KORVEST LTD — Major Shareholding Notification 2013

Feb 26, 2013

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Dear Shareholder

On February 19[th] it was announced that 48% shareholder Hills Finance Pty Ltd had sold their Korvest shareholding to a variety of institutional as well as sophisticated investors. Korvest welcomes these new shareholders and would like to acknowledge the valuable support which Hills has provided to Korvest over many years.

Brief history of Korvest:

• September 1970 – Listed on the ASX as Kia Ora Investments Ltd – a company created to invest in and provide management services to gold mining companies

• 1973 – purchased share of Eglingtons Galvanising works.

• 1979 – name changed to Korvest Ltd after divesting all mining-related interests and purchasing the remaining portion of Eglingtons Galvanising Works.

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• • 1980 s – Korvest acquired a number of businesses and was involved in a wide variety of businesses including residential and industrial roller doors, air diffusion equipment, grilles and fire dampers, stove flues and other air-conditioning products as well as its existing galvanising business. It had manufacturing plants in New South Wales and Victoria as well as a base at Pinn Street, St Mary’s in SA.

• 1983 – purchased existing site at 580 Prospect road, Kilburn. A new Galvanising facility was built and manufacturing was consolidated onto the Kilburn site.

• 1985 – Hills purchased 45% of Korvest. Hills closed their own galvanising facility with Korvest undertaking this work.

• 1987 – purchased EzyStrut, cable support business.

• 2005 – Grating and handrail business was created as a part of the galvanising business. This business is now known as Indax.

The current day Korvest consists of Korvest Galvanisers, EzyStrut and Indax.

On February 20[th] Korvest announced the purchase of two related Queensland based businesses, Power Step (Australia) Pty Ltd and Titan Technologies (SE Asia) Pty Ltd.

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Power Step’s primary business is design, fabrication and supply of safety access systems to large mobile equipment or fixed structures. The business has principally focussed on supply to the mining sector however there are wider applications that have not yet been fully explored. Power Step has markets both locally and internationally in South America and Africa.

Titan supplies specialised tools in the form of torque wrenches, hydraulic pumps and related accessories. Titan distributes for a number of different manufacturers. Titan also has a range of hire tools and pumps as well as a service and repair facility at Archerfield in Queensland.

To provide an opportunity for both new and existing shareholders to better understand the Korvest businesses, an investor information day is planned to be held at the Kilburn site in June to provide an overview of the businesses as well as a tour of the facility. Further information relating to this event will be provided closer to the date.

Yours faithfully,

Peter Stancliffe Chairman

27 February 2013

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