EVT LIMITED — Earnings Release 2008

Aug 27, 2008

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28 August 2008

Strong Hotel Result for Amalgamated

The major entertainment and hospitality operator Amalgamated Holdings Limited (ASX: AHD) today announced a record profit before tax of $146.8 million representing an increase of 43.3% over the prior year.

The Chairman of Amalgamated, Mr Alan Rydge, announced a final divided of 19 cents per share, bringing the total dividend for the year ended 30 June 2008 to 30 cents and representing a lift of 7% over the total dividend of the previous year.

The net profit after tax for the group was $99.4 million, an increase of 20.9% over the previous year. AHD realised some $69.1 million in profit before tax from individually significant items, which included the sale of AHD’s interest in Roadshow Distributors Pty Ltd.

In announcing the result, the Managing Director of Amalgamated Mr David Seargeant said “Particularly pleasing was the performance of our Hotels & Resorts business, with strong demand enabling a further strengthening in yield, the further improvement in our German cinema operations and a very strong performance of our Middle East cinema circuit. In addition, despite average natural snow conditions, our further investment in automation of our snowmaking enabled a solid result in Thredbo.”

Domestically the cinema circuit experienced some softening, however the Gold Class concept continued to show very strong growth in both appeal and contribution to earnings.

Mr Seargeant added “With the realisation of some $95 million in cash from the sale of our 50% interest in Roadshow Distributors Pty Ltd, the Company is currently well placed with no net debt, to consider further acquisition opportunities should they arise out of the current economic slowdown.”

The performance of the Hotels & Resorts group was driven by the growth in average room rate of over 6% over the previous financial year. The group has also been effectively positioned to increase its future market share and presence with three confirmed additional hotel management agreements in Melbourne, Adelaide and Doha.

AHD earlier today announced its acquisition of the Gold Coast International hotel for $56.5 million which at $191,000 per room was significantly below replacement cost.

For further information telephone 02 9373 6600:

Mr David Seargeant Managing Director Mr Greg Dean Company Secretary