GWA GROUP LIMITED. — M&A Activity 2012

Jul 15, 2012

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Corporate Head Office Unit 5, 435 Williamstown Road Port Melbourne VIC 3207 T: 03 9646 9016 F: 03 9645 2937 www.qtechnologygroup.com.au

16 July 2012

Termination of Scheme Implementation Agreement

On 14 June 2012, GWA Group Limited ( GWA ) and Q Technology Group Ltd ( QTG ) announced that they had entered into a scheme implementation agreement ( SIA ) pursuant to which GWA would acquire, subject to the satisfaction of certain conditions, all of the issued ordinary shares in QTG by way of a scheme of arrangement ( Transaction ).

Due to a condition precedent in the SIA having become incapable of satisfaction, GWA and QTG have mutually agreed to terminate the SIA with effect from 16 July 2012. No break fee will be payable by either party in respect of termination of the SIA and each party will bear its own costs associated with the Transaction.

GWA remains interested in the QTG business, API Locksmiths, and the parties have entered into an indicative non-binding heads of agreement for the sale of that business for $14 million on a debt free basis.

GWA and QTG will update the market on any material developments that arise from their discussions regarding the sale of API Locksmiths.

For further information please contact:

Investors

Q Technology Group Limited Rick Stokes, CEO

Phone: +61 3 9676 7052

GWA Group Limited Peter Crowley, Managing Director Phone: +61 7 3109 6000

Media

City PR Tim Allerton Phone: +61 2 9267 4511

Q TECHNOLOGY GROUP LIMITED ABN 27 009 259 876