EVT LIMITED — Capital/Financing Update 2009

May 14, 2009

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15[th] May 2009

ASX ANNOUNCEMENT

The listed entertainment, hospitality and leisure operator Amalgamated Holdings Limited (“AHD”) today announced it had entered into a contract for the acquisition of the Rydges Sabaya Resort, Port Douglas for a purchase price of $20.55 million.

Rydges Sabaya Resort comprises 127 apartments and associated resort facilities. A total of 23 apartments are held by private interests and are not part of the acquisition. The 104 apartments acquired by AHD are a combination of one and two bedroom apartments, comprising a total of 162 keys. The property was extensively refurbished in 2007 and is currently managed by Rydges Hotels Limited, a wholly owned subsidiary of AHD.

In announcing the acquisition, the Managing Director of AHD, Mr David Seargeant said: "the acquisition of Rydges Sabaya adds to our ownership of properties in key resort locations in Australia and New Zealand" adding "Port Douglas is an iconic Australian destination and we are delighted to acquire such a high quality resort in that market".

AHD is the parent of the Rydges Hotel brand. Rydges currently operates 42 hotels throughout Australia and internationally in New Zealand, London and the Middle East.

For further information telephone 02 9373 6600:

Mr David Seargeant Managing Director Mr Greg Dean Company Secretary

Amalgamated Holdings Limited A B N 5 1 0 0 0 0 0 5 1 0 3 49 Market Street, Sydney NSW 2000