds of the sale will be utilised in the immediate short term to repay Group debt and in the medium term, fund the property development activities to be undertaken by the Company. These property development activities include potential hotel developments at Thredbo, the Gowings and State Theatre buildings and the selected redevelopment of certain owned redundant cinema sites and the retention of these as investment properties.”

The sale does not impact on the successful cinema joint venture in Australia between AHD and VRL, which operates some 38 multiplex sites representing 433 screens.

The sale represents a pre-tax profit on the equity accounted investment of $64.4 million and this will be recorded as an individually significant item in the 2007/08 financial statements.

The company is expecting to announce its full year result for 2006/07 on the 23[rd] August 2007.

For further information telephone 02 9373 6600:

Mr David Seargeant Managing Director Mr Greg Dean Company Secretary