EVT LIMITED — Capital/Financing Update 2009

Dec 7, 2009

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

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

Amalgamated Holdings Limited (AHL)

ABN

51 000 005 103

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).

1 +Class of+securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the+securities (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)	Fully paid ordinary shares.
	26,080,088 ordinary shares allotted under the undocumented renounceable Entitlement Offer.
	As per existing ordinary shares.

• See chapter 19 for defined terms.

Appendix 3B Page 1

1/1/2003

4 Do the+securities rank equally in 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 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 or interest payment 5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) 7 Dates of entering+securities into uncertificated holdings or despatch of certificates 8 Number and+class of all +securities quoted on ASX (_including_the securities in clause 2 if applicable)	Yes, the new fully paid ordinary shares will rank pari passu in all respects with existing fully paid ordinary shares.	Yes, the new fully paid ordinary shares will rank pari passu in all respects with existing fully paid ordinary shares.
	AUD$4.10 per fully paid ordinary share.
	The proceeds of the Entitlement Offer will be used to strengthen AHL’s capital base and provide increased financial flexibility to pursue growth opportunities.
	8 December 2009.
	Number	+Class
	155,089,963	Fully paid ordinary shares.

• See chapter 19 for defined terms.

Appendix 3B Page 2

24/10/2005

Number +Class 9 Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable) 22,300 19,800 66,900 30,100 35,520 1,211,708 Employee Shares (AHDAK) Employee Shares (AHDAO) Employee Shares (AHDAQ) Employee Shares (AHDAS) Employee Shares (AHDAU) Performance Shares (subject to condition hurdles and performance period requirements) issued under the AHL Performance Share Plan (AHDAW) 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) No change. art 2 - Bonus issue or pro rata issue 11 Is security holder approval required? No. 12 Is the issue renounceable or non‐ renounceable? Renounceable. 13 Ratio in which the+securities will be offered One (1) new ordinary share for every five (5)ordinaryshares held. 14 +Class of+securities to which the offer relates Fully paid ordinary shares. 15 +Record date to determine entitlements 7.00pm (EDT) Thursday, 12 November 2009. 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? Yes. 17 Policy for deciding entitlements in relation to fractions Where fractions arise in the calculation of an entitlement under the Entitlement Offer they will be rounded up to the next whole number.	Number	+Class
	22,300 19,800 66,900 30,100 35,520 1,211,708	Employee Shares (AHDAK) Employee Shares (AHDAO) Employee Shares (AHDAQ) Employee Shares (AHDAS) Employee Shares (AHDAU) Performance Shares (subject to condition hurdles and performance period requirements) issued under the AHL Performance Share Plan (AHDAW)
	No change.
	No.
	Renounceable.
	One (1) new ordinary share for every five (5)ordinaryshares held.
	Fully paid ordinary shares.
	7.00pm (EDT) Thursday, 12 November 2009.
	Yes.
	Where fractions arise in the calculation of an entitlement under the Entitlement Offer they will be rounded up to the next whole number.

Part 2 - Bonus issue or pro rata issue

• See chapter 19 for defined terms.

Appendix 3B Page 3

24/10/2005

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. 19 Closing date for receipt of acceptances or renunciations 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 to participate 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)	All countries other than Australia and New Zealand.
	5.00pm EDT Monday 30 November 2009.
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	Monday, 16 November 2009 (note – undocumented rights issue so shareholders will receive an offer booklet but not a prospectus).
	N/A
	Friday, 6 November 2009.
	Monday, 23 November 2009.

• See chapter 19 for defined terms.

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24/10/2005

30 How do+security holders sell their entitlements_in full_through a broker? 31 How do+security holders sell _part_of their entitlements through a broker and accept for the balance? 32 How do+security holders dispose of their entitlements (except by sale through a broker)? 33 +Despatch date	If shareholders wish to sell all of their rights on the ASX, they should instruct their stockbroker personally and provide details as requested from the Entitlement and Acceptance Form accompanying the offer booklet in respect of the offer.
	If shareholders wish to sell part of their rights on ASX and take up the balance, they will need to: • instruct their Stockbroker personally and provide details as requested from the Entitlement and Acceptance Form accompanying the offer booklet in respect of the offer; and • forward the slip attached to the Entitlement and Acceptance Form to AHL’s share registry together with a cheque, or bank draft or money order for the shares applied for (or make payment using BPAY), in each case in accordance with the instructions on the form.
	If shareholders wish to sell some or all of their rights other than on ASX, they will need to complete a standard renunciation form.
	Tuesday, 8 December 2009.

Part 3 - Quotation of securities

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

34	Type of securities	Type of securities
	(tick one)
(a)		Securities described in Part 1
(b)		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

• See chapter 19 for defined terms.

Appendix 3B Page 5

24/10/2005

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 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.

Appendix 3B Page 6

24/10/2005

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• 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 +quotation.

• 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.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any 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.

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Sign here: ............................................................ Date: 8 December 2009 Company secretary

Print name: GREGORY DEAN

== == == == ==

• See chapter 19 for defined terms.

Appendix 3B Page 7

24/10/2005