EVT LIMITED — Earnings Release 2007

Aug 22, 2007

==> picture [83 x 45] intentionally omitted <==

23 August 2007

Germany Turnaround Drives Amalgamated

Major entertainment and hospitality operator Amalgamated Holdings Limited (ASX: AHD) today announced a record profit before tax of $102.4 million representing an increase of 34.2% over the prior year.

The result was driven by the strong performance of the group’s international cinema operations.

The Chairman of Amalgamated, Mr Alan Rydge, announced a final divided of 18 cents per share, bringing the total dividend for the year ended 30 June 2007 to 28 cents representing a lift of 17% over the total dividend of the previous year.

The net profit after tax for the group was $82.1 million, an increase of 38.3% over the previous year. The group realised some $20.5 million in profit before tax from individually significant items, which included the sale of Pier 26 Bar and Café at Darling Harbour and the shareholding in Village Roadshow Limited.

In announcing the result the Managing Director of Amalgamated, Mr David Seargeant, said: “Particularly pleasing was the result of our German cinema operations which, despite the impact of the World Cup in July 2006, improved by 38% over the prior year. Adding to the result was the strong performance of our cinema circuit in the Middle East as well as increased earnings from our investment property portfolio”.

Mr Seargeant added: “The recent sale of our 50% interest in Roadshow Distributors Pty Ltd, subsequent to year end, and realisation of $95 million in cash proceeds adds further depth to the financial resources available to the group. This will be utilised to more fully realise potential property development opportunities through our existing property portfolio, including a number of redundant cinema and drive-in properties”.

Page 2

The performance of the hotels & resorts group, Rydges, was solid, being driven by growth in average room rate of 8% over the prior year. The group also gained additional hotels through operator agreements in Campbelltown, Gladstone, Townsville, Mission Beach, Port Douglas and the strategically important World Square Sydney. The group now owns or operates 40 hotels, representing 6,665 rooms.

Both the Greater Union and Birch Carroll & Coyle cinema circuits similarly performed well achieving earnings growth of 4.3%. The hugely successful Gold Class concept continued to have a major impact on earnings growth.

For further information telephone 02 9373 6600:

Mr David Seargeant Managing Director Mr Greg Dean Company Secretary