MOAB MINERALS LIMITED — M&A Activity 2009

Nov 8, 2009

9 November 2009

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ADULTSHOP REITERATES TAKE NO ACTION ADVICE

The Board of AdultShop.com Limited (AdultShop) reiterates its advice to shareholders to take no action in relation to the unsolicited offer from Sexyland Australia Pty Ltd (Sexyland).

Sexyland lodged its Bidder’s Statement with AdultShop and the Australian Securities Exchange on 9 November 2009.

The AdultShop Directors believe that Sexyland offer substantially undervalues AdultShop shares. The offer represents a 65% discount to the net tangible asset backing per AdultShop share of 2.4 cents per share.

AdultShop is considering a range of options to unlock value for its shareholders.

AdultShop Managing Director Malcolm Day said he was “confident in the Board’s ability to review a range of options with a view to delivering value for AdultShop shareholders.”

The Board will now proceed to review the Bidder’s Statement and will make a formal recommendation to shareholders in due course.

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Malcolm Day MANAGING DIRECTOR AdultShop.com Limited

For further information please contact: John McGlue FD Third Person Ph: +61 8 9386 1233 Mob: +61 417 926 915