IGO LIMITED — Capital/Financing Update 2010

Nov 3, 2010

ASX PERTH

MARKET RELEASE

4 November 2010

Independence Group NL

TRADING HALT

The securities of Independence Group NL (the "Company") will be placed in pre-open at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Monday, 8 November 2010 or when the announcement is released to the market.

Security Code: IGO

of Heinest

Jill Hewitt Senior Adviser Issuers (Perth)

4 November 2010

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Ms Jill Hewitt ASX Limited Exchange Plaza 2 The Esplanade PERTH WA 6000

(08) 9221 2020 BY FACSIMILE:

Dear Jill,

Trading Halt Request

Independence Group NL (Company) requests a trading halt in its securities with immediate effect.

In accordance with Listing Rule 17.1, the Company provides the following information:-

• the reason for the trading halt is to allow the Company to prepare an announcement of a capital raising;
• the trading halt is to last until the earlier of the Company releasing an announcement, or commencement of trade on Monday, 8 November 2010, and
• the Company is not aware of any reason why the trading halt should not be granted.

Please contact me if you require any further information concerning this matter.

Yours sincerely

. . . . . . . . . . . . . . . . . . .

ستنصب سناقت

Kelly Ross Executive Director and Company Secretary Independence Group NL