GLOBE INTERNATIONAL LIMITED — M&A Activity 2012

Nov 15, 2012

==> picture [80 x 74] intentionally omitted <==

COMPANY ANNOUNCEMENT

MELBOURNE, 16 November 2012

The Board of Globe International Limited receives unsolicited takeover offer

The Board of Globe International Limited (ASX: GLB ) (“ Globe” ) hereby advises the Australian Securities Exchange that it has received an unsolicited takeover offer from Mariner Corporation Limited (“ Mariner” ) this morning.

Mariner has announced a takeover offer for all the shares in Globe with a consideration of 5 Mariner Shares for every 4 Globe shares.

Globe Directors were only advised of the intention of Mariner this morning. There have not been any prior discussions between Mariner and Globe in this relation to this matter.

Globe Directors are not yet in a position to make a formal recommendation to shareholders.

Shareholders are advised to take no action in relation to Mariner’s takeover offer until the Directors have issued their formal recommendation regarding the offer . The offer is scheduled to remain open until 4 February 2013 and Directors will ensure that shareholders have ample time to make a decision in respect of Mariner’s offer.

Shareholders who have any queries regarding this matter should contact Gerhard Correa, Company Secretary on (03) 8534 9982 or email gerhard.c@globeintltd.com or Jessica Moelands, CFO on (03) 8534 9932 or email jessica.m@globeintltd.com.

ENDS