EVT LIMITED — Capital/Financing Update 2009

Dec 2, 2009

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3[rd] December 2009

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS.

ASX ANNOUNCEMENT

RENOUNCEABLE ENTITLEMENT CLOSES FULLY SUBSCRIBED

The listed entertainment, hospitality and leisure operator Amalgamated Holdings Limited (“AHL”) announces that its non-underwritten $107 million, 1 for 5 renounceable rights issue has closed with the full $107 million being subscribed by shareholders.

Chairman of AHL, Mr Alan Rydge said: “We are very pleased with the result of the Entitlement Offer and appreciate the strong support shown by our shareholders. The successful $107 million raising places AHL in an excellent position to pursue growth opportunities that may arise in the market”.

The offer closed on Monday 30 November with over 96% of rights being taken up by existing shareholders. Shareholders were also offered the opportunity to subscribe for additional shares if there were any unexercised rights. There were only approximately 1 million unexercised rights.

Strong demand from shareholders resulted in all additional shares from unexercised rights being allocated. The offer therefore raised the full $107 million from shareholders.

"Over 2,000 of our shareholders sought additional shares through the oversubscription facility in our rights offer" said Mr Rydge. "This strong demand could not be met because there were relatively few new shares available for additional subscriptions. In keeping with the Board's objective of treating all shareholders fairly, these shares have been allocated on a pro-rata basis to every shareholder seeking additional shares. The strength of demand and the small number of shares available meant additional allocations were capped at approximately 1 additional share for every 8 shares held by those applicants."

Caliburn advised AHL on the capital raising.

For media enquiries contact:

AHL (02 9373 6600)		Caliburn (02 9229 1410)
Mr David Seargeant	Managing Director	Mr Simon Mordant	Joint Chief Executive
Mr Greg Dean	Company Secretary	Mr Rowan Johnston	Senior Adviser

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS.

This announcement does not constitute an offer to sell or a solicitation of an offer to buy , securities in the United States, or to any person that is, or is acting for the account or benefit of, any “U.S. person” (as defined in Regulation S under the U.S. Securities Act of 1933 as amended (the U.S. Securities Act) ( U.S. Person) ). The securities referred to herein have not been, and will not be, registered under the U.S. Securities Act and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. Persons unless the securities are registered under the U.S. Securities Act or an exemption from the registration requirements of the U.S. Securities Act is available.

This announcement contains certain forward-looking statements. The words “anticipate”, “believe”, “expect”, “project”, “estimate”, “likely”, “intend”, “should”, “could”, “may”, “target”, “plan” and other similar expressions are intended to identify forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of AHL and its officers, employees, agents or associates, which may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from these forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. These forward-looking statements are based on information available to AHL as of the date of this release. Except as required by law or regulation, AHL assumes no obligation to update such information.

Amalgamated Holdings Limited A B N 5 1 0 0 0 0 0 5 1 0 3

49 Market Street, Sydney NSW 2000

Telephone: +61 2 9373 6600 Facsimile: +61 2 9373 6534