EVT LIMITED — Earnings Release 2008

Feb 20, 2008

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21 February 2008

Strong Half for Amalgamated

Major entertainment and hospitality operator Amalgamated Holdings Limited (ASX: AHD) today announced its half-year result, achieving a normalised profit before individually significant items and tax of $50.15 million. This represents an increase of 16% over the prior comparable period.

The Chairman Mr Alan Rydge announced a lift in the interim dividend to 11 cents per share.

The net profit after tax was $78.148 million, which included a gain after tax of $37.977 million on the sale of the Company’s 50% interest in Roadshow Distributors Pty Ltd. This was recorded as an individually significant item.

In announcing the result, the Managing Director of Amalgamated, Mr David Seargeant said: “With a near record ski season at Thredbo, the result was further boosted by the strong level of trading at our Hotels & Resorts”. He added: “In Exhibition, the domestic result was solid, however, despite an encouraging first quarter the result from our German cinema operations was, due to a soft second quarter, disappointing. The performance of our Middle East circuit was again strong.”

The sale of the Company’s interest in Roadshow Distributors Pty Ltd has led the Company to be in a strong position of minimal net debt enabling the Company to look at a number of property development opportunities within the Thredbo, Hotels & Resorts businesses and more generally, surplus Group property assets.

For further information telephone 02 9373 6600:

Mr David Seargeant Managing Director Mr Greg Dean Company Secretary