MAXIPARTS LIMITED — Capital/Financing Update 2007

Dec 20, 2007

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ASX ANNOUNCEMENT

MaxiTRANS Industries Limited (‘MXI’) is Australia’s largest supplier of road transport trailing equipment and solutions.

At the Annual General Meeting held on 19 October 2007 the Chairman advised that “Based on internal management accounts the earnings for the 1[st] quarter of FY08 have exceeded earnings for the 1[st] quarter FY07 by 56%” and that “the Company expects this strong start to continue for at least the balance of the 1[st] half of FY08”.

The directors of MXI now advise that this strong start to FY08 has continued and based on internal management accounts the earnings for 1H08 are expected to exceed the earnings for 1H07 by 100%.

The Company also advises that order books for most business units remain strong.

For more information please contact the Managing Director, Mr Michael Brockhoff, on 03 8368 1100. Alternately you may wish to visit our website at www.maxitrans.com.au

Ian Davis Chairman

Michael Brockhoff Managing Director

21 December 2007